“In 1790, the provision which was made by law for the payment of the public debt, embraced these commutation certificates. They were funded, and the owner of each of them received three certificates; the first for two-thirds of the original amount, bearing an interest immediately of six per cent.; the second for the remaining third, but without interest for ten years; and the third for the interest which had accumulated, bearing an interest of only three per cent. “What does this bill propose? Not to indemnify the officers of the Revolution for the loss which they sustained in consequence of the inability of the government, at the close of the war, to comply with its solemn contract. Not, after a lapse of more than forty years, to place them in the situation in which they would have been placed had the government been able to do them justice. It proposes to allow them even less than the difference between what the owners of the commutation certificates received under the funding system, and what these certificates when funded were worth upon their face. My colleague has clearly shown, by a fair calculation, that the allowance will fall considerably short of this difference. If the question now before the committee were to be decided by the people of the United States instead of their Representatives, could any man, for a moment, doubt what would be their determination? “I hope my friend from Massachusetts will not urge the amendment he has proposed. Judging from past experience, I fear, if it should prevail, the bill will be defeated. Let other classes of persons who think themselves entitled to the bounty of their country present their claims to this House, and they will be fairly investigated. This is what the surviving officers of the Revolution have done. Their case has been thoroughly examined by a committee, who have reported in its favor; and all the information necessary to enable us to decide correctly is now in our possession. I trust their claim will be permitted to rest upon its own foundation. They are old, and for the most part in poverty; it is necessary, if we act at all, that we act speedily, and do them justice without delay. In my opinion, they have a better claim to what this bill contemplates giving them, than any of us have to our eight dollars per day. Gentlemen need apprehend no danger from the precedent; we shall never have another Revolutionary war for independence. We have no reason to apprehend we shall ever again be unable to pay our just debts. Even if that should again be our unfortunate condition, we shall never have another army so patient and so devoted as to sacrifice every selfish consideration for the glory, the happiness, and the independence of their country. I shall vote against the proposed amendment because I will do no act which may have a tendency to defeat this bill.”