[Albert Gallatin by John Austin Stevens]@TWC D-Link bookAlbert Gallatin CHAPTER VI 71/148
| | | | | | | | | -- --------------+----------------+-------------------+----------------+ $19,480,722.54 | $338,023.68 | $944,848.84 | $10,006,934.54 | 70,809,210.90 | 435,614.48 | 1,140,015.30 | 26,326,169.25 | -- --------------+----------------+-------------------+----------------+ 90,289,933.44 | 773,638.16 | 2,084,864.14 | 36,333,103.79 | -- --------------+----------------+-------------------+----------------+ -- --------------+---------------- Public Debt.
| Total. | | -- --------------+---------------- $26,920,285.12 | $63,058,143.10 56,508,652.66 | 165,045,739.54 -- --------------+---------------- 83,428,937.78 | 228,103,882.64 -- --------------+---------------- * * * * * _Revenue_ _L'Etat c'est moi_ was the autocratic maxim of Louis Quatorze.
An adherence to it cost the Bourbons their throne.
Burke was more philosophical when he said, "The revenue of the State is the State." Its imposition, its collection, and its application involve all the principles and all the powers of government, constitutional or extraordinary.
It is the sole foundation of public credit, the sole support of the body politic, its life-blood in peace, its nerve in war. The "purse and the sword" are respectively the resource and defense of government and peoples, and they are interdependent powers.
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