All the patriots had to do was plant doubts among Britain's creditors about the war's outcome. "By stopping the progress of their conquests and reducing them to an unmeaning and disgraceful defensive, we destroy the national expectation of success from which the ministry draws their resources." 11 This was an extremely subtle, sophisticated analysis for a young man immersed in wartime details for four years: America could defeat the British in the bond market more readily than on the battlefield. Hamilton had developed a fine appreciation of English institutions while fighting for freedom from England. In the letter's finale, he contended that America should imitate British methods and exploit the power of borrowing: "A national debt, if it is not excessive, will be to us a national blessing. It will be powerful cement of our union.
( Ron Chernow )
[ Alexander Hamilton ]
www.QuoteSweet.com