Status Updates From A History of Money: From An...

In 1791 the first bank of the United States got its charter. 60% of its capital has to be paid by the government. By a sleigh hand (which in Britain today would lead to either ennoblement or imprisonment) Hamilton and the board of the Bank managed to grant the government the means whereby the gvnt’s contribution also was paid in full in gvnt securities or in its own notes which has been paid to the gvnt 4 this aim