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Tench Coxe ( "A Pennsylvanian")

Tench Coxe (May 22, 1755 – July 17, 1824) was an American political economist and a delegate for Pennsylvania to the Continental Congress in 1788-1789. He wrote under the pseudonym "A Pennsylvanian".

Background

  • Tench Coxe was born in Philadelphia on May 22, 1755. His father, a respected merchant, was active in local politics. At the age of 16 Tench entered the College of Philadelphia (now the University of Pennsylvania) to study law. He was more interested in business than law, however, and when he came of age, he became a partner in his father's firm.

    Coxe faced a dilemma during the American Revolution, as did many other established merchants. When the British invaded Philadelphia, he decided to remain neutral rather than declare his support for the Colonies. Some of his critics have claimed that Coxe was actually a royalist sympathizer and that he joined Gen. William Howe's army against the patriots. Considering his later career, however, this seems doubtful. More likely, the decision was based on economic rather than political motives. After the British withdrew from Philadelphia, his name was listed among those persons accused of treason. But the charges were dropped when no one appeared against him.

    He died in Philadephia in 1824.

  • Education

    • Tench received his education in the Philadelphia schools and intended to study law, but his father determined to make him a merchant, and he was placed in the counting-house of Coxe & Furman, becoming a partner at the age of twenty-one.

    Career

    • Following the Treaty of Paris (1783), Coxe turned his attentions to economic and social problems facing the new nation. In addition to serving on several local committees which attempted to restore order to both state and interstate commercial relations, he was a delegate to the Annapolis Convention (1786) and served briefly in the Continental Congress (1788). He also worked for banking reforms and served as secretary for an organization that promoted the abolition of slavery and relief for free Negroes held in bondage unlawfully.

      Coxe began to consider national politics seriously after 1787. Although not a delegate to the Constitutional Convention, he worked enthusiastically for the adoption of the Constitution. He believed the new government would create a sound basis for establishing a national economy and would facilitate orderly economic growth. In 1790 he was appointed assistant to the treasurer, Alexander Hamilton. He supported assumption of state debts, full payment of the national debt, and creation of a national bank. His most influential contributions were made in Hamilton's Report on Manufactures. In 1792 he became commissioner of revenue. Although Coxe split with the Federalist party, he remained active in the government until 1797, when he was removed from office by John Adams. Having supported Thomas Jefferson in the election of 1800, he was appointed purveyor of public supplies and held this position until 1812.

    Major achievements

    • Coxe also headed a group called the Manufacturing Society of Philadelphia. He was appointed revenue commissioner by President George Washington on June 30, 1792, and served until removed by President John Adams.

      He deserves, indeed, to be called the father of the American cotton industry. He was the first to attempt to bring a Arkwright machine to the United States, and first urged the people of the South to give their time to raising cotton.

    Works

    • View of the United States
    • An Inquiry into the Principles for a Commercial System for the United States
    • Examination of Lord Sheffield's Observations on the Commerce of the United Provinces

    Politics

    Coxe was a proponent of industrialization during the early years of the United States, Coxe co-authored the famous Report on Manufactures (1791) with Alexander Hamilton and provided much of the statistical data.

    Party affiliation: Democratic Republican Party

    Connections

    • father: William Coxe
    • mother: Mary Francis Coxe
    • Grandfather: Tench Francis, Sr
    • Great grandfather: Daniel Coxe
    Tench Coxe
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    Died July 17, 1824
    (aged 69)
    Nationality
    Ethnicity:
    • 1771
      College of Philadelphia
    • September 11, 1789
      Assistant Secretary of the Treasury, Department of the Treasury

    Contributor  

    Kristina Martinevskaya last changed 25/11/2012 view changes
    Roman Pavlov last changed 28/04/2013 view changes
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