ELIAS CORNELIUS BOUDINOT

The slavery issue also split the Cherokee. A number of the wealthier old families had and worked Black Slaves and they supported the South officially and militarily. Waite, the recipient of the letter, was a Confederate General.

The States sold bonds to finance the their efforts in the Revolutionary War. Some states had better prospects for redeeming their bonds than others. Georgia, South Carolina and North Carolina in particular had poorer prospects than most and their bonds were selling at about 25 cents on the dollar. Alexander Hamilton, then the Secretary of the Treasury, wanted the new Federal government to assume the state’s war debt and pay off the bonds. He made his proposal for how he would accomplish this on January 14, 1790. He delivered his report and proposal to Congress “Report on the Public Credit”. As soon as Hamilton’s proposal was read in Congress, sophisticated speculators set off for the Southern States to buy up as many bonds as they could before the owners found out that a Federal bail-out was under serious consideration. They could easily double, triple or even quadruple their money. Many congressmen wanted to outlaw the speculation. See {619929} & {619939}. The pro-speculation forces got their way. Some speculators made fortunes. Most bondholders lost money.

There was a strong movement among the religious Christian Americans to go to the Holy Land to help the Jews reclaim the Kingdom God promised in the Bible. American missionaries went to the Middle East and even an early American President was enthusiastic about Jews reclaiming their kingdom. See {585141}.

He was part of the Congressional Delegation that had been appointed to welcome the newly elected first President George Washington to New York City, then the first capitol of the nation. The delegation met Washington on the New Jersey shore of the Hudson River and escorted him with a large flotilla of official and unofficial boats across the Hudson River to the Manhattan shoreline where this huge crowd had gathered. The tremendous crowd worried some of the Congress who thought there might be too much respect and obedience to the President—that he might be viewed as a monarch or worse, view himself as one. The authority and respect paid to the president was in political dispute for the first three presidential terms until Thomas Jefferson defeated John Adams and the Federalists.

There was a strong movement among the religious Christian Americans to go to the Holy Land to help the Jews reclaim the Kingdom God promised in the Bible. American missionaries went to the Middle East and even an early American President was enthusiastic about Jews reclaiming their kingdom. See {585141}.

He was part of the Congressional Delegation that had been appointed to welcome the newly elected first President George Washington to New York City, then the first capitol of the nation. The delegation met Washington on the New Jersey shore of the Hudson River and escorted him with a large flotilla of official and unofficial boats across the Hudson River to the Manhattan shoreline where this huge crowd had gathered. The tremendous crowd worried some of the Congress who thought there might be too much respect and obedience to the President—that he might be viewed as a monarch or worse, view himself as one. The authority and respect paid to the president was in political dispute for the first three presidential terms until Thomas Jefferson defeated John Adams and the Federalists.

The States sold bonds to finance the their efforts in the Revolutionary War. Some states had better prospects for redeeming their bonds than others. Georgia, South Carolina and North Carolina in particular had poorer prospects than most and their bonds were selling at about 25 cents on the dollar. Alexander Hamilton, then the Secretary of the Treasury, wanted the new Federal government to assume the state’s war debt and pay off the bonds. He made his proposal for how he would accomplish this on January 14, 1790. He delivered his report and proposal to Congress “Report on the Public Credit”. As soon as Hamilton’s proposal was read in Congress, sophisticated speculators set off for the Southern States to buy up as many bonds as they could before the owners found out that a Federal bail-out was under serious consideration. They could easily double, triple or even quadruple their money. Many congressmen wanted to outlaw the speculation. See {619929} & {619939}. The pro-speculation forces got their way. Some speculators made fortunes. Most bondholders lost money.

The slavery issue also split the Cherokee. A number of the wealthier old families had and worked Black Slaves and they supported the South officially and militarily. Waite, the recipient of the letter, was a Confederate General.