An American Patrician, or The Story of Aaron Burr: IllustratedLewis, Alfred Henry
History
An American Patrician, or The Story of Aaron Burr: Illustrated
Lewis, Alfred Henry
Burr, Aaron, 1756-1836
Instantly, every man or institution that nurses a dislike for Hamilton
takes his or its money to the Manhattan Bank. It is no more than a
matter of days when the new bank, in the volume of its business and
the extent of its deposits, overtops those banks which fly the Hamilton
flag. And Aaron, the indefatigable, is in control. At the new
Manhattan Bank, he turns on or shuts off the flow of credit, as Brom
Mart-ling--spigot-busy in the thirsty destinies of the Bucktails--turns
on or shuts off the flow of his own cider.
After the first throe of Hamiltonian horror, Governor Jay sends his
attorney general. This dignitary demands of Aaron by what authority
his Manhattan Company thus hurls itself upon the flanks of a surprised
world, in the wolfish guise of a bank? The company was to furnish the
world with water; it is now furnishing it with money, leaving it to fill
its empty water buckets at the old-time spouts. Also, it has turned its
incorporated back on yellow fever, as upon a question in which interest
is dead.
The Jay attorney general puts these queries to Aaron, who replies with
the charter. He points with his slim forefinger; and the Jay attorney
general--first polishing his amazed spectacles--reads the following
clause:
“The surplus capital may be employed in any way not inconsistent with
the laws and Constitution of the United States or of the State of New
York.”
The Jay attorney general gulps a little; his learned Adam’s apple goes
up and down. When the aforesaid clause is lodged safe inside his mental
stomach, Aaron assists digestion with an explanation. It is short, but
lucidly sufficient.
“The Manhattan Company, having completed its well and acting within the
authority granted by the clause just read, has opened with its surplus
capital the Manhattan Bank.”
The Jay attorney general stares blinkingly, like an owl at noon.
“And you had the bank in mind from the first!” he cries.
“Possibly,” says Aaron.
“Let me tell you one thing, Colonel Burr,” and the Jay attorney general
cracks and snaps his teeth in quite an owlish way; “if the authorities
at Albany had guessed your purpose, you would never have received
your charter. No, sir; your prayer for incorporation would have been
refused.”
“Possibly!” says Aaron.
Public-domain text, read in full here on John Shaqi.
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