Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 4 (of 16)United States. Congress
History
Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 4 (of 16)
United States. Congress
Law -- United States; United States -- Politics and government
In performance of their lofty promises, in disregard of sacred duties,
what have they done? In what condition do they leave the country,
which, eight years since, "in the full tide of successful experiment,"
fell into their hands? They present to us, sir, the gloomy reverse of
all it was. The people discontented and distressed--all becoming daily
more and more poor--except, indeed, that class of rich speculators,
whose wealth and whose hearts enabled them to prey upon the wants of
their countrymen. The despair and dismay of 1786 are returned! The
prosperity of twenty years is annihilated at one stroke! The sources
of revenue are dried up. The Treasury, indeed, may be now full--but it
must continually diminish--and, without its usual supply, it must soon
be empty. We have still some credit. But how long, sir, can that be
maintained, when it is known that we have no longer the means, allowing
us to possess the disposition, to fulfil our pecuniary engagements?
When you cannot collect a cent upon imposts, and dare not lay a
direct tax, how far you will be able to obtain money on loan, is, to
say the least of it, very questionable. But, I will hasten to finish
the contrast I was about to make. Commerce, sir, has perished, and
agriculture lies dead at her side--for these twin sisters must flourish
or die together. No nation in the world is our friend--our paradise is
becoming a wilderness; our soil is stained with the blood of our own
citizens; and we look around us, in vain, for one solitary benefit to
compensate us for all the dreadful effects of the present system.
Public-domain text, read in full here on John Shaqi.
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