October 25, 2021 10:00 EST

The Alexander Hamilton Collection of John E. Herzog

 
Lot 38
 

38

[Hamilton, Alexander] [First Bank of the United States]
Letter, signed

Alexander Hamilton writes to the President of the First Bank of the United States concerning the interest on a $1,000,000 loan

(Philadelphia): Treasury Department, September 11, 1794. One sheet folded to make four pages, 10 x 8 1/8 in. (254 x 206mm). Letter in a secretarial hand, signed in full by Alexander Hamilton as first Secretary of the Treasury, to Thomas Willing, the first president of the First Bank of the United States: "In answer to your letter of the 28th of August last on/the subject of the periods at which the board of Directors contemplated/that the Interest to become due on the last Loan of One Million/of Dollars made by the Bank to the United States, should be/paid—. I have to observe that the proposition is entirely/agreeable to me and was intended to have been inserted in/the Draft. It is to be considered however as forming a part/of the Stipulation./I have the honor to be/with great respect/Sir,/Your most obedient servant/Alexander Hamilton." Addressed on verso in an unknown hand, docketed to same in a different unknown hand. Creasing from original folds; slight tear from now-removed wax seal. A fine example.

Christie's, New York, May 19, 2000, Sale 9364, Lot 50

Patrick F. and Thomas F. Madigan, New York City, in The Autograph, I, p. 10 (November, 1911)

Sold for $11,970
Estimated at $10,000 - $15,000


 

Alexander Hamilton writes to the President of the First Bank of the United States concerning the interest on a $1,000,000 loan

(Philadelphia): Treasury Department, September 11, 1794. One sheet folded to make four pages, 10 x 8 1/8 in. (254 x 206mm). Letter in a secretarial hand, signed in full by Alexander Hamilton as first Secretary of the Treasury, to Thomas Willing, the first president of the First Bank of the United States: "In answer to your letter of the 28th of August last on/the subject of the periods at which the board of Directors contemplated/that the Interest to become due on the last Loan of One Million/of Dollars made by the Bank to the United States, should be/paid—. I have to observe that the proposition is entirely/agreeable to me and was intended to have been inserted in/the Draft. It is to be considered however as forming a part/of the Stipulation./I have the honor to be/with great respect/Sir,/Your most obedient servant/Alexander Hamilton." Addressed on verso in an unknown hand, docketed to same in a different unknown hand. Creasing from original folds; slight tear from now-removed wax seal. A fine example.

Christie's, New York, May 19, 2000, Sale 9364, Lot 50

Patrick F. and Thomas F. Madigan, New York City, in The Autograph, I, p. 10 (November, 1911)

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