University of Virginia Library

713. BANKS, Jefferson's disapprobation of Paper.—[continued].

The toleration of banks
of paper-discount costs the United States one
half their war taxes; or, in other words,
doubles the expense of every war.—
To J. W. Eppes. Washington ed. vi, 201. Ford ed., ix, 400.
(P.F.,,
Sep. 1813)