On the record
They inherited a mountain of debt from the Revolutionary struggle, they had no credit, and the only representative of value which they controlled was the vast body of public land in the North- west Territory.
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gutenberg.orgJames Blaine: “They inherited a mountain of debt from the Revolutionary struggle, they had no credit, and the only representative of…”
Editor's note · Context
Blaine outlines the financial burdens inherited by the new government from the Revolutionary War.
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More from James Blaine
Is any portion of the people bound to contribute their money or their blood to carry on a contest like that?
If it be true that war cannot be declared, nor a system of general hostilities carried on by the Central Government against a State, then it seems to follow that an attempt to do so would be ipso facto an expulsion of such State from the…
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