Gorham discusses the federal assumption of state debt with Knox
Document 1790Letter, discusses assumption of state debts.
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My dear Sir [Gorham] Boston Jany 21st 1790
We understand here that Mr Hamiltons report on finance was to be made on Thurs day last — various are the conjectures on the nature of it many suppose that a proposal for the assumption of the State debts will make a part of it — The Antis generally and some Federalists who are under appre hensions for the support of the State Governments will be opposed to the assumption and the former have very generally circulated an idea that the People will be subjected to a very heavy and perpetual Land tax in conse quence of it — this is a most powerful Engine with which to work and will if the consent of the States is necessary totally defeat the measure — I would therefore suggest to you — whether the plan may not be so constructed as to remove the fears of the People on that head — they will not be averse I believe to give up all other [undecipherable] — do suggest the business in such manner as you know very well how to do — I have been [undecipherable]
[55 24 p. 335-1040]
Type
Autograph Letter Signed
Description
Letter, discusses assumption of state debts.
Date
01/20/1790
Author
Recipient
Sent from
Boston
Repository
Collection
Document number
1790012040101
Page start
1
Notable persons
Henry Knox
Nathaniel Gorham
Ellicot
Hamilton
Notable locations
Boston
Notable items
report on finance
various are the conjectures on the nature of it
proposal for the assumption of the state debts
some federalists who are under apprehensions for the support of the state governments
generally circulated an idea that the people will be subjected to a very heavy and perpetual land tax in consequence
most powerful engine
consent of the states
defeat the measure
remove the fears of the people
transfer of our bonds for the benefit of the nation
write me fully upon every thing

