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Subject Area: Economics
Subject Area: Political Theory
Topic: The American Revolution and Constitution

to robert morris - Alexander Hamilton, The Works of Alexander Hamilton, (Federal Edition), vol. 9 [1774]

Edition used:

The Works of Alexander Hamilton, ed. Henry Cabot Lodge (Federal Edition) (New York: G.P. Putnam’s Sons, 1904). In 12 vols. Vol. 9.

Part of: The Works of Alexander Hamilton, (Federal Edition), 12 vols.

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to robert morris

  • Albany,

Sir:

I wrote you a hasty letter by the last post, which arrived late, and set out very soon after its arrival.

Since that I have received two thousand dollars, all in your bills on Mr. Swanwick, in favor of Messrs. Sands & Co. One half the sum is in bills payable in February next, exchanged by them for specie with one of the county treasurers. I am sensible there is an inconvenience in this in different ways, but it appears by your letter of the 19th of July that you mean to have those bills received upon the same footing with your and the bank notes, without regard to the time they have to run. I have, however, induced the treasurer to write in a manner that I hope will discourage like exchanges in future without giving any unfavorable impression. Besides the inconvenience from this practice, which I mentioned in a former letter, there is another which I am persuaded will result.

People will get into a way of discounting your bills and notes with the treasurers and collectors, to the injury of their credit.

Probably you are apprised of a fact which, however, I think it my duty to mention: It is that the bank notes pass pretty currently as cash, with a manifest preference to your notes.

I have not yet received the other papers relative to the account of supplies I have sent you.

I hope to be able to inclose you a copy of the address of the public creditors in this town to the rest of that denomination in this State. It inculcates the ideas which ought to prevail.

I have not yet heard of your messenger, Mr. Brown. I presume his circuit is regulated by your occasional direction.1

[1]Now first printed from the Hamilton papers in the State Department.