It is believed by many that if there were no laws at all to enforce collection, there would be many less bad debts; even now a debt of honor is held by public opinion to have precedence of those which the law claims the right to enforce.
Woodhull posits that the absence of collection laws could reduce bad debts, highlighting the influence of public opinion on honor.
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I have deliberately and of my own accord placed myself before the people as a candidate for the Presidency of the United States, and having the means, courage, energy and strength necessary for the race, intend to contest it to the close.
It is in the people themselves, and in the fundamental principles upon which society is built, and those which the people allow government to be administered upon.
To do so carries no conviction nor prophetic knowledge of what must be next, as a necessary sequence.
Whatever may have been the arguments favorable for the continuance of the institution of slavery, the destruction of it has rendered them nugatory, and but few of those who once used them could now be found to favor its resurrection.