New-York, March 21, 1784.
Dear Sir:
Permit me to introduce to your acquaintance and attention Mr.
Seton, Cashier of the Bank of New-York. He is just setting out for
Philadelphia to procure materials and information in the forms of
business. I recommend him to you, because I am persuaded you will with
pleasure facilitate his object. Personally, I dare say you will be
pleased with him.
He will tell you of our embarrassments and prospects. I hope an
incorporation of the two banks, which is evidently the interest of
both, has put an end to differences in Philadelphia. Here a wild and
impracticable scheme of a land bank stands in our way; the projectors
of it persevering in spite of the experience they have, that all the
mercantile and moneyed influence is against it.
A. Hamilton.