Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1804-10-20

test enemies. 1t is true we shall DISC
bligc them but this cannot make them
more our enemies, while we SHALL make
the nation our friends. We shall iniure,
perhaps, ten thousand men; but we shall
benefit FIVE millions. by the annihiation
of debt Of eighty millions, we shall in
f,6t do that which viii be equivalent 10
giving every family of the United States
the sum of one hundred AID thirty dollars.
And by destroying this infant funding sys-
tenn, we shall forever crush the proud
hopes Of an aspiring arisJocracy."
Such might have been The language of
the administration. 1t wouid, it is true,
have been the Language of upp,incipled
ambition, OF demoniacal revenge. But a.
las how genera, has been tbs domination
OF these da,k and atrocious passions over
rulers sfatc hoicy, that damnable pre,ext
Of tyrants, has extinguifhed eYery where
the lights OF justice and hunaui,y. No
the republican administration held no such
language. They rose not, Ike lawless
CRATE world but. revolving, 10 their ap-
prop,iate spheres, and shining upon the
bad as wei as the good; they she'd 10y and
giadress IN their course. As tue to the
prime pies OF Justice. IS the planetary sys-
tenn To the laws cf naiure. they sacredly
respected her eternal mandates. a re-
gard 10 national good faiih obiilera,cd eye-
~ minor feeling. They loved ;heil coun-
try ton well TO sacrifice It's flme on the al
tar oil revenge. The regular payment of
the interest has not, for q moment, been
impeded Vile the ultimate discharge of
he principal has been hastereL beyond alI
precedent, towards which The ANIMAL sum
of seven nilions lhree hundred thousand
dollars has been appropriated. Under the
auspices Of these measures, our stock has
risen, and those, to whom we are indebted,
are only Dissatisfied with the unexpectedly
speedy discharge of their claims.
This view oil the fiscal operations ofthe
governmentmightbc extensively ramihed.
This you'd, however, probably be TOO
great a trial Of the patience Of The reader.
We shall Therefore here rest our details,
The corcurrne opini ons Of enlightened
writer's have imposed three gfeal duties
on theintendanJs OF the feyeaues Ci d state;
W. 10 raise a. tcvenns equal t. Ire expen-
c!l.UIe; to collect i IN such n,auner as
70 be the leas. oppressive aid "a dlsburse
It frugaiiy. These grea; duties have been
faithfully discharged That the revenue
raised has been steadily equal 10 The ex-
pendnure clearly appears from the specie
balance in Tie treasury for three successive
years On The lst of Oc,ober, 1901, it
was . 9zG.o OBS dollars, on the Is; of Octo-
her, 1909, 539,675 dollars; aid on the
lsl cf Oc,aher, iSo3, $50 Geo dollars;
sums. al Of Which ar larger dian the sre-
Gle balance At the time Tire rev admin.
stfatGn commenced, which only amounted
10 794 o44 dollars.
That ,hey ba.s co.'eG(cd the revenue in
such manner as TO be the !, 81 oppressive
IS ev.nced yt~o considerations, the djmi.
mutton OF ,he expense of collection, aud the
pe'!ect satisfaction, or his point, which Is
no. disturbed b. snsls marE.ur OF Gisap-
probation.
That the tevcnue thus raised has been
frrgsily disburscd has already appeared.
We ca'uOt close these fcTrarSs on the
prosperous State OF our finances without
observing that neither The ptcsraer, OF lie
secretary Ci the treasury have, ~ single
instance. oyer-rated, in their estimates. The
national resources. On the c,mrary, the
ICaOtfCGS nave iDYalidD'y exceeded the
estimates. Without intending an invi@i-
aus comparison, it may be asked whether
the same con be said Of tie preceding ad-
min'slrationl Nor is il altogether urwor-
thy Of notice, that while the estimates e
hlr CAllatD have proved mcommoriy &C
curate, the predictions Of the opposition
have. IN every instance, been fllsfsd by
experience. Thus, in the first session of
The seventh congress, When the internal
revenues were abolished, and tie founda.
tionlaid Tor the extjngnjshuen' Of he pub
lie debt, Mr.. Giisec,d, ,he abl,st leader
and the mos accurate NAV of h,s parry,
affirmed that IL was una $50 and q ree,cus
% trust 20 receiving Tor several veats more
ihan s.35o,ooo doIlara from m,es, aud
1900 from o.her sources. r irg .oge-
cher 9 OF 600, which hc declared a..er To-
very practicable rcucr,l ru.r' would
leave an annual deCslcaticu Of c-0Ccn dol-
lass. Instead &c this result .ae duties
have Welded in 1901, o l26.2l3 dollar.
IN 1909, l0,ic3.oCo, aud ju 1908 iC,sUO,-
900; eXcceai"C the p t'ue %, Ni Gris-
. .tf.lt ban TIC .4-n"ft.., IUr..t.. t.... 90 D .