Washington: A Life

by Ron Chernow

While Washington rejoiced over his legislative victories, the state of Virginia threw him into a profound dilemma by deeding him a gift of fifty shares of Potomac River Company stock and one hundred shares of James River Company stock to recognize his services to the state. Having sacrificed a salary throughout the war, Washington was not about to accept payment now; nor did he want to seem vain or offend his fellow Virginians by brusquely dismissing their kind gesture. He admitted to Governor Harrison that “no circumstance has happened to me since I left the walks of public life, which has so much embarrassed me.” If he spurned the gift, he feared, people would think “an ostentatious display of disinterestedness or public virtue was the source of the refusal.” On the other hand, he wanted to remain free to articulate his views without arousing suspicions that “sinister motives had the smallest influence in the suggestion.”21 He valued his reputation for integrity, calling it “the principal thing which is laudable in my conduct.”22 Noting that such “gratuitous gifts are made in other countries,” Washington wanted to establish a new benchmark for the behavior of public figures in America and eliminate petty or venal motives.

America then vs America now