On the record
The people of this country have not established ... such a fabric of despotism....
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gutenberg.orgEditor's note · Context
Beveridge emphasizes the importance of liberty in the American political system.
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She was able to maintain her independence & must deserve to lose it if she permitted it to be wrested from her.
It could borrow money, but could not levy taxes or impose duties to pay the debt.
Thus were the ideas of Nationality and localism in America brought into sharper conflict by the mob and guillotine in France.
The Virginians, on their part, found the giving of new notes a convenient way of canceling old obligations and thus piled up mountains of debt which they found hard to remove.
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