MS (DLC: Madison Papers); entirely in TJ’s hand; undated; brackets in original except in dateline; consists of one long sheet folded to make four pages, with notes on first page and accounts on second and third pages, the fourth being blank. PrC (DLC: TJ Papers, 96: 16478–80). PrC of Dft (same, 16481–2); undated; consists of two pages of entries forming a worksheet for accounts.

These notes, obviously intended for James Madison, consist of TJ’s analysis of Alexander Hamilton’s 3 Jan 1793 report on foreign loans; the House of Representatives received the report on the following day. TJ’s references indicate that he used the text of the report printed by order of the House (Evans, description begins Charles Evans, Clifford K. Shipton, and Roger P. Bristol, comps., American Bibliography: A Chronological Dictionary of all Books, Pamphlets and Periodical Publications Printed in the United States of America from … 1639 … to … 1820, Chicago and Worcester, Mass., 1903–59, 14 vols. description ends No. 26350; Syrett, Hamilton description begins Harold C. Syrett and others, eds., The Papers of Alexander Hamilton, New York, 1961–87, 27 vols. description ends , xiii, 451–62). At Washington’s direction, Hamilton drew up the report in response to a 27 Dec. 1792 resolution of the House requesting a detailed statement of the disposition of foreign loans negotiated under presidential authority. The resolution had been prompted by debates over a Hamilton-inspired bill to pay the government’s debt to the Bank of the United States (Annals description begins Annals of the Congress of the United States: The Debates and Proceedings in the Congress of the United States … Compiled from Authentic Materials, Washington, D.C., Gales & Seaton, 1834–56, 42 vols. All editions are undependable and pagination varies from one printing to another. The first two volumes of the set cited here have “Compiled … by Joseph Gales, Senior” on the title page and bear the caption “Gales & Seatons History” on verso and “of Debates in Congress” on recto pages. The remaining volumes bear the caption “History of Congress” on both recto and verso pages. Those using the first two volumes with the latter caption will need to employ the date of the debate or the indexes of debates and speakers. description ends , iii, 753–61). TJ’s most prominent suspicion that Hamilton was guilty of misapplying foreign loans in the interest of the Bank of the United States was aroused by Hamilton’s revelation in this report that he had drawn to America and lodged in the bank some of the funds negotiated in Europe to discharge the foreign debt. Hamilton’s subsequent explanation and defense of his action (Syrett, Hamilton description begins Harold C. Syrett and others, eds., The Papers of Alexander Hamilton, New York, 1961–87, 27 vols. description ends , xiv, 46–57) failed to convince TJ and led to his involvement with House Republicans in the preparation of censure resolutions which severely criticized the Secretary of the Treasury on this issue. For the hypothesis that TJ set down and transmitted these notes to Madison sometime before 23 Jan. 1793, see Editorial Note on Jefferson and the Giles resolutions, at 27 Feb. 1793. report of commrs.: Report of the Commissioners of the Sinking Fund, [17 Nov. 1792].