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From Alexander Hamilton to George Washington, 18 August 1792, with enclosures

From: Hamilton Papers | Volumes | Volume XII | From Alexander Hamilton to George Washington, 18 August 1792, with enclosures

I am happy to be able, at length, to send you, answers to the objections, which were communicated in your letter of the 29th of July. They have unavoidably been drawn in haste, too much so, to do perfect justice to the subject, and have been copied just as they flowed from my heart and pen, without revision or correction. You will observe, that here and there some severity appears. I have not...
1   Object. The public Debt is greater than we can possibly pay before other causes of adding to it will occur; and this has been artificially created by adding together the whole amount of the Debtor and Creditor sides of the Account. Answer. The public Debt was produced by the late war. It is not the fault of the present government that it exists; unless it can be proved, that public...