Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1827-02-09


on was appropriated last these yarios Objects
nu' we nave estimated Two millions land sum dou-
'e ordinary revenue f!om that source; this tlppcn,ls
upon calculations that may be iaaco,,y lis $, fer m
ic proceeds OF lands 1T mion and that will give
'or 1877 twenty two millions. This will leave in The
nu one million three hnd ed ,lousa nd dollars
l;rcln,; eAuao'dinary calls upon the Government,
'iiulug donations, Indians ,,roy en,en nj ~ arbors
i'oads, canals, BrcaIwa,ers and ,I,os,n1 oihor oh
Jeo's, watch are Indispensable aud which regularly
Ii,re'y year. ;hls sum is less than half or what
us''! applied tn all these objects. The Huuse yill
oe su 'SeG to the number and a,poun. of ,.so
ce'''e"rS claims. He himself surprised 70 sec
.'e'' o"' lie acknowledged they were necessary and
proper appropriations ami without which il was iyrpca
SINE toE any Gnvernment TO ret along
/ kno" that tmeny nili;C,ls seven hundred t,ou
' uoi'' must be pan! during the present year, bat
MOI Nno" what other appropriations may he made
curing ne present session. Until we know flat We
cdh iori 40 estimate OF how much u,epev il will be
necessary 10 retain 10 the Treasury. Suppose we an.
pol'is Hu two millions This year, cur necessary dis.
undcr our appropriations will be twenty
,'o iii"!uS soVc;: hundred thousand. Now lift should
n"iea t'iat the revenue Is but twenty two m ons WE
nSi oVeg" TIE sum III the Treasury and we shall he
10 c'fa'i the ten millions for the sinking fund
icH' rs hdch - We exceed Tic revenue. From this
we" 'Ve SHALL not be- able, during the nev, year
( % Hicei the ton millions for Tie sinking fund If
we touch the rfi:i;ur max, ,,r,.ro.oJ ., ~ 30 -
! THIS bill " - r'''au y
! av. J. said is it not bette. I, wait 20 500 ,yh,,
appropriations my he required by the present Con
Giess nrnre wa 'nmch this fand of two millions
| ''-'' Y 'sciy paced IN lIc treasury Al
exr5onciCs? " 80
lie SAID the appropriations la., AMI must always ex
@ "'e Is i'Ha'es. lie had observed tl,at, since
9'i'" Ay had greatly exceeded EXCEPT in 1918
"feh We fell from estimate 10 q pes,c cyror,ii.
'utc and y! ic Years 1919, go, '2I when W., we
noiiged 10 Ierench ard econoniza because tho reya
nue. vas greatly diminished. These excuses of apiro
pFiasf's oToT the estimates which wore created h.,
ac's oil Iongtess after 'l.e estimates we're made we're
IRON; one to threc millions year. They arc ncuIrn,
~ zoe eN Pea'e 9" H"Yern'nen,, always accrung and
Ip' e"'er i"" every fiscal calculation He said he
iaa 10 papais by him, he would show 10 wha,
those usually amounted, and of wha. items thew were
composed.
AIR. j said, if it SHOULD appear, during this wear.
mat mare Gan ten millions can he raid to Che sin,;n
h after al! Tie appropriations made for the cur
rct:t year, and leaving millions in the Treasury
! me Commissioners have the power which sbov ,y;u
ce'ta'ny exercls,, Of paying all the disposable
iua' II uicie shou! not be enough we shall have
innd OF two "iiions year from which we may
'nahe ZIP the deficiency. 8 present he woud ro he
cPosea 20 !!'it the power OF Congress 10 appropri,
ale Tor ali lie proper objects having claims ,,non tho
Nt'uat'y ahd the GoveIr'nent; and If we touch this sum
x seemed to t,In TIA; there woulI be limit leyonj
'Yhici' we could not safely 60 we mus, he .i;net y
t;;c
MIR ! said, i!is during the Is wears of 1895 and
f"- iia tTn"crnj!cD: had paid t?sre millions of tle
iinc DEBT over and above the twenty millions of u
S'h'hg fui They had, besides, rad fur those eai:a
ordinary expenses OF tie Guvcrn,no m which i,,j .o
wisely applied to great and important objects six nil
,'os; making rlass OF millions paid iron, tl.
treasury during those The three millions had
"i,pHes 20 "ehcieacies of former years 10 wheel.
N'tS ha': i!oi pr"a able 90 gay the ten millions
Nh :. said, tina, it vas tho approximation over Tho
estimate 'iIa created he difference last wear between
lie Secretary o! The Treasury and the Chairman f ,,
" avs an" Haan9 Cc!:aitlee in Tie House OF Poore
sentativts. - - ~
line Secretary of tie Treasury had ca.crialcd uoo,
'eSe appropriations nj af'out three millions wl.lc :, IS
not iaF wong The Chairman emitted ;lcui because
nor eS''ina'er "hd this constituted The difference r.
tween the SIX and nine millions s cb was uecesso,y In
| meet the debt failing due that YEAR
W.T.. >. SAL ti'a noiwj'is' inii we have paid more
uaii nine fnhans n wears o. or and !ov, tho r
u'hary appropriations Tor lie Sinking fnnd and the ex-
Pei'es of tie Government, there remains in fIle rea
i sorry t'F" millions. This is q sacred derose Cor
all suaden eme gencIes 1t may not be called for This
year or 'h' next, but no one knows what unexpected
ef ent may require il.
5Ut If !! Is net necessary 90 be prcscrreG for sucI
. . '' - ma! arse and 90 arse, in every
country, II does nc; belong to the spIinr G,rJ W.
have paid over eleven millions last wear; we shall nav
Tins year at least ten That IS as much as can bc ,,a
III 'ntuIe' with just regard 10 other objects claim
his sum- lif IT must be vioated improvements of
various knds, DOW pressing on tie consideration of
Congress We have ports open. channel, TO despeu
bteakwHters roads, canals! aud various other subjects
OF great concern 10 ibis country. If This sum may he
safely Touched, why apply to the sinking fund? The
public debt shof; oscyeny four millions; Of this thur
ieen millions is per cent, stock which will never n
redeeHeh mere remains but sixty millions 10 which
we apply zen every year. 30 is in prorrcss of ren.I
icXtinGHisbmen' II the debt vas exiinrn he'd ,,e
should hhye surplus Of more tnau ten rniilionsa
sum too lIge to be expended in ono YEAR. III
WIZ therefore be more prudent to take two millions
from Tie ten already applied to the sinking fnnd. nj
viii postpone the final Hayt7ent less an fi,ee yo,r
IL we TX the sinking fund al eight millions if will
eA'ingulsh The whole debt in 1852 aud this viii give
Us TWO mHiiHos year Tor these great objects
OF Improvement Gie money viii be gradually and
nseuiiy expended and defer lie time wien ,ye rnst
have large sn:PustGo large 10 DC wisely and equal
distributed IN one car for all The great common
ooJects, TO '"hch Is destined For tie present fo
was wiling 10 lei every thing stand as il did; bu il
must become a matter Of serjons in,rirr h
"cn we VIII apply 70 the public debt annually, and
how much to the objects of Improvement and tla
I,'ist oe 'et 10 The wisdom Of Congress. lie was OIL
OPINION mat eight millions, applied for five wears
ana SIX mIlo"s thereafter would pay the debt soon
enough and leave from four TO five millions year
ioF al OBJECTS worthy tie public attention.
"as necn rumoured hat the Treasury will be dei.
!Ia,lsL u hH DRAINING. .r=...- Y. -