University of Virginia Library

Search this document 
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.;

expand sectionA. 
expand sectionB. 
expand sectionC. 
expand sectionD. 
expand sectionE. 
expand sectionF. 
expand sectionG. 
expand sectionH. 
expand sectionI. 
expand sectionJ. 
expand sectionK. 
expand sectionL. 
expand sectionM. 
expand sectionN. 
expand sectionO. 
collapse sectionP. 
6369. PAPER MONEY, Prices and.—
expand sectionQ. 
expand sectionR. 
expand sectionS. 
expand sectionT. 
expand sectionU. 
expand sectionV. 
expand sectionW. 
expand sectionX. 
expand sectionY. 
expand sectionZ. 

expand section 
expand section 

6369. PAPER MONEY, Prices and.—

All the imported commodities are raised
about fifty per cent. by the depreciation of the
money. Tobacco shares the rise, because it
has no competition abroad. Wheat has been
extravagantly high from other causes. When
these cease, it must fall to its ancient nominal
price, notwithstanding the depreciation of
that, because it must contend at market with
foreign wheats. Lands have risen within the
notice of the papers, and as far out as that
can influence. They have not risen at all
here [Virginia]. On the contrary, they are


Page 672
lower than they were twenty years ago.—
To James Monroe. Washington ed. iv, 141. Ford ed., vii, 80.
(M. June. 1796)

See Price.