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Clasping the palms of his hands together, he murmurs,"0love!
What you say concerning the lumber exported from Canada is totally false. That country labors under many inconveniences which have hitherto prevented the exportation of that article, but in very small quantities, and of a particular kind. The places where the lumber grows are so far distant from the seaports that the expense of transportation is too great to make it worth while to ship any other than butt staves, and these must be brought quite from Lake Champlain. This disadvantage, together with the number of hands it would require, and the time necessary to enter extensively into any branch of trade, and to remove all the impediments naturally in the way, would render the situation of the West Indies truly pitiable, were they once necessitated to depend upon Canada only, for supplies of lumber.
The basic right of liberty is what America was founded on.
The attention of Mississippi is entirely engrossed in raising corn and indigo. The advantage arising from these articles is much greater than would result from lumber; and of course the people of that country will never attend to the latter in preference to the former.
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Hamilton’s frustration with what he perceived to be the utter worthlessness of Congress had been growing for years, and now, in the aftermath of his sustained research and writing on one aspect of the problem, he set out to advocate for his signature strong government nationalism in newspaper essays that appeared between July and August 1781 in the
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Hamilton resigned from Washington’s staff in February 1781 after three years as one of Washington’s closest aides. Although he was eager to acquire a battlefield command, while he waited for a new assignment, he continued his reading in political economy and finance. It was during this interlude that he wrote a long letter to Robert Morris, the newly named congressional superintendent of finance, congratulating him on his appointment, and offering his views on the requirements for establishing a sound credit and financial structure for the country. He ranged over topics from the amount of circulating media required, the tax burden sustainable by the nation, and a detailed plan for the creation of a national bank. Hamilton’s proposal for a bank was offered up as a means of making loans from Dutch bankers go further; stretching loans was a key concern, as it was by now the last resource Congress had, paper money issues having finally reached the point where another effort at note issue would simply not be accepted. Despite the ratification of the Articles of Confederation in February 1781, Congress was entirely dependent upon requisitions on the states.