Publisher's Synopsis
Excerpt from Sketch of American Finances: 1789 1835
How we may best manage, and most speed ily pay off, our great public debt, will practically be a vital question in American politics for a long time to come. Every year its importance is, through the medium of taxation and sur plus revenue, brought home to all classes and to every species of industry; while at the same time any lack of wisdom or experience in dealing with this central issue is sure to be felt in the wide circumference of the rest of our public questions. A similar inquiry held a dominant place in our national coun cils from the year 1789, the date of the pres ent Constitution, down to the year 1835. The financial history of this period is well worth special study, because of the signal ability and sagacity by which the Government brought its difficult problem to a successful.
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