. Our greater country; being a standard history of the United States from the discovery of the American continent to the present time ... the seat of federalgovernment to some point more centralthan New York, and which could be broughtunder the supreme control of Congress. In1790 it was resolved that the seat of govern-ment be fixed at Philadelphia for ten years, andat the end of that time be removed to a newcity to be built on the banks of the federal district, ten miles square, was ob-tained by cession from Virginia and Mary-land, and was placed under the sole controlof the United
. Our greater country; being a standard history of the United States from the discovery of the American continent to the present time ... the seat of federalgovernment to some point more centralthan New York, and which could be broughtunder the supreme control of Congress. In1790 it was resolved that the seat of govern-ment be fixed at Philadelphia for ten years, andat the end of that time be removed to a newcity to be built on the banks of the federal district, ten miles square, was ob-tained by cession from Virginia and Mary-land, and was placed under the sole controlof the United States. The foundations of anew city, named Washington, in honor of WASHINGTONS ADMINISTRATIONand 487 the Father of his country, were laid onthe left bank of the Potomac, a short dis-tance below the falls of that river, and build-ings for the accommodation of the generalgovernment were begun and pushed forwardas rapidly as possible. The general government was removed toPhiladelphia in 1791, and in December ofthat year the second Congress began ifsessions in that city. The principal measu-of this session was the establishment of thu. GEORGE WASHINGTON. Bank of the United States, in accordancewith the recommendations of AlexanderHamilton. The bank was chartered fortwenty years, and its capital was ten millionsof dollars, of which the government tooktwo millions and private individuals the re-mainder. The measure was carried in theface of considerable opposition in Congress,but was very beneficial to the government,as well as to the general business of thecountry. The notes of the bank were 488 FROM THE REVGLUilON TO THE CIVIL WAR. payable in gold and silver upon presentationat its counters. Commerce now began to show signs of agreat revival from the stagnation and losscaused by the war. The duties levied uponforeign goods gave to domestic manufac-turers an opportunity to place themselvesupon a firmer foundation. Very great im-provements were made in the character ofAmerican manuf
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