- 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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