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2i4 CORRESPONDENCE AND PUBLIC PAPERS.
those of other States. Taxation is the only honest and
rational remedy for the depreciation of the Currency, but I
fear it will be too slow in its operation to answer the present
purpose and recourse must be had to other expedients. An
internal compulsory loan appears the most eligible; and I
would therefore propose that Estates to a certain Amount
should be obliged to advance a certain Sum on loan to the
public. Our separate effort will avail little, but I beleive if
a plan of this kind was recommended by Congress and
adopted by all the States very considerable sums might be
raised. I could wish to be favored with your sentiments
before the Legislature meets. It does not appear to me
improper to take this method for cancelling our own emissions. Inclosed you have a list of the members chosen at
the last Election in those instances where I have been able
to procure the Names.
I congratulate you upon the Commencement of the third
year of our Independence. We have at last secured a possession which among the lawyers is esteemed a Considerable
point gained. My best respects to Messs- Duane and Morris.
I am most sincerely yours
Egbt- Benson.
N. B. Holt in his last paper published the resolutions
moved for by our delegates. We are at a loss to know
where he obtained a Copy.
Poughkeepsie July 6th, 1779,
JAY TO GOVERNOR CLINTON.
Philadelphia, August 27, 1779.
Dear Sir :
If New York and New Hampshire, by acts of their
respective Legislatures, will authorize Congress to
settle the line between them, and if New York will
| Title | The correspondence and public papers of John Jay - 1 |
| Creator | Jay, John |
| Type | Books/Pamphlets |
| Title | 00000245 |
| Type | Books/Pamphlets |
| Transcript | 2i4 CORRESPONDENCE AND PUBLIC PAPERS. those of other States. Taxation is the only honest and rational remedy for the depreciation of the Currency, but I fear it will be too slow in its operation to answer the present purpose and recourse must be had to other expedients. An internal compulsory loan appears the most eligible; and I would therefore propose that Estates to a certain Amount should be obliged to advance a certain Sum on loan to the public. Our separate effort will avail little, but I beleive if a plan of this kind was recommended by Congress and adopted by all the States very considerable sums might be raised. I could wish to be favored with your sentiments before the Legislature meets. It does not appear to me improper to take this method for cancelling our own emissions. Inclosed you have a list of the members chosen at the last Election in those instances where I have been able to procure the Names. I congratulate you upon the Commencement of the third year of our Independence. We have at last secured a possession which among the lawyers is esteemed a Considerable point gained. My best respects to Messs- Duane and Morris. I am most sincerely yours Egbt- Benson. N. B. Holt in his last paper published the resolutions moved for by our delegates. We are at a loss to know where he obtained a Copy. Poughkeepsie July 6th, 1779, JAY TO GOVERNOR CLINTON. Philadelphia, August 27, 1779. Dear Sir : If New York and New Hampshire, by acts of their respective Legislatures, will authorize Congress to settle the line between them, and if New York will |
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