Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-04-30

al debt a cursc blessing : The conlmitlee how
ever s"licions some p,ny he to try the experiment,
ana leave 10 The scRt operations of time The solution
oil the Proposition. ARE unanimously of opinion t.,ai
every clipri, within the pp aer a. the governments
anu winch would not he extremely preju,c,al to Ike
interest al tile people, should he made 10 redeem the
pun'c dent Us soou as possible
national debt creates, the persons ofthc stock
no"eis II proud, naughty aristocracy in their man
ne'S extremely offensive, md ever destitute Of that
KIM oil ,aiut and love of country that would sa-
cihcc Their pccuniary interest for that OF the nation
IL creates n body OF men whose interest is separate
ana distinct, and at with that of the great mass
oi .hc people, and who have undue influence I'M
On me administration of government. The stock
contributes nothing to the support of government
wheh every other Kind Of property does. The ba.
lance oil the nation, see y an example i'm C;re,,
britain, become the slaves, the hewers Of wood and
drawers oil water, for the stockholders Already have
INC people oil the u States paid TO the stockholders
on the score of interest, 8 Il9,i89, 39t 81
money has heen enpiaticay tenon,inaed The ST.
news o' war, raymen, of the pubic debt in tinics
OF peace is much better and more pleasing prepare
"on or war than armies, forhcaons and n;,yies Il,
l,"s p"hc credit upon better footing and in ano-
.ne' war loans can lie more advaniageously obtain
ed. In every war, the nation may be engaged in
anu an exemption ilom that scourge of mankind is
not To lac cXpeced--a resort must lie had In lo,ns
The consequence will he, that if the public debt is
no, pe'u on IN tunes of peace and additions made TO
III umcs al war, The payment OF the interest will be-
come an nsupportale butihen
In 1916, sinking fund WAS created of ten nillions
IL * pciieNed by The COMMITTEES, that, unless com.
hece Is much more prosperous than can he anicipa-
'cu, mat WIN the most rigid economy practica able
consistent with keeping up the necessary establish.
! menis at government, and without resortiuy TO The
III" ci internal duties and taxes the government can.
NOT SET ;ait ten millions of her revenue on account
me public debt, and that instead of ten eight mill
hons vii he the extent but whatever the amount
OF the sinking fund he, tile same should NOT he
nominai, but real, and held inyolate and never
touched Tor any other purpose. The people would
'h9iehy nave certain assurances, that The national
ucbt would he discharged within 4 given time The
| i"il operation OF a sinking fund Of eight n.ons,
WOULD redeem the public debt in 1872 by cx,inguisi-
"S Hrst tie SIX per cent stock until the seven shall
pecome reihbursahle, and then operate upon the
stock bearing the hiscs; nieres, first compung the
'nrec pei cent stock ut two thilds the nominal "A.
mount. In this estimate, the stock which will be
created on account of the purchase of Florida ia in.
ci'icd, and the stock due the Bank of the T. States
excluded, hecause the stock which the government
has IN Bank, will always be equal 10 the like amount
OF 1--WE per cent. stock due the Bank.
rom the facts exhibited in this report and the
conclusions deduced thereirom by the committee.
these questions necessarily occur.
firsi, has the government the means of crca,ipg
ana "eep'"S mp a sinking fund of eight millions and
IL She has, what those means
0"me polnic'ans have supposed thai AT the end OF
each hScii year, there will he hnexpented balance
ct appropriations which will be required in the wear
succeeding, and that the will average from wear
20 year, one million and halt of dollars thai the
government can consider that sum MS II bank would
her drposltes and carry the the credit of 60
'ernn'eni Tor the succeeding year. The amount of nm
expended balances which will be required to NEE,
the object Of npprupria tons depends so mucb unon
unforeseen events, and contingencies (somc wears
the appropriations deficient, other wears when
ne government las full Treasury, and appI opria,es
hberly, tie balance may be CONSIDERABLE MS in the
ophoh Oh the coiniiitce To render that sum too nm
safe and prccarious 10 be calculated upon
ne means within the control of government are
ho' Temporary loans, as late short-sghted policy
seem 10 indicate, but they are, fist, modifca.
