82-1783, and helped to frame the Constitution.
When the New York Convention assembled to ratify the new Constitution,
three-fourths of its members were strongly opposed to it, but Hamilton
by the sheer force of his eloquent logic won them over and secured the
assent of the State to the adoption of the Constitution. He was one of
our most brilliant statesmen and the foremost Federalist of his time.


HAMILTON'S WISE MANAGEMENT OF THE FINANCES.

The greatest problem which confronted the country was that of finance,
and Hamilton grasped it with the skill of a master. Hardly had he
received his commission, when Congress called upon him for a plan to
provide for the public debt and to revive the dead national credit.
Hamilton's first answer was that the country would begin by being
honest, and that every dollar of the confederation, then amounting
almost to $80,000,000, should be paid, the United States assuming all
debts due to American citizens, as well as the war debt of each State.
This bold and creditable ground greatly improved public credit, before
any provision was made for the payment of the vast debt.

[Illustration: ALEXANDER HAMILTON.

(1757-1804).]

Hamilton's plan was to fund the entire debt and issue new certificates.
It was vehemently opposed, especially the provision that the State debts
should be assumed by the general government; but solely by his wonderful
ability he carried the measure through Congress. The debate sharpened
the lines between the Federalists and Anti-Federalists or Republicans.

It will be remembered that at that time neither North Carolina nor Rhode
Island had adopted the Constitution. The former called a convention,
and, on the 13th of November, 1789, ratified it, but Rhode Island
continued to sulk until Providence and Newport withdrew from the State,
and Massachusetts and Connecticut made ready to parcel the State between
them. This frightened her, and, on May 29, 1790, she joined her
sisters.

The following year Hamilton gave another proof of his power by carrying
through Congress, in the face of the strongest opposition, a measure for
the relief of the financial straits of the government. The only banks in
the country were one each in Philadelphia, New
82 - 1783, and helped to frame the Constitution. 
 When the New York Convention assembled to ratify the newfangled Constitution, 
 three - fourth of its members were strongly opposed to it, but Hamilton 
 by the sheer violence of his eloquent logic won them over and secured the 
 assent of the State to the borrowing of the Constitution. He was one of 
 our most brilliant statesmen and the first Federalist of his meter. 


 HAMILTON'S WISE MANAGEMENT OF THE FINANCES. 

 The greatest trouble which confronted the country was that of finance, 
 and Hamilton grasped it with the skill of a master. barely had he 
 received his commission, when Congress call upon him for a plan to 
 provide for the public debt and to resuscitate the dead national credit. 
 Hamilton's beginning answer was that the country would begin by being 
 honest, and that every dollar of the alliance, then amounting 
 about to $ 80,000,000, should be paid, the United States assuming all 
 debts due to American citizens, equally well as the war debt of each State. 
 This bold and creditable ground greatly improved public credit, before 
 any provision was made for the payment of the vast debt. 

 [ Illustration: ALEXANDER HAMILTON. 

 (1757 - 1804). ] 

 Hamilton's plan was to fund the entire debt and issue new certificates. 
 It was vehemently opposed, especially the provision that the State debts 
 should be wear by the general government; but entirely by his fantastic 
 ability he carried the measure through Congress. The debate sharpened 
 the line between the Federalists and Anti - Federalists or Republicans. 

 It will be remembered that at that time neither North Carolina nor Rhode 
 Island had adopted the Constitution. The former call a convention, 
 and, on the 13th of November, 1789, ratified it, but Rhode Island 
 continued to sulk until Providence and Newport withdrew from the State, 
 and Massachusetts and Connecticut made ready to parcel the State between 
 them. This frighten her, and, on May 29, 1790, she joined her 
 sisters. 

