Seth Kaller, Inc.

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INV-24625 ALEXANDER HAMILTON Autograph Manuscript Draft, to Théophile Cazenove, c. May 19, 1796. 2+ pp. 1796-05-09

It is manifestly the interest of the parties concerned to avail themselves of this act. They are now intirely at the discretion of the Government....

New York adhered to the common-law prohibition against foreigners owning land. If a citizen purchased property in his own name but the money came from a foreigner, the purchaser was considered a trustee, and the State could seize the property. But Dutch investors, second only to France in their aid to America during the Revolution, invested heavily in American stocks, bonds, and western lands, working largely through their agent Théophile Cazenove.

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