The Writings of Thomas Jefferson, Vol. 7 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
Philosophy
The Writings of Thomas Jefferson, Vol. 7 (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
I thank you, dear Sir, for the information in your favor of the 4th
instant, of the settlement, _for the present_, of the Missouri question.
I am so completely withdrawn from all attention to public matters, that
nothing less could arouse me than the definition of a geographical line,
which on an abstract principle is to become the line of separation of
these States, and to render desperate the hope that man can ever enjoy
the two blessings of peace and self-government. The question sleeps for
the present, but is not dead. This State is in a condition of unparalleled
distress. The sudden reduction of the circulating medium from a plethory
to all but annihilation is producing an entire revolution of fortune.
In other places I have known lands sold by the sheriff for one year's
rent; beyond the mountain we hear of good slaves selling for one hundred
dollars, good horses for five dollars, and the sheriffs generally
the purchasers. Our produce is now selling at market for one-third
of its price, before this commercial catastrophe, say flour at three
and a quarter and three and a half dollars the barrel. We should have
less right to expect relief from our legislators if they had been the
establishers of the unwise system of banks. A remedy to a certain degree
was practicable, that of reducing the quantum of circulation gradually
to a level with that of the countries with which we have commerce, and
an eternal abjuration of paper. But they have adjourned without doing
anything. I fear local insurrections against these horrible sacrifices
of property. In every condition of trouble or tranquillity be assured
of my constant esteem and respect.
TO MR. ADAMS.
MONTICELLO, March 14, 1820.
Public-domain text, read in full here on John Shaqi.
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