Théophile Cazenove to Egbert Benson
and Alexander Hamilton1
Philadelphia, July 5, 1797. States: “Mr. Benson’s absence retarding the answer upon my letter of the 29 May, which answer I have sollicited from your friendship, permit me to add to that letter some observations relative to the same Subject.” Asks if the Holland Land Company “is allowed to sell at 10 & 12 years credit;… will She be allowed to hold the mortgage upon the Land as a pledge for the payment?” Also asks: “What will be the consequences if the purchasers are not able to pay at the expiration of 10 or 12 years—and if then, the mortgaged lands, Sold under execution, does not produce the amount due? Will the Holland Compy. in such a case, be authorised to retake the land, & to hold that property—or must the land be sold at cash for any price and the Holld. Compy. loose the defficit, having only for that defficit, a claim against a purchaser not able to fulfill his engagements?”
ALS, Hamilton Papers, Library of Congress; copy, Gemeentearchief Amsterdam, Holland Land Company. The Holland Land Company documents were transferred in 1964 from the Nederlandsch Economisch-Historisch Archief, Amsterdam.
1. This letter was addressed to Benson and H in their capacities as attorneys for the Holland Land Company. For the full text of this letter and other relevant documents, see Goebel, Law Practice description begins Julius Goebel, Jr., ed., The Law Practice of Alexander Hamilton: Documents and Commentary (New York and London, 1964– ). description ends , forthcoming volumes.