Читать книгу Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 2 - Томас Джефферсон, Thomas Jefferson - Страница 38

TO SAMUEL OSGOOD.

Paris, January 5, 1787.

Dear Sir,

I am desired to forward to you the enclosed queries, and to ask the favor of you to give such an answer to them, as may not give you too much trouble. Those which stand foremost on the paper, can be addressed only to your complaisance; but the last may possibly be interesting to your department, and to the United States. I mean those which suggest the possibility of borrowing money in Europe, the principal of which shall be ultimately payable in land, and in the mean time, a good interest. You know best whether the suggestion can be turned to any profit, and whether it will be worth while to introduce any proposition to Congress thereon. Among the possible shapes into which a matter of this kind may be formed, the following is one. Let us suppose the public lands to be worth a dollar, hard money, the acre. If we should ask of a monied man a loan of one hundred dollars, payable with one hundred acres of land at the end of ten years, and in the mean time, carrying an interest of five per cent., this would be more disadvantageous to the lender than a common loan, payable ultimately in cash. But if we should say, we will deliver you the one hundred acres of land immediately, which is in fact an immediate payment of the principal, and will nevertheless pay your interest of five per cent., for ten years, this offers a superior advantage, and might tempt money-holders. But what should we in fact receive, in this way, for our lands? Thirty-seven dollars and one fourth, being left in Europe, on an interest of five per cent., would pay annually the interest of the one hundred dollars for ten years. There would remain then only sixty-two dollars and three quarters, for the one hundred acres of land; that is to say, about two thirds of its price. Congress can best determine, whether any circumstances in our situation, should induce us to get rid of any of our debts in that way. I beg you to understand, that I have named rates of interest, term of payment and price of land, merely to state the case, and without the least knowledge that a loan could be obtained on these terms. It remains to inform you, from whom this suggestion comes. The person from whom I receive it, is a Monsieur Claviere, connected with the monied men of Amsterdam. He is, on behalf of a company there, actually treating with the Comptroller General here, for the purchase of our debt to this country, at a considerable discount. Whether he has an idea of offering a loan to us, on terms such as I have above spoken of, I know not; nor do I know that he is authorized to make the suggestion he has made. If the thing should be deemed worthy the attention of Congress, they can only consider it as a possibility, and take measures to avail themselves of it, if the possibility turns out in their favor, and not to be disappointed if it does not. Claviere’s proposition not being formal enough for me to make an official communication of it, you will make what use of it you see best.

I am, with very sincere esteem and attachment, Dear Sir, your most obedient

and most humble servant,

Th: Jefferson.