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According to the plan put before the first session of the First Congress, Hamilton proposed establishing the initial funding for the Bank of the United States through the sale of $ 10 million in stock of which the United States government would purchase the first $ 2 million in shares.
Hamilton, foreseeing the objection that this could not be done since the U. S. government didn't have $ 2 million, proposed that the government make the stock purchase using money lent to it by the Bank ; the loan to be paid back in ten equal annual installments.
The remaining $ 8 million of stock would be available to the public, both in the United States and overseas.
The chief requirement of these non-government purchases was that one-quarter of the purchase price had to be paid in gold or silver ; the remaining balance could be paid in bonds, acceptable scrip, etc.

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