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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6370. PAPER MONEY, Private property and.— |
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6370. PAPER MONEY, Private property and.—
Money is leaving the remoter
parts of the Union, and flowing to this place
[Philadelphia] to purchase paper; and here,
a paper medium supplying its place, it is
shipped off in exchange for luxuries. The
value of property is necessarily falling in the
places left bare of money. In Virginia, for
instance, property has fallen 25 per cent. in
the last twelve months.—
To William Short. Washington ed. iii, 343.
Ford ed., v, 459.
(Pa.,
March. 1792)
| The Jeffersonian cyclopedia; | |