It may seem like Washington, D.C. was the perfect spot for the U.S. captial, but its selection was controversial. Secretary of the Treasury Alexander Hamilton and others wanted the capital to be located in a northern commercial center. Southern leaders proposed that the federal city be built in an agricultural region to avoid concentrating financial and political power. Businessmen in Philadelphia and New York sought to lure the president by building great residences for him, but George Washington selected a site currently located between Virginia and Maryland on the Potomac River. He believed that the location would be the seed for a great capital city, the equal of Paris or London.