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Alexander Hamilton (1790): From "Report on the Public Credit": Noted for August 12, 2013

Alexander Hamilton (1790): From Report on the Public Credit:

To these more direct expedients for the support of public credit, the institution of a national bank presents itself, as a necessary auxiliary. This the Secretary regards as an indispensable engine in the administration of the finances. To present this important object in a more distinct and more comprehensive light, he has concluded to make it the subject of a separate report.