GEN. HAMILTON'S LETTER.
{"character_count": 1646, "word_count": 300, "ccnet_language_score": [0.9247000217437744], "ccnet_perplexity": [1722.5999755859375], "fasttext_language": ["en"]}
LONDON, CepttIllUcI y, lO4~.
To the Hon. John C.. Calhoun:


My DEAR SIR:-IfI have addressed this
letter to you, it is not alone from the justifica-
tion which | find in the recollections of an
old and cherished friendship, but from the
fact that desire to attract the 5ublic atten
ton TO its object. through the instrumentality
of name far more influential :han my own
Be not surprised if you see it first in the
newspa pers. / wish not only 'to think a.
loud" but speak aloud.


My purpose in writing to you is to put
you in possession of knowledge OF the con-
dition of the American credit in Earope,
with suggestion of the indispensable neces-
sity of our doing something at home to meet
the truly alarming crisis. which this state OF
things presents.


lam far from defending the profuse conf
dence with which European capitalists lent
their money during period of six years from
1884 TO IS4O, to our countrymen, even on
the faith Of a variety Of schemes, exceeding
ly visionary and unsound. They did this,
however. out Of the excess Of virtue which
may have been pushed to the extent of rath-
er an amiabIe than criminal weakness; for
they generally made these loans at less
rate Of interest than they could Be effected, II
at all. At home. and apparently FOR objects d
great public utility. But lhG leans Of the
States stand on = different footinp. AT leaa
IN reference - the public sanctions with
which they are inyezled They were made
accordiae 70 yoof reoilinos nnl mine s. ths
Constituii0n. q scvsrcirSS ,luiler "a ellio.
lions of ! high puklie EitE MANY 81 hen
we're eensrsSael - lllIIs rss1lv s'i;sosa
ose<Iaru1 - - ~ - g 3 : zfs e -