Philadelphia, June 30, 1784.
Dear Hamilton:
This is rather a late period to acknowledge yours of the seventh of
April. I have lived in the constant intention to answer it, and I
now execute my purpose. But why not sooner? “Procrastination is the
thief of time,” says Dr. Young. I meant to have written fully on the
subject of the gold. But I waited some informations from Annapolis on
the probability of a Mint. I afterwards intended a long letter upon
a subject I mentioned to Mr. Seton, namely, a coalition between your
Bank and the National Bank. I do not find either party inclined to it.
And yet both would be the better for it. You, I believe, will soon be
out of blast unless it should take place. I could say a great deal
on this subject, but it would be very useless. When you find your
cash diminish very fast, remind Seton of my predictions, and let him
tell you what they were. If the Legislature should attempt to force
paper money down your throats, it would be a good thing to be somewhat
independent of them. But I must check myself, or I shall go too far
into a business which would plague us both to no purpose. It shall be
left, therefore, until we meet.
Very affectionately yours,
Gouv. Morris.
Alexander Hamilton, Esq.