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Online Library of Liberty: the Works of Alexander Hamilton, (Federal Edition), Vol The Online Library of Liberty A Project Of Liberty Fund, Inc. Alexander Hamilton, The Works of Alexander Hamilton, (Federal Edition), vol. 4 [1790] The Online Library Of Liberty This E-Book (PDF format) is published by Liberty Fund, Inc., a private, non-profit, educational foundation established in 1960 to encourage study of the ideal of a society of free and responsible individuals. 2010 was the 50th anniversary year of the founding of Liberty Fund. It is part of the Online Library of Liberty web site http://oll.libertyfund.org, which was established in 2004 in order to further the educational goals of Liberty Fund, Inc. To find out more about the author or title, to use the site's powerful search engine, to see other titles in other formats (HTML, facsimile PDF), or to make use of the hundreds of essays, educational aids, and study guides, please visit the OLL web site. This title is also part of the Portable Library of Liberty DVD which contains over 1,000 books and quotes about liberty and power, and is available free of charge upon request. The cuneiform inscription that appears in the logo and serves as a design element in all Liberty Fund books and web sites is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash, in present day Iraq. To find out more about Liberty Fund, Inc., or the Online Library of Liberty Project, please contact the Director at [email protected]. LIBERTY FUND, INC. 8335 Allison Pointe Trail, Suite 300 Indianapolis, Indiana 46250-1684 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 Edition Used: The Works of Alexander Hamilton, ed. Henry Cabot Lodge (Federal Edition) (New York: G.P. Putnam’s Sons, 1904). In 12 vols. Vol. 4. Author: Alexander Hamilton Editor: Henry Cabot Lodge About This Title: Vol. IV (Coinage and the Mint, Industry and Commerce, Commercial Relations, Foreign Relations) of a twelve volume collection of the works of Alexander Hamilton who served at a formative period of the American Republic. His papers and letters are important for understanding this period as he served as secretary and aide-de-campe to George Washington, attended the Constitutional Convention, wrote many of The Federalist Papers, and was secretary of the treasury. PLL v6.0 (generated September, 2011) 2 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 About Liberty Fund: Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. Copyright Information: The text is in the public domain. Fair Use Statement: This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit. PLL v6.0 (generated September, 2011) 3 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 Table Of Contents Coinage and the Mint Hamilton to Jefferson On the Establishment of a Mint 1 Hamilton to Jefferson Hamilton to Washington Industry and Commerce Fisheries: Hamilton to Goodhue Manufactures Iron Copper Lead Fossil Coal Wood Skins Grain Flax and Hemp Cotton Wool Silk Glass Gunpowder Paper Printed Books Refined Sugars and Chocolate Hamilton to Jefferson Commercial Relations Outline of Smith’s Speech On Madison’s Resolutions of January 3, 1794 Foreign Relations Speech On the Treaty of Paris 1 Letters From Phocion 1 Letter I Letter Ii 1 Repeal of All Acts Inconsistent With the Treaty Speech On the Passage of This Act 1 Hamilton to William Short 1 (cabinet Paper.) Hamilton to Washington 1 (cabinet Paper.) Hamilton to Washington (cabinet Paper.) Hamilton to William Short 1 (cabinet Paper.) Hamilton to Washington 1 (cabinet Paper.) Hamilton to Washington 1 (cabinet Paper.) Hamilton to Jefferson (cabinet Paper.) Hamilton to Jefferson (cabinet Paper.) Washington to the President of the National Assembly of France Draft By Hamilton. 1 (cabinet Paper.) PLL v6.0 (generated September, 2011) 4 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 Hamilton to Jefferson (cabinet Paper.) Hamilton to Jefferson (cabinet Paper.) Hamilton to Washington 1 (cabinet Paper.) Hamilton to Jefferson (cabinet Paper.) Jefferson to Hamilton 2 (cabinet Paper.) Hamilton to Jefferson Hamilton to Washington (cabinet Paper.) Washington to Hamilton (cabinet Paper.) Hamilton to Washington 2 (cabinet Paper.) Hamilton to Washington Hamilton to Washington 1 (cabinet Paper.) Hamilton to Jefferson (cabinet Paper.) Hamilton to Washington (cabinet Paper.) Jefferson to Washington (cabinet Paper.) Jefferson to Washington (cabinet Paper.) Jefferson to Washington (cabinet Paper.) Hamilton to Washington (cabinet Paper.) Hamilton to Jefferson (cabinet Paper.) Hamilton to Washington (cabinet Paper.) ( Private .) Pacificus 1 (from the Gazette of the United States .) No. I No. Ii No. Iii No. Iv No. V No. Vi No. Vii THE CONNOISSEUR’S