On this day (or the 18th, depending on the source) in 1789, Secretary of the Treasury Alexander Hamilton began negotiations to secure the first loan to the U.S. government, referred to as the “Temporary Loan of 1789,” in order to pay the salaries of the President and members of Congress. Find out what else happened on This Day in Founders History at mikechurch.com
On this day in 1789, Alexander Hamilton was appointed the first U.S. Secretary of the Treasury by President Washington. Initially Robert Morris had been appointed Secretary of the Treasury, but Morris declined the office and recommended Hamilton for the position. Find out what else happened on This Day in Founders History at mikechurch.com
This Day in Founding Fathers History - Where we bring you important dates in the lives and history of the Founding Generation. Another birthday on this day in 1744, that of Elbridge Gerry. Gerry assumed the office of vice president under President Madison after George Clinton died in office, and Gerry too died in office less than two years later.