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The New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
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From New York on Feb. 14, 1790: Packet from London reports calm and harmony in France's National Assembly. Anticipated Congress debate on Madison's securities payment scheme, criticized as enabling fraud. Close vote expected on assuming state debts, pivotal for government.
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We have a packet in from London to-day—All quiet in France, and going on in their National Assembly with great dispatch and harmony.
To-morrow an interesting debate is expected on Mr. Madison's scheme to pay the purchasers of Securities the highest average market price; and those who hold them the remainder.
A plan that will give immortality to peculation; and make sharpers, windlers and tricksters swarm through the land like the locusts of Egypt. Nemo omnibus horis sapit.
Those who have a knack at anticipation, tell us that on the question of assumption of the State debts, the numbers will be—for it 30, against it 29—so close as that—however, the weight of argument will prove the preponderating principle. I think that the fate of the government is suspended on a right decision on this important question.
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Domestic News Details
Primary Location
New York
Event Date
Feb. 14, 1790
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Packet from London reports all quiet in France with National Assembly proceeding in dispatch and harmony. Expected debate tomorrow on Madison's scheme to pay securities purchasers highest average market price and holders the remainder, criticized as promoting peculation and fraud. Anticipated close vote on state debts assumption: 30 for, 29 against, with argument to decide; fate of government at stake.