3004. FINANCES, Misapplied.—
The
finances are now under such a course of application
as nothing could derange but war
or federalism. The gripe of the latter has
shown itself as deadly as have the jaws of
the former. Our adversaries say we are indebted
to their providence for the means of
paying the public debt. We never charged
them with the want of foresight in providing
money, but with the misapplication of it after
they had levied it. We say they raised not
only enough, but too much; and that, after
giving back the surplus, we do more with a
part than they did with the whole.—
To Thomas Cooper. Washington ed. iv, 453.
Ford ed., viii, 178.
(W.
1802)