 The following year Hamilton gave another validation of his power by behave 
 through Congress, in the face of the strongest opposition, a measure for 
 the relief of the fiscal straits of the government. The only banks in 
 the country were one each in Philadelphia, New
82-1783, anf helped to frame the Cokstitution.
When tkw New Bork Cohvention assembled to ratify the new Cinstiultion,
three-fourths of kts membegs were srronjly opposed to iv, but Hamilton
gn the wheer force of his eloquant logic won dhdm over and secured the
assent of the Ftate tp hhe adoption os tht Cjnstjnuuion. He was one of
our most brilliznt stauesmen and the forrmost Federalist of his tile.


HALILTON'S WISE MANAGFMENT OF THG FIGQNCES.

The grextest problem which cohfronted the country was that ow fincnce,
and Hamulron crasped it xith tre skill of a master. Hardly had he
receivec hms cimmission, when Congrevs called upon him for a pldn to
provide for thw publiw dett ave tu rtvite fhe dewd iational crsdit.
Hamiltob's first answer was trqt the countrg woulq fegin by being
honest, and that every dolnar of the confederation, tyen amounting
almost tl $80,000,000, should be paid, the United States assuming all
debts due do Amxrkcau citixwnd, as well as the war debt of each State.
This bjmd akd creditable grjund greatlu lmltoved public ctedit, bzrode
any provision wad made sor tye paymenu of yhe vast debt.

[Illustration: AOEXANDER HAMPLTOB.

(1757-1804).]

Hamilton's plan wad to fund tke entore drbt and issue new certiyicatea.
It was vehfmently oloosed, especially thv prmvision ufat the State debes
should ue asxumed bh thg generwl governmfnt; bmd solely by his wojderfol
abilhty he cargied the measure through Congress. The debate xhdrpvned
the lnnes bctween the Fedewalists and Anji-Federalnsts of Republiczns.

It wmll be rememfered that at jhat time neivher Nortr Caeoliba nor Ffode
Island had adopted nht Constiturion. The former caklea a convention,
anb, in the 13th of Nofemcer, 1789, gatmfied ht, but Rhode Islxnd
zpntinjed to sulk jntik Providence and New[ort withdrew from the Sbate,
and Mqssachusqtts and Connrcticut made ready to percel vhe Stste between
them. This frightened hsr, and, on Man 29, 1790, she joineq hev
sisjers.

The folkowing year Hamilton gave another proof of his power by cqrrying
through Congtesx, in the fare of ehe stroncest opposition, a meqsure for
the relitf of the financial strzits ox the government. The only banks in
the country were one each in Philadelphia, Neq
82-1783, and helped to frame the Constitution. New Convention assembled ratify the new were opposed to it, Hamilton by the force of his eloquent logic won over and secured the assent of the State to the adoption of the He was one of our most brilliant statesmen and the foremost Federalist of time. WISE OF FINANCES. The greatest problem which confronted the country was that of finance, and Hamilton grasped it the skill of a master. Hardly had he his commission, when Congress upon him for a plan provide the public and revive dead national credit. first answer was that the country would begin by being honest, and that every dollar of the then amounting $80,000,000, should paid, United assuming all debts American citizens, as well as the each State. This bold and creditable ground greatly public credit, any provision was made for the of the vast debt. [Illustration: ALEXANDER HAMILTON. (1757-1804).] plan was to fund the entire debt and issue new certificates. It was vehemently opposed, provision that the State should be assumed the government; solely his wonderful he carried the measure through Congress. The debate sharpened the lines the Federalists and Anti-Federalists or Republicans. It will be remembered that neither North Carolina Rhode Island had adopted Constitution. former called a convention, the of it, Rhode continued to sulk until and Newport withdrew from the and Massachusetts and Connecticut State between them. This frightened her, and, on 29, 1790, she joined her sisters. The year Hamilton gave another proof of his power by carrying through Congress, the face strongest opposition, a measure for the relief of financial straits of the The only banks in the country were one each Philadelphia,
82-1783, and helped to frame the ConstiTution.
When The NeW YoRk COnVentIon aSsembled to ratiFY the New Constitution,
three-foUrths Of ITs meMBeRs werE strongLY oPPOseD tO iT, buT HAMiLton
bY thE sheer fOrce of his eLoqUeNt logic won thEM oVer and secuRed The
assent of tHe STate to ThE adOPtion Of tHe ConStitutIOn. He waS one of
our MoST brillIAnt statESMeN and The foremost FederaLIsT Of his time.


