University of Virginia Library

2068. DEBT (United States), Prosperity and.—

We are ruined if we do not overrule
the principles that “the more we owe, the
more prosperous we shall be”; “that a public
debt furnishes the means of enterprise”;
“that if ours should be once paid off, we
should incur another by any means however
extravagant.”—
To James Monroe. Ford ed., v, 320.
(Pa., 1791)