Existing comment:
Robert Morris (1734-1806):
Financier of the Revolution:
Robert Morris risked his life, wealth, and reputation to help create the United States of America. A patriot, he signed the Declaration of Independence, Articles of Confederation, and U.S. Constitution.
An immigrant orphaned at 16, Robert Morris became a partner in a leading Philadelphia mercantile firm, the Willing & Morris Company, by the age of 22. The company traded throughout Europe, America, and the West Indies. Like many merchants, their cargo included grain, animal hides, and enslaved Africans.
During the Revolutionary War, Morris used his genius for finance and his maritime trading connections to secure vital funds and supplies for the Continental Army.
As Superintendent of Finance (1781-1784), Morris rescued the new nation from financial ruin. He stabilized the economy by creating the first national bank, a model for our modern banking system. As one of the first U.S. senators from Pennsylvania (1789-1795), Morris was instrumental in making Philadelphia the temporary capital during the construction of Washington, DC.
One of the wealthiest men in America, Morris speculated heavily in land. Overextended, he fell into bankruptcy and spent three years in debtors' prison. Robert Morris lived modestly until his death in 1806, while the new nation he did so much to create prospered and grew.
Philadelphia was the capital of the United States from 1790 to 1800. Robert Morris made his large, elegant home near Sixth and Market Streets available to President George Washington. From this house, which served as both residence and office, the president directed the affairs of the executive branch of the United States. |