HAMILTON ALEXANDER Letter Signed AHamilton Secty of the Tre

Sale 2228 - Lot 10

Price Realized: $ 2,880

?Final Price Realized includes Buyer’s Premium added to Hammer Price

Estimate: $ 3,500 - $ 5,000

YOUNG NATION'S FINANCES DEPEND UPON PUNCTUAL PAYMENT OF BONDS HAMILTON, ALEXANDER. Letter Signed, "AHamilton / Secty of the Treasury," to an unnamed Collector of Customs ("Sir"), circular letter ordering that an unpaid bond be put in suit immediately upon becoming due, and pointing out that strict observance is necessary to maintain order of the finances. 1 page, 4to; very faint scattered toning and dampstaining, horizontal folds, docketing on verso; matted with a portrait and framed. "Treasury Department" [Philadelphia], 18 Decemeber 1789

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"[I]t is proper that the respective Collectors should be apprised of my expectation with regard to the conduct to be observed by them. It is, that if the bonds are not paid as they fall due, they be immediately put in suit. On this point, the most exact punctuality will be considered as indispensable. . . . I am not unaware, that the relaxations in this respect, which obtained in many instances under the State laws, may give an air of rigor to this instruction; but I consider its strict observance as essential not only to the order of the finances, but even to the propriety of the indulgence which the law allows of procrastinated terms of payment of the duties--and hence I regard this strictness as eventually most convenient to individuals, as well as necessary to the public."