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Tuesday, May 20, 2008

From the Ghostly Quill of Alexander Hamilton

Dear Journal,

I've come back from the grave to see what has become of America's finance. So far everything is well, but Congress has just voted to abandon the First Bank of the US. The charter lasted twenty years and has now ended in 1811. We are in war with England again. Hopefully a second bank will be made for the country's sake.

Sincerely,
Alexander Hamilton
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Dear Journal,
After the war of 1812, we, again, are in great debt. Congress and President Madison has just passed the bill for the authorization for a second US Bank in the year of 1816. Maybe this could help us out of debt again?
Sincerely,
Alexander Hamilton
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Dear Journal,
Problems have a risen due to the second bank of the US. Some feel that the bank is a danger to the republic because it has too much power. Some state bankers have trouble with it because the central bank is causing them trouble functioning. There are many arguments with President Andrew Jackson and Congress about rechartering the bank. President Jackson won the reelection and has denied the rechartering. The bank fails to continue in the year of 1836, another 20 years. Since I am not treasurer anymore, nor am I still alive, I can not take part anymore in what is happening.
Sincerely R.I.P,
Alexander Hamilton
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