From Alexander Hamilton to John Adams, 16 January 1795

To John Adams

Treasury Department January 16th. 1795

Sir,

I beg leave through you to inform the Senate that pursuant to the second Section of the Act establishing the Treasury Department which expressly makes it the duty of the Secretary of the Treasury “to digest and prepare plans for the improvement and management of the Revenue and for the Support of public Credit”1 I have digested and prepared a plan, on the basis of the actual revenues, for the further Support of public Credit, which is ready for communication to the Senate.2

This plan embraces, a further provision for the unsubscribed Debt, a provision for converting with the consent of the Creditors the foreign into Domestic Debt, a provision for augmenting the Sinking Fund so as to render it commensurate with the intire Debt of the United States, Suggestions for giving effect to the Act of the last Session granting a million of Dollars for the purposes of foreign intercourse;3 with some auxiliary propositions.

With perfect respect I have the honor to be Sir Your Obedient Servant

Alexander Hamilton
Secy of the Treasy

The Vice President of the
United States
and President of the Senate

LS, RG 46, Third Congress, 1793–1795, Reports from the Secretary of the Treasury, National Archives; copy, Connecticut Historical Society, Hartford.

1. 1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 65–67 (September 2, 1789).

2. On January 19, 1795, the Senate “took into consideration the communication from the Secretary of the Department of Treasury, of the 16th instant; and,

“Ordered, That he be notified that the Senate are ready to receive the plan for the further support of public credit therein mentioned.” On January 21, 1795, H’s “Report on a Plan for the Further Support of Public Credit,” January 16, 1795, was communicated to the Senate (Annals of Congress description begins The Debates and Proceedings in the Congress of the United States; with an Appendix, Containing Important State Papers and Public Documents, and All the Laws of a Public Nature (Washington, 1834–1849). description ends , IV, 812, 813).

3. “An Act making further provision for the expenses attending the intercourse of the United States with foreign nations; and further to continue in force the act intituled ‘An act providing the means of intercourse between the United States and foreign nations’” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 345 [March 20, 1794]).

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Source Project: Hamilton Papers
Title: From Alexander Hamilton to John Adams, 16 January 1795
Author: Hamilton, Alexander
Recipient: Adams, John
Date: 16 January 1795

Reference

Cite as: “From Alexander Hamilton to John Adams, 16 January 1795,” Founders Online, National Archives, https://founders.archives.gov/documents/Hamilton/01-18-02-0049. [Original source: The Papers of Alexander Hamilton, vol. 18, January 1795 – July 1795, ed. Harold C. Syrett. New York: Columbia University Press, 1973, pp. 44–45.]

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