[The Life of George Washington, Vol. 3 (of 5) by John Marshall]@TWC D-Link bookThe Life of George Washington, Vol. 3 (of 5) CHAPTER VII 33/49
By the plan of this bank, its members were to derive no emolument whatever from the institution.
For advancing their credit and their money, they required only that congress should pledge the faith of the Union to reimburse the costs and charges of the transaction in a reasonable time, and should give such assistance to its execution as might be in their power. The ladies of Philadelphia too gave a splendid example of patriotism, by large donations for the immediate relief of the suffering army. This example was extensively followed;[40] but it is not by the contributions of the generous that a war can or ought to be maintained.
The purse of the nation alone can supply the expenditures of a nation; and, when all are interested in a contest, all ought to contribute to its support.
Taxes, and taxes only, can furnish for the prosecution of a national war, means which are just in themselves, or competent to the object.
Notwithstanding these donations, the distresses of the army, for clothing especially, still continued; and were the more severely felt when a co-operation with French troops was expected.
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