The Diplomatic Correspondence of the American Revolution, Vol. 12
History
The Diplomatic Correspondence of the American Revolution, Vol. 12
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
I do myself the honor to enclose you copies of three accounts, which I
have this day received from the Controller of the Treasury of the
United States. Each State will from these accounts perceive what still
remains for it to do in consequence of the resolutions of Congress, of
the 18th of March, 1780.
As this is a circular letter, the observations I make shall be
general, and such as result from a general view of the object. The
particular application of them, dependent on local circumstances, will
be made by those to whom such circumstances apply. The resolutions of
the 18th of March, 1780, were in part directed towards the redemption
of the old Continental money, and the opinions which may have been
formed as to the issuing of a new paper medium, the paying of interest
upon it, and the connexion with relation to the old, are immaterial
under the present point of view.
Nothing can be more clear and simple than this, that the bills issued
by Congress for support of the war should be redeemed by taxes. This
was one capital object of the resolutions, and as to the
apportionment, I am to presume it was as perfect as the fluctuating
nature of human affairs will permit, and more especially so, when the
few lights, which could the obtained, and the various circumstances of
the several States, are compared with the very variable object of
depreciated paper, which was then in contemplation. But, admitting for
argument's sake, that the apportionment was not strictly right; this
must also be admitted, that to redeem the paper was called for by
principles both of reason and justice. It was, therefore, a duty of
the several States to comply with the requisitions of their sovereign
representative. For any inequalities, either actually existing, or
which a subsequent change of circumstances might produce, would admit
of a remedy, but a neglect of the resolutions had the inevitable
consequence of injuring the public credit, weakening the public
operations, and risking our very existence as a people.
But however strong the motives, which should have prompted a
compliance, it will not be disputed that some of the States may have
been in circumstances not to admit of the exertion, and whether this
incapacity has arisen from exterior violences, or the defects of
internal polity, or both, is in one sense immaterial, because the
eventual consequence is the same. Yet, though charity may for a time
overlook these defects, it becomes the duty of each State to apply a
remedy, if the evil be in its nature remediable; and should they
neglect what is in their power, they must expect complaints from
Congress, and the servants of Congress from the other States, and from
their own bosoms the admonitions of conscience, which will become more
poignant from every moment's delay.
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