The Writings of Thomas Jefferson, Vol. 6 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 6 (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
say then with him who was all candor and benevolence, "woe unto you, ye
lawyers, for ye lade men with burthens grievous to bear."
I think with you, that Priestley, in his comparison of the doctrines
of philosophy and revelation, did not do justice to the undertaking.
But he felt himself pressed by the hand of death. Enfield has given us
a more distinct account of the ethics of the ancient philosophers; but
the great work of which Enfield's is an abridgment, Brucker's History of
Philosophy, is the treasure which I would wish to possess, as a book of
reference or of special research only, for who could read six volumes
quarto, of one thousand pages each, closely printed, of modern Latin?
Your account of D'Argens' Œileus makes me wish for him also. Œileus
furnishes a fruitful text for a sensible and learned commentator. The
Abbé Batteaux, which I have, is a meagre thing.
You surprise me with the account you give of the strength of family
distinction still existing in your State. With us it is so totally
extinguished, that not a spark of it is to be found but lurking in the
hearts of some of our old tories; but all bigotries hang to one another,
and this in the Eastern States hangs, as I suspect, to that of the
priesthood. Here youth, beauty, mind and manners, are more valued than
a pedigree.
I do not remember the conversation between us which you mention in yours
of November 15th, on your proposition to vest in Congress the exclusive
power of establishing banks. My opposition to it must have been grounded,
not on taking the power from the States, but on leaving any vestige of
it in existence, even in the hands of Congress; because it would only
have been a change of the organ of abuse. I have ever been the enemy of
banks, not of those discounting for cash, but of those foisting their
own paper into circulation, and thus banishing our cash. My zeal against
those institutions was so warm and open at the establishment of the Bank
of the United States, that I was derided as a maniac by the tribe of
bank-mongers, who were seeking to filch from the public their swindling
and barren gains. But the errors of that day cannot be recalled. The evils
they have engendered are now upon us, and the question is how we are to
get out of them? Shall we build an altar to the old paper money of the
revolution, which ruined individuals but saved the republic, and burn
on that all the bank charters, present and future, and their notes with
them? For these are to ruin both republic and individuals. This cannot
be done. The mania is too strong. It has seized, by its delusions and
corruptions, all the members of our governments, general, special and
individual. Our circulating paper of the last year was estimated at two
hundred millions of dollars. The new banks now petitioned for, to the
several legislatures, are for about sixty millions additional capital,
and of course one hundred and eighty millions of additional circulation,
Public-domain text, read in full here on John Shaqi.
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