Extinction of the USA National Debt 1791-1834 From the Maine Farmer issue 26 Dec 1834

Extinction of the National Debt

The Treasury Report, announces the important facts that the National Debt Of the United States which at one time amounted to more than $127,00,000, will be totally Extinguished on the first of next month. This fact is not only gratifying in itself, but affords A practical illustration of immense resources of the country. For it is to be observed that these $127,000,000 have been paid off in the course of 19 years, by the regular operation of our financial and revenue system, without the imposition of direct taxes, (except for a very short period)