Front Page Titles (by Subject) TO GEORGE W. CAMPBELL. 1 - The Writings, vol. 8 (1808-1819)
The Online Library of Liberty
A project of Liberty Fund, Inc.
Search this Title:
TO GEORGE W. CAMPBELL. 1 - James Madison, The Writings, vol. 8 (1808-1819) 
The Writings of James Madison, comprising his Public Papers and his Private Correspondence, including his numerous letters and documents now for the first time printed, ed. Gaillard Hunt (New York: G.P. Putnam’s Sons, 1900). Vol. 8.
About Liberty Fund:
Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.
The text is in the public domain.
Fair use statement:
This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.
TO GEORGE W. CAMPBELL.1
Montpelier, May 25, 1814.
I have just rec’d your favor of the 23d. inclosing two letters from Mr. Astor. As the resource of loans to a considerable amount in addition to taxes is necessary to our Treasury, and as money is cheaper in Europe than here, especially whilst disaffection withholds the greater part of the capital from Market, it is obviously desirable that we should avail ourselves of the foreign market, now become the more practicable in consequence of the repeal of the Non. Imp. law and of the Independence of Holland. The question is as to the mode, and the choice lies between the appt. of an agency to bargain abroad for the public, and a bargain here with individuals who will act for themselves abroad. Each mode has its pros. & its cons. which I need not suggest. I lean at present to the latter mode as least difficult under all circumstances, but I leave myself open to the lights I may receive at Washington, where I expect to be by the first of next month. I propose to set out thither the day after tomorrow (friday). The weather however which is unsettled may prevent it. I shall then be able to speak with you also on the subject of Gen. Jackson & the Treaty with the Creeks. It will be matter of regret, if either the State of Tennessee or that distinguished officer should be finally dissatisfied. The enumerations to you on the subject, have not taken into view the relation of Georgia as well as Tennessee to the case, or the advantage in a general view from the circumstances, but of neither State having too much share in the demarkation of the Territory to be ceded, a part of the Union having a jealous eye on the particular interest they, Western States, take in Indian Affairs.
It is difficult to say what may be the effect of this feature of things in Europe, on our affairs, should it be truly represented by the late arrivals, and undergo no new changes. Much will ultimately depend on the disposition of Russia & the other great powers of the Continent towards us. Their interests evidently coincide with ours, in bringing England to peace with us, unless Eng. should let them carry on her trade with us as well as their own which is too contrary to her favorite maxims to be presumed. The danger is that her temporary ascendancy and her success in propagating false impressions of the principles & views of the U. S. may induce them to acquiesce in her measures agst. us.
Accept assurances of my esteem & regard.
[1 ]From a copy kindly furnished by Mrs. Susan P. Brown, of Spring Hill, Tenn.