▁the ▁event , ▁the ▁" d inner " ▁was ▁a ▁private ▁meeting ▁between ▁Secretary ▁of ▁the ▁Tre as ury ▁Alexander ▁Hamilton ▁and ▁U . S . ▁House ▁of ▁Representatives ▁member ▁James ▁Mad ison . ▁Short ly ▁after ▁the ▁Ass umption ▁Bill ▁failed ▁for ▁a ▁second ▁time ▁in ▁June ▁in ▁the ▁House , ▁Hamilton , ▁desp air ing ▁that ▁his ▁financial ▁plan ▁would ▁be ▁sc utt led , ▁appe aled ▁to ▁the ▁newly - app oint ed ▁Jefferson ▁to ▁apply ▁his ▁influence ▁on ▁the ▁matter . ▁According ▁to ▁Jefferson ' s ▁account , ▁he ▁arranged ▁the ▁dinner ▁for ▁the ▁two ▁officials ▁at ▁his ▁residence ▁in ▁New ▁York ▁City ▁on ▁or ▁about ▁June ▁ 2 0 , ▁ 1 7 9 0 . ▁The ▁meeting ▁produced ▁a ▁political ▁settlement ▁on ▁the ▁" ass umption " ▁and ▁" res iden cy " ▁crisis . ▁ ▁Jefferson ▁described ▁the ▁encounter ▁between ▁the ▁men ▁at ▁his ▁lod g ings ▁in ▁New ▁York ▁City : ▁▁ ▁The ▁key ▁provision ▁of ▁Secretary ▁Hamilton ' s ▁First ▁Report ▁on ▁the ▁Public ▁Cred it ▁won ▁appro val ▁with ▁the ▁passage ▁of ▁the ▁Ass umption ▁Act , ▁establish ing ▁the ▁foundation ▁for ▁public ▁credit . ▁The ▁Res idence ▁Act ▁resulted ▁in ▁the ▁permanent ▁U . S . ▁capital ▁being ▁located ▁in ▁the ▁agr arian ▁states ▁of ▁Maryland ▁and ▁Virginia , ▁the ▁dem ographic ▁center ▁of ▁the ▁country ▁at ▁the ▁time , ▁rather ▁than ▁in ▁a ▁metropol itan ▁and ▁financial ▁center ▁such ▁as ▁New ▁York ▁City ▁or ▁Philadelphia . ▁Jefferson ▁and ▁Mad ison ▁secured