Speech to Congress on Debt
April 22, 1790.
1
One of my colleagues
has asked a very proper question — If, as we have been told, the
assumption originated in the Convention, why were not words
inserted that would have incorporated and made the State debts
part of the debts of the United States? Sir, if there was a
majority who disapproved of the measure, certainly no argument
can be drawn from this source; if there was a majority who
approved of it, but thought it inexpedient to make it a part of
the Constitution, they must have been restrained by a fear that
it might produce dissensions and render the success of their
plan doubtful. I do recollect that such a measure was proposed;
and, if my memory does not deceive me, the very gentleman who
now appeals to the Constitution in support of his argument,
disrelished the measure at that time, and assigned for a reason,
that it would administer relief perhaps exactly in proportion as
the States had been deficient in making exertions.
[Footnotes as included
or written by Farrand]
1 Gerry, see CCLII
above.