Dismal State of U.S. and European Fiscal Affairs
Document 1799Adams waxes depressedly about the state of U.S. financial affairs, comparing them to the similar dismal state of "debt and taxes" in Europe.
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[Docketing on cover sheet: 27th July, 1799 / President of the U.S.]
[Written vertically on left of cover sheet: Quincy July 27. 1799]
Quincy July 27. 1799
Sir
I have recd your favour of the 20th. and have no Objection to the plan you propose of raising a Company of Cavalry, — as "our means"! I never think of our means without Shuddering! All the Declamations as well as Demonstrations of Trenchard & Gordon, Bolingbroke Bernard & Walpole, Hume, Burgh and Burke, rush upon my Memory and frighten me out of my Witts. The System of Debt and Taxes is levelling all Governments in Europe; We have, a Career to run to be Sure and Some time before [strikethrough: us] to pass before we arrive at the European Crisis. But we must ultimately go the Same Way. There is no practicable or imaginable Expedient to Escape it, that I can conceive.
J. Adams
Secretary of War.
Type
Autograph Letter Signed
Description
Adams waxes depressedly about the state of U.S. financial affairs, comparing them to the similar dismal state of "debt and taxes" in Europe.
Date
07/27/1799
Author
Recipient
Sent from
Quincy
Repository
Collection
Document number
1799072740001
Page start
1
Notable persons
James McHenry
John Adams
Trenchard
Gordon
Bolingbroke
Barnard
Walpole
Hume
Burgh
Burke
Secretary of War
President United States
cavalry
Notable locations
Quincy
Massachusetts
Europe
Great Britain
Notable items
rush upon my memory and frighten me out of my witts
system of debts and taxes is levelling all government in Europe
arrive at the European crisis
practicable or imaginable expedient to escape
rec'd your favor
objection to the plan you propose of raising a company of cavalry
think of our means without shuddering
declarations as well as demonstrations

