From Alexander Hamilton
Philadelphia July 16. 1792.
I have the honor to enclose a Resolution of the Commissioners of the Sinking Fund of the 16th inst:, for your consideration and approbation.1
My absence from Town and hurry after my return, prevented the making of the arrangement before you left this place.2 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.
1. The commissioners of the sinking fund met on 13 July and resolved that as “there are, at their disposal, certain sums of money, arising from the funds assigned by law . . . 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. . . . 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, Finance, description begins Walter Lowrie et al., eds. American State Papers. Documents, Legislative and Executive, of the Congress of the United States. 38 vols. Washington, D.C., Gales and Seaton, 1832–61. description ends 1:237).
2. Hamilton had attended a meeting of the Society for Establishing Useful Manufactures in Newark, N.J., on 4–7 July 1792. GW had left Philadelphia for Mount Vernon on 11 July.