Washington, George (1732-1799) to unknown
High-resolution images are available to schools and libraries via subscription to American History, 1493-1943. Check to see if your school or library already has a subscription. Or click here for more information. You may also order a pdf of the image from us here.
A high-resolution version of this object is available for registered users. LOG IN
Gilder Lehrman Collection #: GLC07878 Author/Creator: Washington, George (1732-1799) Place Written: Valley Forge, [Penn.] Type: Autograph letter signed Date: 21 April 1778 Pagination: 2 p. 23 x 20.4 cm
Washington, delays repaying a loan until the economy is more stable.
Signer of the U.S. Constitution.
Valley Forge Apl. 21st. 1778.
I have been favoured with your Letter of the 29th. uto.
I think with you, that a sterling debt cannot, with any degree of propriety, be discharged in currt. money at 33 1/3 p.Ct. because Bills will cost the purchaser 200 & have lately sold at 230.-- In this proportion most commodities have risen - But, as you do not raise many things for sale; as Rents and Currt. Money debts are discharged without having regard to this great difference, and the depreciation of the Paper Money from the quantity emitted; and as it would be equally hard upon  you to pay at this advanced exchange as upon Mr. Custis to receive at the old rate I should think the best way for both of you [inserted: wd. be] to let the debt stand till some more favorable opportunity offers to discharge it, as I have no idea that matters will long remain in the situation they are at present. Taxation must, I think reduce the price of every thing and restore the money to a proper degree of credit.-- with every sincere estm. & regard I am
Dr. Sir Yr. Most Obed. &
Affect. H. Servt.
The copyright law of the United States (title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Under certain conditions specified in the law, libraries and archives are authorized to furnish a photocopy or other reproduction. One of these specific conditions is that the photocopy or reproduction is not to be “used for any purpose other than private study, scholarship, or research.” If a user makes a request for, or later uses, a photocopy or reproduction for purposes in excess of “fair use,” that user may be liable for copyright infringement. This institution reserves the right to refuse to accept a copying order if, in its judgment, fulfillment of the order would involve violation of copyright law.