Jenks' Portland gazette. [volume] (Portland, Me.) 1803-1805, 1804-06-25
POLITNS.
FROM the cESrIaEL.
FROM THE cEsTINEL.
TiUME...W w, H.
Rswezp ar 9sfFsRSoN'S H1im;mitfofies.

AtiG Caulc, WnlCh operates NOR powerfully III
difplacins All naturalization in elective govern
ments, is generally enc charge at nlmanas'ng
thc natona finances. fhas it happened to the
waihia IT., and Adams al nin.ltfations. SO
often did the partiz ans Of the prctent rulers ex-
claim againa the federal di -eteion Of the rev
enue 70 often did they repeat the cry Of vepal-
iiy, corruption, ana prodgality in thofc who
confronted it, thas in defiance of truth, they at
lat electrified the public mind, and produced
change. An examination however of the fate
Of finance at the commencement and during the
former government, will ONCE MORE, IN Al
MOST INNuMERAaLE TIMES, dlicover the only
featon for tucha change. .og/siou fa5s6aof. 1t
wl !hov the hicsl operations Of the federal adj
niniftration to nave been highly conducive to
the PROPERTY Of the nation /; AID conicqUcntly
ere condua Of their fucccaors toward them,
81 have been unprinc,pled and dngraccful. l,
will point to the caufe of the confederation and
teipec, which we enj ,yed among foreign nations;
and enable US by oonpariion, i'll. the concluGon
Of theic unbers, to acertain the merit of the
~xs{pettivc administrations.
From re ,,rt Of a committee Of cousrcrs ap-
pointed, March IA. Soc, to examine the ac-
Souats of the United States. relating TO the pub
&c debt, and report of Mr.. Gallatin, dared
December IS, iSo,, with the documents, to
which in thefc reports there is reference, it ap-
pears thar the federal administration received
from rh- confederation debt Of 76,7Sl953
dollars. The property of the United States.
which thev ?oH:ied. wfiru shsi- tifcai arrange
merits bsga,. TO operate, aud which was applied
60 trS -e1sinsuilhmene of the public debt. a.
mounted to little more than two millions and
IN hsIf.--lhe debt, therefore, for which the
feiera.jas had to provide, was 7a,s85,so6 dol
Thic finn xuac RI he. maid hv the nrc.
eeeds of revenue, as yet icarcely fyte,natized
On the hrit day OF January 1898, when the
conduct of France had forced Us to arm our
vcirs, after drinking the cup Of humiliation
% the dregs, the amount of the debt was
676a7,3,S dollars. AT this time therefore the
government had ditcharycd more than fix mil
l,ons and an haf. On the 6rlt day of January
1870, the debt amounted to 7o,2i2,7i8 dollars
From 1893 to $3.50 it had confequently in
crcaf.i upwards of two and an halt millions
This increafe arof. from extraordinary expen-
ditures in confsqucnoe of the wanton and un-
rcovok-d agsreiIion of France. But the nation
al debt, which the federats had to pay, was
7a,,8,,5oo dollars. They had therefore in the
year 1900 iiminiihed it alnoit four millions Of
dollars.
.Mr. Gallatin in his report fta.es the public
debt on the firh Of January 1891. to have
been fraction more, than eighty millions. But
In this fatemcnt he makes allowance for up
wards of two millions of dollars then in the srea-
fasy, CATH in the hands Of collectors, the amount
cf bonds at the cuitom houfes, and bank itock,
all which mot have arnounted to more than ten
millions. On the hrt of January in the pre-
Scding year thele itcms amounted TO this fun,
and the revenue then not 70 great, as in
1890. According to Mr. Gaatin's own itate-
nene then, the debt was little leis in the begin
ming Of 1891, than the commi,te Of Congrefs
made it in i8oc."
But this was not all the fcderaliits performed.
while in office. According to authentic
communication, from former member OF Com
x1eis, they paid for iaterelt Oh the pubic debt
between the years 1919 and 300, l'upwards
OF twcn,y-t.rec aad an half millions of d. liars
In addition to this fun, which public faith and
credit obliged them TO pay, they were under
the neceiiity of paving more than five hundred
thoufand dollars for incidental claims, ari6ng
under the Old government Sut. not included in
the amount Of the liquidated debt 4; 6i,coo for
debts, due to foreign officers, who fcrved with
US in the war; ,6o,oco for certain parts OF
the old debt, which not funded, and not
Included in the above amount /; oco,cco for
portions TO inyad folders, who lerved in the
war; $4,000 for the erection OF light houes
for the iecurity of trade; $4,000 TOR the pro-
tea.on of gu, COATS and cities By the fortified
ton of ports and harbcrs 10000 for making
and prcicrving peace with the indian tribes |;
100000 for fupprcIing two Intersections in
PennfyivAiia," in one Of which lSir. Galiasin