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Collection Reference Number GLC05804
From Archive Folder Documents Relating to 1791 
Title Alexander Hamilton to William Constable regarding business in Antwerp
Date 14 November 1791
Author Hamilton, Alexander (ca. 1757-1804)  
Recipient Constable, William  
Document Type Correspondence; Business and financial document
Content Description Assures Constable that the whole interest on the stock of his business associates in Antwerp (then part of the Netherlands) has been paid. He notes that the transactions were carried out in such a way that violated the laws of both countries. He states he assisted because of "certain political considerations. . .with a wish to accommodate you determined me to pass over the obstacle . . ." but also insists that the gentlemen "transact their business with more accuracy in the future." Addressed to Constable in New York.
Subjects American Statesmen  Finance  Banking  Global History and Civics  Foreign Affairs  Politics  Law  
People Hamilton, Alexander (ca. 1757-1804)  Constable, William (1721-1791)  
Place written Philadelphia, Pennsylvania
Theme Foreign Affairs; Banking & Economics; Law; Government & Politics
Sub-collection The Gilder Lehrman Collection, 1493-1859
Additional Information Signer of the U.S. Constitution. Hamilton was Secretary of the Treasury at the time. Constable was his wealthy legal client. Constable speculated heavily in land and stocks. In 1790 he bought Dutch notes, and that year at one point he owed the Europeans over five million dollars. His partners were Thomas Willing and William Duer. The scandal caused by their speculation fed Jefferson's unsuccessful attempts to discredit Hamilton. This letter documents that Hamilton was connected to the scheme.
Copyright The Gilder Lehrman Institute of American History
Module Settlement, Commerce, Revolution and Reform: 1493-1859
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