Quotes About Bank of North America

Hamilton hit the ground running: the very next day, he arranged a fifty-thousand-dollar loan for the federal government from the Bank of New York. The day after that, a Sunday, he worked all day at the Treasury's new office on Broadway, just south of Trinity Church. He dashed off a plea to the Bank of North America in Philadelphia, asking for another fifty thousand dollars.

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.