Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1815-12-07

cenc as well rs the justice Of the govern
ment and to inspire marital zeal for the
psbiic service upon every future emergen-
y.
Although the endorsements arising
from the want uf an uniform national cur
rency have not been diminished, since The
Adjournment OF Congress, great ST ction
mas been derived, in contemplating the revi-
val of the public credit, and the efficiency
OF the public resources. The receipts into
the reasury. from the various branches Of
revenue, curing the 9 months, ending on tho
30th OF Sept. last. have been estimated at
twelve millions and half of dollars the
ISSUES OF Treasury notes of every d, pcni
nation, during the same p = o., amou c .
to the sum of fourteen mi lions ofdolavs-
nd there was also obtA ned up II oae, du-
ring tn, same per cd, . sum cf nine mil
lions oil dollars OF which the sum Of si3:
mh ms OF dollars was subs ribed in cash,
and the sum OF three millions of dollars IN
IRE snry Notes. With these mears, adced
TO the sum OF one million and half Of dol
lars, being the balance Of moncy in the
treasury on the LIST or January. there has
been paid between the Is. Of January and
me lst otOc'obcr, on account OF the sp-
pr prations of the prect Ding and of the
present year. Exclusively of tho amount Of
ne reHsurv notes subscribed to the loan,
and the amount redeemed in the payment
OF dates and taXes) the aggregate sum &c
ihr'y three millions AMI half OF dollars,
leaving balanCc then in the Treasury es-
,inated at the sum Of three millions Of dol
lars. lndcpend,n,. how yer, of the ar
rearag due for military services ana sup
plies, t S presumed, that Il further sam of
five millions oi d,Ilars, including the inter
't- 4 ~ l..
OF January Xt, viii te demanded at The
Treasury 20 complete the expenditures Of
the present year. and for which the exit
ing ways and means VIII suiIi -iently pre-
vide.
The national debt, as it was asccrtained
on the lst of October last. araoun,ed in the
whole TO the snm of one hundred and twen-
~ m!.iiors Of dollars, consisting If the un-
redeemed balance of the debt contra It'd
before the late war, (thirty nire millions OF
doliars) the amount OF the funded debt
contracted in consequence Of the war,
{ Xty four millions of dollarsl and tue a.
mount Of the unfunded and floating debt
(mcln'ing the various issues Of Treasury
Notes. seventeen millions of dollars, which
is N Bracual course Of payment. There
vii, probably, be some addition to tn pub
TIC debt, upon the liquidation &c various
Claims. which are depending and a c nc-
latory disposition on the part of Congress
may lead honorably and adyantag- ousy to
an equitable arrsngen cot of the nll tia ex
penses incurred by the several states,
without the previous sanction or authority
of the government Of the Unitet! States.
But when it is consid red that the new, rs
we'll as the old poi tion of the debt mas b zen
contracted in the assertion OF the nati0nal
rights and independence /: an3 when it is re-
collected, that the public expenditures, not
being exclusively bestowed up + subj cts Of
q transient nature, will long BE- visible in
the number and ecu pments Of the Amer;
can navy, III the miutlry works for the de-
fence OF our harbors end cur frontiers, and
IN the supplies OF our ars mails and mag
zInes---the amount Will bear gratifyi q
comparison with the oLie is whch hav.
been attained, as well as with the resources
OF the country.
The arrangement ofthc finances, with
view to the receipts aud expenditures Of a
permanent peace establishment, viii ne
cessarl'y enter into the deliberations Of
Congress during the present session. 1t
rs true that the improved condition of
the public revenue VIII not only affcrd
the meaus of maintaining the faith of the
government, with its creditors inviolate.
and OF prosecuting, successfully, the
measures Of the most lie al poiicv-
but vii, also, justify an immediate ailevia-
ton Of tie burthens imposed by the neccs-
81 les of the war. Il is, however, C. ,ential
to every modification of the finances, that
the benefits of an uniform national currency
should be restored to the immunity. The
abs nee of the precious metals will, it is
believed, be a temporary evil bat until
thy can he again rendered the general
medium ofexchange, it devolves On the
wisdom Of Congress, to provide substitute
which shall equally engage the confidence,
and accommodate the wants Of the Citizens
throughout the union. IL the operation OF
the state Banks cannot produ this re-
snlt, the probable operation of a National
Bank WI merit consideration and if nei-
Their of these expelishts be deemed eilec-
tual, it may become necessary to ascertain
the terms upon which the notes If the 90
vernm"n mo longer required as an instru-
ment Of credit) shall be issued, upon mo
tives of general policy as common me-
dunn Of circulation.
Notwithstanding the security for future
repose. vi ich the United States ought to
hnd IN their love Of peacc &. their constant
respsct for the rights of other nations, tive
character cf the times particularly incuI-
Gates the less II. that, whether TO prevent |
or to rspei danger, we ought not to be IN
prepared lor it. This confederation viii
sufficiently recommend Co Congress IL
heral provision for the immediate eXtens-
on and gradual tomple Of the works
Of defence both fEed and floating, on our
maritime frontier, end an adequate pro-