Secretary of the Treasury Alexander Hamilton informs President Gulian Verplanck (1751-1799) and the directors of the Bank of New York, an institution he helped to found in 1784, that collectors of three New York and New Jersey ports would no longer receive their bank’s notes in exchange for specie. Those port collectors were John Lamb (1735-1800) of New York City; Henry Packer Dering (1763-1822) of Sag Harbor, on Long Island, New York; and John Halstead (1729-1813) of Perth Amboy, New Jersey.
