Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (15336)	2/21/2002 12:48:06 PM
From: carranza2	Read Replies (1) of 74559

You might recall the famous dinner which Jefferson hosted for Madison and Hamilton in an attempt to broker a deal on the Assumption issue--whether it was appropriate for the Federal gov't to assume the debts of various States. The Capital was ultimately moved from NYC to a Southern venue ("South of the Pawtommack") in return for an agreement to assume the debts. Some States were heavier debtors than others, creating significant friction between them, a lot of which was regional. The start of a lot of problems. I sometimes wonder what would have happened if Jefferson had not been the host at the famous dinner and/or the deal had not been made. C2@neitheradebtororcreditorbe.com

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