Rhode-Island Republican. [volume] (Newport, R.I.) 1801-1806, 1803-03-26

much money was jared in leis than /Spen msafbi,
ss had been accumulated under the oppoGtion
for the /osy years preceding. II 10 well alfo to
remark, that during this period the army and
navy we're in full organization, 10 that NJ ex-
cufe can he offered on the fcore OF having TO
make larger diibnrfements whilf Mr.. Adams
was in Office.
We muG now call the attention Of the pub
lie to fubjea of more magnitude. All mutt
remember that at the 6rt fcfGon Of Coogsefs
after Mr.. lefcrfon's induction to office. the
whole fabric Of internal taxation was levelied at
Of sine bpqdyed tboxjanl doiiau yearly. The
weight fell from their fhouiders like load OF
hn from the mind Of reaencrated Chriltan.
The oppod,ion itieIf ihrunk shaihed at the
dearottiop of this woaderons column of OPP
pr-Gion, reared by their iniquiious hands.
Every oppoh,ion pen sas put 10 motion; every
oppoftion pref, moved with unwontcd velocity |;
teening with predictions Of the impovenIh-
uoot ih, county. and ishst they fopdly de-
fred) the downfall OF the Republican Admin
fyanpp.
A number Of eirays were written and pub
lined az New. York, forctelling the ruin OF the
country from the mesture. Thsfc were auri
batsd To Alexander Hamilton. Robert Good
loc barpcr labored, 10 ferries Of numbers over
the Gsuature of /" Republicanus" to ihew the
inipsopDcty Of the repeal. This was TO have
been expected rhe oppolition had mersa/sd
taxation. X was necefary for them 20 defend
their condstt. The repeal by the Republicans
was fecer condemnation Of all their financial
proceedings.
Indeed. this is the only inaance wherein
fhe oppcition are excuiablc in the promuga,ion
of their fears. Bot they ihouId have done 70
deceutly. T'heir refcuiug TO ilander dearoyed
half the force OF their rcsioning.
There were many Republicans who had
their doub.s on this fubjeef. Who. in fact,
would nor have iuppoied, tom this iudden cur
faincnt OF the national revenues, at leaf an ex-
hauanen, Of all the monies that might be receiv-
ed into the T'reafury the enfuiog year, for the
pat nent Of che neceiiary expences Of the gov
emmrnti Some OF the warmef friends OF the
Admoaration doubted whether at the end OF
fhc year Sos there would remain cent in the
Trca9ury. But the welfare Of the people was
their Only motive Of action, and if the receipts
and expenditures merely fquared with each other
at the end Of the year, 70 the taxes were leiien-
cd, the objed Of the Republicans was accom-
phIhtd.
/, was reiervcd for the brightea luminary
'cf that confeation Of worthless which aduinif-
tcrs tho government OF our country, TO exeup-
lify to the world the picture of nation control
log her expencrs by her means.
!, In defiance of this immenfe repeal; aad in
the f'c- Of the ma daring and proAigate oppo-
f,ion ever experienced by any government, the
report of the Secretary OF the Treafury laid be-
fore Corgrcf, in December of the laa year
so,) proclaims the aaonihing faS. that
there were in the Treafury on the fra day OF
Odober, 1909. four millions five hundred and
thirtv-ninc ,houfand 6x hundred and feventy-
hvc dollars and fifty -ieven senu! So that inde-
pendent OF the eoormous fun Of -four millions
one hundred and 6sty-tso thouland eight hun
dread and 6xty-nine dollars hx,y-Gx cents, paid
out Of the Teafury (dygisS frsm, ard isS,p,n-
dent Of, the monies produced by the Sale ot the
Bank S,ock) on aecouat Of the principal Of onr
public debt, there ,enaincd difference in fs-
vour Of the Treaiuiy for the laA year Il Seal ct
one million FIVE hundred aud ninety thoufand
nirc hundred and FIFTY Gx dollars eighty -four
cents. a ding thcfc two foms together. how
ever ,hrrc will appear an actual balance in iavos
Of the Uaird States for ooe year llaR patti of
pt-ra,d, et,fvs m,lless yjevss bszd,sd ard /srJ
sb,ajaxd Ssi,ani
X nay here be remarked. thar the payment
of upwards OF four millions Of dollars rtowsrds
the extinction Of "a public debt, 10 thing un-