Document, 1794 June 09

Title:
Document, 1794 June 09
Library Location:
Rare Book & Manuscript Library, Columbia University
Browse Location’s Digital Content
Name:
Coxe, Tench, 1755-1824; Jay, John, 1745-1829
Format:
correspondence
Digital Project:
Papers of John Jay
Date:
1794 June 09
Note:
The entire content of the original has been digitized.
Physical Description:
2
Subjects:
United States--History--Revolution, 1775-1783; Jay, John, 1745-1829
Summary:
Acts of late session of Congress. Satisfied with new penal laws on violation of neutrality and revenue measures. No internal revenue measures of an "inconvenient nature" had to be passed. Excise taxes from spirits bring in as much as expected. Hopes for peace have brought little rise in United States funds. This shows that it was not fear of war, but more attractive outlets for investment in Europe that drew capital from sale of United States bonds and bank stocks by large holders have made broader holding of property possible. All to good. Feels there is nothing to worry about in fiscal situation or state of United States credit.
Identifier:
columbia.jay.09822

Document, 1794 June 09