1903. CREDIT, Destroyed.—
They [attacks
in English newspapers] have destroyed
our credit, and thus checked our disposition
to luxury; and, forcing our merchants to buy
no more than they have ready money to pay
for, they force them to go to those markets
where that ready money will buy most. Thus
* * * they check our luxury, they force us to
connect ourselves with all the world, and they
prevent foreign emigrations to our country,
all of which I consider as advantageous to
us.—
To Count Van Hogendorp. Washington ed. i, 464.
Ford ed., iv, 104.
(P.
1785)
