University of Virginia Library

3627. HAMILTON (Alexander), Treasury management.—[continued].

The most prominent
suspicion excited by the Report of the Secretary
of the Treasury of January 3, 1793, is that the
funds raised in Europe, and which ought to
have been applied to the payment of our debts
there, in order to stop interest, have been drawn
over to this country, and lodged in the Bank, to
extend the speculations and increase the profits
of that institution. [232]
No Address. Ford ed., vi, 165.
(Feb. 1793)

 
[232]

This paper contains an analysis of the receipts
and disbursements of the Treasury in Europe.—Editor.