Coinage and the Mint: Hamilton to Jefferson, June 21, 1791



Alexander Hamilton was a Founding Father, soldier, economist, political philosopher, one of America’s first constitutional lawyers and the first United States Secretary of the Treasury.

Alexander Hamilton was a Founding Father, soldier, economist, political philosopher, one of America’s first constitutional lawyers and the first United States Secretary of the Treasury.

Alexander Hamilton: The Works of Alexander Hamilton, Volume 4


Coinage and the Mint: Hamilton to Jefferson, June 21, 1791


Treasury Department
June 21, 1791

Sir:

It has occurred to me that it would be productive of very useful information, if some officer of the United States, in each foreign country where there is one, were instructed to transmit occasionally a state of the coins of the country, specifying their respective standards, weights, and values; and, periodically, a state of the market prices of gold and silver in coin and bullion, and of the rates of foreign exchange; and of the rates of the different kinds of labor, as well that employed in manufactures and in tillage.

I would beg leave to request, if there appears to you no inconvenience in the thing, that an instruction may be sent for the above purpose, and that copies of the statements which shall from time to time be received in consequence of it may be furnished to the treasury.


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.
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