Rhode-Island Republican. [volume] (Newport, R.I.) 1801-1806, 1804-11-22


fhall in tact do that which will he equivalent
10 giving every every family ia the United States
the ium OF one hundred aud lhiry doars.
Aad by dearoying this infant funding fyftem.
we iha!l forever croih the proud hopes OF 40 as
plnos atiAocracy."
Such might have been the languagc Of tho ad-
miniitrAtioo. IL would, il s true, have been
/ the language OF unrrincipled ambition, or demo-
I niacle revenge. .--Bct alas how general has
been the dominion OF thefe dark ard arocous
patiioos over rulers State yeiiv. thar damnabIc
pretsx, ot syran,s. has ex,inguiihed every where
the lights ot juaice ard humanity. No. the
republic.-l ad mniRrs'ion held no fuch laneuspc.
They roe NOT, hike lawlcts comets, here 20 de-
| luge and rhere 20 conA,gratc world bot, re-
voiving, 10 their appropriate fpheres, and ihin-
ing upon the had as well as the good, they ihcd
JOY and gladncis in their couric. A fruc To
the principles OF jaaice, as the planetary fyfem
10 the laws of nature, they facredly rfwtied
her eternal mandates. A regard to national
good faith ohiterated every minor fetling.---
They love their country TOO well 10 fscrihce its
fame on the altar of revenge. The rcgoIsr pay
ment OF the intercit has nor. for moment, been
imreded while the ultimate difcharge Of the
principal ha, been hahcaed beyond all prece1cnt,
towards which the annual fun OF icven millions
three hundred thoafand dollars has been appro-
priaied. Under the suipces of thefc mcaiures.
our aock has rifcn, and thofc, 20 whom we are
indeb,ed, are only dihati,fsd with the unexpces-
edly frecdy diichsrse OF their Claims.
This view Of the ffcsl operations Of The
government might be ex,endveIy rami6ed. This
would, however. probably be TOO great a trial
OF the patience OF the reader. We fhall there
fore here rt ous detsils
The eoncuring opinions Of enlightened
writer's have impofcd three great duties on the
intendants of the revenues OF a State; viz. TO
rs!e revenue equal TO the expenditure TO
collect il in iuch wanner rs TO be the leaf OPP
preaive ard TO diibnrfe i; frugally. 1helc
great duties have been faithfully difcbarecd.--.
That the revenue rsifed has been Readily equal
TO the expenditure clearly appear, from the ipe-
cie balance in tho trcafury for 3 iuccefiyc years.
On the RI nf Oti. 1901, II was z,o46,o58 dolls.
--on the n o! October 3oz, 4,S,o,o7S dol
la,. and ON tho ~ OF October 1904. $500 oco
dollars iunis. all Of which arc larger than the
fpccc balance az The fime the new adminihfs-
,ion commenced, which ouIy amounted 10
I.7o4,o44 dollar.
That they have collected re revenue in
fucf manner AS 10 he the leaR cppIeAivc is
Of the eyrence Of collection and the perfect ftiE-
f,etion on ,hi. point. which i, not diauroed by
hpgie musmuf ofdiLpprobaiioo.
That the revenue thus RATED has been ffu-
gally difbrricd has already appeared.
We cannot clofe ;hcie remarks on the prof.
pef6p, Hate of osr finances without obiesving
,hs, neither 'he prc6dcut % fhe Secretary OF the
T,eafury have, IN hcgIe inasacc, over. rsicd-
- 81 "A skH Il h~
contrary the refou,ces have invsrisbIy exceeded
,hs eaima'e. Without intending an invidicus
ecrps,ifon, II r,ay be akrd whether the fame
can he fsid Of the preceding sdminiHraiionsf
Nor il il altogether unworthy Of notice, thac
while the efaims,es Of Mr.. Csllatin have Prov
ed uncommonly accurate, the predictions of rhe
oppcG,icn haze in every inaancc been fsIiicd
by experience. Thus in The frf feflion Of tho
7,h Congref,. when the internal revenues werc
abolifhed, and the foundation laid for the ex-
,inpuifbmcnt of the national debt, Mr.. Grif-
void, the abIcf. leader and noR scute man Of
his party, affirmed that il was onwifc & dagger
ous ~ ,rut TO receiving for isycrzl years more
than s, ,3so COO dollars from duties, & 7zT,cco
from other fosTces, making together Q, 1000,
which he declared, alter every practical retrcnct-
men,, would leave an annual defalcation of
ozo, 900 dollars. Infead Of this refolt, the d.
i,es have yielded, 10 1901. Io.Iz6,ais dollas;
in I8oz, 10 o,ooo, 900, & in 1903. Io, ,6oo,o 600;
exceeding the eaimsse OF Mr.. Grilwold in the
average annual fun Of = .ozs 600 doIlan. How
ever surprifng 'hn error may be to ibofe sdo
have paid bot Iit,.c aueoti~, TO the priocItsof
political sconomy. IL 10 es6iy accooord Tor.
We are NIT 20 look 90 the eooniipg.sooie' or
the forum. for shcfc enlarged viewssaN can on
" be taken by minds well acquitted w''n hii-
tory. and the principle. that lssela'e the inter
coosfe Of nations. To bthpn the 'otu'e' re-
quircs knowle'ge Of " Pan' on"eo WIN
capacity Of es.asi,Dg e0n The hs'siossnsoe, '.a: %
mah. ,ba, which . ,pThcsbIe to exiting e'ferm
'"' Ea, =, circanaaoce 70 comnleieIy demon
=. iu,I competency Of tie public refoosccs
S,,;.. the shoIr period Of the sdminiaration.
:. 80. ne operations for the redemption Of the pub
&c debt. In tho month Of April, 1901, Con-