The present proposition for funding is an excellent measure for this purpose, being at once simple and practical: not that it contains any direct promise for the redemption of our currency, but because it places the national debt on a permanent footing at a smaller interest than is now paid.
Sumner praises a funding proposal as a practical measure that could stabilize the national debt and reduce interest rates.
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It is a cause which, though long kept in check throughout our country, as also in Europe, now confronts the people and their rulers, demanding to be heard.
The devices of party can no longer stave it off.
It is larger than the entire profit of all the commerce and manufactures of the world.
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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