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2020-09-16 01:41:02
Robert Morris
Robert Morris Buoys the Spirits of the Son of a Fellow Signer and His Creditor: ""My Foes will aggravate my misfortunes and make them worse than they are, but and by when the tide turns they will be as extravagant the other way"" As his misfortunes close in around him, in an unpublished letter acquired from President Benjamin Harrison's descendants, Morris predicts ""the prospect brightens and there are good things ahead."". As his misfortunes close in around him, in an unpublished letter acquired from President Benjamin Harrison's descendants, Morris predicts ""the prospect brightens and there are good things ahead."".
13/10/1794. Harrison was Morris's conduit to borrow money from the Harrison family, money he would not be able to repayRobert Morris managed the economy of the fledgling United States. When he took the reigns in 1781, the Treasury was deep in debt. With the failure of its own policies staring them in the face, Congress changed from the committee systems they had used for years and created the first executive offices in American history. Morris held two of them, Finance and Marine. In a unanimous vote, Congress appointed Morris to be Superintendent of Finance. Morris, in addition to sacrificing his own finances to fund the Revolution, took many steps that today seem visionary. He advocated a stable banking system, a national mint, and a decimal coinage. Along with Hamilton, he detested the parochial interests in Congress that led to shortages of money, and more than anyone understood the conditions under which Benjamin Franklin labored to obtain funds in Europe, writing him in 1782 to secure another $4 million livres but acknowledging that such a request might be met with a demand for payment on already extended loans.After the war, Morris invested in land and business ventures. Although Morris was reelected to the Pennsylvania legislature for 1785-86, his private ventures consumed most of his time. In the latter year, he attended the Annapolis Convention, and the following year the Constitutional Convention. In 1789, declining Washington's offer of appointment as the first Secretary of the Treasury, he took instead a U.S. Senate seat (1789-95).Morris continued to buy … [Click Below for Full Description]
Bookseller: The Raab Collection [United States]
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