The Propriety Of A Law, In A

[s]ound Policy Condemns The Practice Of Accumulating Debts.

Government Implies The Power Of Making Laws. It Is Essential To The Idea Of A Law, That It Be Attended With A Sanction; Or, In Other Words, A Penalty Or Punishment For Disobedience.

If There Are Such Things As Political Axioms, The Propriety Of The Judicial Power Of A Government Being Co-extensive With Its Legislative, May Be Ranked Among The Number.

For, When The Credit Of A Country Is In Any Degree Questionable, It Never Fails To Give On Extravagant Premium, In One Shape Or Another, Upon All The Loans It Has Occasion To Make. Nor Does The Evil End Here; The Same Disadvantage Must Be Sustained Upon Whatever Is To Be Bought On Terms Of Future Payment. From This Constant Necessity Of Borrowing And Buying Dear, It Is Easy To Conceive How Immensely The Expenses Of A Nation, In A Course Of Time, Will Be Augmented By An Unsound State Of The Public Credit.

The Safety Of A Republic Depends Essentially On The Energy Of A Common National Sentiment; On A Uniformity Of Principles And Habits; On The Exemption Of The Citizens From Foreign Bias And Prejudice; And On That Love Of Country Which Will Almost Invariably Be Found To Be Closely Connected With Birth, Education And Family.