Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1802-07-26

public debt. and difsharge the principal Ii y
lhorter periods than the hqcs or ss ps. IN
expectation had contemplated" : general
II is obvious to remark upon this, ~.
the laws had aligned no limited b<,i'1 '4 n
f6e rsaemlptioa eftbe debt; they had m on
Provlllons for paying the interea, and ~,
dually redeeming the principal, ub ga /.
upon a moderate CALCULATION, would BE- ~
ietted within about twenty years. R,, ~;
it not aTange, admitting MI. Jefsr(oa,s
confidence to be reafonable, that he houu
be willing to Prolsng an evil toits farrb.s
limits, when, by feizing this golden oa
portunlty, be could lhorten its Duration,
Why not avail himfelf of this for,pna,.
crihs, to d;fplay his patriotifn, ana a;rs
one initance Of coincidence between Dr.,
feilions and practice.s Perhaps this mIab 5,
have happened, had not dear t,byla1;.s s
whifPered that her intereft would be i.
belt promoted by the repeal of tase,~
But in this infance, at leaf, her luggea;
ons have proved falle and deluGve for n.
facrlhce OF expediency and right have NOR.
than balanced her flimfy preten,ions. Sh.
is Rrips OF her gorgeous apparel, her tin.
fel charms are vanilhing, and he will foon
appear to be that bag, 70 difguaing to
rure and elevated minds.
The inexpediency ofthe repeal, propoc.
ed by Mr.. Jeferfon, and actually made BY
his friends in conglefs, is inferred from
the immenfe lois occafoned by breaking
up fure and we'll organized iource ORE.
venue, and the inability TO meet the en-
gagemerts, and ufual expences of the 90
vernment, which will be the inevitable re-
fult of this mealure. Its not within the
compass of our deGgn, in theie papers, to
detail the arguments and calculation, which
produce this refult but we refer to the
fpeeches in Congrefs, particularly to that
of Mr.. Grifwold, in wbieh it appears,
that, taking iuch eflmates and calculate.
ons as have been admitted by both parties
to be correct, with thole made by Mcars.
Gallatin, Randolph, ard Others, the a.
BOLTON of the internal revenues will inlure
an annual dsfea Of nearly one million #
dollars. This concluGon admits the re-
duetions made in the naval and military
department, but excludes any allowance
for thole various contingent expences.
whic. are conRanfly arifng under every
government. Where then are the reye-
nues for paying the debte
Again-A law Of CongTeis, pafed OF
the third of March, 1895, provides, that
all iarplxDss of revenue, which fhall re-
main, at the end of the year, ard which
at the next felion Of corgreis ihall not be
otherwife appropriated or reiervea BY law,
lhall, ieJo taao, become part Of tie fink
ing fund. This fund, by other pEo'ilons,
was veRed in certain commifioners, tor
the express purpofe Of paying the lntereiS
and rsdesmiog the principle Of the Fublic;
debt, and was to remain invioIable Til
the redemption ihould be accomplished,
Again, by other laws, often recognized
and faoaioned by congreis, we find the
duties Of impof, and the excite on dl''illea
ipirits, the very tax which has been a5o;
lifted, lolemnly pledged and nor'a Is
for the fecurity of public creditors. Inc
avails of thele taxes have been let apart
by the government, under all the fo1ee
and folemnity it could give for a regular
payment of the interea and gradual1,,esdasmp-
ton of the principal ofthe debt. Inc Oh
" qualification, annexed to theIs two u ,0
yiGons of congrefs, are, If, that al l an.
nual furpluGes Of revenue ihail .soJ4iG 1n
make a part Of the fnking fund, pHHH
otbe,qvjls,elsyved or afi,y9riaffa o .4o ~
and IDLY, tia, the inpoa ard eS''S W.
diRilled fpirits or otbyJ ourass 81 'setNa ~
of equal amoaat, lhall' be apprepfla's:o y
the payment of the interea and pEiflsip a..
Neither Of ,heGe conditions includes l!a:, ,nl
righe* to abolih the tax upo' dl. ~. ~
lpir;ts; ii therefore Good pledsea "