Paying Our Debt to France
Document 1793In response to the request of the President to assess the application to redress the debt to France in an amount equivalent to three million livres, Jefferson, Knox, and Randolph favor providing the whole amount. Hamilton argues that the sum should not exceed $318,000 because of the effect of depreciation.
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Type
Modern Printed Transcription of Letter/Document
Description
In response to the request of the President to assess the application to redress the debt to France in an amount equivalent to three million livres, Jefferson, Knox, and Randolph favor providing the whole amount. Hamilton argues that the sum should not exceed $318,000 because of the effect of depreciation.
Date
02/25/1793
Author
Recipient
Sent from
Philadelphia
Collection
Document number
1793022500000
Note
The Document was approved by Jefferson, Hamilton, Knox, and Randolph. It is in the handwriting of Jefferson.
Notable persons
Thomas Jefferson, Secretary of State
Alexander Hamilton, Secretary of the Treasury
Henry Knox, Secretary of War
Edmund Randolph, Attorney General
the President [Washington]
Mr. Ternant
Notable locations
Philadelphia
Notable items
debt to France
depreciation of assignats
rule of liquidation
arrearages
derangement of the Treasury