 | John Wilkes Richmond - 1855 - 236 Seiten
...that in 1795 these same consolidated notes of 1782, '83 and '84, underwent a second process of the kind, and were consolidated again, even from specie...ask upon what principle of justice or equity it is expedient to put them again through this process of diminution. Let us inquire, however, if the fact... | |
 | Henry Phillips - 1865 - 250 Seiten
...an acknowledged debt. And further, that they originated in a time of high prices, caused by a very depreciated paper currency, and therefore, if paid...should be scaled down to some equitable proportion ; and that if these claims should be paid in full, justice would require that the legislature should... | |
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... consolidation, and this unexaggerated history goes far to illustrate the practicability of the State's paying off a debt of $720,000 with £100,000 of depreciated paper money, as was attempted in 1786. It has been objected to the present claims that... 