University of Virginia Library

1997. DEBT, Blessing of a public.—

As the doctrine is that a public debt is a public
blessing, so they [the supporters of State
debt assumption] think a perpetual one is a
perpetual blessing and, therefore, wish to
make it so large that we can never pay it off.—
To Nicholas Lewis. Washington ed. iii, 348. Ford ed., v, 505.
(Pa., 1792)