From Alexander Hamilton
Treasury Department July 8. 1794
From communications with the Secretary of State, in your absence,1 it would appear expedient to place the powers in Holland for making a Loan for the purpose of the Algierine-negotiation earlier than may be practicable, if the Minister resident there is to be the agent.2 Under this view of the subject, I request your instruction whether the power shall be sent to our Commissioners at Amsterdam instead of that Minister as has been contemplated.3 With the most perfect respect, &c.
1. See Edmund Randolph to Hamilton, 24 June, 28 June, and 1 July (Hamilton Papers description begins Harold C. Syrett et al., eds. The Papers of Alexander Hamilton. 27 vols. New York, 1961–87. description ends , 16:520-21, 537, 551-52). For earlier correspondence about this loan, see GW to Hamilton, 29 May (first letter) and 7 June, and Hamilton to GW, 4 June (first letter).
2. John Quincy Adams, the newly appointed minister to the Netherlands, would not sail for Europe until September.
3. GW replied to Hamilton on 9 July: "Your letter of yesterday was handed to me this day. As delay under present circumstances may attend the negotiation of a Loan in Holland by our Minister Resident there, for the purpose of the Algierine business, it appears to me expedient to send a power to our Commissioners at Amsterdam for that purpose" (LB, DLC:GW). The power authorizing the Dutch banking firm of Willink, Van Staphorst & Hubbard to borrow $800,000 on behalf of the United States was dated 2 July and sent with a letter from Hamilton to them dated 7 July (Hamilton Papers description begins Harold C. Syrett et al., eds. The Papers of Alexander Hamilton. 27 vols. New York, 1961–87. description ends , 16:574-77).