Yesterday I had the pleasure of meeting the President and CEO of the Museum of American Finance on Wall Street. Among many fascinating items I viewed the very first Treasury Bill to be issued. Done during the Jefferson administration by Treasury Secretary Albert Gallatin, it raised money to complete the Louisiana Purchase. Ironically, it was issued to a British bank. So financing came from England in order to pay Napoleon who then used the money to fight England.
I highly recommend a visit to MOAF if you are or will be in NYC!
Friday, September 28, 2012
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