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

to benjamin goodhue 1 - 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 benjamin goodhue1

  • Philadelphia,

My Dear Sir:

As Mr. Cone, who, I think, informed me he had a letter from you on the same subject, undertook to say all that could be said in relation to Mr. Gray’s affair, I permitted the hurry of business to keep me silent. Nothing further concerning the affair has since come to me, so that I am wholly ignorant what turn it may have taken. It must have given you pleasure to learn how much the Constitution of the United States, and the measures under it, in which you have had so considerable an agency, have contributed to raise this country in the estimation of Europe. According to the accounts received here, the change which has been wrought in the opinion of that part of the world respecting the United States is almost wonderful: The British Cabinet wish to be thought disposed to enter into amicable and liberal arrangements with us. They had appointed Mr. Elliott, who, on private considerations, had declined; and it is affirmed from pretty good, though not decisive authority, that they have substituted a Mr. Hammond, and that his arrival may shortly be expected. I would not warrant the issue, but if some liberal arrangement with Great Britain should ensue, it will have a prodigious effect upon the conduct of some other parts of Europe. It is, however, most wise for us to depend as little as possible upon European caprice, and to exert ourselves to the utmost to unfold and improve every domestic resource.

In all appearance, the subscriptions to the Bank of the United States will proceed with astonishing rapidity. It will not be surprising if a week completes them.

[1]Benjamin Goodhue, of Salem, Member of Congress from Massachusetts.