[Washington and His Colleagues by Henry Jones Ford]@TWC D-Link book
Washington and His Colleagues

CHAPTER III
21/23

Other important measures followed, but none of them met with difficulties which the Administration could not overcome by ordinary methods of persuasion and appeal.

A national bank was authorized by an act approved on February 25, 1791.
Hamilton's famous report on manufactures, a masterly analysis of the sources of national wealth and of the means of improving them, was sent to Congress on December 5, 1791.

Upon his recommendation Congress established the mint, the only point which excited controversy being Hamilton's proposal that the coins should be stamped with the head of the President in whose administration they were issued.

This suggestion was rejected on the ground that it smacked too much of the practice of monarchies.

The queer totemistic designs of American coinage are a consequence of this decision.
The formation of national government by voluntary agreement is a unique event.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books