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N08811

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Lot 326
  • 326

(Hamilton, Alexander)

Estimate
3,000 - 4,000 USD
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Description

  • paper and ink
The Secretary of the Treasury Having Attentively Considered the Subject Referred to Him ... Relatively to the Establishment of a Mint, Most Respectfully Submits the Result of His Enquiries and Reflections. [Philadelphia]: Francis Childs and John Swaine, [1791]



Folio 12 x 7 1/2 in.; 305 x 190 mm).  22 pages additionally numbered by hand 56–65 and evidently removed from a sammelband; some pencil inscriptions  and rust spots at head of first page, staining on pages 17–22, tissue applied to p. 20 touching 15 lines of text, marginal repairs to p. 21. Modern quarter calf over marbled boards.

Literature

Evans 23920

Condition

Folio 12 x 7 1/2 in.; 305 x 190 mm). 22 pages additionally numbered by hand 56–65 and evidently removed from a sammelband; some pencil inscriptions and rust spots at head of first page, staining on pages 17–22, tissue applied to p. 20 touching 15 lines of text, marginal repairs to p. 21. Modern quarter calf over marbled boards
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.

Catalogue Note

One of Hamilton's most  brilliant fiscal papers requested  by Congress in 1790. In the present report he outlines what sort of units of money should be issued, the proportion of gold to silver coins, the true weights and alloys of the coinage, sizes and denominations, and finally the actual personnel of the Mint. Hamilton's report was almost completely adopted when the Mint officially opened in the spring of 1792. Washington lodged the Mint under Jefferson's jurisdiction at State. Unfortunately Jefferson ran the Mint poorly. Hamilton tried in vain "to arrange a swap whereby the post office would go to State in exchange for the mint coming under Treasury control, where it belonged" (Chernow, Alexander Hamilton, pp. 336–337).