The mass of financial obligations should be promptly adjusted in some new form at smaller interest; taxes must be reduced; the payment of the national debt must be left in part to posterity; specie payments must be provided for.
Sumner outlines his proposals for managing the national debt and taxation.
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In this contest, we may borrow from the ancient Greek, who, when his hands were cut off, fought with his stumps, and even with his teeth.
They belong to a system so essentially irrational, that all the admitted virtues of many of its agents cannot save it from judgment.
Still further: every ship-of-war that floats costs more than a well-endowed college.
Again I repeat, so long as the War System prevails under the sanction of International Law, these painful incongruities will be apparent.
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