It is evident from the published and unpublished papers of Hamilton that at an early date in 1801, when he was devoting all his spare time to the hopeless State campaign, he was giving thought to the problem of improving the party press. He wrote Senator Bayard of Delaware a letter upon party policy, to be presented at the Federalist caucus in Washington on April 20. In it he gave a prominent place to the necessity for “the diffusion of information,” both by newspapers and by pamphlets. He added that “to do this a fund must be raised,” and proposed forming an extensive association, each member who could afford it pledging himself to contribute $5 annually for eight years for publicity. Hamilton’s fingers whenever he was in a tight place always itched for the pen. Noah Webster had withdrawn from the Minerva three years previous, while Fenno had died about the same time, leaving the Gazette of the United States to a son; so that Hamilton could no longer feel at home in these journals.

But if a Hamiltonian organ were started, who should be editor? Fortunately, this question was easily answered. To the party motives which Hamilton, Troup, Wolcott, and other leading Federalists had in setting up such a journal, at this juncture there was added a motive of friendship toward an aspirant for an editorial position. In 1798, there had been admitted to the New York bar a penniless lawyer of thirty-two from Greenfield, Massachusetts, named William Coleman. He had come with a record of two years’ service in the Massachusetts House, an honorary degree from Dartmouth College, and warm recommendations from Robert Treat Paine, a signer of the Declaration of Independence who at this time was a judge of the Massachusetts Supreme Court. After a brief and unprofitable partnership with Aaron Burr, a misstep which he later declared he should regret to his dying day, Coleman formed a partnership with John Wells, a brilliant young Federalist attorney. Wells was just the man to draw Coleman into intimacy with the Federalist leaders. He was a graduate of Princeton, a profound student of the law, was rated by good judges one of the three or four best speakers of the city, and was a member of the “Friendly Club,” an important literary society. Governor John Jay offered him a Justiceship of the Peace, and Hamilton trusted him so much that, in 1802, he selected him to edit the first careful edition of The Federalist, for which Hamilton himself critically examined and revised the papers.

Through Wells, in 1798–99 Coleman came to know the members of the “Friendly Club,” including W. W. Woolsey, the novelist Charles Brockden Brown, the dramatist William Dunlap, Anthony Bleecker, and James Kent, later Chancellor. He had already met Hamilton, on the latter’s trip into New England in 1796, and now he fell completely under the great man’s spell. In his later life he dated everything from the beginning of their friendship. The two had much in common besides their political views, for Coleman possessed a dashing temper, a quick mind, and a ready bonhomie. In the spring of 1800, there took place in New York the famous trial of Levi Weeks, charged with murdering Gulielma Sands, a young girl, and throwing her body into one of the Manhattan Company’s wells; a trial in which Hamilton and Burr appeared together for the defense, and saved Weeks from conviction by a mass of circumstantial evidence. Coleman, a master of shorthand, immediately published a praiseworthy report of the trial. One of his political enemies admitted that “it is everywhere admired for its arrangement, perspicuity, and the soundness of judgment it displays.” Coleman was encouraged to plan a volume of reports of decisions in the State Supreme Court. At that moment the Clerkship of the Circuit Court fell vacant. Hamilton at once wrote Governor John Jay and also Ebenezer Foote, a member of the Council of Appointment, requesting that the place, which paid $3,000 a year, be given his friend Coleman. There was another candidate with a really superior claim, but he was passed by. Governor Jay announced the result in the following hitherto unpublished letter to Hamilton:

Mr. Coleman, who was yesterday appointed Clerk of the New York Circuit, will be the bearer of this. Mr. Skinner was first nominated—for where character and qualifications for office are admitted, the candidate whose age, standing, and prior public service is highest should, I think, take the lead; unless perhaps in cases peculiarly circumstanced.—Mr. Skinner did not succeed. Mr. Coleman was then nominated, and the Council, expecting much from his reports, and considering the office as necessary to enable him to accomplish that work, advised his appointment. Mr. Coleman’s embarrassments, and whatever appeared to me necessary to observe respecting the candidates, were mentioned antecedent to the nomination. My feelings were in Coleman’s favor, and had my judgment been equally so, he would have suffered less anxiously than he has. I mentioned your opinion in his favor; and I wish the appointment may be generally approved. Ten or eleven of the members recommended Mr. Skinner—some of them will not be pleased.

I hope Mr. Coleman will be attentive to the reports. Much expectation has been excited, and disappointment would produce disgust. It is, I think, essential to him that the work be prosecuted with diligence, but not with haste; and that they may be such as they already hope.

