Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-12-06

ternned disregard its own solemn undertaking. and
refuse to pay acknowledged debt In that event,
every day delay part will be stain upon
national honor as well denial Of justice TO in
lured citizens Prompt measures, when the refusal of
France shall be complete, will not only be most honora
bic and just but will have the best effect upon
tional character.
Since France violation of the pledges given through
her minister here, has delayed her final action long
that her decision will probably be known in time
- "'iNaeu W ui.s Sohgtess recommends uiat
law be passed. authorizing reprisals French
ty IN provision shall not be made for the payment
of the debt at the approaching session of the French
chambers Such measure ought not to be considered
by France as menace Her pride and power too
well known TO expect any thing from her fears and pre-
clude the necessity of declaration that nothing parak
ing of the character of intimidation is intended by
She ought TO look upon il the evidence only Of
infcxiblc determination the part of the United
States to insist their rights. That Government, by
doing only what has itself acknowledged to be Just,
will be able to spare the United States the necessity OF
taking redress into their hands, and the pro-
pcrty OF French citizens from that seizure and scques
tration which American citizens long endured with
out retaliation redress If she should continue to
fuse that act of acknowledged justice violation of
the law of nations make reprisals part the
SION vi hosuIues against the United States she would
but add violence to injustice and could not fail expose
herself TO the just censure of civilized nations and the
retributive judgments Of Heaven.
Collision with France il the be regretted on
account OF the position she occupies in Europe rela
ton to liberal institutions. But in maintaining our
tonal rights and honor all Governments are alike to us
If by collision with France in a case where she is
clearly in the wrong the march of liberal principles sha
be impedcd the responsibility for thai result ms we'll 40
| every other. will rest on her head
Having submitted these considerations, il belongs to
Congress decide whether after what has taken place it
VIII still await the further action of the French Cham
bers adopt such provisional measures as it may
deem necessary and best adapted to protect the rights and
maintain the honor Of the country Whatever that de-
csion may be- will be faithfully enforced by the Exc
cutvc, as far as he is authorized to do.
According to the estimate Of the Treasury Depart
ment the revenue accrung from all sources during tho
present year, will amount to twenty millions six hundred
aud thousand hundred and seventeen
dollars which, with the balance remaining in the Treasu-
hundred and two thousand nine hundred and five dollars
produces aggregate thirtv-two millions three bun
dred and twenty-seven thousand hundred and TWEEN
y-ree dollars The total expenditure during the year
for alLobects including the public debt is estimated at
twenty-five millions five hundred and nincty-one thou
sand three hundred and ninety dollars which will leave
balance in the Treasury the first of January 1895 of
six millions seven hundred and thirty-six thousand two
hundred atns tirtytwo dollars In this balance howe
vcr will be included about million hundred and
fifty thousand dollars of what heretofore reported
by the Department not effective.
OF FORMER appropriations it is estimated that there will
remain nnexpended ut the close of the year, eight
mons TWO thousand nine hundred nd twenty five dollars
and that OF this there will be required more than
five millions hundred and forty -one thousand nine
hundred and sxyour dollars accomplish the objects
OF all the current appropriations Thus appears that
after satisfying all those appropriations and after dis
charging the last item of our public debt, which will bo
done the LIST of January next there will remain uncx-
pended in the Treasury, effective balance of about four
hundred and forty thousand dollars. That such should
be the aspect OF our finances, highly attcrng tho
ustrY ana enterprise OF our population and auspicous
oil the wealth and prosperity which await the cult
Vitt)n OF thclr
det however, TO recommend change for the present
IN imRost rates. the effect of the gradual reduction
now in progress in many of them, being sufficiently
tested, TO guide in determining the precise amount Of
revenue which they will produce
free from public debt at peace with all the world and
with complicated interest in our ntercourse
with foreign powers, the present may be hailed as that
epoch iii history the favorable for the settlement
of those principles domestic policy which shall be
best calculated to give stability to Republic and
cure the blessings of freedom our citizens Among
ese principles rom our past experience, cannot be
fAltrIfy
Government, and rigd economy in its administration
should be regarded fundamental and sacred All must
be sensible that the existence of the public debt By render
ing necessary for ITS cNtinguishment asncreas-
ed the difficulties which nseparabe from every exer-
cise oil The taxing power and that was, in this respect
remote agent IN producing those disturbing questions
which grew out OF the discussions relating the Tariff
If such has been the tendency of debt incurred the
acquisition and maintenance of national rights and
bertes the obligations of which all portions of the
Union chccrfuly acknowledged, it be obvious that
whatever calculated to increase the burdens of CO.
vernmen without necessity, must be fatal to all our
hopes of preserving its true character While we are
clicitang ourselves therefore, upon the extinguish
men of the national debt and the prosperous state Of our
finances let us not be tempted to depart from those sound
maxms of public policy, which enjon Just adapta-
ton OF the revenue to the expenditures that
sisien with rgld economy, and entire abstinence
from all topics of legislation that clearly within
the constitutional powers of the Government and sur
gested by the wants OF tue country Properly regarded
under such policy every dminuon of the public bur-
dcns arising from taxation gives individual enterprise
increased power and furnishes TO all the members Of
happy Goncderacy, motives for patriotic affection
and support But above ALL its most important effect
will be- found in its influence upon the character of the
Government: by conlnng it's action to those objects
which viii be 10 to it the attachment and
support Of our fellow-citzens
Circumstances make it my duty call the attention Of
Congress to the Bank Of the u s. Created for the con-
ycncncc of the Governments that institution has become
the scourge Of the People Its interference to POSTPONE
the payment Of portion of the National Debt that il
might retain the public money appropriated for that pur-
pose to strengthen it in a political contest-te cxtraor-
binary extension and contraction ofts accommodations 10
the corrupt and partisan loans-its cxcu
SION OF the public directors from knowledge Of its
most important procccdings--the unlimited authori-
" conferred thc President, expend it's funds
In hiring writer's, and procuring the execution of
printing, and the made OF that authority-the
retention OF the pension money md books after the
lection OF new agents-the groundess claim to heavy
damages IN consequence Of the protest of the bill drawn
the French Government have through various chan
nels been laid before Congress Immediately after tho
close of the last session. the Bank through s Prcs-
dent announced it's ability and readiness to abandon
the system Of unparalleled curtamcnt and the Interrupt
ton OF domestic exchanges which had practscd upon
from the LIST Of August, 1888 TO the Both June 134
and 70 extend its accommodations 10 the community
The grounds assumed in this annunciaon amounted TO
an acknowledgment that the curoilmcnt in The extent
10 winch II had been carried necessary 10 the
sacty of the Bank, and had been persisted in merely TO
induce Congress to grant the prayer Of the Bank in its
memorial relative to the removal Of the depositog and 10
give II charter They substantially cOnfcs-
sion that all the the real dstrcsscs which individuals and
the country had endured for the preceding six or eight
months had been ncedlcssly produced by with the view
ofafiectng through the suerngs Of the People, the lcgs
lativc action of Congress subject Of congratulations
that Congress and virtuc