But this view being in prospect only, should not affect the quantum of tax which the former circulation pronounces necessary. Our creditors have a right to certainty, and to consider these political speculations as make-weights only to that, and at our risk, not theirs. To us belongs only the comfort of hoping an earlier liberation than that calculation holds out, and the right of providing expressly that the tax hypothecated shall cease so soon as the debt it secures shall be actually reimbursed; and I will add that to us belongs also the regret that improvident legislators should have exposed us to a twenty years' thraldom of debts and taxes, for the necessary defence of our country, where the same contributions would have liberated us in eight or nine years; or have reduced us perhaps to an abandonment of our rights, by their abandonment of the only resource which could have ensured their maintenance. I omit many considerations of detail because they will occur to yourself, and my letter is too long already. I can refer you to no book as treating of this subject fully and suitably to our circumstances. Smith gives the history of the public debt of England, and some views adapted to that; and Dr. Price, in his book on annuities, has given a valuable chapter on the effects of a sinking fund. But our business being to make every loan tax a sinking fund for itself, no general one will be wanting; and if my confidence is well founded that our original import, when freed from the revolutionary debt, will suffice to embellish and improve our country in peace, and defend her in war, the present may be the only occasion of perplexing ourselves with sinking funds. Should the injunctions under which I laid you, as to my former letter, restrain any useful purpose to which you could apply it, I remove them; preferring public benefit to all personal considerations. My original disapprobation of banks circulating paper is not unknown, nor have I since observed any effects either on the morals or fortunes of our citizens, which are any counterbalance for the public evils produced; and a thorough conviction that, if this war continues, that circulation must be suppressed, or the government shaken to its foundation by the weight of taxes, and impracticability to raise funds on them, renders duty to that paramount to the love of ease and quiet. When I was here in May last, I left it without knowing that Francis was at school in this neighborhood. As soon as I returned, on the present occasion, I sent for him, but his tutor informed me that he was gone on a visit to you. I shall hope permission for him always to see me on my visits to this place, which are three or four times a year. FOOTNOTE: [5] [A lapse of memory, not having the letter to recur to.] JOHN ADAMS TO THOMAS JEFFERSON. QUINCY, September 14, 1813.