Pascrell urges U.S. Treasury to keep Paterson’s founder Alexander Hamilton on $10 bill | Paterson Times Paterson Times

Pascrell urges U.S. Treasury to keep Paterson’s founder Alexander Hamilton on $10 bill

By Jonathan Greene
Published: June 19, 2015


The push to recognize women’s contribution to the United States by placing a woman on the $10 note will replace Paterson’s founder and first secretary of the treasury Alexander Hamilton who is currently featured on the bill.

Congressman Bill Pascrell is asking U.S. Department of Treasury Secretary Jack Lew to retain Hamilton on the $10 bill. Pascrell extolled the treasury for finally making the commitment to recognize women’s contribution to the nation in his letter to Lew, but suggested replacing President Andrew Jackson on the $20 bill instead.

$10 bill featuring Alexander Hamilton.

$10 bill featuring Alexander Hamilton.

“Women have made remarkable contributions to the shaping of our nation, and shamefully, these contributions have consistently failed to garner the attention and praise they so greatly deserve,” Pascrell wrote. “In light of Hamilton’s extraordinary contributions to establishing this great nation, I question the decision to remove Hamilton from the ten dollar bill while President Andrew Jackson continues to be featured on the twenty dollar bill.”

The $20 bill has a much higher circulation rate than the $10 note, according to the Federal Reserve website. In 2014 there were 8.1 billion $20 bills in circulation compared to only 1.9 billion for the $10 bills.

Pascrell also suggested producing two $10 bills which would retain Hamilton or feature both a woman and the founding father who championed policies that moved America from a largely agrarian economy to an industrial powerhouse.

Lew announced the plan to re-design the $10 bill on Wednesday by featuring a woman in 2020 to commemorate the 100th anniversary of the Constitution’s 19th Amendment that granted women the right to vote.

“While President Jackson is celebrated for founding the modern Democratic Party, his populist achievements and his military prowess, he was also a slaveholder responsible for the Trail of Tears, which forced southeastern Native American tribes into mass migrations westward during the 1830s, resulting in thousands of Native American deaths.”

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