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The Life of Gouverneur Morris
his doctrines at the beginning of the great revolutionary struggle, throughout which it will appear that he acted a bold, consistent, and distinguished part. His love of liberty and of country remained as ardent as ever, and his loyalty as firm, though devoted to a different object.
close of the year 1769 the Assembly of New York had a project for raising money
by issuing bills of credit, to be put out on a loan, with the view of
appropriating the interest to the payment of the debts of the colony, and for
other public exigences. It was
understood, that the government in
In the midst of the general excitement produced by these discussions, young Morris found himself drawn into the current, and though at that time but barely eighteen, he resolved to try his hand at the generous task of conveying light to the public mind. He wrote anonymously against the bill, and deprecated the evil of a paper currency, as no other than a mischievous pretence for putting off a day of payment, which must come at some time, and which ought to be met promptly by substantial funds collected from the resources of the province.
He went into an elaborate calculation, founded on the existing debt of the colony, and the annual amount of exports and imports, to show the ill effects such a measure would have on trade,
From The Life of Gouverneur Morris: With Selections from His Correspondence and Miscellaneous Papers; Detailing Events in the American Revolution, The French Revolution, and in the Political History of the United States, by Jared Sparks, Volume 1, Boston: Gray & Bowen, 1832, p 13. Some minor edits may have been made, but an attempt has been made to preserve the original spelling. Although some effort has been made to correct the limitations of OCR technology, if you find an error please report it to firstname.lastname@example.org.
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