ALEXANDER HAMILTON FUND

Losnummer: 1641
NEW YORK. Share of $200. black. No 147. Alexander Hamilton (1755-1804) served as the United States' first secretary of the Treasury in the Cabinet of President George Washington from 1789 till 1795. As the founding father of the Federalist Party (1792-1820), he was in favor of a national bank, tariffs and good relations with Great Britain. In 1784, he had also written the constitution of the first national bank in the United States, the Bank of New York. This bank opened with a capitalization of $500 000 only a few months after the departure of British troops from American soil. His sympathy for Great Britain was not that extreme, but at the beginning of his political career he favored a political mix of a republic and monarchy. The other political party opposed to the FederalistParty was the Democratic-Republican Party which was in favor of a strong republic and denounced the Federalists as supporters of monarchy and aristocracy. They therefore wanted to empower the individual US states and opposed all kinds of federal institutions (banks, Navy, federal courts...). In 1791 Hamilton's father-in-law, Philip Shuyler, lost his seat to the republican candidate Aaron Burr, which was the start of a long-lasting personal conflict with Hamilton. From 1799 onwards, with the death of George Washington, the Federalist Party definitely lost political ground and in 1800 the Republican candidate Thomas Jefferson became president. The conflict with Burr became harsher and reached a bursting point with Hamilton's journalistic defamation of Burr's character during the 1804 New York gubernatorial election campaign in which Burr was a candidate. After the insult by Hamilton, a duel between both opponents followed which resulted into the killing of Hamilton. Burr survived the duel and was indicted for murder, which also brought an end to his political career. We offer a certificate in a trust fund for Alexander Hamilton's relatives and friends, which was founded on 29th November, some five months after that Hamilton's death. For a financial wizard, it was odd that Hamilton died both insolvent and illiquid. As he had earned comparatively little during his lifetime, his executors feared that a distress sale of his property could barely cover his debts. This trust fundenabled the inheritors to derive some cash from Hamilton's estate before it was liquidated. The certificate is issued to and signed as trustee by Rufus King (1755-1827), one of the major political friends of Hamilton .He later became a federalist vice-president candidate and as a senator he strongly advocated the abolition of slavery.
Branchen: BEFORE 1800
USA
KING, Rufus
Datum: 29 November 1804
Erhaltung: EF
Startpreis: € 2200