Front Page Titles (by Subject) CCLXVIII.: Alexander Hamilton to Edward Carrington. 3 - The Records of the Federal Convention of 1787, vol. 3
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CCLXVIII.: Alexander Hamilton to Edward Carrington. 3 - Max Farrand, The Records of the Federal Convention of 1787, vol. 3 
The Records of the Federal Convention of 1787, ed. Max Farrand (New Haven: Yale University Press, 1911). Vol. 3.
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Alexander Hamilton to Edward Carrington.3
May 26, 1792.
As to the third point, the question of an assumption of the State debts by the United States was in discussion when the convention that framed the present government was sitting at Philadelphia, and in a long conversation which I had with Mr. Madison in an afternoon’s walk, I well remember that we were perfectly agreed in the expediency and propriety of such a measure; though we were both of opinion that it would be more advisable to make it a measure of administration than an article of Constitution, from the impolicy of multiplying obstacles to its reception on collateral details.
[3 ]H. C. Lodge, Works of Alexander Hamilton (Federal Edition), IX, 515.