The Jeffersonian cyclopedia; a comprehensive collection of the views of Thomas Jefferson classified and arranged in alphabetical order under nine thousand titles relating to government, politics, law, education, political economy, finance, science, art, literature, religious freedom, morals, etc.; |
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2036. DEBT (Revolutionary), Principle of Payment.— |
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2036. DEBT (Revolutionary), Principle of Payment.—
The principle on which it [the
paper money debt] shall be paid I take to be
settled, though not directly, yet virtually, by
the resolution of Congress of June 3d, 1784;
that is, that they will pay the holder, or his
representative, what the money was worth at
the time he received it, with an interest from
that time of six per cent. per annum.—
To H. S. Crevecoeur. Washington ed. i, 595.
Ford ed., iv, 253.
(P.
July. 1786)
| The Jeffersonian cyclopedia; | |