Gazette Of The United States

Extract of a letter from Boston, Feb. 3.

You have obliged me by the copy of Mr. Hamilton's system of finance—he has so well digested and explained his plan, that I am of opinion the opposition to it must be feeble, and cannot prevail so far as to effect any material alterations—the creditors in Massachusetts will cheerfully accede to his propositions; but will universally revolt at a reduction of the interest below four pr. cent. They are confident Mr. Hamilton's abilities are adequate to carrying his ideas into effect, with advantage to the community; and in particular that they will serve to create a beneficial medium, very much wanted, to put in motion the industry of the country—the constitution of this State was preserved in the late rebellion, through the exertions of the public creditors—and they contributed most essentially to the establishment of the general government—in this view, it appears of the last importance to the liberties of the people, which are inseparably connected with the constitution, to consolidate and secure the attachment of so influential a part of the community.