The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-04

l That does not designate the funds Except the i'm
post) which the whole interest is arise; and by
which Selecting the capital articles OF visible property
the collection would have been the funds productive
and necessarily increasing with the increase othe cou
I'd That the duration of the funds is not co-ex'ensve
with the debt but limited to twenty five years though
there moral certainty that N that period the priheP'
Will not by the present provision, be fairly extnguhed
3D. That the nomination and appointment oil the coec,
tors OF the revenue are to reside in each place
at.least the nomination being in the United states 'ne
consequence ofwhch will be that those which have
little interest in the funds by having small share oil the
public debt due their citizens will take to APP
point such persons least likely to collect mere
venue.
The evils resulting from these defects will be that in
instances the objects OF the VIII De lno'
pery chosen and will consist OF multitude OF te ar.
ticles which will experiment produce very ttie th
for want OF vigorous collection in every state inc re-
will be unproductive in many, and will fall chehy
upon those States which governed by most liberal
dences fhe public debt will not be transferable any
thing like their valuethat this not admitting an ncorpo
ton OF the creditors in the nature OF banks wiidePre
the public oil the benefit OF an increased crcuao anu
course will disable the people from paying the taxes oi
want Of sufficient medium
shall be happy be mistaken in my apprehensions
but the experiment must determine.
hope State will consent to the plan proposed pc
cause Is her interest at all events to promote thc
of the public debt Continental funds independent OF
the general consideration of union and propriety( am
much mistaken if the debts due from the United states 70
the citizens the State OF New York. do not considerably
exceed its proportion of the necessary funds oil course
has immediate interest that there should be Con-
that ought to operate in every State the obligations Of ma
tonal faith honor and reputation. Individuals have been
already long sacrificed to public enience hwil
be shocking and indeed eternal reproach to this cou
try if begin the peaceabe enjoyment OF our indepe
dence by violation Of all the principles OF honesty ana
| true policy.
isworthy of remark that least four hs of the do
nestle debt due to the citizens ofthe States from fe
sylvania inclusively northward.
have the Eonor to be- Sir,
Your most obedient servant,
A. HAMILTON.
PSI particularly interesting that the State should
havea representative here. Not only many matters are
depending which require full representation IN Con,
gress and there thin one but those matters are oil
nature particularly interesting to state, that we
ought not to be without avoce in them wish two other
gentlemen of the delegation appaar az soon as pos
sbe for would be very injurious to me to remain much
longer here. Having ne future views in public life,
to myself without delay enter upon the care OF my
private in earnest take the liberty to enc lose
your Exoelency aetter to Mr. lie Roy, and for Mr.
Floyd.