Sublime

In September 1791 the overtures made by Hamilton, with Washington’s approval, resulted in a major breakthrough in Anglo-American relations, as George III named George Hammond as the first British minister to America. When Hammond and his secretary, Edward Thornton, arrived that autumn, they immediately sensed the amicable disposition of the

Although Washington seemed unaware of it, Hamilton had been training for the Treasury post throughout the war, boning up on subjects as diverse as foreign exchange and central banks. Like Washington, Knox, and other Continental Army officers, Hamilton had perceived an urgent need for an active central government, and he grasped the reins of power

Pacific Bill.” As it passed parliament in February 1881, the legislation authorized the Canadian Pacific Railroad to link with the Canada Central Railway at Callander, near Georgian Bay, and to run westward to some Pacific port in British Columbia. Generously subsidized with $25 million in direct support and a twenty-five-million-acre,

For eight years under Woodrow Wilson he had been the number two man in the Navy Department.

He cited three principles for banking reform. One was the cliché that the currency should be “elastic,” by which he meant flexible in quantity, to meet the ebb and flow of demand. Another echoed Warburg: “Our banking laws must mobilize reserves,” Wilson said. And this, he asserted, would accomplish a third purpose—abolishing the concentration of