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Editorial
August 18, 1803
Alexandria Advertiser And Commercial Intelligencer
Alexandria, Virginia
What is this article about?
Satirical critique mocking Democrats and President Jefferson's financial acumen in the Louisiana purchase, comparing his private debt payments to public expenditures, suggesting it's not a bargain.
Clipping
OCR Quality
98%
Excellent
Full Text
Perhaps our democrats will say, that as Mr. Jefferson has the peculiar knack of making a small sum go a great way in the payment of private debts he can, by applying the same rule to the payment of public monies, render the purchase of Louisiana a cheap bargain. If so, then, if £3 10 will pay a debt of £. 50. * including eight year's interest, how much will the payment of 15,000,000 dollars require; the result of this simple question will show the true principle of democratic calculation, and prove that the Louisiana purchase is not so bad a bargain as some may have imagined.
(Lansingburgh Gaz.)
Vide account of a payment made by a certain great man to Gabriel Jones.
(Lansingburgh Gaz.)
Vide account of a payment made by a certain great man to Gabriel Jones.
What sub-type of article is it?
Partisan Politics
Economic Policy
What keywords are associated?
Louisiana Purchase
Jefferson
Democratic Calculation
Public Debt
Private Debts
What entities or persons were involved?
Mr. Jefferson
Democrats
Gabriel Jones
Editorial Details
Primary Topic
Critique Of Louisiana Purchase Costs Under Jefferson
Stance / Tone
Satirical Criticism Of Democrats
Key Figures
Mr. Jefferson
Democrats
Gabriel Jones
Key Arguments
Jefferson's Private Debt Payment Method Applied To Public Louisiana Purchase
Small Sum Paying Large Debt With Interest Questions Bargain Value
Democratic Calculations Flawed, Purchase Not Cheap