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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2057. DEBT (United States), Interest.— |
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2057. DEBT (United States), Interest.—
I once thought that in the event of a war
we should be obliged to suspend paying the
interest of the public debt. But a dozen years
more of experience and observation on our
people and government, have satisfied me
it will never be done. The sense of the necessity
of public credit is so universal and so
deeply rooted, that no other necessity will prevail
against it.—
To William Short. Washington ed. vi, 401.
(M.
Nov. 1814)
| The Jeffersonian cyclopedia; | |