[The Life of George Washington, Vol. 3 (of 5) by John Marshall]@TWC D-Link bookThe Life of George Washington, Vol. 3 (of 5) CHAPTER XI 9/67
The occasion required that he should bring his private credit in aid of the public resources, and pledge himself personally and extensively, for articles of absolute necessity which could not be otherwise obtained. Condemning the system of violence and of legal fraud, which had too long been practised, as being calculated to defeat its own object, he sought the gradual restoration of confidence by the only means which could restore it:--a punctual and faithful compliance with his engagements.
Herculean as was this task in the existing derangement of American finances, he entered upon it courageously; and, if not completely successful, certainly did more than could have been supposed possible with the means placed in his hands.
It is, in no inconsiderable degree, to be attributed to him, that the very active and decisive operations of the campaign were not impeded, perhaps defeated, by a failure of the means for transporting military stores, and feeding the army. On determining to enter on the duties of his office, Mr.Morris laid before congress the plan of a national bank, whose notes were to be receivable from the respective states as specie, into the treasury of the United States.
Congress gave its full approbation to this beneficial institution; and passed an ordinance for its incorporation. Important as was this measure to the future operations of the army, a contract entered into with the state of Pennsylvania was of still more immediate utility. After furnishing flour to relieve the wants of the moment on his private credit, Mr.Morris proposed to take on himself the task of complying with all the specific requisitions made on Pennsylvania, and to rely for reimbursement on the taxes imposed by law, to be collected under his direction.
This proposition being accepted, the contract was made; and supplies which the government found itself unable to furnish, were raised by an individual. [Sidenote: Count Rochambeau marches to the North River.] As the French troops approached the North River, intelligence was received that a large detachment from New York had made an incursion into Jersey, under appearances indicating an intention not to return immediately.
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