ADAM SMITH, Introduction to Wealth of Nations, Book IV (1776): ‘POLITICAL ECONOMY, considered the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, ...
... or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, to supply the state or commonwealth with a revenue sufficient for the public services. It proposes to enrich both the people and the sovereign.’
Apr 22 • 8 tweets • 2 min read
On August 1, 1780, the Continental Congress stopped paying Gen'l Washington and his Soldiers. There was no money! Under an 'injunction of secrecy' Gen'l Washington corresponded with Robert Morris, the Superintendent of Finance. Morris (and his friends) paid the Troops privately.
In early 1780, Lt. Colonel Hamilton submitted his financial plan to deal with the Revenue Crisis (it was undated, sent anonymously from Washington’s Winter HQ) to the Superintendent of Finance, Robert Morris (among others). - It was a ‘peculiarly critical’ juncture of the War.
Apr 21 • 7 tweets • 1 min read
POTUS 47 said 'we had a little setback on TARIFFS!' SCOTUS says they read Legislative History, but here NO! Had they, they'd have sourced the IEEPA (1977) to Gen'l Washington's War HQ at Morristown, NJ; Hamilton, Aide-de-Camp, to Robert Morris, Supt. of Finance (in Winter, 1780).
Hamilton’s senior partner was Gen'l Washington. He was not a free lance at HQ. Washington was his commander, and mentor: Washington freed him to solve the REVENUE requirements of the Army. When TARIFFS were proposed by Morris on March 11, 1783, they passed Congress unanimously.
Mar 27 • 4 tweets • 1 min read
Hamilton to French Allies from Washington's HQ: MONSIEUR LE CHEVALIER : AU CAP HENRY, le 13 Juin, 1780. Je suis envoyé par le Général Washington au Cap Henry pour y attendre votre escadre et vous remettre ainsi qu'à Monsieur le Comte de Rochambau, ...
les dépêches de Monsieur le Marquis de La Fayette ces dépêches, Monsieur le Chevalier, contiennent le plan d'opérations que le Général Washington a l'honneur de vous proposer, la situation des ennemies et la nôtre relativement aux forces respectives des deux parties, ...
Mar 7 • 16 tweets • 3 min read
What did CJOTUS miss when he referred to Act of July 4, 1789 in his late OPINION? He missed this introduction from James Madison: 'Continental Congress Remarks on Raising Funds for the United States [Philadelphia, January 27, 1783] Mr. Hamilton went extensively into the subject.'
On April 8, 1789 James Madison reintroduced a BILL into CONGRESS that was FIRST introduced by Hamilton to the Continental Congress SIX YEARS before as a SYSTEM OF REVENUE to permanently reduce the 'deficiency in our Treasury.' - It was signed by George Washington on July 4, 1789.
Mar 2 • 46 tweets • 8 min read
I told of family leaving Hunterdon County, NJ for Butler County, OH after the Treaty of Ghent ended the War of 1812. The Jay Treaty was revived with a major revision: Loyalists who fled to Canada and resumed the War through Shawnee and Miami PROXIES quit our Northwest Territory.
Butler County, OH, was named for General Richard Butler, killed in Ohio at St. Clair's Defeat in 1791, a surprise attack by Miami Tribal Chief Little Turtle (his warriors trained and armed by British Canadians in Detroit) joined by Wyandots led by American Turncoat, Simon Girty.
Mar 1 • 17 tweets • 3 min read
At the end of the 1st Session of the 1st Congress, responding to George Washington, Congress resolved on September 21st that: 'This House consider an adequate provision for the support of the public credit, as a matter of high importance to the national honor and prosperity'…
... further replying to George Washington, 'That the Secretary of the Treasury be directed to prepare a plan for that purpose, and to report the same to the House at its next meeting.' - That Report would come during the 2nd Session of the 1st Congress.
Feb 28 • 19 tweets • 3 min read
Cutting through Mythology and Washington's 1st Cabinet, like the Compromise of 1790, locating Washington, DC where it is today, it's important to remember Jefferson (State), Hamilton (Treasury), Madison (Advisor) had only one thing on their minds: 'GET DONE WHAT THE BOSS WANTED!'
NO CABINET was named in Article 2, but the Gouvernour Morris proposed 'A Secretary of Commerce and Finance' to serve at the pleasure of the President. - Washington created the Secretary of the Treasury, and upon the advice of James Madison appointed HAMILTON. He was confirmed.
Feb 24 • 25 tweets • 4 min read
Alexander Hamilton and James Madison were delegates to the Annapolis Convention of 1786 (before the Constitution), convened to settle TRADE DISPUTES among the States. They were so ineffective, they agreed to call a Convention to plan an effective government, - the CONSTITUTION!
Chief difference between HAMILTON'S Bank of the U.S. and the FEDERAL RESERVE: CONGRESS would own half the Shares, earning half the Profit, and have the right to examine the BOOKS. The Bank of the U.S. would lend both to CONGRESS and to private commercial borrowers.
Feb 24 • 18 tweets • 3 min read
It's remarkable there are some who think they won a debate at SCOTUS on 'TAXATION!' - J. Kavanaugh's 'Magic Word Argument' someday will squelch them. The 'MAGIC WORD': TARIFF that's missing in the IEEPA, is also missing in Article 1:8! - HAMILTON served on the Committee on Style!
It's UFC Fight Night at the WH! The Next Round on TRADE AUTHORITY moves to TREASURY. This where the 'MAGIC WORD' TARIFF will be studied. The ISSUE will be 'the power of the purse!' And what's MISSING from that POWER in Art. 1:8? The 'MAGIC WORD' TARIFF! Why? It's the EXECUTIVE'S!