Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1808-12-22
FROM THE NORTH AMERICAN.
THE BUDGET.

Having obtained from Washington, n
py of the annual report of the secretaE
the treasury upon finance, we lose noss
in LAYING itbefore our readers.
It will be found as was naturally expcs
to be Of great importance. It appears,
in the ensuing year the treasury vii (
completely drained, allowing only threta
lions for defraying the expences OF Ta
preparation for it. What will be the Il
sequence? The laying OF taxes; b. /
means! It has been discovered since
ascension ofthe presentrullng party to ID
er that LOANS constitute the best MODE
raising revenue ; so that the secretar
the treasury does not propose TO lay u|
for the payment Of even the interest Of
loans. II either the embargo continl|
much longer, OF the effect is precipitatd|
non-intercourse, there can be no inpr|
tons, and consequently no revenue lc|
them. There will benz outstanding boll
to yield it, for they viii all fall due will
the year. The sale oflands, far from sufl
ing to pay the interest on the old debt VI
not pay the interest of the new loans; i
cause, whilst agricultural labor.yili avalin
thing to a mans interest, there can be /
great temptation to settlers. Thus we a
brought to pause by the wonderful nj
naeeInent OF a political party, who are c.
deavoring to lay upon the times in wht
they live, their disastrous management!
the public interests. All the giided clcld
of IDEAL happiness, all the gorgeous Pha1
toms ofbesuiling philosophy, have vanish
ed from the horizon. in their stead, to
scene is composed of not:lins bae sspectT.
Of embargo, non-intescourse, poverty, civ
discord, military assembiases, eA..3r:
more horrid by the screams OF war at Dis
lance.
In this situation, we might cortent OH
selves in considering their struggles in to
tolls as Sufficient retribution, were it n
that their conduct affects the whole coal1l-
nifty.
9mcqui9 dsliyant reyes plsctmatw 15c@0
Yet they have weakly wished the poT'
to continue their bad management; and
majority OF the nation has INDUCED them
their wavwardness. A little while lonsf
and the people will see clearly, and do ju'
tice. They have heretofore rejected q
sanitary lessons Of Washington and Adaa1
and hankered after new maxinls. WEq
the experiment is finished, as it nearly =
4 steady and Interchangeable recurrence v.
be had TO those Invaluable prlatl
pies Of administration.
Were it not connected with the mclailca0
" situation OF our country, the contrast %
tween his Presidents message and this II
port Of the finaacier would excite 2 sn'pI
The former boasts such an exiiberance
wealth, az to require either new modes
expenditure, or reduction Of duties. ~
after, all woe-begone, admits, that at u
md of the coming year, we shall have ..
hing left, and proposes douJfag' the taNl
We already pay. Was there ever SO rn~
evity or insincerity before d:splayed?~|
What must foreigners-nay, what must u
ourselves think Of such a contradiction:
The doubling of the taxes will no dopsI
axe effect, and the anticipation will as pI|
,ablv cause an immediate proportlonate ri
n the articles subject to them.
It appears from this report that the ua'I
leeued public debt remaining on the d.
if January next, will be about IS mililo~
md half; a pretty heavy weight upon
ration, without the additions contemPns
n loaning without taxes, by way OF siH'''
ind or to pay even tbe interest.