The Works of Alexander Hamilton: Comprising His Correspondence ..., volume 5

Cover The Works of Alexander Hamilton: Comprising His Correspondence ..., volume 5
The Works of Alexander Hamilton: Comprising His Correspondence ..., volume 5
Alexander Hamilton, John Church Hamilton
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I answer, 1st. That there existed before no rightful or moral power ; and, notwithstanding the treaty, there will still exist a power without right or morality. The treaty only adds the sanction of an ex- press, to what was before an implied pledge of the public faith.
The one may be still violated as well as the other ; and the only use of the article will be, to give prudent and good men an ac'di- tional argument against an act of national iniquity.
2d. That the fear of the exercise of this p
...ower has not hitherto appeared to be a check upon Great Britain ; and the menace of Digitized by Google iET.88.] TREATY WITH GREAT BRITAIN. 123 its exercise can never take place without doing ourselves more harm than good, by tarnishing our honor and shaking our credit 8d That war itself acts as a virtual sequestration of pro- perty, by interrupting the course of remittances ; and the gov- ernment by interfering does little more than render itself liable fin: the dilapidations of vicious individuals who take advantage of the circumstance; since treaties of peace, unless one party is totally prostrate, will never fail to reinstate private debts.

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