The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.
I place economy among the first and most important virtues and public debt as the greatest dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
A determination never to do what is wrong, prudence, and good-humor, will go far toward securing to you the estimation of the world.
While prudence will endeavor to avoid this issue of war, bravery will prepare to meet it.
But, you may ask, if the two departments [i.e., federal and state] should claim each the same subject of power, where is the common umpire to decide ultimately between them? In cases of little importance or urgency, the prudence of both parties will keep them aloof from the questionable ground; but if it can neither be avoided nor compromised, a convention of the States must be called to ascribe the doubtful power to that department which they may think best.
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