They are abroad in the world, and no force can stop them.

Like a secret told, they are beyond recall; and he must be blind indeed that does not see that a change is already beginning.
Nine millions of dead taxes is a serious thing; and this not only for bad, but in a great measure for foreign government.

By putting the power of making war into the hands of the foreigners who came for what they could get, little else was to be expected than what has happened.
Reasons are already advanced in this work, showing that whatever the reforms in the taxes may be, they ought to be made in the current expenses of government, and not in the part applied to the interest of the national debt.

By remitting the taxes of the poor, they will be totally relieved, and all discontent will be taken away; and by striking off such of the taxes as are already mentioned, the nation will more than recover the whole expense of the mad American war.
There will then remain only the national debt as a subject of discontent; and in order to remove, or rather to prevent this, it would be good policy in the stockholders themselves to consider it as property, subject like all other property, to bear some portion of the taxes.

It would give to it both popularity and security, and as a great part of its present inconvenience is balanced by the capital which it keeps alive, a measure of this kind would so far add to that balance as to silence objections.
This may be done by such gradual means as to accomplish all that is necessary with the greatest ease and convenience.
Instead of taxing the capital, the best method would be to tax the interest by some progressive ratio, and to lessen the public taxes in the same proportion as the interest diminished.
Suppose the interest was taxed one halfpenny in the pound the first year, a penny more the second, and to proceed by a certain ratio to be determined upon, always less than any other tax upon property.