The Works of Alexander Hamilton, Vol. 4: Containing His Correspondence, and His Political and Official Writings, Exclusive of the Federalist, Civil and Military (Classic Reprint) - Softcover

Alexander Hamilton

 
9781330980651: The Works of Alexander Hamilton, Vol. 4: Containing His Correspondence, and His Political and Official Writings, Exclusive of the Federalist, Civil and Military (Classic Reprint)

Synopsis

Excerpt from The Works of Alexander Hamilton, Vol. 4: Containing His Correspondence, and His Political and Official Writings, Exclusive of the Federalist, Civil and Military

Communicated to the House of Representatives, January 28, I79I.

The Secretary of the Treasury having attentively considered the subject referred to him by the order' The chief interest of this very able report centres in the discussion of the comparative merits of a double or single standard. Hamilton decides in favor of the former, and his argument has a very present and immediate value. It is needless to say that he, of course, did not favor the overvaluation of one metal, but wished as exact an equality as possible to be maintained between gold and silver.

Of the House Of Representatives, Of the fifteenth of April last, relatively to the establishment Of a mint, most respectfully submits the result Of his inquiries and reflections.

A plan for an establishment Of this nature ih volves a great variety Of considerations - intricate, nice, and important. The general state Of debtor and creditor; all the relations and consequences Of price; the essential interests Of trade and industry; the value Of all property; the whole income, both Of the state and Of individuals, are liable to be sensibly influenced, beneficially or otherwise, by the judicious or injudicious regulation Of this interesting Object.

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About the Author

Henry Cabot Lodge (1850 1924) was a Republican senator and historian from Massachusetts. He is best known for his positions on foreign policy, especially his battle with President Woodrow Wilson in 1919 over the Treaty of Versailles. He graduated from Harvard College and was the first student to graduate Harvard University with a PhD in political science. Lodge was elected a fellow of the American Academy of Arts and Sciences in 1878 and served in the Massachusetts House of Representatives from 1880 1881; he also represented his home state in the United States House of Representatives from 1887 1893 and in the Senate from 1893 1924. He is the author of a number of historical works, including "Alexander Hamilton", "Hero Tales from American History", "Theodore Roosevelt", and many others.

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