Essays on the Constitution of the United States: Published during its Discussion by the People, 1787-1788
History
Essays on the Constitution of the United States: Published during its Discussion by the People, 1787-1788
Constitutional history -- United States -- Sources; United States. Constitution
The same principles apply to the connection with the new settlers in the
west. Many supplies they want for which they must look to the older
settlements, and the greatness of their crops enables them to make
payments. Here, then, we have a bond of union which applies to all parts
of the empire, and would continue to operate if the empire comprehended
all America.
We are now, in the strictest sense of the terms, a federal republick. Each
part has within its own limits the sovereignty over its citizens, while
some of the general concerns are committed to Congress. The complaints of
the deficiency of the Congressional powers are confined to two articles.
They are not able to raise a revenue by taxation, and they have not a
complete regulation of the intercourse between us and foreigners. For each
of these complaints there is some foundation, but not enough to justify
the clamour which has been raised. Congress, it is true, owes a debt which
ought to be paid. A considerable part of it has been paid. Our share of
what remains would annually amount to about sixty or seventy thousand
pounds. If, therefore, Congress were put in possession of such branches of
the impost as would raise this sum in our state, we should fairly be
considered as having done our part towards their debt; and our remaining
resources, whether arising from impost, excise, or dry tax, might be
applied to the reduction of our own debt. The principal of this last
amounts to about thirteen hundred thousand pounds, and the interest to
between seventy or eighty thousand. This is, surely, too much property to
be sacrificed; and it is as reasonable that it should be paid as the
continental debt. But if the new system should be adopted, the whole
impost, with an unlimited claim to excise and dry tax, will be given to
Congress. There will remain no adequate found for the state debt, and the
state will still be subject to be sued on their notes. This is, then, an
article which ought to be limited. We can, without difficulty, pay as much
annually as shall clear the interest of our state debt, and our share of
the interest on the continental one. But if we surrender the impost, we
shall still, by this new constitution, be held to pay our full proportion
of the remaining debt, as if nothing had been done. The impost will not be
considered as being paid by this state, but by the continent. The
federalists, indeed, tell us that the state debts will all be incorporated
with the continental debt, and all paid out of one fund. In this as in all
other instances, they endeavour to support their scheme of consolidation
by delusion. Not one word is said in the book in favour of such a scheme,
and there is no reason to think it true. Assurances of that sort are
easily given, and as easily forgotten. There is an interest in forgetting
what is false. No man can expect town debts to be united with that of the
state; and there will be as little reason to expect that the state and
Public-domain text, read in full here on John Shaqi.
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