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Ron Chernow
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Ron Chernow
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Ron Chernow
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Alexander Hamilton
Around this time, a young man named Samuel Slater slipped through the tight protective net thrown by British authorities around their textile business. As a former apprentice to Sir Richard Arkwright, Slater had sworn that he would never reveal his boss's trade secrets. Flouting this pledge, he sailed to New York and made contact with Moses Brown, a Rhode Island Quaker. Under Slater's supervision, Brown financed a spinning mill in Rhode Island that replicated Arkwright's mill. Hamilton received detailed reports of this triumph, and pretty soon milldams proliferated on New England's rivers. With patriotic pride, Brown predicted to Hamilton that "mills and machines may be erected in different places, in one year, to make all the cotton yarn that may be wanted in the United States." 29 Hamilton"
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Ron Chernow
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Grant
He has no desire to rise by the fall of others; no glorying over another's abasement;"
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Ron Chernow
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The House of Morgan: An
After all, the devil's work was now sprinkled with holy water.
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Ron Chernow
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Grant
Grant explained to Porter his aversion to profanities, saying "swearing helps to rouse a man's anger; and when a man flies into a passion his adversary who keeps cool always gets the better of him."50
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Ron Chernow
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The House of Morgan: An
The remedy is for people to stop watching the ticker, listening to the radio, drinking bootleg gin, and dancing to jazz . . . and return to the old economics and prosperity based upon saving and working.
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Ron Chernow
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Grant
to arm and exasperate the negroes in the South."75 Some Washington observers floated scenarios of a constitutional showdown in which Johnson would deploy Grant and the military to silence Congress. Suddenly Grant's political tendencies became of more than theoretical interest. Ben Butler, now a Radical Republican, wondered privately whether "Grant can be trusted to disobey positive orders of his chief? When the hour of peril comes, shall we not be
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Ron Chernow
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Alexander Hamilton
Burr is said to have remarked, "Had I read Sterne more and Voltaire less, I should have known the world was wide enough for Hamilton and me."61
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Ron Chernow
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Grant
Returning to his Manhattan town house on Christmas Eve, Grant, sixty-one, pivoted to hand the driver a holiday tip when he slipped on the icy pavement and crashed to the ground, tearing a thigh muscle and possibly fracturing his hip. Until then a robust man, he crumpled over in excruciating pain and was hoisted up the steps by servants. Through anxious winter weeks, he remained bedridden or hobbled about on crutches. Before long, his discomfort intensified with the agonizing onset of pleurisy, coupled with severe rheumatism that crept up his legs, making it difficult for him to negotiate the familiar rooms.
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Ron Chernow
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Alexander Hamilton
Callender denied the authenticity of Maria Reynolds's billets-doux to Hamilton and conjectured that Hamilton had forged them, filling them with spelling errors to make them seem plausible. Quite understandably, Callender could not conceive that someone as smart and calculating as Hamilton could have stayed so long in thrall to an enslaving passion. Hamilton could not have been stupid enough to pay hush money for sex, Callender alleged, so the money paid to James Reynolds had to involve illicit speculation. In fairness to Callender, it is baffling that Hamilton submitted to blackmail for so long.
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Ron Chernow
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Alexander Hamilton
Delenda est Carthago: Carthage must be destroyed and obliterated.
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Ron Chernow
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The House of Morgan: An
Whitney brought in his friends Edwin Webster, Chandler Hovey, and Albert H. Gordon to take over the company's name and goodwill.
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Ron Chernow
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The House of Morgan: An
As a lender of last resort, the House of Morgan favored like-minded institutions of similar character and background. Kidder, Peabody was just such a firm. It didn't hustle business or steal clients and always played by Morgan rules. In 1930, it was hit by multiple blows. The Italian government removed $8 million in deposits, and the new Bank for International Settlements instructed Kidder to switch big sums to a Swiss bank. This led to another rescue at Jack Morgan's home, chaired by George Whitney, who had started his career as a Kidder clerk. The House of Morgan arranged a $10-million line of credit. Under Whitney's tutelage, the old Kidder, Peabody was folded.
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