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Subject Area: Political Theory
Topic: The American Revolution and Constitution

TO CHARLES LEE. - George Washington, The Writings of George Washington, vol. XI (1785-1790) [1891]

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. XI (1785-1790).

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

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.


TO CHARLES LEE.

Dear Sir,

I am very sorry I have not yet been able to discharge my account with the James River Company, for the amount of which you presented me with an order.

The almost total loss of my crop last year by the drought, which has obliged me to purchase upwards of eight hundred barrels of corn, and my other numerous and necessary demands for cash, when I find it impossible to obtain what is due to me by any means, have caused me more perplexity and given me more uneasiness than I ever experienced before from the want of money. In addition to the disappointments, which I have met with from those who are indebted to me, I have in my hands a number of indents and other public securities, which I have received from time to time as the interest of some Continental loan-office certificates, which are in my possession. As I am so little conversant in public securities of every kind, as not to know the use or value of them, and hardly the difference of one species from another, I have kept them by me from year to year without having an idea that they would depreciate, as they were drawn for interest, and never doubting but they would be received in payment of taxes at any time, till I have found by the revenue law of the last session, that only a particular description of them will pay the taxes of the year 1787. The others pay all arrearages of taxes, and I am informed are not worth more than two shillings and sixpence in the pound. The injustice of this measure is too obvious and too glaring to pass unobserved. It is taxing the honest man for his punctuality, and rewarding the tardy or dishonest with the sum of seventeen shillings and sixpence in every pound which is due from him for taxes. As you are now in Richmond I take the liberty of enclosing to you (in a letter from Mr. Pendleton) a certificate for a negro executed in the year 1781, amounting to £69, which I will thank you to negotiate for me there upon the best terms you can and pay the proceeds thereof in behalf of what is due from me to the James River Company.—The principal for the negro, and three years interest thereon (which is all that was allowed) amounted to £133, which was divided into two certificates, one receivable in the taxes now due, which I retain to discharge part of my taxes for the year 1787, and the other you have with this. Upon what principle of justice interest is allowed on the above certificates from the 1st of Jany, 1785 only my ideas are not sufficiently comprehensive to understand, and if it should fall in your way to inquire, should be glad to know; as also what will or is likely to be the final result of my holding the certificates, which have been given to me for interest of the money I lent the public in the day of its distress. I am well apprized, that these are negotiable things as above, and when a person is obliged to part with them, he must, as with other commodities at market, take what they will fetch; but the object of my inquiry is to know what the final end of them will be if retained in my chest. Strange indeed it seems, that the public officers should take in the original certificates, issued new by a scale of their own, reducing the money, as they say, to specie value, give warrants for interest accordingly, and then, behold! these specie warrants are worth two shillings and sixpence in the pound. To commit them to the flames, or suffer this, is a matter of indifference to me. There can be no justice, where there are such practices. You will pardon me for dwelling so long upon this subject. It is a matter, which does not concern me alone, but must affect many others. With great esteem and regard, I am, &c.