Memoir of the Life of John Quincy Adams.Quincy, Josiah
History
Memoir of the Life of John Quincy Adams.
Quincy, Josiah
Adams, John Quincy, 1767-1848
"I will take up these reasons in order. And, first, as to going to
war for the obtaining of these ten or twelve millions of dollars,
being the claims of our own citizens on Mexico. This seems a very
extraordinary reason, when, according to the doctrine of the
gentleman from Pennsylvania, a state of war at once extinguishes all
national debts. If we go to war with Mexico, her debts to our
citizens will be expunged at once, if the doctrine of the gentleman
from Pennsylvania be true. He did, to be sure, qualify the position
by saying that war would at least suspend the payment of interest.
If so, then it would equally suspend interest in the case of Mexico.
The arguments of the two war gentlemen happen to cross each other,
though they are directed to the same end. One of them will have us
go to war with Mexico to recover twelve millions of dollars; the
other would have us go to war with England to wipe out a debt of two
hundred millions. I will not compare the arguments of the two
gentlemen together; but I will say, in regard to the doctrine of the
gentleman from Pennsylvania, that it has quite too much of
repudiation in it for my creed. I do not think that a war with
England would extinguish these two hundred millions, but that, on
the contrary, Great Britain would be likely to say to us, 'We will
go to war to recover the money you owe us,' That is one of the
questions which we must settle if we go to war, but which we might
otherwise, at least for a time, stave off. But, if we go to war,
what must be the effect of the peace that follows? We must pay our
two hundred millions, with the interest. As to our debt from Mexico,
I believe the way to recover it is not to go to war for it; for war,
besides failing to recover the money, will occasion us the loss of
ten times the amount in other ways.
Public-domain text, read in full here on John Shaqi.
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