To George Washington
Philadelphia July 16. 1792.
I have the honor to enclose a Resolution of the Commissioners of the Sinking Fund of the 16th. inst:,1 for your consideration and approbation.
My absence from Town2 and hurry after my return, prevented the making of the arrangement before you left this place.3 I shall hope to receive your determination previous to the day which limits the receiving of proposals, as the purchases must be made within the month. Nothing else new has occurred since your departure.
With perfect respect & the truest attachment, I have the honor to be &c.
LC, George Washington Papers, Library of Congress.
1. See “Meeting of the Commissioners of the Sinking Fund,” July 13, 1792. The proceedings were transmitted to Washington in the following form:
“The Secretary of the Treasury having informed the Board that there are, at their disposal, certain sums of money, arising from the funds assigned by law:
“Resolved, That the said sums of money be applied within the time limited by law, to the purchase of the several kinds of stock, at the lowest prices, pursuant to the directions of the law, and according to the rates prescribed in the last resolution of this Board, concerning such purchases.
“Resolved, That Samuel Meredith, Treasurer of the United States, be the agent for the foregoing purpose; that he receive sealed proposals to any amount; that he prefer the lowest offers; that he have regard, as far as may be, to the purchasing of equal proportions of the several kinds of stock; and that he advertise to receive proposals until the 28th of July, instant, inclusively.” (ASP description begins American State Papers, Documents, Legislative and Executive, of the Congress of the United States (Washington, 1832–1861). description ends , Finance, I, 237.)
2. H had attended a meeting of the directors of the Society for Establishing Useful Manufactures in Newark, New Jersey, from July 4 to July 7, 1792.
3. Washington had left Philadelphia for Mount Vernon on July 11, 1792.