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to oliver wolcott - Alexander Hamilton, The Works of Alexander Hamilton, (Federal Edition), vol. 10 
The Works of Alexander Hamilton, ed. Henry Cabot Lodge (Federal Edition) (New York: G.P. Putnam’s Sons, 1904). In 12 vols. Vol. 10.
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to oliver wolcott
July 30, 1796.
I have written you a short line previous to the receipt of your letter of the 26th, to which, indeed, I can add nothing material.
It will, as things stand, be imprudent to push the point of a further loan till the President arrives—for, though a majority of the directors are well disposed to the thing, they are afraid of Mr. McCormick’s clamors and want the sanction of the President to control and counterbalance him. All, I am told, that can now be relied upon, is a postponement of the payment of the 200,000 dollars heretofore lent, to which Mr. McCormick assents.1
Now first printed from the Wolcott papers in the possession of the Connecticut Historical Society. This letter, and those preceding on the same subject, give a curious idea of the conduct of the government and the scale of financial dealings in 1796 as compared with those of to-day.