Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-08-12
Fran tbe GQx<ttsef fbt United Slater.
MANAGEMENT OF THE SINK
ING FUND.

No. III.
BEFORE the a9,h Of April, ISoi'
lccrsary GaIlalin might have been IN.
willing to avow his doctrine about emp
tying the treafury, and not paying the
debt. Bot the refoiu,ion for inquiring
into tie management Of the linking fund,
preGed him to fay femething ard the
doctrine came out in his explanatory let
ter, on the cd of March, 1903. Extra
ordinary as it is, let US have the candour
TO hear him on the fubjett. # fuch be
the law, however unexpected the diico-
very, The benefit mutt be allowed HIM 10
his own vindication.
His argument, if argument it may De
called, is entitled TO place among the
political and pathological rareties OF the
time. It is the more worthy OF cherva-
ton, as il ferves to thew how tar the Ian
guags of the country is underRood by the
manager of the linking fund, or how far
he reprobates every thing like fophiitry
or article, Especially as to his authority
over the public monies.
The appropriation made BY the hrlt
fiction of the aA of the 2oth of April,
1902, has already been the iubjea of re-
mark. The Ier0nd jst7i2n enioias as p0-
lftive duty on The Jee,rfary Of t6e t,eaja'y
TO CARE 10 be paid, 0uuraly 10 The cam.
mDFouers eftbe Eukmg taud The jim Of
100000 dsllars, thus atptepriafed. So
iays iecretary Gallaf'n. And after this
he goes on to FAY -Proridsd, that The f.
eyetary bad placed al their 3,I3ehtion, IN
due time, the finds neexDary TO mlef the
isjf9lnents and intersfs dae in fbey ear, it
40oxld BE- a gooa execution Of The Aa7u, il
he paid to tbcm, fbe remainder, Of the ap-
p,ot,iat,on on The lgf day IF The gear; in
sybieb cafe it 4uould be ;mtqN5k fat tbrm
10 apply tbaf r<maiade, nil tbe enluiug
year. Wha, 10 conducting the financial
affair: of nation, are fuch flender ex
captions, fuch fractional arguments, 10 be
acted upon by the 6rf official officer Of
The treafury! And are they to be 10 acted
upon, in oppodtion to the general fcoPe
Of law ayowedly intended to make a
dets,mi1ate Inspection upon the publie
debt II the dlfcharge of 1900, 900 dol
lars Of principal and interel mutt be ei-
feetsd in each year, out of the monies ap-
propriated TO the linking fund, it is To-
cumbent on the iecretary of the tfeaiury
10 cauie the monies to be paid 70 as to
ful6l, NOT to defeat, the Object OF the
law. This ln9le fentiment might fufice
for refuta,ion of this part Of his argu-
ment, were it not that fuch fallacy de-
fsrves to be further expofed. Who is the
manager of the linking funa-and who
the fecresary of the treafuy! Are they
two different men frangers TO the views
of each other Or ale they, in effect, one
and the Zane perfon Let his fuppoled cafe
be Rated in plain Language, adapted TO
the practical ientimens OF honef men !
Albert Gallatin, in his fpecial quality OF
manager Of the foking fund, cannot
dilcharge leven millions three hundred
thoufand dollars Of interea and principal
Of the public debt, in the courfe Of one
year: becaule the fame Albert GAllatin,
in his general quality Of fecretary of the
treaiury, will not permit the requitite
monies to be drawn from the treafury be-
fore the Taft day of the year.
) Admit, however, if your can, that the
manager Gallatin is to bc thus divided
from the iecrcfary Gallatin, would it be
impoaible to apply any remainder OF
the appropriation, on the lat day ofthe
year, to the payment Of fuch part Of the do
meitic debt as is rcimhnrieable at p!eaiure ?
Seafonable notice might be given, that
proportion of this debt, equal to luch re-
mainder of the appropriation, would be
ready TO be paid by the creditors on the
laa day of the year; in which cafe the In
fereh wopld cea{. from thar dav There