Editing Bank of North America (section)

=== Stock offering ===
The original charter as outlined by Hamilton called for the disbursement of 1,000 shares priced at $400 each.<ref>{{Harvnb|Alberts|1969|page=[https://archive.org/details/goldenvoyageli00albe/page/n129 106]}}</ref> Benjamin Franklin purchased a single token share as a sign of good faith to [[Federalists]] and their new bank. Hamilton used his pseudonym  "Publius", later immortalized in the [[Federalist Papers]] advocating in the late 1780s for adoption of the [[Constitution of the United States|United States Constitution]], to endorse the bank.<ref>{{Cite book |page=[https://books.google.com/books?id=AA49EEZWA0IC&pg=PA55 55] |title=The Papers of Alexander Hamilton |publisher=Columbia University Press |year=1962 |isbn=978-0-231-08905-0 |editor-last=Syrett |editor-first=Harold Coffin |editor-link=Harold Coffin Syrett |editor-last2=Cooke |editor-first2=Jacob Ernest}}</ref>

[[William Bingham]], rumored to be the richest man in America after the [[American Revolutionary War|Revolutionary War]],<ref>{{Harvnb|Alberts|1969|pages=[https://archive.org/details/goldenvoyagelife00albe/page/435 435]}}</ref> purchased 9.5% of the available shares. The greatest share, however, 63.3%, was purchased on behalf of the United States government by Robert Morris, using a gift in the form of a loan from [[Kingdom of France|France]] and a loan from [[Netherlands]].<ref>{{Cite book |last=Alberts |first=Robert C. |url=https://books.google.com/books?id=XBd3AAAAMAAJ |title=The Golden Voyage: The Life and Times of William Bingham, 1752–1804 |date=1969 |publisher=Houghton-Mifflin |oclc=563689565 |access-date=March 17, 2016}}</ref> This had the effect of capitalizing the bank with large deposits of gold and silver coin and [[bills of exchange]]. He then issued new paper currency backed by this supply.<ref name="Dowgin">{{Cite book |last=Dowgin |first=Christopher |title=Sub Rosa |year=2016 |isbn=978-0-986-26102-2 |page=83}}</ref>