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Subject Area: Economics
Subject Area: Political Theory

GALLATIN TO CALEB CUSHING, M.C. - Albert Gallatin, The Writings of Albert Gallatin, vol. 2 [1879]

Edition used:

The Writings of Albert Gallatin, ed. Henry Adams (Philadelphia: J.B. Lippincott, 1879). 3 vols.

Part of: The Writings of Albert Gallatin, 3 vols.

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GALLATIN TO CALEB CUSHING, M.C.

I write with difficulty, and have on hand a work which must be terminated this week, and will occupy me exclusively to the end of it. I have only time to acknowledge the receipt of your letter of the 23d, and to say that I am averse to the issuing of a paper currency, by government, of the same character as bank-notes, as contemplated by the report of the Secretary of Treasury, and equally so to government dealing in any way in exchanges, otherwise than for its express wants and purposes. If health and strength permit, I will try, in the course of next week, to state to you the reasons on which my opinion is founded.

I have, &c.