[Archibald McIntyre] to MVB, 22 February 1815
Your letter of yesterdays 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 a provision to authorize his Excellency the Governor to obtain from the General Government payment in Stock or otherwise for all such
those expenditures of the State during the War as are in his opinion properly chargeable to the United States.
Draft answer to a Letter from M.
V. Buren, Chm. Com: Ways & Means
of Senate, on subject of a Loan to the
Genl. Govt. Feb: 23. 1815