Essays of Benjamin Franklin

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Monograph

Identifikator:: 1752429486

URN:: urn:nbn:de:zbw-retromon-127700

Document type:: Monograph

Author:: Franklin, Benjamin http://d-nb.info/gnd/118534912

Title:: Essays of Benjamin Franklin

Place of publication:: New York

Publisher:: G. P. Putnam's Sons

Year of publication:: 1927

Scope:: xi, 273 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

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Title:: XVIII. Vindication and offer from congress to parliament

Collection:: Economics Books

19¢ Benjamin Franklin [1775 might otherwise be expected from us in time of peace. And we hereby declare that on a reconcilia- tion with Britain we shall not only continue to grant aids in time of war as aforesaid, but whenever she shall think fit to abolish her monopoly, and give us the same privileges of trade as Scotland received at the union, and allow us a free commerce with all the rest of the world, we shall willingly agree (and we doubt not it will be ratified by our constituents) to give and pay into the sinking fund [one hundred thousand pounds] sterling per annum for the term of one hundred years; which duly, faithfully, and in- violably applied for that purpose, is demonstrably more than sufficient to extinguish all her present national debt; since it will in that time amount, at legal British interest, to more than [two hundred and thirty millions of pounds.’] But if Britain does not think fit to accept this proposition, we, in order to remove her groundless jealousies, that we aim at independence, and an aboli- tion of the Navigation Act (which hath in truth never been our intention), and to avoid all future disputes about the right of making that and other acts for regulating our commerce, do hereby declare our- selves ready and willing to enter into a covenant with Britain, that she shall fully possess, enjoy, and exer- cise that right for a hundred years to come, the same being bona fide used for the common benefit; and, in case of such agreement, that every Assembly be ad- vised by us to confirm it solemnly by laws of their 1 See Dr. Price's Appeal on the National Debt. “4

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