Jeniffer electronic book

It will be instructive,
consequently, to examine the trend of this Hamiltonian policy, and seek
to discover wherein it started the country on the right path, and
wherein it sought to commit the national government to a more dubious
line of action.
Hamilton's great object as Secretary of the Treasury was that of making
the organization of the national finances serve the cause of a
constructive national policy. He wished to strengthen the Federal
government by a striking exhibition of its serviceability, and by
creating both a strong sentiment and an influential interest in its
favor. To this end he committed the nation to a policy of scrupulous
financial honesty, which has helped to make it ever since the mainstay
of sound American finance. He secured the consent of Congress to the
recognition at their face value of the debts incurred during the war
both by the Confederacy and by the individual states. He created in the
National Bank an efficient fiscal agent for the Treasury Department and
a means whereby it could give stability to the banking system of the
country.


Pages:
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93