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Ratification of the Constitution by the states. Microform supplement: Delaware
([1978])

Timoleon, Pennsylvania packet, 15 June 1787,   pp. 16-23


Page 17

17
Funds have been provided for the payment of most
of the debts due from the state to individuals, except
the depreciation certificates; and on these five years
interest has been paid.
The citizens of this state hold their proportion-
able share of loan office certificates and other liqui-
dated debts due from the United States. The interest
on these would be effectually provided for, by the
annual requisition of Congress, could our virtuous
legislature only be prevailed on to maintain good faith,
and observe their own solemn treaties, with the United
States in Congress assembled.
This statement shews we need but a small scale of
finance; and that it might be easily and effectually
managed by honest men. But mark the sequel, wherein I
shall select such recent instances of perfidy, injustice,
and oppression, as must strike every intelligent reader
with amazement.
The state assumed the depreciation debt in Feb.
1782: but no fund has been provided to this day, for the
payment of principal or interest, except the five years
interest before specified, by certain resolutions of the
general assembly passed in April 1784 and June 1785.


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