Alexander Hamilton Papers

From Alexander Hamilton to Joseph Ball, 28 December 1794

To Joseph Ball1

Treasury Department
Decr. 28. 1794

The Secretary of the Treasury presents his Compliments to Mr. Ball Chairman of a Committee of the Bank of The UStates. He would propose that the three hundred thousand Dollars remaining unpaid of the 400000 loan2 should be paid in three equal installments on the first of November December and January. The point of credits for bills deposited is reserved for further consideration but will be arranged before Mr. Hamilton leaves the Office.3

AL, Yale University Library.

1Ball, in addition to being a director of the Bank of the United States, was a Philadelphia merchant.

2For information on the four hundred thousand dollar loan, see H to the President and Directors of the Bank of the United States, September 24, 1794, note 2.

3See H to George Washington, December 1, 1794; H to Frederick A. C. Muhlenberg, December 1, 1794.

A note at the bottom of this letter in an unidentified handwriting reads: “acceded to by the board.”

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