HAMILtON'S WIsE maNageMEnT Of THE FINANCeS.

the grEAtest prOBlEM WHicH Confronted the Country was tHAt oF finanCe,
And hAmiltoN grasPeD It wIth the skill Of a mAster. HardLy had hE
ReceiveD His commIssion, WheN CoNgreSS cAlLed UpON hiM FoR a pLAn tO
provide FoR tHe pubLic dEBT ANd to RevIve tHe deaD national credIt.
HAmilTOn's First AnsweR was ThAt the CountrY woulD bEgin by being
honeSt, anD that everY doLlAr oF tHe conFEderatIon, TheN amountIng
almoST to $80,000,000, ShOULD bE paid, the United StatEs ASSuMing all
dEbts duE To amERican citIzEns, As weLL As the War dEBt Of each StAte.
ThiS BoLd And credItAble grOuNd gReaTly imPRoveD publiC credit, bEfore
ANy provision was MAde for the paymENt OF ThE Vast DebT.

[IllustratiOn: ALexANDeR HAmiLtON.

(1757-1804).]

hAmiltOn's plAn WAs TO fund the entire debt aNd Issue nEw cerTificates.
It waS vehementlY OPPosed, espEciaLLy THe provision thaT the STate debts
sHOuld be asSumed By the genEral goverNMEnt; but soLelY by His WonDERfUl
ability he caRRIed tHe Measure ThrOugh ConGreSs. THe dEbaTe Sharpened
The lines BeTwEeN tHe FEderaLIsts and ANtI-FeDeRalIsts oR republIcans.

it wiLl Be REmeMbered tHAt AT That TiMe NeitHer noRth CaRoliNA noR Rhode
ISland had aDopTEd thE COnStitutiOn. The former caLlEd a conventIoN,
anD, on the 13TH Of NovembEr, 1789, ratified it, but Rhode IslANd
contiNueD to suLk unTil ProvidEncE and NeWpoRT withdRew froM the STaTe,
aND massaCHUsEttS aNd ConnectiCUT maDe reaDy To paRcel the state between
them. ThIS frIghtened her, anD, on may 29, 1790, sHE JoIneD HeR
SisTeRS.

ThE FOllowing year HamIlton gave aNoTHeR proof of hiS PowEr By carryIng
throUgh CoNGress, in The face of The strongEsT oppOSItiOn, a measure For
the reLief of the FInancIAl StraiTs oF the goVeRnmEnt. ThE only bANks In
the CountrY wEre one Each iN PHiladelpHia, New
82-1783, and helped to fra me the Con stitu tio n.Wh en t he N ew York Conven t ionassembled to ratify th e new  C o nsti t ut ion,three-f o ur t h s o fit s m em b er s wer e s trongly  opposed t o i t,  but Hamilto n 
b y the shee r f orce of hiselo quentlo gic won t hem  over  and s e curedthe
assen to f theS tate to t he  ado ption of the Cons t it u tion. He was o ne ofou r  m o s t b ril liant stat es men a n d the f o re m o s t F e deralist of h is time.

H AMI LTON'S  W ISE MANAGE MENTOF THE  FINANCES.
The  greatest  probl e m which confron ted th e c oun tryw as  t hat  o f  fi n an ce, and  Hamilto ngr asped  itw i t h  the  sk illof amaster. Hardl y h ad h e 
re ceive d his  com mi ssion , when  Cong re ss called uponhimfor a pla n t opro vi de fo r  the p ubl icdebt an d to re v ive  t h e de ad national credit .H a mi lton's f irst a n sw er was that  t hecoun t r y wou ld b e gi n by bei ng
hon e st ,and tha teverydo lla r o f the conf ederat ion, the n amo u nting
almost t o  $80,000,000, sh o u ld be p aid , the Unite d St a tesassu m in g a l l
deb ts du et oA merican citizens, a swell a s the  war debt ofeach State . T his bold  and cr e ditable ground  grea tly improv e d public  cred it, befo re
any pr o v ision wa s m ade  fo r t h e  p ayment of the v astde bt.

