From Wikipedia:

Hale has long been considered an American hero and, in 1985, he was officially designated the State Hero of Connecticut.
Visit the official Nathan Hale website for more information.
Background
Hale was born in Coventry, Connecticut. In 1769, when he was fourteen years old, he was sent with his brother Enoch to Yale University. The Hale brothers belonged to the Yale literary fraternity, Linonia, which debated topics in astronomy, mathematics, literature, and the ethics of slavery. Graduating with first-class honors in 1773, Nathan became a teacher, first in East Haddam and later in New London. After the Revolutionary War began in 1775, he joined a Connecticut militia and was elected first sergeant.
When his militia unit participated in the Siege of Boston, Hale remained behind, but, on July 6, 1775, he joined the regular Continental Army's 7th Connecticut Regiment under Colonel Charles Webb of Stamford. He was promoted to captain and in March 1776, commanded a small unit of Lt. Col. Thomas Knowlton's Rangers defending New York City. They managed to rescue a ship full of provisions from the guard of a British man-of-war.
Espionage
During the Battle of Long Island in August and September 1776, which led to the British capture of New York City, via a flanking move from Staten Island across Long Island, Hale volunteered to go behind enemy lines to report on British troop movements.
Sometime in September, he landed on the north shore of Long Island at what is now called Halesite, New York, on Huntington Bay.
He disguised himself as a Dutch schoolteacher, carrying his Yale diploma to prove his credentials.
During his mission, New York City (then the area at the southern tip of Manhattan around Wall Street) fell to British forces and Washington was forced to retreat to the island's northern tip in Harlem Heights (what is now Morningside Heights). On September 21, a quarter of the lower portion of Manhattan burned in the Great New York Fire of 1776. The fire was later widely thought to have been started by American saboteurs to keep the city from falling into British hands, though Washington and Congress had already rejected this idea. It has also been speculated that the fire was the work of British soldiers (possibly drunk) acting without orders, intending to punish and/or intimidate any remaining Patriots in the city -- with unintended consequences, however. In the fire's aftermath, more than 200 American partisans were rounded up by the British.
An account of Nathan Hale's capture was written by Consider Tiffany, a Connecticut shopkeeper and Loyalist, and obtained by the Library of Congress. In Tiffany's account, Major Robert Rogers of the Queens Rangers met Hale in a tavern and saw through his disguise. After luring Hale into betraying himself by pretending to be a patriot himself, Rogers and his Rangers apprehended Hale near Flushing Bay, in Queens, New York.
British General William Howe had his headquarters in the Beekman House in a rural part of Manhattan, on a rise between 50th and 51st Streets between First and Second Avenues.Hale reportedly was questioned by Howe and physical evidence was found on him. Rogers provided information about the case. According to tradition, Hale spent the night in a greenhouse at the mansion.
According to the standards of the time, spies were hanged as illegal combatants. On 22 September 1776, Hale was marched along Post Road to the Park of Artillery, which was next to a public house called the Dove Tavern (at modern day 66th Street and Third Avenue), and hanged. He was 21 years old. The executioner was the former slave and loyalist Bill Richmond, who later became famous as a boxer in Britain.
The speech
By all accounts, Hale comported himself eloquently before the hanging. But it is not clear if he specifically uttered the famous line:
"I only regret that I have but one life to lose for my country."
The story of Hale's famous speech began with John Montresor, a British soldier who witnessed the hanging. Soon after the execution, Montresor spoke with American officer William Hull about Hale's death. Later, it was Hull who widely publicized Hale's use of the phrase. Because Hull was not an eyewitness to Hale's speech, some historians have questioned the reliability of the account.
If Hale did give the famous speech, it is most likely he was actually repeating a passage from Joseph Addison's play, Cato, an ideological inspiration to many Whigs:
How beautiful is death, when earn'd by virtue!
Who would not be that youth? What pity is it
That we can die but once to serve our country.
No official records were kept of Hale's speech. However, Frederick MacKensie, a British officer, wrote this diary entry for the day:
He behaved with great composure and resolution, saying he thought it the duty of every good Officer, to obey any orders given him by his Commander-in-Chief; and desired the Spectators to be at all times prepared to meet death in whatever shape it might appear.
It is almost certain that Nathan Hale's last speech contained more than one sentence. Several early accounts mention different things he said. These are not necessarily contradictory; rather, together they give us an idea of what the speech must have been like. The following quotes are all taken from George Dudley Seymour's "Documentary Life of Nathan Hale", published in 1941 by the author.
From the diary of Enoch Hale, Nathan's brother, after he went to question people who had been present, October 26, 1776: "When at the Gallows he spoke & told them that he was a Capt in the Cont Army by name Nathan Hale."
From the Essex Journal, February 13, 1777: "However, at the gallows, he made a sensible and spirited speech; among other things, told them they were shedding the blood of the innocent, and that if he had ten thousand lives, he would lay them all down, if called to it, in defence of his injured, bleeding Country."
From the Independent Chronicle and the Universal Advertiser, May 17, 1781: "I am so satisfied with the cause in which I have engaged, that my only regret is, that I have not more lives than one to offer in its service."
From the memoirs of Captain William Hull, quoting British Captain John Montresor, who was present and who spoke to Hull under a flag of truce the next day: “’On the morning of his execution,’ continued the officer, ‘my station was near the fatal spot, and I requested the Provost Marshal [the infamous William Cunningham] to permit the prisoner to sit in my marquee, while he was making the necessary preparations. Captain Hale entered: he was calm, and bore himself with gentle dignity, in the consciousness of rectitude and high intentions. He asked for writing materials, which I furnished him: he wrote two letters, one to his mother [almost certainly to his brother Enoch; the letter was never delivered, but Enoch heard of it from another American prisoner, John Wyllys, who knew Nathan. Cunningham had shown him the letter to taunt him] and one to a brother officer.’ He was shortly after summoned to the gallows. But a few persons were around him, yet his characteristic dying words were remembered. He said, ‘I only regret, that I have but one life to lose for my country.’”
William Hull, the only source for Hale's famous speech, is better known as the brigadier general who later surrendered the entire U.S. northwestern army to the British during the War of 1812.
Two early ballads also attempt to recreate Hale’s last speech. They are probably more imaginative than accurate, but are included here for completeness:
From Songs and Ballads of the Revolution, collected by F. Moore (1855), "Ballad of Nathan Hale" (anonymous), dated 1776: "’Thou pale king of terrors, thou life’s gloomy foe, Go frighten the slave; go frighten the slave; Tell tyrants, to you their allegiance they owe. No fears for the brave; no fears for the brave.’"
From "To the Memory of Capt. Nathan Hale" by Eneas Munson, Sr. written "soon after" Hale’s death:
"’Hate of oppression’s arbitrary plan, The love of freedom, and the rights of man; A strong desire to save from slavery’s chain The future millions of the western main, And hand down safe, from men’s invention cleared, The sacred truths which all the just revered; For ends like these, I wish to draw my breath,’ He bravely cried, ‘or dare encounter death.’ And when a cruel wretch pronounced his doom, Replied, ‘Tis well, --for all is peace to come; The sacred cause for which I drew my sword Shall yet prevail, and peace shall be restored. I’ve served with zeal the land that gave me birth, Fulfilled my course, and done my work on earth; Have ever aimed to tread that shining road That leads a mortal to the blessed God. I die resigned, and quit life’s empty stage, For brighter worlds my every wish engage; And while my body slumbers in the dust, My soul shall join the assemblies of the just.’”
Munson had tutored Hale before college, and knew him and his family well, so even though the particulars of this speech may be unlikely, Munson knew first hand what Hale’s opinions were.

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