First Bank of the United States.
Alexander Hamilton, the first Secretary of the Treasury, was a great admirer of England, and all her institutions. He knew the close and intimate connection between the Bank of England and the British Treasury; and he was well acquainted with the important aid which his friend Morris had derived, while acting as Superintendent of Finance, from the Bank of North America.
Congress at its first session, under the federal constitution, was occupied with providing a public revenue, and funding the public debt. At the second session, Mr Hamilton brought forward his plan for a Bank of the United States.
It was proposed that the capital of this Bank should be ten millions of dollars, one fifth to be taken by the United States. The remainder was to be divided among individual subscribers, who were to be allowed to pay three fourths of their subscriptions, in certificates of the funded
- Continuation of the History of the Bank of England. Stoppage and Resumption of Specie Payments.
- Continuation of the History of English Private Banks. Joint Stock Banks.
- First Bank of the United States.
- Second Bank of the United States. Resumption of Specie Payments.
- Continuation of the History of American Banks.
- Present State of American Industry and Trade.
- New Theory of Banking,
- Of a National Bank.