Should affairs be patched up with Britain, and she to remain the
governing and sovereign power of America, (which, as matters are now
circumstanced, is giving up the point intirely) we shall deprive
ourselves of the very means of sinking the debt we have, or may
contract. The value of the back lands which some of the provinces are
clandestinely deprived of, by the unjust extension of the limits of
Canada, valued only at five pounds sterling per hundred acres, amount
to upwards of twenty-five millions, Pennsylvania currency; and the
quit-rents at one penny sterling per acre, to two millions yearly.
It is by the sale of those lands that the debt may be sunk, without
burthen to any, and the quit-rent reserved thereon, will always
lessen, and in time, will wholly support the yearly expence of
government. It matters not how long the debt is in paying, so that
the lands when sold be applied to the discharge of it, and for the
execution of which, the Congress for the time being, will be the
continental trustees.
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