The proper reduction of taxation involves two other things: first, the reduction of the present annual interest on the national debt, thus affording immense relief; and, secondly, the spread or extension of the national debt over succeeding generations, for whom, as well as for ourselves, it was incurred.
Sumner outlines two key components necessary for effective tax reduction, including managing national debt.
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The devices of party can no longer stave it off.
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.
More precious far at that moment the consolation that he had labored for his fellow-men, and the joyous confidence that all his cares had helped the Progress of his race!
I agree with the Convention in the importance of the new organization; nor do I think there are many candid persons, recognizing morals as the soul of all true politics, who will hesitate in this conclusion.
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