R.W. Julian submitted this reply regarding Alexander Hamilton, the Gold/Silver Ratio, and the recoinage of Spanish silver. Thank you. -Editor

By the Secretary of the Treasury of the United States

In pursuance of the Authority to me committed by the Act of Congress passed on the second Day of April 1792 entitled an Act establishing a Mint & regulating the coins of the United States and the Act passed on the ninth Day of Feby 1793 entitled an Act regulating foreign Coins & for other purposes I do hereby authorise & empower The President & Directors of the Bank of the United States, in manner following, to wit:

That the said President & Directors advance to the Treasurer of the Mint of the United States, pursuant to Requisitions in his favor to be made by the Director of said Mint, any sum not exceeding ten thousand Dollars in foreign Gold & Silver Coins, except Spanish milled Dollars & parts of such dollars.

On the repayment of the whole or any part of the said advance of ten thousand Dollars, not being less than three thousand Dollars in Coins of the United States, the said President & Directors may advance a further Sum, equal to the said repayment, on Requisitions of the Director of the Mint as aforesaid.