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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 am honored with your letters of the 5th, 15th, and 16th instant.

The detail you have been pleased to enter into in that of the 5th exhibits very cogent reasons for confining yourself to pretty large denominations of notes. Somt- of them had occurred to me, others had not; but I thought it my duty to state to you the operation which that circumstance had, as in the midst of the variety and extent of the objects which occupy your attention, you may not have so good opportunities of seeing the effect of your plans in detail. While I acknowledge that your observations have corrected my ideas upon the subject, and shown me that there would be danger in generally lessening the denominations of the paper issued, I should be uncandid not to add that it still appears to me there would be a preponderance of advantages in having a part of a smaller amount. I shall not trouble you at present with any further reasons for this opinion.

I have immediately on receipt of your letter taken measures for the publication of your advertisement in the newspapers of this State.

You will perceive by the enclosed cash account that, since my last, I have received five and twenty hundred dollars. This was procured in part of the loan I mentioned to you. It was chiefly paid to me in specie, and I have exchanged it with Col. Dickering and Mr. Duer for the notes; the latter had twelve hundred dollars. Taxes collect slowly, but I must shortly receive two or three hundred pounds more, of which Mr. Duer will have the principal benefit, as it appears by your letter to him, that you hoped he might receive three thousand dollars from me.

As I may shortly set out for Philadelphia, I wish to surrender to Mr. Tillotson, as soon as you think proper, the office in which he is to succeed.