From William Seton
New York 26 October 1792
Agreably to your desire1 I now enclose Copies of all the Letters I received from you respecting the purchase of Public Debt. I hope no disagreable event has occurred to cause a review of what was so eminently beneficial to the Community at large.
The present high rate of Exchange & the over great Importations from Europe, I fear will soon begin to drain the Banks of Specie—unless the price of Stocks falls to that point at which the foreigners will purchase.
I am with the sincerest respect & esteem Dear sir Your obliged Obed Humb Servt
A. Hamilton Esqr.