6351. PAPER MONEY, A deluge of.—
I
told the President [Washington] that a system
had there [the Treasury Department]
been contrived, for deluging the States with
paper money instead of gold and silver, for
withdrawing our citizens from the pursuits of
commerce, manufactures, buildings, and other
branches of useful industry, to occupy themselves
and their capitals in a species of gambling,
destructive of morality, and which had
introduced its poison into the government itself.—
The Anas. Washington ed. ix, 104.
Ford ed., i, 177.
(Feb. 1792)
