University of Virginia Library

2062. DEBT (United States), Payment of.—[further continued].

The simple question appears
to me to be what did the public owe,
principal and interest, when the Secretary's
[Hamilton's] taxes began to run? If less,
it must have been paid; but if he was paying
old debts with one hand and creating new
ones with the other, it is such a game as Mr.
Pitt is playing.—
To James Madison. Washington ed. vi, 113.
(M. Sep. 1792)