Hamilton, Alexander, 1757-1804 to William Seton

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GLC#
GLC04785
Type
Letters
Date
16 August 1791
Author/Creator
Hamilton, Alexander, 1757-1804
Title
to William Seton
Place Written
Philadelphia, Pennsylvania
Pagination
3 p. : docket ; Height: 22.9 cm, Width: 19.4 cm
Primary time period
The New Nation, 1783-1815
Sub-Era
The Early Republic

A confidential letter instructing the Cashier of the Bank of New York, Seton to spend up to $150,000 on the open market to buy outstanding debt-securities, in hopes that it will shore up confidence in the credit of the United States. At the time of this letter Hamilton was Secretary of the Treasury. Because of the limitations of Seton's funds, this action was only moderately successful.

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