On the record
The debts created by the exactions of Spain and of the revolutionary party alike were, mainly if not entirely, obligations due to the people of the colonies themselves.
Said by
Whitelaw Reid
Source
gutenberg.orgThe debts created by the exactions of Spain and of the revolutionary party alike were, mainly if not entirely, obligations due to the people of the colonies themselves.
Reid discusses the nature of debts incurred during the colonial period, emphasizing that they were primarily owed to local populations.
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