John George Nicolay Quotes
It turned out in the long run that Lincoln's credit and the popular confidence that supported it were as valuable both to his creditors and himself as if the sums which stood over his signature had been gold coin in a solvent bank.
Nicolay, John George. A Short Life of Abraham Lincoln. The Century Co., 1902, p. 45.
Biddle and President Andrew Jackson were in a major struggle about banking in the United States in general a Bank of the United States in particular.
Beaumarchais had loaned the Americans ½ million French Livres. However, Beaumarchais served the French King Louis XVI as a spy and advisor on foreign affairs. The money had been secretly provided by the French government to help the American cause while still being able to officially deny to England that they were in any way involved in the rebellion. The American agent, Silas Dean, who arranged for the money saw through the ruse. See {624187} regarding the transaction. It was the first material aid that the French provided. Much more followed without which the American Revolution might never have been successful.
John George Nicolay was a German-born American who served as private secretary to US President Abraham Lincoln and later co-authored a biography of the 16th President. He was a member of the German branch of the Nicolay family.