tion oi the Tariff OF duties secondly rcrcpchnent
~ The expenditure OF government Thirdly, internal
direct, and ndt ect taxaIion
In relation 10 the first question proposed the COM
niiiIee decline going INTO The question with any otler
view than that OF revenue they helieye Ihii an
additional duty upon wooen manufacturers and that
n dmihuion OF the duties already imposed upon az,
t'cies, particularly cotton, imported from countries
beyond The Cape OF Good Hope, would increase the
customs BESIDES should the whole tariff he revised
WIN no other view than that of revenue they have
no doHbi but that the could lie made much more
productive. As IT respects the second proposition,
TO wit retienchment of the expenditures of 20.
Ncrn'nen, the committee discaim all intention OF cut
ing down and destroying any one useful or ,ecsssy,u
eStanii>hmcni "i government; but, at the same time
That they make this declarations they have TO hesito
ton IN saying, that, from the best investigation they
can give The subject that such relrenchments can he
made IN pubic expenditures, will save 10 lie
Treasury, annually, near Two millions OF dollars and
nor 'niPii or weaken any OF the permanent esiai
ishmenis oil The government; but, the contrary
give IT renewed health and vigor, like cutting away
The dead timber from a forest Of Young trees III
thcie he any one feature in the administration of the
uiHeTent governments OF the earth, more uniform
more alIhe dnd more Inveterate than any other il *
the continued disposition 10 increase the exncnses NJ
government, and an unwingness TO rctrencl, the
cause IS very Obvious those in power are disincI
ed TO pat with any of the emolumcnts of Office
Even should not much be saved i,y efforts towards
retrenchmeni yet check TO the present disposition
oi government I" increase the expenditures thereof
Is gaming q great point. Fahus the Roman Dicia-
Tor ana Washington, both thought, and so did their
countries, that 10 preventive enemy from GAINING u
victory, was 10 obtain themselves
HE committee, III this report, decline going into
The several subjects of the reirenchmcnf which
they intend TO propose because each distinct sub-
bill. f w
The third subject proposed in this inquiry, as
forming part OF the ways and means of government
Is resort TO system of internal, direct and indi
rect taxation this mode of ia ising and COLLECTING n
revenue Is AT MI times 10 be avoided by governments
unless the most mperious necessity requires it, such
as war, when the other resources of government are
TO great extent off. Inihe imposition Of inter
nal direct taxes, only such objects be selected ms
are visible, and, to q certain extent Tangible il con-
sequenty falls principally upon the agricultural pnr
OF the country, aud the great moneyed capitalists es
cape MS operation. Owing that clause i'm the con.
sulion, which compcls Congress TO iipporion direc,
,aHes according 10 the representation, itls UNEQUAL
v upon tic different states some paving three times
as much upon the hundred dollars as Others auan
the collection OF that kind Of revenue is odous and
oppressive, hecause, there is choice left TO the
people, whether they have the Of payment or
not, as here is in the duty collected from, The CON
sumption ol goods and nothing is so consong TO The
feelings OF man. have, or seem 10 have tle
right To elect whether lie will pay The tax or not
he very collection of that kind Of revenue is ycx.
aious m ITS operation, 10y introducing into tie domes
NC circle OF man, Tie rude aud not unfrequenty |
fraudulent tax-eaeIer moreover, internal taxation
Is TIE only source OF revenue left the states TO sup
port Their respective governments and common ius.
nee towards them iofbids this kind of reyo
nue., until every other means shall fail besides two
SETS OF tdx-g"fherers at the same time collecting
from the people, renders il difficult for them TO know
now much hey o"e TO each government, and greatly |
increases Tie facilities which The collectors of the
revenue 700 reueny avail themselves Of, 10 praciicc