To the President and Directors
of the Bank of the United States
[Philadelphia, March 24, 1794. “In consequence of an Act lately passed enabling the President to borrow for the services of the current year One Million of Dollars,1 I have his authority to negotiate a loan to that extent.2 I flatter myself that I shall be able as heretofore to obtain this necessary aid from your institution, to be advanced in … installments.”3 Letter not found.]
ALS, sold at Anderson Galleries, January 18, 1910, Lot 109.
1. “An Act authorizing a Loan of one million of Dollars” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 345 [March 20, 1794]).
3. This extract has been taken from the dealer’s catalogue.