A Biography of the Signers of the Declaration of Independence, and of Washington and Patrick Henry: With an appendix, containing the Constitution of the United States, and other documentsJudson, L. Carroll (Levi Carroll)
History
A Biography of the Signers of the Declaration of Independence, and of Washington and Patrick Henry: With an appendix, containing the Constitution of the United States, and other documents
Judson, L. Carroll (Levi Carroll)
Henry, Patrick, 1736-1799; United States. Declaration of Independence -- Signers; Washington, George, 1732-1799
When General Green took the command of the troops in South Carolina,
their destitute situation was deplorable. They were only partially
covered with tattered garments; their food was of the coarsest kind,
and but a scanty supply of that; their quantity of ammunition was
small, and nothing but certain destruction seemed to hover around
them. At that alarming crisis, Mr. Hall, of that state, advanced the
necessary funds to supply the immediate wants of the army, and enable
General Green to commence vigorous operations.
After the war had closed, and an account of the disbursements was
exhibited, it was found that Mr. Hall had acted under the direction of
Robert Morris, who had furnished the needful at the very time it was
necessary to save the southern army from dissolution. General Green,
on being made acquainted with the fact on his final settlement at the
office of finance, was at first displeased with the measure, but upon
reflection, greatly applauded and admired the wisdom of this secrecy,
“because,” said he, “if I had known that I might have drawn upon Robert
Morris, I should have demanded larger sums, and effected no more than
was accomplished with the means placed in my hands.” The advances of
Mr. Morris to the southern army were near accomplishing his pecuniary
ruin.
As a financier his genius was of the most prolific kind. When he found
one resource after another exhausted; the American troops writhing
under the keenest privations; the credit of the infant Republic
paralyzed, and her treasury drained of the last dollar, had his mind
been cast in an ordinary mould, he must have fainted by the way. But
amidst the embarrassments that surrounded him, he stood calm and
undismayed upon the firm basis of his own resources. When he found
that they were becoming crippled, he submitted to congress the plan of
chartering the Bank of North America, which, after much discussion, was
approved and adopted on the 7th of January, 1782.
The year preceding, the office of finance had been established, and Mr.
Morris appointed financier. Previous to that, it appears he had not,
at any time, been the disbursing agent of the public monies; and that
no system had been adopted by Congress that gave any one individual
the control, under them, of this important department. The consequence
was, that the monies raised for the supplies of the army often fell
into the hands of irresponsible agents and never reached their pristine
destination.
Public-domain text, read in full here on John Shaqi.
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