Florida 20th Feb 1832
My dear Henry
On returning home from
Court on Saturday evening I found
in the Albany Journal your speech
on the resolution opposing the UNS
Bank. I have previously seen and
heard productions of yours that
were calculated to warm a fathers
heart. But I am constrained to say
that they were shadows compared
with this and that whatever length
party views may go to I think
the public will award it that much
of praise to which it is intitled.
I see that Mr Maynard has instead used
a bill to reduce the rate of Interest
to six percent. It will not be denied that
money has been plenty for a year past but
it is equally as certain that it is now
geting scarse, and from the expereance
I have had in monied matters I am fully
satisfied that less pressure frauds and inconve-
niance Would take place to the Debtor & Doctor
at 7 than at 6 percent. Large and Heavy Sums
may be profitably loaned at from 4 to 6
percent. But in the Country whence
the borrowers are poor Want small sums
and to pay by still smaller enstawlment
and protracted time 7 perc^t is as low as

any honest man (and not a shaver) can
afford to meet the conveniances of the
country for. I have been some acquainted with
this business for 20 years have never closed
but three mortgages. And as far as my business
extends I know the borrowers are well satisfied
with the 7 perc^t loans and I am as sure that
I could not afford it under. If this should
meet your views of the subject I earnestly
hope you and your friends would
oppose a subject which would be calculated
to [ though ] the country into so much difficulty
and congestion Yours AffectionatelySaml S. Seward
WH Seward Esqr
William H. Seward EsquireIn SenateAlbany
SSSeward
PM Florida
hSaml. S. SewardFeb 20, 1832