The Works of Alexander Hamilton |
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Author:
| Hamilton, Alexander |
ISBN: | 978-0-217-64878-3 |
Publication Date: | Aug 2009 |
Publisher: | General Books LLC
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Book Format: | Paperback |
List Price: | USD $21.51 |
Book Description:
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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: NATIONAL BANK HAMILTON TO ROBERT MORRIS, 1780 Sir: ?The present conjuncture is by all allowed to be peculiarly critical. Every man of reflection employs his thoughts about the remedies proper to be applied to the national disorders; and every one, from a partiality to his own ideas, wishes to convey them...
More DescriptionPurchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: NATIONAL BANK HAMILTON TO ROBERT MORRIS, 1780 Sir: ?The present conjuncture is by all allowed to be peculiarly critical. Every man of reflection employs his thoughts about the remedies proper to be applied to the national disorders; and every one, from a partiality to his own ideas, wishes to convey them to those who are charged with the management of affairs. The channel of the public papers, commonly made use of for the purpose, appears to me exceptionable on several accounts. It not onlyrestrains a freedom of discussion, from the extreme delicacy of the subject, but the discussion itself increases the evil, by exposing our weak sides to the popular eye, and adding false terrors to those well-founded apprehensions which our situation authorizes. 1 This letter was written while Hamilton was still serving in the Revolutionary army. The struggle for independence was in danger of being wrecked by financial difficulties and Robert Morris had just undertaken those labors which, by his skill and energy, saved the cause of the Colonies. Hamilton, with his mind running on questions of government and finance, and satisfied that civil, political, and financial measures were really more essential than even military campaigns, desired most earnestly to help Morris, whom he greatly liked and respected. This letter was the result; a very extraordinary performance for a young man of twenty-three, whose life had been spent in college and camp. The natural genius of the financier and statesman shine out strongly. This is in fact the first of the arguments which led to the foundation of the national banking system of the United States. The others follow. Nothing has been omitted except a draft of a charter for the Bank of New York, 1786, and one of a charter for the Merchants' Bank of New...