-Signers of the Declaration
-Signers of the A. O. C.
-Signers of the U. S. Constitution
-Wives of the Signers
The Life of Gouverneur Morris
and the actual loss that must eventually be sustained, by throwing into circulation a paper currency in the manner contemplated by the bill. The first fruits of his financial abilities, afterwards so clearly developed, are clearly seen in these juvenile essays. Among his closing remarks are the following.
'It is said,
that the imported foreign manufactures into this colony exceed the exports. If so, what will be our situation twenty
years hence, should this paper currency take effect? A question may naturally
arise here, why are the inhabitants of the colony so desirous of having it, if
it be so pernicious in its consequences? The answer is really, because they
know not those consequences, because they will not know them, because they are
in debt, and because, from a selfishness they ought to be ashamed of, they
would pay their debts at the expense of the province. The farmer owes money to the merchant, and
will be able, if this takes place, to pay it by taking up money at interest two
per cent cheaper than he can now. The
merchant, if the farmer pays him, can buy bills at an exorbitant price to pay
part of his debts in
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 14. 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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