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Subject Area: War and Peace
Topic: The American Revolution and Constitution

TO LUND WASHINGTON. [EXTRACT.] - George Washington, The Writings of George Washington, vol. VIII (1779-1780) [1890]

Edition used:

The Writings of George Washington, collected and edited by Worthington Chauncey Ford (New York and London: G. P. Putnam’s Sons, 1890). Vol. VIII (1779-1780).

Part of: The Writings of George Washington, 14 vols.

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Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


TO LUND WASHINGTON.

[EXTRACT.]

Some time ago (but how long I cannot remember) you applied to me to know if you should receive payment of Genl. Mercer’s Bonds, and of the bond due from the deceased Mr. Mercer’s estate to me; and was, after animadverting a little upon the subject, authorized to do so.—Of course I presume the money has been received.—I have since considered this matter in every point of view my judgment enables me to place it, and am resolved to receive no more old debts (such I mean as were contracted and ought to have been paid before the war) at the present nominal value of the money, unless compelled to it, or it is the practice of others to do it. Neither justice, reason, nor policy requires it. The law undoubtedly was well designed. It was intended to stamp a value, and give a free circulation to, the paper bills of credit; but it never was nor could have been intended to make a man take a shilling or sixpence in the pound for a just debt, wch. he is well able to pay, and thereby involve’g himself in ruin. I am as willing now, as I ever was, to take paper money for every kind of debt, and at its present depreciated value for those debts, which have been contracted since the money became so; but I will not in future receive the nominal sum for such old debts as come under the above description, except as before excepted.

The fear of injuring, by any example of mine, the credit of our paper currency, if I attempted to discriminate between the real and nominal value of Paper money, has already sunk me a large Sum, if the bonds before mentd. are paid off; the advantage taken in doing which no man of honor or common honesty can reconcile to his own feelings and conscience; not as it respects me, do I mean, but transactions of this kind generally. The thing which induces me to mention the matter to you at present is, the circumstance you have related respecting the wages of Roberts, which you say, (according to his demands,) will amount to upwards of £2000, and comes to as much for the Service of a Common miller for one year only, as I shall get for 600 acres of land sold Mercer in the best of times and in the most valuable part of Virginia, that ought to have been pd. for before the money began to depreciate; nay, years before the war. This is such a manifest abuse of reason and justice that no arguments can reconcile it to common sense or common honesty. Instead of appealing to me, who have not the means of informatn., or knowledge of common usage and practice in matters of this kind in the State, or the Laws that govern there, I wish you would consult men of honor, honesty, and firm attachment to the cause, and govern yourself by their advice, or by yr. conduct. If it be customary with others to receive money in this way, that is, 6d or 1/ in the pound for old debts; if it is thought to be advancive of the great cause we are embarked in for individuals to do so, thereby ruining themselves while others are reaping the benefit of such distress; if the Law imposes this, and it is thought right to submit, I will not say aught against or oppose another word to it. No man has, nor no man will go, further to serve the Public than myself. If sacrificing my whole Estate would effect any valuable purpose, I would not hesitate one moment in doing it. But my submitting to matters of this kind, unless it is done so by others, is no more than a drop in the bucket. In fact, it is not serving the public, but enriching individuals, and countenancing dishonesty; for sure I am, that no honest man would attempt to pay 20/ with one, or perhaps half of one. In a word, I had rather make a present of the Bonds, than receive payment of them in so shameful a way. I am, &c.