On the record
But the burden of interest ought to be reduced as rapidly as can be done without the violation of contract.
Source
gutenberg.orgEditor's note · Context
Grant emphasizes the importance of reducing the burden of interest on public debt without violating contracts.
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A revival of shipbuilding, and particularly of iron steamship building, is of vast importance to our national prosperity.
There is no class of Government employees who are harder worked than the Army--officers and men; none who perform their tasks more cheerfully and efficiently and under circumstances of greater privations and hardships.
But whatever causes may have produced the situation which so grievously affects our interests, it exists, with all its attendant evils operating directly upon this country and its people.
A power should exist complete in its organization, ready to take and able to maintain its place among the nations of the earth.
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