An Address At the Unveiling of the Statue of Washington Upon the Spot Where He

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The public debt was enormous, and private debt was universal. We have seen the stupendous burden of our civil war borne with cheerfulness, and regularly and continuously reduced with ease. But in the year after the evacuation of New York, bills of the Confederation for six hundred thousand dollars were protested in Holland, and the whole requirement of the Treasury for the year, which was four millions of dollars, was univer- sally felt to be a sum too large to demand, and which could not be co...llected. Taxation was resisted. State authority was defied, . And the feeble and futile government of the Confedera- tion, a mummy clad in robes of state, without power and without consideration, was scorned abroad and contemned at home. 17 The times that tried men's souls in this coun- try were rather in 1786 than in 1776, for the colonial ability to win independence involved neither the righteousness of the cause nor the character of the people. The revolution had proved their valor, and had been successfully achieved.

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