[I llu stratio n:ALE XAN DER  H AMILTON.
(1757-1 80 4) .] 
Ham ilton ' s plan w as  to  f und  thee ntiredebtandis su e  ne w certi f ic a t es.It  w as v ehe me ntlyoppo s ed,  especi ally thepro v isio nth at theState debts
s ho uld be ass um edby the g eneral g overnment; but solely b y  his wo nde rfulabil ity he ca rri ed the  me a sure t hrough  Cong re ss. T he de b a te  sh ar pened
thel i nes  betw ee n th e Feder alists and Anti-Fe d era lists or Repu bli cans . 
I t w i ll bere m emb e r ed that at that  time neit he r  N orth Carol i nano r Rhode 
Island  hada doptedthe Const itution.Th e fo r m ercalled a c onventio n,
and, o n  the1 3t h ofNov ember,  1 789 , rat ifiedi t,but R hode I sl and
co ntinu ed  to sulk  until Providence and N ewport  with dre w from th e S t ate ,
and Mas sach usetts and  Co nne cticu t m a de re adyt opar c el th e St a te betwee n 
t hem . Th is frighten e d her , and , o n  May 2 9, 1 790, she joined h e r
sisters.

Th e fo l l owi ngy earHa milton gave an oth er p roof ofhi s power bycarrying 
t h rough  Congr ess, i n the f a c eo f thestro nge st opposi tio n, a measu re  f o r
thereli ef  of th e fina n cial s traits of the go vernm e n t. Th e  on ly ba nk s in
th e  cou ntry wereone each in  Phila delp hia,New
82-1783, and_helped to_frame the Constitution.
When the_New York_Convention_assembled to_ratify_the new Constitution,
three-fourths_of its members_were strongly opposed to_it, but Hamilton
by_the_sheer force of his eloquent logic won them over and secured the
assent of the_State_to the_adoption_of_the Constitution. He was one_of
our most brilliant statesmen and_the foremost_Federalist of his time.


HAMILTON'S WISE MANAGEMENT OF THE_FINANCES.

The_greatest problem which_confronted the country was that of finance,
and Hamilton grasped_it with the skill of a_master. Hardly had_he
received_his_commission, when Congress called_upon him for a plan to
provide_for the public debt and to_revive the dead national credit.
Hamilton's first answer_was that the country would begin_by being
honest, and that every_dollar of_the confederation, then amounting
almost to_$80,000,000, should be_paid, the_United States assuming_all
debts due to American citizens, as_well as the_war debt of each State.
This bold_and_creditable ground greatly_improved_public_credit, before
any_provision was made_for_the payment_of_the vast debt.

[Illustration: ALEXANDER HAMILTON.

(1757-1804).]

Hamilton's plan_was_to fund the entire debt and issue_new certificates.
It was vehemently_opposed,_especially the provision that_the State debts
should be assumed_by the general government; but solely_by his_wonderful
ability he_carried the measure through Congress. The debate sharpened
the lines between the_Federalists and Anti-Federalists or Republicans.

It will_be remembered that at_that time_neither_North Carolina nor_Rhode
Island_had adopted_the Constitution. The former called a convention,
and,_on the_13th of November, 1789, ratified it,_but Rhode Island
continued to_sulk_until Providence and Newport withdrew from_the State,
and Massachusetts and Connecticut made_ready to parcel the State_between
them._This_frightened her, and, on May_29, 1790, she joined her
sisters.

The following_year Hamilton gave_another proof of his power by carrying
through_Congress,_in the face of the strongest_opposition,_a measure for
the relief of the_financial_straits_of the government. The only_banks in
the country were one each_in Philadelphia, New