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HAMILTON’S ASSUMPTION PLAN – Gazette of the United States. New York: John Fenno, 7-28 August 1790. Vol.2, Nos.34, 36, 38 & 40.
The debate on the federal assumption of state debts plays out in the first Congress. The first issue prints the “Act making provision for the Debt of the United States” as passed on 4 August 1790 and one of the first practical actions taken to execute the plan laid out in Hamilton’s First Report on Public Credit. Subsequent issues print following Acts and some of the surrounding debate. Hamilton’s Assumption Plan was strongly opposed by his former ally James Madison and its passage would lead to the formation of the opposition Democratic-Republican party by Madison and Jefferson.
Four weekly issues, being four pages each, folio (423 x 265mm except first issue 400 x 250mm). (Even pale browning, restoration to folds and a few margins.)
The debate on the federal assumption of state debts plays out in the first Congress. The first issue prints the “Act making provision for the Debt of the United States” as passed on 4 August 1790 and one of the first practical actions taken to execute the plan laid out in Hamilton’s First Report on Public Credit. Subsequent issues print following Acts and some of the surrounding debate. Hamilton’s Assumption Plan was strongly opposed by his former ally James Madison and its passage would lead to the formation of the opposition Democratic-Republican party by Madison and Jefferson.
Four weekly issues, being four pages each, folio (423 x 265mm except first issue 400 x 250mm). (Even pale browning, restoration to folds and a few margins.)