Defense Is Superior To Opulence.

Corn Is A Necessary, Silver Is Only A Superfluity.

It Is Not Very Unreasonable That The Rich Should Contribute To The Public Expense, Not Only In Proportion To Their Revenue, But Something More Than In That Proportion.

Sugar, Rum And Tobacco Are Commodities Which Are Nowhere Necessaries Of Life, Which Are Become Objects Of Almost Universal Consumption, And Which Are Therefore Extremely Proper Subjects Of Taxation.

Every Tax Ought To Be So Contrived As Both To Take Out And To Keep Out Of The Pockets Of The People As Little As Possible, Over And Above What It Brings Into The Public Treasury Of The State.

It Is Not By Augmenting The Capital Of The Country, But By Rendering A Greater Part Of That Capital Active And Productive Than Would Otherwise Be So, That The Most Judicious Operations Of Banking Can Increase The Industry Of The Country.