On the record
But in this country the purpose was early formed, not simply to provide for the interest upon the debt incurred in the war for the Union, but to begin its payment at once, and to arrange for its rapid liquidation.
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gutenberg.orgJames Blaine: “But in this country the purpose was early formed, not simply to provide for the interest upon the debt incurred in the…”
Editor's note · Context
Blaine emphasizes the U.S. government's commitment to not only pay interest on war debts but to actively reduce the principal amount.
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