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Editorial
April 6, 1802
The New Hampshire Gazette
Portsmouth, Rockingham County, New Hampshire
What is this article about?
The editorial critiques the government's financial burdens from past profligate policies, necessitating tax reductions and debt payments. It notes inability to secure loans and suggests acceptance of a potential French offer to settle debt to the Batavian Republic via provisions.
Clipping
OCR Quality
98%
Excellent
Full Text
Our government to relieve the people from the burthens of a profligate policy, are obliged to reduce an enormous load of taxes, and to provide for the payment of debts contracted for wicked ends and an illegal interest.
In such a state our government is deprived of the capacity if it possessed the inclination to make loans.
Possibly indeed the agents of the French government may wish to obtain loans from private individuals——but this is a mere mercantile transaction with which government has nothing to do, which they can neither sanction nor control. If the French agents should indeed offer terms for the discharge of our debt to the Batavian Republic, and take the installments in provisions, we believe it would be accepted by all parties, and our government ought to embrace the overture.
In such a state our government is deprived of the capacity if it possessed the inclination to make loans.
Possibly indeed the agents of the French government may wish to obtain loans from private individuals——but this is a mere mercantile transaction with which government has nothing to do, which they can neither sanction nor control. If the French agents should indeed offer terms for the discharge of our debt to the Batavian Republic, and take the installments in provisions, we believe it would be accepted by all parties, and our government ought to embrace the overture.
What sub-type of article is it?
Economic Policy
Taxation
Foreign Affairs
What keywords are associated?
Tax Reduction
Government Debt
Profligate Policy
French Agents
Batavian Republic
Debt Settlement
What entities or persons were involved?
Our Government
French Government
Batavian Republic
Editorial Details
Primary Topic
Government Financial Relief And Debt Settlement With France
Stance / Tone
Critical Of Past Policies, Supportive Of French Debt Offer
Key Figures
Our Government
French Government
Batavian Republic
Key Arguments
Government Must Reduce Taxes To Relieve People From Profligate Policy Burdens
Debts From Wicked Ends And Illegal Interest Must Be Paid
Government Lacks Capacity For Loans
French Private Loans Are Mercantile, Not Governmental
Accept French Offer To Discharge Debt To Batavian Republic With Provisions