Sketches of the Lives And Judicial Services of the Chief-Justices of the Supreme Court of the United States

Cover Sketches of the Lives And Judicial Services of the Chief-Justices of the Supreme Court of the United States
Sketches of the Lives And Judicial Services of the Chief-Justices of the Supreme Court of the United States
George Van Santvoord
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814.
OLIVER ELLSWORTH. 241 of substantial justice. He was also dissatisfied with the Secretary's proposal of leaving one-third of the debt unfunded for ten years, as this measure he thought would tend to encourage speculations, and would leave, after ten years, a great burden upon the country, with little advantage to the creditors ; and these opinions, we are told, were supported by him " with all that boldness and reason which gave him a predominant influence in the Senate ; "* and also with
...so much of energy and success as finally to secure a compromise. It should be added, that he was warmly in favor of that part of Hamilton's plan, which proposed the funding of the debts of the States with the foreign debt, a proposition which had been rejected in the other house ; and he pressed this matter with so much vigor that the Senate finally agreed, by a small majority, to unite such portion of State debts as should be assumed. In the general funding bill, and so consolidate the whole in one system.^ Mr.

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