But in the general overturn of 1801, Coleman—who had duly commenced the compilation of the Supreme Court Law Reports, beginning with 1794, and whose labors later bore fruit in what is called Coleman and Caines’s Reports—lost his post. He could have resumed practice with Wells, who also lost his justiceship in the ten-pound court. But the bar was overcrowded, having about a hundred members in a city of 60,000, and Coleman had starved at it before. While a lawyer in Greenfield, he had established the first newspaper there, the Impartial Intelligencer, and had written for it, and he had then half formed an ambition to conduct a newspaper in New York. Far from having any money of his own, he had been left deep in debt by his participation in the unfortunate Yazoo speculation in Georgia lands. But he knew that the party leaders were thinking of the need for a better Federalist newspaper, and he stepped forward to offer his assistance in establishing one.

During the spring Coleman was busy campaigning for Stephen Van Rensselaer, Federalist candidate for Governor, who happened to be Hamilton’s brother-in-law, and for the Assembly ticket. The American Citizen repeatedly commented on his activity; on April 22, it predicted that this “seller of two-pence halfpenny pamphlets, this sycophantic messenger of Gen. Hamilton ... will at one time or another receive a due reward.” During probably May and June, in consultations among Hamilton, Wells, Mayor Varick, Troup, Woolsey, a Commissioner of Bankruptcy named Caleb S. Riggs, and Coleman, the plan of the Evening Post was drafted. Woolsey had married a sister of Theodore Dwight, the editor of the Connecticut Courant at Hartford, and wished Dwight placed in charge, but he finally acquiesced in entrusting the new enterprise to Coleman.

A founders’ list was secretly circulated among trusty Federalists, and signers were expected to contribute a minimum of $100. The initial capital required was probably not much in excess of $10,000. A Baltimore newspaper, the Anti-Democrat, was established at this time by Judge Samuel Chase, Robert Goodloe Harper, and other Federalists, for $8,000. Hamilton’s adherents, who included almost the whole commercial group of New York, were wealthy; and Hamilton himself, liberal to a fault with his large income, probably offered not less than $1,000. Besides the names already listed, we know of some other men who contributed, as the merchant, Samuel Boyd, and the dismissed Collector, Joshua Sands. Coleman told the poet Bryant, his successor, that Archibald Gracie, one of the richest and most dignified merchants, had assisted, and a tradition in the family has it that the Evening Post was founded at a meeting in the Gracie home. The American Citizen of the time declares that a certain auctioneer—perhaps Leonard Bleecker, perhaps the elder Philip Hone, perhaps James Byrne—“contributed largely.” These men did not present the money outright, but vested the property in Coleman, who gave his notes in return; unfortunately, he was never able to meet them, and before 1810 all his American creditors, as one of his friends states in a letter of that year, “signed his discharge without receiving anything.” The project was rapidly matured. “In a moment thousands of dollars were raised,” wrote Cheetham. During the summer of 1801 a fine brick office was made ready on Pine Street, and about the beginning of November would-be readers were asked to enter their subscriptions.

The initial subscribers numbered about 600, and among the names entered in the journal’s first account book, which was unfortunately lost years ago, were the following:

Daniel D. Tompkins, 1 Wall Street
John Jacob Astor, 71 Liberty Street
Garrett H. Striker, 181 Broadway
Henry Doyer, Bowery Lane
Anthony Lispenard, 19 Park Street
Strong Sturges, 13 Oliver Street
Anthony Bleecker, 25 Water Street
Joel and Jonathan Post, Wall and William Streets
Isaac Haviland, 186 Water Street
John McKesson, 82 Broadway
Matthew Clarkson, 26 Pearl Street
Nathaniel L. Sturges, 47 Wall Street
Philip Livingston, Yonkers
Philip Hone, 56 Dey Street
R. Belden, 153 Broadway
Col. Barclay, 142 Greenwich Street
John Cruger, 30 Greenwich Street
Anthony Dey, 19 Cedar Street
Robert Morris, 33 Water Street
Robert Thorne, 2 Coenties slip
Isaac Ledyard, 2 Pearl Street
James Carter, 195 Greenwich Street
Cornelius Bogert, 24 Pine Street
Grant Thorburn, 22 Nassau Street
Philip L. Jones, 74 Broadway
Robert Swarthout, 62 Water Street

In the first issue, Nov. 16, 1801, appeared a prospectus which may have been written by Coleman alone, but is more likely the product of his collaboration with Hamilton. Every reader looked first to see what was said of party affairs. The editor promised to support Federalism, but without dogmatism or intolerance; he declared his belief “that honest and virtuous men are to be found in each party”; and he made it clear that the columns would always be open to communications from Democrats. Merchants were assured that special attention would be paid to whatever affected them, and that the earliest commercial information, which in those days meant chiefly arrivals and sailings of ships, would be obtained. Newspaper exchanges, and current pamphlets, magazines, and reviews would be searched for whatever was most informing and entertaining. Letter-writers were asked not to enclose their names, a bad rule which Coleman soon found it expedient to abrogate. Prominent in the prospectus was the paragraph still carried at the head of the Evening Post’s editorial columns: