To Alexander Hamilton
United States [Philadelphia] March 20th 1793.
It appears from your Report to me of the 18th instant, and the Statements accompanying it, that it will be proper to take measures for securing a Loan of Eight hundred thousand Dollars; as authorised by the Act, entitled “an Act making appropriations for the support of Government for the year 1793.”1 I have therefore to request that you will cause such a Power to be prepared for my signature as will be necessary for your authorization to effect said Loan in the time & manner stated in your Report.2
1. For this act, see 1 Stat., description begins Richard Peters, ed. The Public Statutes at Large of the United States of America, from the Organization of the Government in 1789, to March 3, 1845 . . .. 8 vols. Boston, 1845-67. description ends 325–29. For the passage of the 1793 appropriations act, see Edmund Randolph to GW, 14 Feb., n.2.
2. Hamilton’s reply to GW of this date reads: “The Secretary of the Treasury has the honor to submit to The President of the United States the Draft of a Power to make the Loan of Eight hundred thousand Dollars. In this, there is no referrence to the ideas lately submitted to the President, and which appear, by his note of to-day, to be approved by him; because it seems most proper, & is most usual for Powers to be simple & general. But it will be of course understood that it’s application will be conformable to the views communicated; unless the President should otherwise direct” (DLC:GW). GW sent his formal authorization to Hamilton on 21 March.