Measures which serve to abridge the free competition of foreign Articles, have a tendency to occasion an enhancement of prices.

There can be no limitation of that authority which is to provide for the defense and protection of the community in any matter essential to the formation, direction, or support of the NATIONAL FORCES.

Experience teaches, that men are often so much governed by what they are accustomed to see and practice, that the simplest and most obvious improvements . . . are adopted with hesitation, reluctance, and slow gradations.

It is of the greatest consequence that the debt should, with the consent of the creditors, be remoulded into such a shape as will bring the expenditure of the nation to a level with its income. Till this shall be accomplished, the finances of the United States will never wear a proper countenance. Arrears of interest, continually accruing, will be as continual a monument, either of inability, or of ill faith and will not cease to have an evil influence on public credit.

I would die to preserve the law upon a solid foundation; but take away liberty, and the foundation is destroyed.

It will be well to advert to the proportion between the objects that will require a federal provision in respect to revenue; and those which will require a state provision. We shall discover that the former are altogether unlimited; and that the latter are circumscribed within very moderate bounds.

But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.