Thomas Jefferson, the Apostle of AmericanismChinard, Gilbert
History
Thomas Jefferson, the Apostle of Americanism
Chinard, Gilbert
Jefferson, Thomas, 1743-1826
Even greater obstacles were encountered by Jefferson and Lafayette in
their effort to develop commercial transactions with New England. The
negotiations extended over three years and would be worth relating in
detail.[129] Jefferson, bent on breaking customs barriers and obtaining
free entrance for the products of New England fisheries, brought forward
every possible argument to fight the doctrine of commercialism and
summed up his case in a letter sent to Lafayette, but evidently intended
for the committee. There for the first time he pointed out the necessary
connection existing between the tariff question and the repayment of the
French debt. The problem of "transfers" is not a new one, and
Jefferson's reasoning sounds strangely familiar to all those who have
paid any attention to our present problems of debt settlement,
reparations, and tariff. The following passage seems particularly worth
quoting:
On running over the catalogue of American imports, France will
naturally mark out those articles which she could supply us to
advantage; and she may safely calculate, that, after a little time
shall have enabled us to get rid of our present incumbrances, and
some remains of attachment to the particular forms of manufacture to
which we have been habituated, we shall take those articles which she
can furnish, on as good terms as other nations, to whatever extent
she will enable us to pay for them. It is her interest therefore, as
well as ours, to multiply the means of payment. These must be found
in the catalogue of our exports, and among these will be seen neither
gold nor silver. We have no mines of either of those metals. Produce
therefore is all we can offer.[130]
The conclusion was that it was imperative to obtain such abatement of
duties and even such exemptions as the importance of the article might
justify, in the hope that his country would be enabled to build up a
commercial credit of about 275,000 louis, which would provide for the
service and amortization of the American debt to France.
Public-domain text, read in full here on John Shaqi.
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