The Post was founded by Alexander Hamilton with about US$10,000 (equivalent to $155,540 in 2020) from a group of investors in the autumn of 1801 as the New-York Evening Post, a broadsheet. Hamilton's co-investors included other New York members of the Federalist Party, such as Robert Troup and Oliver Wolcott, who were dismayed by the election of Thomas Jefferson as U.S. president and the rise in popularity of the Democratic-Republican Party. The meeting at which Hamilton first recruited investors for the new paper took place in Archibald Gracie's then-country weekend villa that is now Gracie Mansion. Hamilton chose William Coleman as his first editor.The 1801-established newspaper describes itself as the oldest continuously published daily U.S. newspaper; however, it is widely understood that this claim is false, since the New York Post halted publication during strikes in 1958 and 1978. Therefore, The Providence Journal is understood as the oldest continuously published daily newspaper in the U.S. While it began daily publication on July 21, 1829 (28 years after the New York Post), it has not halted daily publication once since its founding, unlike the New York Daily Post.