Gazette Of The United States

DOMESTIC ARTICLES.

RICHMOND, (Virg.) November 17.

Extract from the Journal of the House of Delegates.

Resolved, That it is the opinion of this committee, That an act of the United States, intitled, "An act making provision for the debt of the United States," so far as the same pledges the faith of the United States, and appropriates funds for the payment of certain debts due by the several states in the union, will in its operation be highly injurious to those states, which have by persevering and strenuous exertions, redeemed a considerable proportion of the debt incurred by them, during the late war, and will particularly produce great injury to this state; because a large portion of the debt then contracted by this Commonwealth, having been already redeemed by the collection of heavy taxes levied on its citizens, and measures having been taken for the gradual payment of the balance, so as to afford the most certain prospect of extinguishing the whole at a period not very distant: the Commonwealth will, by the operation of the aforesaid act, be involved for the payment of debts contracted by other states, which either have not paid any part thereof themselves, or have reduced them but in a small proportion compared with the payments made by this state, by means whereof a heavy debt will be entailed on this state, which never can be extinguished by all its efforts, whilst any part of the debts contracted by any state in the American union, and so assumed shall remain unpaid.