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Two documents from Alexander Hamilton...
Two documents from Alexander Hamilton...
Item # 701740
January 20, 1790
GAZETTE OF THE UNITED STATES, New York, Jan. 20, 1790
* Alexander Hamilton documents
* "Report on the Public Credit"
Over half of page 2 is taken up with: "Summary View of the Report of the Secretary of the Treasury..." submitted to the House on January 14.
This is a very notable report--this being s "summary view" of a very lengthy document--concerning the topic of public credit. The full document is considered one of the greatest American state papers. It laid the groundwork for Hamilton's campaign to restore the credit of the United States & define the role of the federal govt. in the new Union.
It was also the catalyst for the creation of opposing political parties in the bitter debate that ensued over Hamilton's proposals. Much of our political & governmental system springs from this document.
Page 3 has various reports from: "Congress - House of Representatives" which includes a letter signed in type: Alexander Hamilton, Secretary of the Treasury.
Four pages, slightly irregular at the blank spine margin from disbinding, nice condition.
AI notes: Alexander Hamilton’s landmark “Report on the Public Credit,” submitted to Congress on January 14, 1790, laid out his sweeping plan to stabilize the young nation’s finances by fully funding federal debt, assuming the remaining state Revolutionary War debts, and establishing the creditworthiness of the United States at home and abroad. Hamilton argued that honoring all existing obligations at face value—even those held by speculators—was essential to proving that the new government would meet its commitments, which in turn would attract investment, strengthen the national economy, and bind the states more tightly to the federal system. The report also recommended creating a reliable system of revenue through customs duties and excise taxes and envisioned public credit as a powerful engine for national development. Though fiercely opposed by figures like James Madison and Thomas Jefferson, Hamilton’s proposals—adopted after a series of political compromises—became a cornerstone of early American fiscal policy and helped lay the foundation for a modern financial state.
Category: The 1600's and 1700's
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