FREE BOOKS

Author's List




PREV.   NEXT  
|<   267   268   269   270   271   272   273   274   275   276   277   278   279   280   281   282   283   284   285   286   287   288   289   290   291  
292   293   294   >>  
abolition of the slave trade. You know that nobody wishes more ardently to see an abolition, not only of the trade, but of the condition of slavery; and certainly, nobody will be more willing to encounter every sacrifice for that object. But the influence and information of the friends to this proposition in France will be far above the need of my association. I am here as a public servant, and those whom I serve, having never yet been able to give their voice against the practice, it is decent for me to avoid too public a demonstration of my wishes to see it abolished. Without serving the cause here, it might render me less able to serve it beyond the water. I trust you will be sensible of the prudence of those motives, therefore, which govern my conduct on this occasion, and be assured of my wishes for the success of your undertaking, and the sentiments of esteem and respect, with which I have the honor to be, Sir, your most obedient humble servant. TO MR. DUMAS. PARIS, Feb. 12, 1788. SIR,--I have duly received your favor of the 5th inst. enclosing that for Mr. Jay. The packet was gone, as I presume, but I have another occasion of forwarding it securely. Your attentions to the Leyden gazette are, in my opinion, very useful. The paper is much read and respected. It is the only one I know in Europe which merits respect. Your publications in it will tend to re-establish that credit which the solidity of our affairs deserve. With respect to the sale of lands, we know that two sales of five millions and two millions of acres have been made. Another was begun for four millions, which, in the course of the negotiation, may have been reduced to three millions, as you mention. I have not heard that this sale is absolutely concluded, but there is reason to presume it. Stating these sales at two-thirds of a dollar the acre, and allowing for 3 or 400,000 acres sold at public sale, and a very high price, we may say they have absorbed seven millions of dollars of the domestic federal debt. The States, by taxation and otherwise, have absorbed eleven millions more: so that debt stands now at about ten millions of dollars, and will probably be all absorbed in the course of the next year. There will remain then our foreign debt, between ten and twelve millions, including interest. The sale of lands will then go on for the payment of this. But, as this payment must be in cash, not in public effects, the lands must be sold
PREV.   NEXT  
|<   267   268   269   270   271   272   273   274   275   276   277   278   279   280   281   282   283   284   285   286   287   288   289   290   291  
292   293   294   >>  



Top keywords:

millions

 

public

 
absorbed
 

respect

 

wishes

 
dollars
 

presume

 

occasion

 

abolition

 

payment


servant

 

interest

 
Another
 

negotiation

 
foreign
 
twelve
 
including
 

credit

 

Europe

 

effects


respected

 

merits

 
publications
 

reduced

 

solidity

 

affairs

 
establish
 

deserve

 

taxation

 

States


federal

 

stands

 

domestic

 

concluded

 

absolutely

 

mention

 

eleven

 
reason
 

dollar

 

allowing


thirds

 

Stating

 
remain
 
practice
 

decent

 

render

 

serving

 
demonstration
 

abolished

 

Without