History of the Republic of the United States of America As Traced in the Writing
History of the Republic of the United States of America As Traced in the Writing
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With this view, he proposed, that the principle should be adopt- ed, that all the interest on the debt purchased or paid off, from time to time, be set apart, and appropriated to sink the debt, in a specified mode ; and be so vested " as to ac- 374 THE REPUBLIC. [1792.
quire the nature and quality of a proprietary trust, inca- pable of being diverted, without a violation of the principles and sanctions oi 'property^'' Important future additions to this fund, he thought, might be made ; and that..., " with due attention to Order and Peace ; a strong expectation might be indulged, that a reduction of the debt of the country will keep pace with the reasonable hopes of its citizens. " Jefferson's Gazette had teemed with essays hostile to the Funding system, as imposing 'perpetual taxes, prepara- tory to a direct attack upon it. This attack was now made.
A series of resolutions was introduced by Fitzsimmons, to carry into effect the propositions contained in this Re- port. The first of these resolutions was ; to extend the time of subscribing to the Domestic debt, on the same terms with those prescribed in the act making provision for that debt.
What to read after History of the Republic of the United States of America As Traced in the Writing?
You can find similar books in the "Read Also" column, or choose other free books by John C John Church Hamilton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
With this view, he proposed, that the principle should be adopt- ed, that all the interest on the debt purchased or paid off, from time to time, be set apart, and appropriated to sink the debt, in a specified mode ; and be so vested " as to ac- 374 THE REPUBLIC. [1792.
quire the nature and quality of a proprietary trust, inca- pable of being diverted, without a violation of the principles and sanctions oi 'property^'' Important future additions to this fund, he thought, might be made ; and that..., " with due attention to Order and Peace ; a strong expectation might be indulged, that a reduction of the debt of the country will keep pace with the reasonable hopes of its citizens. " Jefferson's Gazette had teemed with essays hostile to the Funding system, as imposing 'perpetual taxes, prepara- tory to a direct attack upon it. This attack was now made.
A series of resolutions was introduced by Fitzsimmons, to carry into effect the propositions contained in this Re- port. The first of these resolutions was ; to extend the time of subscribing to the Domestic debt, on the same terms with those prescribed in the act making provision for that debt.
What to read after History of the Republic of the United States of America As Traced in the Writing?
You can find similar books in the "Read Also" column, or choose other free books by John C John Church Hamilton to read onlineMoreLess
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