57. A Centinel
Massachusetts Gazette, 20 November 1787

MR. ALLEN, The publick is to be congratulated on the happy situation of this state’s credit in the national account, as, we are informed from the highest authority, a member of Congress, that our arrearages are so much less than those of our sister states, that our credit will not suffer in the least, by diverting the sum assessed in a late tax, in consequence of a requisition of Congress, into a quite different channel—The last administration, including the legislature, conceived themselves bound to receive such payment for their services, as the publick funds afforded, not supposing that they could be justified in altering appropriations and mortgaging the taxes of the state, as security for loans of specie, to pay themselves when other creditors of the state were compelled to receive paper at fifty per cent. less—But the present patriotick legislature seems determined to convince their constituents of the flourishing state of our finances, by paying themselves in solid coin. The national debt of Great-Britain originated in similar measures to those recently proposed in a certain assembly by certain honourable gentlemen. The motives of some people are more naked than they are aware of.

As three fourths of the specie part of a late tax, has been anticipated, and those who were best able, have paid in orders at a saving of 50 per cent. it cannot be considered as just and equitable to require, that the remainder should be exacted in the SOLID, from those who are least able to pay. Let those who have the watch, look out.