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Portsmouth, Rockingham County, New Hampshire
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A correspondent urges Congress to sell public lands acquired from Indians in 1784 to discharge the U.S. national debt of about 42 million dollars from 1783, instead of imposing internal taxes on citizens' industry and produce. Advocates imposts on foreign articles to encourage domestic manufactures, agriculture, and commerce, warning against becoming bankrupt and dependent on foreign trade like Africa or India.
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The debt of the United States, both foreign and domestic, including principal and interest, stood, in 1783, at about forty-two millions of dollars. May not that debt be paid off at one third of the sum in ready money? Or, will not one half of the lands acquired from the Indians in 1784, be more than sufficient for the purpose? With such resources, is it our interest to become bankrupts, to expose ourselves as a sneaking, pilfering band of swindlers, and establish a sharping, trickish, fraudulent, faithless, deceitful national character, throughout the universe? With such resources, and that of an impost on all foreign articles, shall we continue most absurdly, to burden the people, by perpetually taxing their industry, and the manufactures and produce of this country, which are the effects of that industry? Or, is it not more for our advantage to enable Congress to dispose of the public lands, in order to pay honest debts—to encourage our own industry, manufactures, agriculture and commerce, by wise imposts and restrictions upon those of foreign nations, who now pay nothing to indemnify us for draining the country of all its cash? But unless speedy and decisive measures are taken, our citizens will not even be what they have been since the late war, the fairs of foreign merchants; we shall sink to the same state with the coasts of Africa or India, where the whole trade is in the hands of foreigners—where foreigners are every thing—and the natives nothing.
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Editorial Details
Primary Topic
Disposal Of Public Lands To Pay National Debt
Stance / Tone
Strongly Advocating Land Sales And Imposts Over Internal Taxation To Avoid National Bankruptcy
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