With the funding of the national debt, as here suggested, I feel safe in saying that taxes and the revenue from imports may be reduced safely from sixty to eighty millions per annum at once, and may be still further reduced from year to year, as the resources of the country are developed.
Grant expresses confidence that funding the national debt could lead to significant tax reductions.
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More from Ulysses S. Grant
Being a part of the United States, commerce between the island and mainland would be free.
We should look to the dangers threatening us, and remedy them so far as lies in our power.
Debt, debt abroad, is the only element that can, with always a sound currency, enter into our affairs to cause any continued depression in the industries and prosperity of our people.
History shows that no Administration from the time of Washington to the present has been free from these mistakes.
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