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To James Madison from Alexander James Dallas, 29 June 1816

29 June 1816

Dear Sir,

The inclosed report gives you the result of our consultation on the Resolution of the 29. of April 1816. I entertained a doubt, for a moment, upon the power of the Treasury to make a discrimination in the terms of paying different descriptions of public debt and duties. I am satisfied, however, upon reflection, that the arrangment is indispensable for the accommodation of the country; and as the rule is a general one, applying to the kind of debt, and not to the person of the debtor, I perceive no breach of law, or of impartiality. As soon as the papers are returned to me with your opinion, I will act upon them. I am, Dear Sir, most respectfully & faithfully, Yr. obed Serv

A.J. Dallas


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