Business: Debt & Taxes

Among the numerous accomplishments of Alexander Hamilton was the founding of the city of Paterson, N. J. There at the Great Falls of the Passaic River in 1791 he picked "an ideal industrial site'' for a joint-stock venture called the Society for Establishing Useful Manufactures.* There the Colt family fashioned their first firearms. There in later days were built some of the first U. S. locomotives. There Inventor John Holland built a submarine in 1875. There today are the biggest silk mills in the U. S. And around those mills on the unsavory...

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