The Writings of Thomas Jefferson, Vol. 1 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 1 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and Private
Jefferson, Thomas
United States -- Politics and government -- 1775-1783; United States -- Politics and government -- 1783-1865
Mons, Bruxelles, Malines, Antwerp, Mordick, and Rotterdam, to the
Hague, where I happily found Mr. Adams. He concurred with me at once
in opinion, that something must be done, and that we ought to risk
ourselves on doing it without instructions, to save the credit of the
United States. We foresaw, that before the new government could be
adopted, assembled, establish its financial system, get the money into
the Treasury, and place it in Europe, considerable time would elapse;
that, therefore, we had better provide at once, for the years '88, '89,
and '90, in order to place our government at its ease, and our credit
in security, during that trying interval. We set out, therefore, by
the way of Leyden, for Amsterdam, where we arrived on the 10th. I had
prepared an estimate, showing that
Florins.
There would be necessary for the year '88--531,937-10
'89--538,540
'90--473,540
------------
Total, 1,544,017-10
Florins.
To meet this,
the bankers had in hand, 79,268-2-8
and the unsold bonds
would yield, 542,800 622,068-2-8
------- -----------
Leaving a deficit of 921,949-7-4
We proposed then to borrow a million,
yielding 920,000
-----------
Which would leave a small deficiency of 1,949-7-4
Public-domain text, read in full here on John Shaqi.
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