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The Dinner Table Bargain In 1790

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The Dinner Table Bargain In 1790
The bill was voted down in Congress , which resulted in the Dinner Table Bargain in 1790. At the same time as the debate over the financial system was going on, Congress was fighting over the approval of the Residence Bill , which would secure the location of the capital at Georgetown on the Potomac—where Jefferson and Senator James Madison wanted it to be. In the Dinner Table Bargain, Jefferson, Madison, and Hamilton met and came to a compromise over dinner. Jefferson and Madison agreed to vote for the Assumption Bill, while Hamilton would promote the Residence Bill. The Residence Bill was passed first on July 9, 1790, and the Assumption Bill was passed on July 26, 1790. Next, Hamilton proposed the charter of the First Bank of
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