Important letter from the longtime Secretary of the Treasury, addressed to bankers Prime, Ward & Sands, Thos. & Jno. Biddlen and Charles King, explaining why he was awarding a loan to the Bank of the United States rather than to a group of other bankers, who had protested. He goes into great details regarding rates of interest and total value. The postscript notes that the President has approved of his course of action. An interesting insight into the financial machinations that were of prime political import in the early decades of our nationhood, as they are increasingly today.