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

to william seton (Private.) - 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.

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


to william seton
(Private.)

  • Philadelphia,

I have your letters of the 10th and 11th, and, more to my distress and surprise, I learn by other letters a confirmation of what you apprehended, namely, Mr. Macomb’s failure. This misfortune has, I fear, a long tail to it.

The enclosed, you will perceive, gives you additional latitude. The terms as heretofore for 6 per cents., 20s.; 3 per cents. 12s.; and deferred 12s. 6d.

You must judge of the best mode and manner of applying the sum. The operation here not being ex tensive, I have found it best to eke out my aid. I doubt whether this will answer with you. My reason was to keep up men’s spirits by appearing often, though not much at one time. All is left to you. You will doubtless be cautious in securing your transfer before you pay.