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|Collection Reference Number
|From Archive Folder
|Documents Relating to 1791
|Alexander Hamilton to William Seton instructing him to spend money to ensure confidence in the credit of the USA
|16 August 1791
|Hamilton, Alexander (ca. 1757-1804)
|A confidential letter instructing the Cashier of the Bank of New York, Seton to spend up to $150,000 on the open market to buy outstanding debt-securities, in hopes that it will shore up confidence in the credit of the United States. At the time of this letter Hamilton was Secretary of the Treasury. Because of the limitations of Seton's funds, this action was only moderately successful.
|Finance Economics Banking Government and Civics
|Hamilton, Alexander (ca. 1757-1804) Seton, William (1746-1798)
|Banking & Economics; Industry; Government & Politics
|The Gilder Lehrman Collection, 1493-1859
|Signer of the U.S. Constitution.
|The Gilder Lehrman Institute of American History
|Settlement, Commerce, Revolution and Reform: 1493-1859