 | Alexander Hamilton - Biography & Autobiography - 1977 - 678 pages
...In his "Report Relative to a Provision for the Support of Public Credit," January 9, 1790, H wrote: "Persuaded as the Secretary is, that the proper funding...sometimes laid down, that 'public debts are public benefits,' a position inviting to prodigality, and liable to dangerous abuse, — that he ardently... | |
 | Herbert E. Sloan - Biography & Autobiography - 2001 - 396 pages
...the landed interest- would not sit well in Virginia.77 Nor, for that matter, would Hamilton's maxim that "the proper funding of the present debt, will render it a national blessing," a statement Hamilton must have come to regret he had ever committed to paper.78 For Virginians, such... | |
| |
Persuaded as the Secretary is, that the proper funding of the present debt will render it a national blessing; yet he is so far from acceding to the position, in the latitude in which it is sometimes laid down, that " public debts are public benefits,"... 
