HAMILTON, ALEXANDER, Secretary of the Treasury under Washington. Letter signed in full as Secretary of the Treasury, with closing sentence added in his autograph, to Messrs Billington and Young, Treasury Department, 10 November 1792. 1 1/2 pages, 4to, partial fold tears, one reinforced, small chip to blank margin. AN INTERESTING LETTER, SHOWING HAMILTON'S DIRECT INVOLVEMENT, AT THIS EARLY STAGE IN THE NATION'S FINANCES, IN THE MINUTIAE OF PURCHASING AND REQUISITION ON THE GOVERNMENT'S BEHALF. THE PAST YEAR HAD SEEN THE ADOPTION OF HAMILTON'S SWEEPING AND RADICAL FINANCIAL SCHEMES TO MANAGE THE NATION'S HUGE DEBT, ESTABLISH A NATIONAL BANK, THE MINT AND TO LEVY EXCISE TAXES FOR REVENUE. "I REQUIRE THREE HUNDRED SUITS OF CLOTHING FOR THE TROOPS OF THE UNITED STATES, TO BE FURNISHED AT THE RESPECTIVE PRICES AT WHICH THE SEVERAL ARTICLES, COMPOSING A SUIT, WERE PROVIDED UNDER YOUR LATE CONTRACT. BUT IN THE QUANTITY MENTIONED I WILL TAKE ONE HUNDRED SUITS OF THOSE WHICH HAVE BEEN HERETOFORE REJECTED, AS FAR AS THE ARTICLES GO TO COMPLETE A SUIT, FOR WHICH A COMPARATIVE PRICE WILL BE ALLOWED, TO BE ASCERTAINED BY AN IMPARTIAL VALUATION; PROVIDED THE DISCOUNT, TAKING THE CONTRACT PRICES AS THE STANDARD, SHALL NOT BE LESS THAN 12 1/2 PER CENT. THE REMAINING 200 SUITS, AND SUCH OF THE ARTICLES AS MAY BE DEFICIENT TO MAKE UP THE 100 SUITS BEFORE MENTIONED, ARE TO BE FURNISHED AGREEABLE TO PATTERNS AT THE CONTRACT PRICE. [IN HAMILTON'S HAND:] IT IS MY WISH THAT THE ARTICLES MAY BE READY AS SOON AS POSSIBLE."
HAMILTON, ALEXANDER, Secretary of the Treasury under Washington. Letter signed in full as Secretary of the Treasury, with closing sentence added in his autograph, to Messrs Billington and Young, Treasury Department, 10 November 1792. 1 1/2 pages, 4to, partial fold tears, one reinforced, small chip to blank margin. AN INTERESTING LETTER, SHOWING HAMILTON'S DIRECT INVOLVEMENT, AT THIS EARLY STAGE IN THE NATION'S FINANCES, IN THE MINUTIAE OF PURCHASING AND REQUISITION ON THE GOVERNMENT'S BEHALF. THE PAST YEAR HAD SEEN THE ADOPTION OF HAMILTON'S SWEEPING AND RADICAL FINANCIAL SCHEMES TO MANAGE THE NATION'S HUGE DEBT, ESTABLISH A NATIONAL BANK, THE MINT AND TO LEVY EXCISE TAXES FOR REVENUE. "I REQUIRE THREE HUNDRED SUITS OF CLOTHING FOR THE TROOPS OF THE UNITED STATES, TO BE FURNISHED AT THE RESPECTIVE PRICES AT WHICH THE SEVERAL ARTICLES, COMPOSING A SUIT, WERE PROVIDED UNDER YOUR LATE CONTRACT. BUT IN THE QUANTITY MENTIONED I WILL TAKE ONE HUNDRED SUITS OF THOSE WHICH HAVE BEEN HERETOFORE REJECTED, AS FAR AS THE ARTICLES GO TO COMPLETE A SUIT, FOR WHICH A COMPARATIVE PRICE WILL BE ALLOWED, TO BE ASCERTAINED BY AN IMPARTIAL VALUATION; PROVIDED THE DISCOUNT, TAKING THE CONTRACT PRICES AS THE STANDARD, SHALL NOT BE LESS THAN 12 1/2 PER CENT. THE REMAINING 200 SUITS, AND SUCH OF THE ARTICLES AS MAY BE DEFICIENT TO MAKE UP THE 100 SUITS BEFORE MENTIONED, ARE TO BE FURNISHED AGREEABLE TO PATTERNS AT THE CONTRACT PRICE. [IN HAMILTON'S HAND:] IT IS MY WISH THAT THE ARTICLES MAY BE READY AS SOON AS POSSIBLE."
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