Small folio
1790 · New York
by HAMILTON, Alexander (1757-1804)
New York: Printed by Francis Childs and John Swaine, 1790. Small folio. (13 x 8 inches). 41 pp. Bound to style in 1/4 morocco over contemporary marbled boards, gilt title on spine.
First edition of the act from Hamilton establishing the US Coast Guard.
In 1789, Congress passed the first Tariff Act, to both protect developing manufacturing industries at home as well as raise revenue sorely needed by the new Federal Government, by levying a five percent rate on all foreign goods arriving at U.S. ports. By 1790, Secretary of the Treasury Alexander Hamilton, calculating that the government needed close to $3 million to cover operating (truncated)
First edition of the act from Hamilton establishing the US Coast Guard.
In 1789, Congress passed the first Tariff Act, to both protect developing manufacturing industries at home as well as raise revenue sorely needed by the new Federal Government, by levying a five percent rate on all foreign goods arriving at U.S. ports. By 1790, Secretary of the Treasury Alexander Hamilton, calculating that the government needed close to $3 million to cover operating (truncated)