The Diplomatic Correspondence of the American Revolution, Vol. 11
History
The Diplomatic Correspondence of the American Revolution, Vol. 11
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
Another consideration of great magnitude, to which I must also pray
the attention of Congress, is the present public debts. I am sure no
gentleman can hope that these should be immediately paid out of an
empty treasury. If I am to receive and consider the applications on
that subject, if I am to be made responsible, that alone will, I fear,
be full employment for the life of one man, and some other must be
chosen to attend to the present and provide for the future. But this
not all; if from that, or any other cause, I am forced to commit a
breach of faith, or even to incur the appearance of it, from that
moment my utility ceases. In accepting the office bestowed on me, I
sacrifice much of my interest, my ease, my domestic enjoyments, and
internal tranquillity. If I know my own heart, I make these sacrifices
with a disinterested view to the service of my country. I am ready to
go still further; and the United States may command everything I have,
except my integrity, and the loss of that would effectually disable me
from serving them more. What I have to pray, then, is, that the
adjustment of all past transactions, and of all that relates to the
present system, may be completed by the means already adopted, that
whatever remains unpaid may become a funded debt, and that it may in
that form be committed to me, to provide for the yearly interest and
for the _eventual_ discharge of the principal. This task I will
cheerfully undertake; and if, in the progress of things, I am enabled
to go further, with equal cheerfulness it shall be done; but I must
again repeat my serious conviction, that the least breach of faith
must ruin us forever.
It is not from vanity that I mention the expectations, which the
public seem to have formed from my appointment. On the contrary, I am
persuaded, they are raised on a weak foundation, and I must lament
them, because I foresee they must be disappointed. I must, therefore,
entreat that no flattering prospect of immediate relief may be raised.
Congress will know that the public credit cannot be restored without
method, economy, and punctual performance of contracts. Time is
necessary to each; and therefore the removal of those evils we labor
under can be expected from time only. To hold out a different idea
would deceive the people, and consequently injure the public service.
I am sure it is unnecessary to add, before I close this letter, that I
confidently expect my measures will meet with the fullest support from
Congress, so long as they are honestly directed to the general
welfare. In this conviction, and with every sentiment of respectful
attention, I have the honor to be, &c.
ROBERT MORRIS.[31]
FOOTNOTES:
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