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An economic interpretation of the Constitution of the United States

Note 649 — Chapter X · THE ECONOMICS OF THE VOTE ON THE CONSTITUTION

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The assumed debt is taken because the Ledgers of that debt are in excellent shape and apparently complete. They do not contain, however, half of the security holders in that state. Several of the towns that had no assumed debt-holders were represented in the convention by holders of other paper. See table, p. 267.

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