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Jensen, Merrill; Kaminski, John P.; Saladino, Gaspare J. (ed.) / Ratification of the Constitution by the states: Pennsylvania
2 (1976)

A. Public and private commentaries on the Constitution, 17 September-6 October 1787,   pp. 130-172


Page 132

II. DEBATE OVER CONSTITUTION
adopt it as soon as your neighbors of New Jersey and Connecticut
who I am told will lose no time in giving it their sanction. We are
determined here to admire it and to take it for better [or] for worse.
Clear it is that unless we immediately agree to it America will repent
our neglect.
1. RC, Talbot Papers, Marine Historical Association, Mystic, Connecticut. Mifflin
was Speaker of the Assembly. Talbot, a New York landowner, had been first an
army officer and then a naval officer during the Revolution.
Matthew M'Connell to William Irvine,
Philadelphia, 20 September'
I have been favored with yours of the 13th and purchased the
bolting cloth, for which I paid five pounds ten shillings and delivered
it and the letter for your brother to Mr. Bryson. I should have answered
your letter sooner but waited to try if I could find what effect the
rising of the Convention might have upon state and continental credit.
People interested in these matters seem very much staggered, how-
ever, continental certificates have rose to be very current at 2/6,
and I was this morning offered 2/9 for five thousand dollars by a
stranger who has lately began to purchase. Our new loan are 4/ but
very few sellers and as few purchasers. Paper money cannot be said to
be better than 25 percent discount.
It appears to me that if the new federal government is adopted all
certificates will be alike, that is, the debt Pennsylvania has adopted
must revert back to the United States and rest upon their funds.
This would derange all our funding and land office laws it is true,
but perhaps it might be as well for the creditors in the end, provided
Congress get stable and permanent funds. The new government will
abridge the powers of state legislatures, and I suppose in some measure
impair their constitutions. These things I am afraid the people
will not readily consent to, and yet if they do not I am of opinion
America cannot exist as one nation; so that I see great difficulties
every way, and independent of the funding systems adopted by Penn-
sylvania and New York.2 These are my own private opinions. I have
not met with anybody yet who chose to speak very freely on the
subject. I suppose Congress will have it under consideration very
shortly.
P.S. [I] should be happy to know [how] the continental lands sell
at auction.
1. RC, Irvine Papers, PHi. M'Connell, a Philadelphia merchant, was the author
of An Essay on Domestic Debts . . . (Philadelphia, 1787). Irvine, a native of Carlisle,
132


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