Hamilton: Finance, Newspaper Rebuttal to Mr. Findley, Hamilton as “Observer”



Alexander Hamilton: The Works of Alexander Hamilton, Volume 3


Finance: [Hamilton as] Observer1


March, 1793.

Among the observations which have appeared as containing the debates in Congress respecting the official conduct of the Secretary of the Treasury, Mr. Findley is represented as having made the following assertions: “That the Secretary of the Treasury had acknowledged that he had not applied the money borrowed in Europe agreeably to the legal appropriations of the President. That he had acknowledged his having drawn to this country, and applied in Europe to uses for which other moneys were appropriated, three millions of dollars. That he had acknowledged his having drawn from Europe more money than the law authorized him to do. That he was influenced to do so by motives not contemplated by the law, and had either applied it, or drawn it from Europe, with the design of applying it to uses not authorized, and that he had broken in upon the fund appropriated for the discharge of the French debt.”

Before I read this speech I had carefully perused the different communications made by the Secretary of the Treasury to the House of Representatives, and after reading it I was led to revise them. The result has been that I have found all these assertions attributed to Mr. Findley either direct untruths or palpable misrepresentations, and I challenge Mr. Findley or any of his friends to produce the passages which will warrant them. The truth is, that Mr. Findley has palmed upon the Secretary his own reasonings and inferences for points conceded by him. The commentary has been substituted for the text.

Observer.

[1]The speech of Mr. Findley, here referred to, was made March 1, 1793, and this reply probably appeared immediately afterwards, but I have not been able to discover in what newspaper it was published.


Posting the entire Works of Alexander Hamilton is a project of Steven Montgomery. I’m posting these as a way to read and digest the works of Alexander Hamilton. The reader could profit by following along daily.

Advertisements

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: