The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1822-09-20
NATIONAL. ECONOMY.

NATIONAL ECONOMY.
When party spirll loses great portion
of influence by IA reponderanee ol one sid'
or the other, SO powerful as 10 hazard no
thing bv counterpoise, men seek new OBJ
iects and start fresh subjects To keep alive
:: spirit of opposition, which Is ever essen-
tiai to the progress Of free go'aalnent. III
the ensuing contest for President, the qaea'
ton of national economy or rather IA sy s. EN-
of retrenchment will form cardnaI object
of discussion. 1t is true that no candidate
will advocate a system OF national eXtraya-
gance. of waste or protuslon ; t4t II II e.
UualIy true that there are some "ho nave
visionary IDEAS ol "A splendid government
who mistake The giare and tias'i Of espen-
.iye establishments for the sale and econo-
mical institutions necessary fer The pubic
good All may boast Of being economists
but it is All economy corresponding WIN
tleir IDEAS oftitaess and propriety. There
are some who think indispensable 10 have
Standing army ; others Would continue te
build 74's, W bile an oah Was leit III our tor
ests. Some are for nigh salaries, enforcing
Inc etiquette OF cou.ts, and conlehdtng lor
tie inviolablily OF pubic men, aud shack
ing the Press, at least from close sernil-
Dy Of public measures. Some would dis
baad the army, lay up the navy, glHe the
President mere pittance and reduce the
pational deieuce to d cypher. Truth lies
between - a i,pllcius medium is what the
people require. The immense rush oil
Commercial prosperity, winch, after the
peace, flied our national Golfers to overflow
fIg, led some OF our statesmen To believe
that this golden current would continue 10
flow in prosperous raplditg and ander the
influence Of such mistaken calculations, u
very species of tax, however Light and
trivial, was repealed d large portion Of thu
public debt unnecessarily discharged and
the public expenditures, Internationally d.
LuluIsi4Pd.
The result OF this miscalculatioa was That
IN a i',w years the national income fell snort
Of tie national expenditure, and ieans
Were abG are resortcd to, il otdor that the
deficiency may he maze tP. he time
has therefore, arrived when ali calculations
Of economy must CEASE, the thing must be
acted upon, aud our national expenditure
must be limited to our income, or we must
ltsOll ntNtoSdl ny " L'AHtl'il' 4 no -
teuchment can be made IN the most ,ndi-
oious manner by curtallments Ill every de-
pertinent OF the government, SO that The
utility OF each may nor be injured. Sala-
ries, army, navy, and contingencies must be
Visited with the pruning knife, directed by
askilful hand every unnecessary expense
must De curtaled, every improper aud use-
less branch Topped OF, so that we can say
10 the world, We Ave like an honest nation
within our inrornc We do not shat kle
Industry, we do hot tax the people, WE do
not lead riotous or extravagant hfe, every
Thing is simple, Just, and republican,. Such
sDuncnts and impressions we Know, are
iGdulged by at least one of the candidates,
tie most democratic, and the strongest OF
them all, and such principles we have rea-
son To believe Wodli control his operations.
The idea of trflIag curtaiments has been
rldculed by some as beneath !he digna.y Of
slch government as ours but let II be
remembered that these tri!ing curtaillnents
IN the aggregate BALANCE the account.
"Saye your PENCE" was a .iudicious obsef-
Walton Of Franklin, ana the "dismty' OF
our government will be better consulted IN
Inc able administration Of affairs, than IL
Le useIess expenditures Of the revenue.
Congress however will look 10 this oil
lect. A proper feeling IS mantesling ltseii
On this poil., and if ii few mil'oas 81 cur
hlmeGt viii equaze the expenditure:
with tle revenue, it will lie doGe, an this
te'senchment viii be approved hy the peo-
Pie. W !. Val. ids.