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Quotation from Hamilton's Reports and Opinion on the Bank by Alexander Hamilton
“It is inconsistent with justice, because, in the first place, it is a breach of contract—a violation of the rights of a fair purchaser.”
Hamilton's Reports and Opinion on the Bank, First Report on the Public Credit (1790) (Lodge, Works of Alexander Hamilton (Federal Edition, 1904), vol. 2)
Hamilton's first objection to discriminating between original holders of the debt and those who later bought it.
Citation: "It is inconsistent with justice, because, in the first place, it is a breach of contract—a violation of the rights of a fair purchaser." — Alexander Hamilton, Hamilton's Reports and Opinion on the Bank, First Report on the Public Credit (1790) (Lodge, Works of Alexander Hamilton (Federal Edition, 1904), vol. 2). (id hamiltons-reports-and-opinion-on-the-bank-q2)
Portrait: Google Arts Project - Alexander Hamilton (1792 portrait) by John Trumbull, John Trumbull, Public domain.
