Thomas Jefferson Papers

From Thomas Jefferson to Joseph Milligan, 13 April 1819

Monticello Apr. 13. 19.


I have mr Adams’s permission to make what use I think proper of the inclosed letter , in recommendation of the study of Tracy’s book on Political economy. the nation, and especially the wealthier portion of it which is in possession of the function of legislation, is unfortunately in willing bondage to the snares & seductions of the painted harlot of banking bubbles and there can be no remedy but by setting their minds to rights on this subject nothing else can rescue them from the delusion which leads them to encorage the application of our monied capital to usury rather than to the useful arts, manufactures agriculture and that sort of industry which creates and adds something to the wealth of our country. I think it would be well for you to print mr Adams’s letter on an 8vo leaf and prefix it to the volumes not yet sold, and even to send it to such purchasers as you know. perhaps it would be well to put it also into the public papers of widest circulation, not however accompanied by that I am now writing. I set off this day for Bedford and salute you with friendship & respect

Th: Jefferson

DLC: Papers of Thomas Jefferson.

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