1st Bus.

There was a need for a bank to have national currency. Private interest was
4/5 of the bank. Elastic Clause vs Strict Constitution. Reserved power if you
need it, do it.

Report and Manufactures.

Hamilton proposes a tariff on imports. The government gave a $5000 reward

on useful inventions. Hamilton like sectionalism because he wants north
south trade to replace Atlantic trade.

First Political Factions.

Hamilton leads the Federalist and Jefferson leads the republicans. Hamilton
vs Madison in Congress and Hamilton and Jefferson in the cabinet. The
French revolution gets worse in 1793. France and Great Britain go to war with
20 years. We should have helped France but the US wanted to trade with
both. On April the announcement is going to be that we are neutral to all.

Genet Affair.

The new French ambassador was Edmund Genet, he illegal recruits Americ-
ans against the British and the British allies the Spanish. We demand his re-
call. His final fate was that if he went home he dies, he gets asylum.