Knox discusses the assumption of state debt
Document 1790Letter, discusses assumption of debt by Congress.
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[undecipherable: archival notation, top right]
New York 21 Feby 1790—
My dear [undecipherable]—
I have received your favor last evening dated the 14th instant. I have this day have some long conversation with Mr Corgie. The result is this that if the Congress should fund the debt [undecipherable] in the [undecipherable] of [undecipherable] of the Treasury, that he will [undecipherable: assume] immediately the — make special arrangement with [undecipherable: Nolton] for us to discharge your firm [undecipherable] ties, not but to enable you to avail yourself of the firm [undecipherable] of the [undecipherable] of China ones for—
2d That if you then arrive at [undecipherable] must [undecipherable] on Turkey, where your [undecipherable] accompany with a [undecipherable: letter] holding up their idea of [undecipherable] from your [undecipherable] [undecipherable]
and also that you will make the [undecipherable] [undecipherable] [undecipherable] [undecipherable] he
[undecipherable] [undecipherable: manage] and [undecipherable: endorse] the first [undecipherable]
Their [undecipherable: promise] that he [strikethrough: he shall not]
[undecipherable] [undecipherable], be obliged to
any [undecipherable] on his business. [undecipherable]
pay [undecipherable] unless Congress funds [undecipherable]
[undecipherable] a [undecipherable: gratuity]? [undecipherable] [undecipherable]
[undecipherable] of [undecipherable] at [undecipherable] [undecipherable] [undecipherable]
on [undecipherable] of Mr [undecipherable: Hummelstein]
I therefore advise you to [undecipherable: dissemble] [undecipherable]
here in [undecipherable: Boston] and leave the [undecipherable: letter] [undecipherable] [undecipherable]
and [undecipherable: transpose] the time to — [undecipherable]
can get the first [undecipherable: compromised] so as to be—
[undecipherable] of [undecipherable]. I will get Corgie
to [undecipherable: endorse] it as proposed, and place
the [undecipherable: sum] in [undecipherable: Messrs] Hoffmans hands.
The [undecipherable: sum] to be remitted to [undecipherable: London] [undecipherable]
and [undecipherable: paid], to be carried [undecipherable] amount
of the insurance of your Ship [undecipherable].
This is one [undecipherable: confidential]
[undecipherable] insurance [undecipherable]
[undecipherable: be kept] of this
[undecipherable] at [undecipherable] the [undecipherable] of [undecipherable]
In this case [undecipherable] [undecipherable: Hoffman] [undecipherable] [undecipherable] up [undecipherable]
[undecipherable] — write to me [undecipherable: carefully] [undecipherable]
[undecipherable] [undecipherable] on the
[undecipherable] If so not how you will be
able to affect an insurance unless
the arrival of the Jay— In you will
— [undecipherable: find] by [undecipherable: Messrs] Hoffmans [undecipherable: letter] that
the [undecipherable] Brittons decline altogether [undecipherable]
or [undecipherable] any policy on the ship
Jay—
It is however Mr [undecipherable: Laws] Opinion
that you may safely go [undecipherable: when]
trusting your insurance to the arrival
of the Jay, which will be about [undecipherable]
[undecipherable] you may arrive at the
[undecipherable] Cape— Such things are certainly [undecipherable]
I know and feel for your
[undecipherable] But remember they are all
[undecipherable]
[undecipherable: sufferable] — look [undecipherable] them with composure
and keep up your Spirits—
Mr Jay has been out of Town
I believe you have [undecipherable: forgotten]
to apply for a [undecipherable: few] [undecipherable: letter] — [undecipherable]
of importance or not you can determine
I [undecipherable: have] however apply, better [undecipherable: say] for one
and [undecipherable: then] [undecipherable] you will find [undecipherable]
on the oath [undecipherable: take] your [undecipherable] [undecipherable]
[undecipherable] he and [undecipherable] your [undecipherable] [undecipherable] [undecipherable]
owned [undecipherable] [undecipherable: believe] we [undecipherable: oblige]
of the [undecipherable: United] States, Mr [undecipherable]
[undecipherable] is [undecipherable: more] [undecipherable: commanded] [undecipherable: manner]
principally or [undecipherable: entirely] by [undecipherable: Americans]
I shall [undecipherable: endeavor] to get the letter for you
by [undecipherable: Messrs] [undecipherable: Hoffman] and [undecipherable] [undecipherable]
the [undecipherable] of the return of this [undecipherable: post].
I shall also write you [undecipherable: further]
[undecipherable]— [undecipherable: yours] sincerely [undecipherable]
Type
Autograph Letter Signed
Description
Letter, discusses assumption of debt by Congress.
Date
02/21/1790
Author
Sent from
New York
Repository
Collection
Document number
1790022100001
Page start
1
Notable persons
Samuel Shaw
Henry Knox
Hoffman
Craizie
Holken
Luigie
Notable locations
New York
United States
London
China
Notable items
return of the post
principally or entirely by Americans
insurance
effect an insurance until the arrival of the pay
policy on the pay
in order to be remitted
discharge your sum
enable you to avail yourself of the sum
empress of China
draw a bill
letter
obliged to pay unless the Congress shall fund the debt
Congress should fund the debt agreeably to the scope of plans of the Secretary of the Treasury
make a final arrangement
conversation
received your favor last evening

