Its objects are CONTRACTS with foreign nations which have the force of law, but derive it from the obligations of good faith.

We must make the best of those ills which cannot be avoided.

The proposed Constitution, so far from implying an abolition of the State governments, makes them constituent parts of the national sovereignty, by allowing them a direct representation in the Senate, and leaves in their possession certain exclusive and very important portions of sovereign power. This fully corresponds, in every rational import of the terms, with the idea of a federal government.

The honor of a nation is its life. Deliberately to abandon it is to commit an act of political suicide.

The great leading objects of the federal government, in which revenue is concerned, are to maintain domestic peace, and provide for the common defense.

If the representatives of the people betray their constituents, there is then no recourse left but in the exertion of that original right of self-defense which is paramount to all positive forms of government.

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.