▁below ▁ 1 0 0 %, ▁but ▁they ▁were ▁paid ▁the ▁face ▁value ▁of ▁the ▁state ▁deb ts ▁they ▁held ▁regardless ▁of ▁how ▁little ▁they ▁had ▁paid ▁for ▁them . ▁When ▁Jefferson ▁became ▁president , ▁he ▁continued ▁the ▁system . ▁The ▁credit ▁of ▁the ▁U . S . ▁was ▁solid ly ▁established ▁at ▁home ▁and ▁abroad , ▁and ▁Hamilton ▁was ▁successful ▁in ▁signing ▁up ▁many ▁of ▁the ▁bond hold ers ▁in ▁his ▁new ▁Federal ist ▁Party . ▁Good ▁credit ▁allowed ▁Jefferson ' s ▁Tre as ury ▁Secretary , ▁Albert ▁Gall atin , ▁to ▁borrow ▁in ▁Europe ▁to ▁fin ance ▁the ▁Louisiana ▁P urchase ▁in ▁ 1 8 0 3 , ▁as ▁well ▁as ▁to ▁borrow ▁to ▁fin ance ▁the ▁War ▁of ▁ 1 8 1 2 . ▁ ▁In ▁popular ▁culture ▁The ▁comprom ise ▁is ▁dram at ized ▁in ▁the ▁musical ▁Hamilton ▁by ▁Lin - Man uel ▁Mir anda ▁in ▁the ▁song ▁" The ▁Room ▁Where ▁It ▁H app ens ", ▁which ▁tells ▁the ▁story ▁from ▁the ▁perspective ▁of ▁A aron ▁B urr . ▁ ▁See ▁also ▁ ▁First ▁Report ▁on ▁the ▁Public ▁Cred it ▁ ▁Res idence ▁Act ▁ ▁References ▁ ▁S ources ▁Bro ck , ▁W . R . ▁ 1 9 5 7 . ▁The ▁Ide as ▁and ▁In flu ence ▁of ▁Alexander ▁Hamilton ▁in ▁Ess ays ▁on ▁the ▁Early ▁Republic : ▁ 1 7 8 9 – 1 8 1 5 . ▁Ed . ▁Leonard ▁W . ▁Le vy ▁and ▁Carl ▁Si rac usa . ▁New ▁York : ▁Hol