Publisher's Synopsis
Excerpt from A Practical Scheme for the Reduction of the Public Debt and Taxation, Without Individual Sacrifice
First. Such a reduction of the national debt and annual charge thereon, as shall render it henceforth a burden of no baneful corr sequence, to a highly productive country like this.
Second. An immediate and considerable remission of duties and taxes, with a prospective remission in ten years, to the amount of nearly one half our present taxation.
Third. A security against the effects of any future wars upon our public debt, by the appropriation of certain taxes, as war taxes only, equal to any efforts the country may be called upon to make.
Fourth. A recurrence to the principles of a free trade, so far as this may be proved advantageous to commerce, and to the general welfare of the state.
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