YOUR letter of yesterday's date is before me. The proposed loan of $350,000 by the state to the general government, can only be made by first borrowing the amount on the credit of the state. But as the state tax for 1815 will be realized in the early part of the next year, I think this sum can be borrowed for the object contemplated, without any prejudice or embarrassment to the state.

Whilst writing, I beg you to permit me to suggest for your consideration, and for the consideration of the Committee of Ways and Means, the propriety of enacting a provision to auth[o]rise his Excellency the Governor to obtain from the general government, payment in stock or otherwise for all such expenditures by the state during the war, as are, in his opinion, chargeable to the United States.