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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2037. DEBT (Revolutionary), Principle of Payment.—[continued]. |
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2037. DEBT (Revolutionary), Principle of Payment.—[continued].
It is not our desire to
pay off those bills [of exchange] according to
the present depreciation, but according to
their actual value in hard money, at the time
they were drawn with interest. The State having
received value, so far as it is just it should
be substantially paid.—
To Va. Del. in Congress.
Ford ed., ii, 500.
(R.
1781)
| The Jeffersonian cyclopedia; | |