On the record
We decline to give any guarantee for the validity of the public debt.
Source
gutenberg.orgEditor's note · Context
Blaine expresses a refusal to guarantee the validity of the public debt, reflecting his political stance on fiscal responsibility.
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Their convention did more to popularize the Fourteenth Amendment as a political issue than any other instrumentality of the year.
Observing men in the loyal States regarded such a policy not only as weak and maudlin, but as utterly insufficient and assuredly dangerous to the future safety of the Government.
This ratio of influence went into the Electoral College, and gave to the white men of South Carolina, Mississippi and Louisiana double the power of that enjoyed by white men in New York, Illinois and California.
In all the revolted states, upon the testimony of your ablest generals, there is no safety to the property or lives of loyal men.
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