Name/Title
Letter from Robert Troup to Alexander HamiltonEntry/Object ID
HHV 007.7Description
Letter from Robert Troup to Alexander HamiltonSubject
Special authority given to those who represent the original holders of bank shares. Fluctuation of stock value, bank shares, directors, money, public credit, jobbers, Brockholst stands, bubble first brokeSubject Person/Organization
Robert Troup, Alexander Hamilton, Henry Brockholst LivingstonSubject Place
* Untyped Subject Place
New YorkCollection
Duer Manuscript CollectionTranscription
[PAGE 1]
12 Sep. 1791
My dear friend
I have rece.d your faver respecting / the special authority necessary to be given / to those who represent the original holders / of Bank Shares in the choice of / Directors and have done asyou / requested. The speculators in these / shares have been prodigious & much / money hasbeen made & lost by them. / The fluctuations in their value have / excited alarm in the minds of the / well wishers to public credit at / lending to exhibit an unsound state / of our finances. The truth is that the / fluctuations are principally owing / to the arts & contrivances of there / jobbers & amongst these our / friend Brockholst stands in / the foremost rank. A few days / ago acursed scheme of depression was planned & executed under his immediate patronage as is univer- / sally
[END OF PAGE 1]
[PAGE 2]
said & believed - It frightened / the Directors of our Bank & seriously / injured many personsamongst / whom are some of Brockholst’s / particular friends _ The current / has since taken a contrary direction / but it is conjectured will not / carry the shares to as high a value / as they have generally been at since / the bubble first broke _ By the by / our friend Brockholst some how or / other has an unfortunate [story] / eternally pursuing him - And / as he rises in fortune he appears / to sink in reputation _ His last / maneuver has occasioned a separation / between him & several who were / his warmest supporters. Duer on the / contrary is mounting fast above / him _ The basis of his conduct / as a speculator is frankness & I / have not heard him ever suspected here
[END OF PAGE 2]
[PAGE 3] of any dishonorable combination / or of any stratagem to deceive. / _ so that he really stands amongst / us upon better ground in point of / character than ever. There is between / him & me an amnesty of all past / bickering & I mean to do every thing / in my power to promote his election. / I have already formed some arrang- / ments upon this subject & am pre- / paring the way generally for him_ / The event is certainly doubtful / but I hope & am determined to hope / for the best. Pray write an answer / to the enclosed letter by the frist post / _ I wish you to be careful of what / you say with respect to the specula- / tions in paper _ the value of / stock etc _ You have been quoted / upon some occasions for the purposes / of mere jobbing. God bless you / YoursRob Troup
[END OF PAGE 3]
[ADDRESS] A Hamilton Esq’re
[END OF LETTER]Other Names and Numbers
Other Numbers
Number Type
Former NumberOther Number
H 3005Number Type
Former NumberOther Number
D 3005General Notes
Note Type
DepartmentNote
Library
