In 1828 we raised the duties, on an average, to nearly fifty per cent, when the debt was on the eve of being discharged, and thereby flooded the country with a revenue, when discharged, which could not be absorbed by the most lavish expenditures.

John C. Calhoun

Biography

Author Profession: Statesman
Nationality: American
Born: March 18, 1782
Died: March 31, 1850

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