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Formation of the Union
img img Formation of the Union img Chapter 78 No.78
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Chapter 78 No.78

[Sidenote: A bank proposed.]

Having thus reorganized the finances of the country, Hamilton now proposed the fifth part of his scheme,-the establishment of a national bank. In a report of Dec. 14, 1790, he presented the subject to the attention of Congress. He urged that it would benefit the public by offering an investment, that it would aid the

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