"Well, I will grant you, a slight blemish is beginning to appear, in that particular. It is a failing incidental to humanity, and we must not expect perfection. There is certainly a slight disposition to legislate for numbers, in order to obtain support at the polls, which has made the relation of debtor and creditor a little insecure, possibly; but prudence can easily get along with that. It is erring on the right side, is it not, to favor the poor instead of the rich, if either is to be preferred?"
"Justice would favor neither, but treat all alike. I have always heard that the tyranny of numbers was the worst tyranny in the world."
"Perhaps it is, where there is actually tyranny, and for a very obvious reason. One tyrant is sooner satisfied than a million, and has even a greater sense of responsibility. I can easily conceive that the Czar himself, if disposed to be a tyrant, which I am far from thinking to be the case with Nicholas, might hesitate about doing that, under his undivided responsibility, which one of our majorities would do, without even being conscious of the oppression it exercised, or caring at all about it. But, on the whole, we do little of the last, and not in the least enough to counterbalance the immense advantages of the system."
"I have heard very discreet men say that the worst symptom of our system is the gradual decay of justice among us. The judges have lost most of their influence, and the jurors are getting to be law-makers, as well as law-breakers."
"There is a good deal of truth in that, I will acknowledge, also; and you hear it asked constantly, in a case of any interest, not which party is in the right, but who is on the jury. But I contend for no perfection; all I say is, that the country is a glorious country, and that you and I have every reason to be proud that old Hugh Roger, our predecessor and namesake, saw fit to transplant himself into it, a century and a half since."
"I dare say now, uncle Ro, it would strike most Europeans as singular that a man should be proud of having been born an American—Manhattanese, as you and I both were."
"All that may be true, for there have been calculated attempts to bring us into discredit of late, by harping on the failure of certain States to pay the interest on their debts. But all that is easily answered, and more so by you and me as New Yorkers. There is not a nation in Europe that would pay its interest, if those who are taxed to do so had the control of these taxes, and the power to say whether they were to be levied or not."
"I do not see how that mends the matter. These countries tell us that such is the effect of your system there, while we are too honest to allow such a system to exist in this part of the world."
"Pooh! all gammon, that. They prevent the existence of our system for very different reasons, and they coerce the payment of the interest on their debts that they may borrow more. This business of repudiation, as it is called, however, has been miserably misrepresented; and there is no answering a falsehood by an argument. No American State has repudiated its debt, that I know of, though several have been unable to meet their engagements as they have fallen due."
"Unable, uncle Ro?"