Robert Morris' tombstone states that he was "The Financier"; officially,
however, he was Superintendent of Finance. Whatever his title, Robert
Morris played an integral role in financing the American Revolution, and
Yale Professor William G. Sumner examines Morris' life and actions to
enhance our understanding of the finances of the young nation.In Volume
II of a two-volume work, Sumner begins with the events of 1781, when
Morris anticipated receiving loans from Spain. From there, Sumner looks
at Morris' attempts to secure loans from other nations, his unpopularity
and resignation, and the organization of the treasury. Sumner also
covers the Bank War of 1785-1786, the Commercial Convention and the
Constitutional Convention, Morris' career in the U.S. Senate, and his
social standing and business dealings. What should be noted is that
while Morris helped to finance the Revolution, he spent three years in
prison for personal debts. WILLIAM GRAHAM SUMNER was a professor of
political and social science at Yale University and became known as a
Social Darwinist and advocate of the laissez faire principle in
economics. Besides writing a number of books on sociology, history, and
economics, he was also influential in the movement to modernize the
American university system.