Daniel Moynihan: “I have to agree, and I regretfully agree, part of the agreement by which Alexander Hamilton arranged for the Federal…”

“I have to agree, and I regretfully agree, part of the agreement by which Alexander Hamilton arranged for the Federal Government to assume the Revolutionary War debt of the States, which he did--a magnificent enterprise--the only portrait that hangs in the back room of the Finance Committee today is Alexander Hamilton of New York. In order to do that, he made the supreme sacrifice of moving the Nation's Capitol from its natural site on the banks of the magnificent, lordly Hudson Valley to a swamp on the Potomac.”