University of Virginia Library

2045. DEBT (Revolutionary), Western Lands and.—[continued].

It will be yet a twelvemonth
before we shall be able to judge of the
efficacy of our Land office to sink our national
debt. It is made a fundamental, that the proceeds
shall be solely and sacredly applied as a
sinking fund to discharge the capital only of
the debt.—
To Count Van Hogendorp. Washington ed. i, 466. Ford ed., iv, 106.
(P. 1785)