The Debates and Proceedings in the Congress of the United States: With an Appendix, Containing Important State Papers and Public Documents, and All the Laws of a Public Nature, with a Copious Index; Fifteenth Congress, First Session, Comprising the Period

Excerpt from The Debates and Proceedings in the Congress of the United States: With an Appendix, Containing Important State Papers and Public Documents, and All the Laws of a Public Nature, With a Copious Index; Fifteenth Congress, First Session, Comprising the Period From December 1, 1817, to April 20, 1818, Inclusive

The obligation, as well as the power, of ren dering productive such portion of the revenue as the public exigencies do not require, and as can not without considerable loss be a plied to the redemption of the public debts be ore they are due, is clearly deducible from this clause of the Constitution.

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