FEDERAL EDITION OF THE WORKS OF ALEXANDER HAMILTON IS LIMITED TO FOUR HUNDRED SIGNED AND NUMBERED SETS OF WHICH THIS IS NUMBER........... G.P. Putnam's Sons PLL v6.0 (generated September, 2011) 5 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 PLL v6.0 (generated September, 2011) 6 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 [Back to Table of Contents] COINAGE AND THE MINT COINAGE AND THE MINT Hamilton To Jefferson June 13, 1790. The Secretary of the Treasury has the honor to acknowledge the reception of the Report of the Secretary of State on the subject of measures, weights, and coins. There is no view which he has taken of the matter which stands opposed to the alteration of the money unit as at present contemplated by the regulations of Congress, either in the way suggested in the Report or in that mentioned in the note of yesterday. And there are certainly strong reasons to render a correspondency desirable. The idea of a general standard among nations, as in the proposal of the Bishop d’Autun, seems full of convenience and order. PLL v6.0 (generated September, 2011) 7 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 [Back to Table of Contents] On The Establishment Of A Mint1 Communicated to the House of Representatives, January 28, 1791. The Secretary of the Treasury having attentively considered the subject referred to him by the order of the House of Representatives, of the fifteenth of April last, relatively to the establishment of a mint, most respectfully submits the result of his inquiries and reflections. A plan for an establishment of this nature involves a great variety of considerations—intricate, nice, and important. The general state of debtor and creditor; all the relations and consequences of price; the essential interests of trade and industry; the value of all property; the whole income, both of the state and of individuals, are liable to be sensibly influenced, beneficially or otherwise, by the judicious or injudicious regulation of this interesting object. It is one, likewise, not more necessary than difficult to be rightly adjusted; one which has frequently occupied the reflections and researches of politicians, without having harmonized their opinions on some of the most important of the principles which enter into its discussion. Accordingly, different systems continue to be advocated, and the systems of different nations, after much investigation, continue to differ from each other. But, if a right adjustment of the matter be truly of such nicety and difficulty, a question naturally arises, whether it may not be most advisable to leave things, in this respect, in the state in which they are. Why, might it be asked, since they have so long proceeded in a train which has caused no general sensation of inconvenience, should alterations be attempted, the precise effect of which cannot with certainty be calculated? The answer to this question is not perplexing. The immense disorder which actually reigns in so delicate and important a concern, and the still greater disorder which is every moment possible, call loudly for a reform. The dollar originally contemplated in the money transactions of this country, by successive diminutions of its weight and fineness, has sustained a depreciation of five per cent., and yet the new dollar has a currency, in all payments in place of the old, with scarcely any attention to the difference between them. The operation of this in depreciating the value of property, depending upon past contracts, and (as far as inattention to the alteration in the coin may be supposed to leave prices stationary) of all other property, is apparent. Nor can it require argument to prove that a nation ought not to suffer the value of the property of its citizens to fluctuate with the fluctuations of a foreign mint, and to change with the changes in the regulations of a foreign sovereign. This, nevertheless, is the condition of one which, having no coins of its own, adopts with implicit confidence those of other countries. PLL v6.0 (generated September, 2011) 8 http://oll.libertyfund.org/title/1381 Online Library of Liberty: The Works of Alexander Hamilton, (Federal Edition), vol. 4 The unequal values allowed in different parts of the Union to coins of the same intrinsic worth, the defective species of them which embarrass the circulation of some of the States, and the dissimilarity in their several moneys of account, are inconveniences which, if not to be ascribed to the want of a national coinage, will at least be most effectually remedied by the establishment of one—a measure that will, at the same time, give additional security against impositions by counterfeit as well as by base currencies.
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