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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5623. NATIONAL CURRENCY, Borrowing fund.—[continued]. |
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![]() | The Jeffersonian cyclopedia; | ![]() |
5623. NATIONAL CURRENCY, Borrowing fund.—[continued].
I like well your idea of
issuing treasury notes bearing interest, because
I am persuaded they would soon be
withdrawn from circulation and locked up
in vaults in private hoards. It would put it
in the power of every man to lend his $100
or $1000, though not able to go forward on
the great scale, and be the most advantageous
way of obtaining a loan.—
To Thomas Law.
Ford ed., ix, 433.
(M.
Nov. 1813)
![]() | The Jeffersonian cyclopedia; | ![]() |