A website from the Massachusetts Historical Society; founded 1791.
close
-
The Adams Papers Digital Edition is undergoing active maintenance while we work on improvements to the system. You may experience slow performance or the inability to access content. We apologize for any inconvenience this may cause. We will endeavor to return to full capabilities as soon as possible.

Browsing: Papers of John Adams, Volume 12


This foot note contained in document ADMS-06-12-02-0131
3. The Bank of North America was incorporated on 31 Dec. 1781 ( JCC , 21:1187–1190). For Robert Morris’ establishment of the bank, his use of it to finance the government’s operations, and his success in having the bank’s notes pass at par with specie, see E. James Ferguson, The Power of the Purse: A History of American Public Finance, 1776–1790, Chapel Hill, 1961, p. 135–139.