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Relief of the States in 1842 letter on debt assumption
Hon. William C Johnson argues Congress has power to assume state debts when public interest requires, recounting the 1790 assumption, key figures like Madison Jefferson and Washington, and the political maneuvering that led to the measure. He cites Ohio canal finances and proposes methods to relieve debts, including selling stock and using surplus revenue, while delaying Miami Canal extension.
MENTIONED IN THIS ARTICLE
William Cost Johnson
Charles Carrol
Maryland
Washington
Congress
Smith
S. Carolina
Fisher,Ames
Mass
Madison
House
Hamilton
South Carolina
Secretary of the Treasury
Jefferson
House of Representatives
Philadelphia
Georgetown
Potomac
White & Lee
Robert Morris
Middle States
Charles Carroll
Carrollton
Senate
Fisher
Ames
Virginia
Great Britain
Alexander Hamilton
United States
England
Pennsylvania
Maine
W. Colt Johnson
Canal Fund Commissioners of
Ohio
General Assembly
Lin
Wabash and Erie
Muskingum
Tig Alhoneing
Hocking
Wabashana Erie
Miami Canal
Wabash and
Erie
Miami
Miami Extension
Defiance
Lake Erie
Ohio River
Maumee River
Cincinnati