Existing comment:
South St. from Maiden Lane
William James Bennett
Jefferson feared that New York City merchants and lawyers sympathetic to England would favor a monarchy and corrupt public officials.
By the end of dinner, Hamilton agreed to support moving the capital from New York City to the banks of the Potomac River between Maryland and Virginia. Hamilton also agreed to lower Virginia's tax obligation by $1.5 million when the Treasury assumed the states' Revolutionary War debts. |