

In the last place, though first in importance I shall ask-is there any thing doing, or that can be done to restore the credit of our currency? The depreciation of it is got to so alarming a point-that a waggon load of money will scarcely purchase a waggon load of provision.
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Uniformity in the currency, weights, and measures of the United States is an object of great importance, and will, I am persuaded, be duly attended to.
One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.
Your young military men, who want to reap the harvest of laurels, don't care (I suppose) how many seeds of war are sown; but for the sake of humanity it is devoutly to be wished, that the manly employment of agriculture and the humanizing benefits of commerce, would supersede the waste of war and the rage of conquest; that the swords might be turned into plough-shares, the spears into pruning hooks, and, as the Scripture expresses it, "the nations learn war no more."
It gives me very sincere pleasure to find that there is likely to be a coalition ... so well disposed to second your endeavours in bringing those murderers of our cause (the monopolizers, forestallers, and engrossers) to condign punishment. It is much to be lamented that each State long ere this has not hunted them down as the pests of society, and the greatest Enemys we have to the happiness of America. I would to God that one of the most attrocious of each State was hung in Gibbets upons a gallows five times as high as the one prepared by Haman. No punishment in my opinion is too great for the Man who can build his greatness upon his Country's ruin.
Don't forget what I discovered that over ninety percent of all national deficits from 1921 to 1939 were caused by payments for past, present, and future wars.
All the greatest economists, John Stuart Mill at their head, have always spoken of the evils of borrowing for the purposes of war, and have pointed out that as far as possible posterity should be relieved and the cost of what is consumed in the war be met at the time. That is a counsel of perfection, but nobody has ever come nearer to it than the late Chancellor of the Exchequer [Sir Kingsley Wood].
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