On the record
The principal of the Public Debt was undergoing a monthly reduction and the gain in the interest account was sufficient to guarantee the payment of the principal in half a century.
Source
gutenberg.orgGeorge Boutwell: “The principal of the Public Debt was undergoing a monthly reduction and the gain in the interest account was sufficient…”
Editor's note · Context
Boutwell highlights the positive trend of reducing the Public Debt and its implications for future payments.
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More from George Boutwell
By the Ordinance of 1787, freedom and full right to self-government were made secure to the coming millions who were to occupy the States northwest of the River Ohio.
By the amendment of 1865 freedom and equality in government were guaranteed to all and especially to the negro race in America.
Shall your representative stand for Nathan Dane and Abraham Lincoln and Freedom, or for William McKinley and Despotism?
You are called to a choice between the doctrines of Nathan Dane and Abraham Lincoln on one side and the doctrines and policy of President McKinley and his supporters on the other side.
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