May we be ‘a barrier against the returns of ignorance and barbarism’!

May we be ‘a barrier against the returns of ignorance and barbarism’! ‘What a colossus shall we be’! But will it not be of brass, iron and clay? Your taste is judicious in liking better the dreams of the future than the history of the past. Upon this principle I prophesy that you and I shall soon meet and be better friends than ever.
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If duties are too high, they lessen the consumption…

If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.
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