Delaware gazette and American watchman. [volume] (Wilmington, Del.) 1828-1837, 1832-03-06
Erom the london Yfmea.

From the London Times.
The official report on the finances of the United
States, the principal part Of which we give this
day, is paper which ought 10 become the
manual Of every English statesman. Here is q
country, second only to Great Britain in power
among maritime States, oyerHowing with prosperi.
ty and happiness;-one which knows not the
meaning of internal tumult;--one of which all the
citizens, with scarcely an exception, can command
the necessarIes of life, meat, drink, clothing,
and shelter fiom the elements in ABUNDANCE
in which labor is sure Of its reward yet where
members Of Parliament are chosen by universal
suffrage, where neither tithes game laws are
TO be found, and where the Chief Magistrate lives
with dignity on an income from the public Of
about 5,00Cl. per annum. See how this country
is taxed, "a country OF 100000 of inhabitants
The revenue, then, raised upon the United
States last year has been about six millions and
quarter sterling, and yet the Government has con.
trived TO devote to the liquidation of the public
debt within the same period, no less than $780,
OOCl. sierling,--more than double what the mana.
gers of English finance have been able TO besiow
upon the same object, out OF revenue of 46,0Oc,-
00I.
But if VIC inquire how it happens that America
has been able TO do much, aud England SO little
towards that most desirable Of all ends, whether
for an Individual or a nation solution lies
upon tho surface. The civil list Of the United
States, which covers the whole expenses of the
civil government, fiom the President TO the young
est clerk in Office, throughout all the departments
administrative and judicial, together with the cost
Of the entire much extended q well-executed dip
lomacy of the Republic, in her intercourse with
all the nations Of the civilized work., --coverng,
further, that item formidable in the finance re-
ports of England usually described as miscellane-
,s,tfl tlts.2sv
has very little exceeded half million sterling,-
about one-ffth, we apprehend. of that of England
Again, he military service, including the army it.
self. Notifications, ordnance, Indian affairs army,
the militia, and internal improvements, the last
article including the great roads, canals, and gene
raj communications Thought the country, does not
amount to more than ,O00l.,-less actually
than the ordnance estimates alone for single
years expenditure in Great Britain
The next head Of expense in this report ia the
Navy. We know we'll what navy estimates ate in
England ,-what injustice towards fricndless off.
GERS is provided for and sanctioned by them,--
what prodigality, the result Of unchasised obsti.
macy, stupidity, arrogance, and indifference to the
public interest, in some of the executive civil
officers. To perpetuaie this ruinous system, and
TO protect its authors or abettors the accounts of
some Of the boards under that department have il
has been proved, been framed with all the marks
and tokens of studied mystifcatiuD. Who Will
ever find out what has been charged TO the people
of England for the single article of alterations in
certain classes Of our men Of war? That no wastes
full vagaries are tolerated in the marine depart.
ment of the United States, we may Judge fiotn
the fact that the sum total charged TO that branch
of the public service is but 670,C0tl. sterling for
the year 1881. Yet wherever an American in.
terest requires it, there an American frigate or
squadron is assuredly to be found. Yet moreover,
besides FIVE large frigntes, II heavy and effective
corvettes (sily termed sloops), and seven schopn.
ers; the dock.yards are filled with valuable timber
and stores for the maintenance and rapid increase
of the Navy, the fruits. of parsimony and of real
responsibility during the succession Of years.
| Can it, from few such circumstances MS we
have glau ced at;-can il, say, surprise any
thinking man, that the whole debt of the Repub.
tic is now reduced TO 24,00n,0C0 of dollars, or
about 4,t00,0,0t. stering1 Can it surprise any
body that, under a system of rigorous and saluary
superintendent by the nation no such a
phrase "carrying on the Presidents business"
has ever occurred to the imagination Of Any Minis
ter when calculating the result Of measure nro.
posed to the Congress or Senate oil America. But
pondet well the happy consequence ofthe progress
made in paying of the public debt of America
The sinking fund accumulates, but does not las
in other counties) melt like snow ball. While
the estimated revenue for 1882 exceeds BY the
difference between 23,000,0O0 & $4,000 900 that
Of the preceding 10 month"; the expenditure is re.
duced from 100000 to little molo than 5000.
900, and the stupendous phenomenon will in about
IL months from the present date be produced of
national debt utterly annhlated BY h Young re-
public,- THAT debt which, originally created by
war with England, has been regularly and wisely
diminished during every year OF peace while the
same peace leaves England sadded with debt,
little short Of the full amount at which it stood
when the miserable treaty of Client was signed
by MIR. Goulbourn.
There are other matters of considerable though