Saturday, September 13, 2008

Banks and Uncle Sam

Working my way through The Christian Almanac, today's accounts included a tidbit from 1788:

At an interest rate of 6 percent from the Bank of New York and the Bank of North America, the United States took out its first loan. The money went to pay the salaries of the president and members of Congress (p. 540).

It didn't take long did it?

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