To contract new debts is not the way to pay old ones.
" To contract new debts is not the way to pay old ones. "
Letter to James Welch | Sunday, April 07, 1799
Editorial Notes
George Washington leased part of his Great Kanawha lands to James Welch in 1797; by 1799 Welch had not yet made any payments. Washington chastised Welch for his "repeated declarations of your having purchased my Lands on the Great Kanawa, & endeavouring by that means, and such like impositions, & misrepresentations, to obtain extensive credit where you were not known." Welch never paid Washington, and upon Washington's death the land reverted back to his estate.
