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2058. DEBT (United States), Louisiana and.—

Should the acquisition of Louisiana be
constitutionally confirmed and carried into effect,
a sum of nearly thirteen millions of dollars
will then be added to our public debt,
most of which is payable after fifteen years;
before which term the present existing debts
will all be discharged by the established operation
of the sinking fund.—
Third Annual Message. Washington ed. viii, 27. Ford ed., viii, 271.
(Oct. 1803)