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Contents.
ciii
| Essay. | Page | |
| D. the great extent of our territory affords additional security, | No. XXVIII. | 185 |
| E. the limited resources of the country afford still more security, | 185 | |
| C. concerning "a general power of taxation," | XXIX. | 186 |
| a. such authority is necessary in every constitution, | 187 | |
| a. the want of such authority leads either to official plunder, or, | 187 | |
| b. to "a fatal atrophy" in the government, and speedy dissolution, | 187 | |
| b. in the present confederation, the want of it has produced disaster, | 187 | |
| c. the only remedy is "that of permitting the National government to raise its own revenues by the ordinary methods of taxation," | 188 | |
| d. objection, that the authority of Congress should be limited to "external taxation," answered, | 188 | |
| e. reply, "that deficiencies may be provided for by requisitions upon the States," considered, | 189 | |
| a. the "vices and deformities" of the system of requisitions, considered, | 189 | |
| b. its effect in time of war, | 190 | |
| A. primarily, no "proper dependence" on the plan, | 191 | |
| B. secondarily, the diversion of other funds, already appropriated, to the defence of the State, | 191 | |
| C. thirdly, the destruction of public credit, | 191 | |
| D. fourthly, difficulty in procuring loans, | 191 | |
| E. finally, disaster to the country, | 191 | |
| f. surrejoinder, "that, from the scantiness of the resources of the country, the necessity of diverting the established funds would exist, though the National government should possess this power," considered, | 191 | |
| a. "the resources of the community, in their full extent, will be brought into activity for the benefit of the Union," | 191 | |
| b. "whatever deficiency there may be, can readily be supplied by loans," | 191 | |
| A. confidence inspired, among lenders, by the delegation of this authority of taxation, | 192 | |
| B. distrust arising from the absence of that authority, in the Confederation, removed, | 192 | |
| g. the necessity of "a general power of taxation" further considered, | XXX. | 192 |
| a. the importance of "first principles," on every general subject, | 192 | |
| b. "first principles" in morals and politics less frequently |
