The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1815-12-13

A
the claims to attention, that decision by the
standard Of compara,ne me,i, could seldom
be attained. Jadset, however, 10 candor, by
a general standard of positive meris, the Az
my Register will, il is believed, do honor TO
the establishment while the case of those
officers, whose names are not ;ntlnded ip II,
devoiyes, with the strongest Interest, upon
the Legislative authority, for such provision
as shall be deemed the best calculated 10 give
support and solsce to the ve,efan and invalid;
TO display the benihcence, as welt as the jus
ice OF the government and to inspire
martial zeal Tor The public service, upon ev.
cry future emergency.
Although the embarrassmcnts arising from
the wan, of an uoiioi m national CURRENCY have
no, been diminished, since The adjournment
ot Congress, grea, satisfaction has been ds,i
we'd, in contemplating the revival OF the pub
lie credit, md Tic efficiency Of the public re-
suufccs. The feceipts into the Treasury,
irom the various branches OF revenue, during
The nine months ending on the soth Scptrm
Der last, have been estimated at twelve mil
| hons and a hall oi dollars The issues Of
Treasury Notes of every denomina,ion, dur
iog The same period, announced tclhc sum al
fourteen millions OF dollars and theie was
also ob,aloed upon loan, during the sane pc
| Rod, sum OF nine millions of dollars OF
which the sum 1T six miilions of dollars was
subscribed IN cash, and e.. scm Ut three mil
lions Of dollars in Treasury Notes. With
these means, added to the sum Of one mil.
l.!icn and half OF dollars, being the balarcc
| ot money 10 the T. easury on the lst oil Jan
| there has been paid between tue Is, Of Janu-
ary and The l,t of y c,obet, on account Of the
| appropriations of he preceding and Of the
| presen. year, Exclusively Of the amount OF
| the rreasoiy Notes subscribed 10 the loan,
| anG tac amount redeemed in the payment Of
| duties and taxes) the aggregate sum Of thlr
| ytnrcc mlions and hall oi dol!a, ., leaving
balance then ~ the Treasury estimated al
| the SUN OF three m,loos Of dollars. lode
| pendent, hcwcver, OF the arrcaisgcs due Tor
| military services aud supplies, ii is presum-
| ed tbai further sum OF five millions of dol
| lars, including the 'interest on The public
| debt, payable on the 1T OF Janua next, will
be demanded at the Treasury TO complete
| the Expenditures IT the ptesen, year, and for
which the existing ways aud means will suf'
| licien,ly provide.
The national debt, as IL was ascetainca on
the lst oil October last, amounted in The
| whole 10 the sum OF one humid ed and twenty
millions ol dollars, consisting of the unre-
deemed balance OF the debt centracted before
the late war; (hiIty.nine millions Of dollars,)
the amount oi the funded deb, contracted 10
consequence OF the war. (six,y lour millions
Of doiars) and The amnun, oil the uniunded
and Hoaiiog deb,, (inciudins the various is
sues Of the Tteasury Notes) seventeen mil.
lions OF dollars, which is in gradual course
o. Payment. Tne,e viii probabiy, be some
addition 10 the public debt, upon the liquida-
tiDn Of variou, claims, watch are depending
and d conciIiatofy disposition on the pat Of
Congress may lead honorabiy and advantage
ously 20 an equitable ariangemcn, Of the mil
ria cxpences, incurred by the several states,
without the previous sanction or sotbori'y Of
the government # the United States Bui,
when IL is considered, that The new, as wen
as the old, portion Of tho debt has bec0 cop
tracted in The assertion oil The national rights
and inde pendeBcc and when II is reeoiiect-
ed, that the public expenditures, not being
exclusively bestowed upon subjects OF tran.
sien, nature, Will long be visible 10 the num-
ber and equipments OF the American navy. in
the military woks for The detcnce OF our. .har-
bors and our frDnuers, aud IN the supplies OF
our arseDals and mae zInes the amount will
bear gratifying comparison with the objve,s
which have been attained, as well as with the
resources of the county.
The arrangement OF the fnances, with
view to the receipts and expenditures OF
permanent peace establishment, VIII ne1cs-
satiIy enter into the deIiberalions Of Congress
during the present session. IL Is true, that
tho improved condition of the public revcn-
ne, will not only afford the means Of main
tanning tho iaith Of the government with It's
creditors insi1lstc, and Of prosecuting sue
eessiuIIy the measures me mos, Iibersl po.
Icy bot will also justly the immediate slIc.
sis'on of burlhens imposed BY The necessi-
ties OF the war. /, is, however, essential 10
every modilieatfon ot the 6nances, that the
benefits ot an vniform national currency
should DC restored 10 The community. The
absence of the preciou, metals will, u Is be-
n Had L.. ..9sl t.l fs