On the friends of the administration, therefore, it was incumbent to provide real, substantial funds, which should attest the sincerity of their professions.

This provision could not be made without difficulty.

The duty on imported articles, and on tonnage, though rapidly augmenting, could not, immediately, be rendered sufficiently productive to meet, alone, the various exigencies of the treasury, and yield a surplus for the secure establishment of a permanent fund to redeem the principal of the debt.
Additional sources of revenue must therefore be explored, or the idea of reducing the debt be abandoned.

New taxes are the never failing sources of discontent to those who pay them, and will ever furnish weapons against those who impose them, too operative not to be seized by their antagonists.

In a government where popularity is power, it requires no small degree of patriotism to encounter the odium which, however urgently required, they seldom fail to excite.