Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-12-24

Geo ID lle large sum u nearly six millions Of dol
'afs' II Is further probable that our whole rese-
nne from customs will by the close of that wear.
have fallen to only nine millions aud from Ia nds
(or public uses, have risen not to much above four
mllllons ofdollrs, boil, making but thirteen mill
lion ri dollars, instead of their present annual a.
mount Of over twenty. For II II great and sudden
change, it is very desirable that the country should
then be prepared by diminished expenditure,
aud proper surplus on hand To meet any proba-
BILE dshcfnoN, So rs not to require new or increa-
sed taxation To d.tray tho expenses then neces-
satN. 'tmay reasonably be expected, that the
Revolutionary pension list will by that time have
chiefly dlsappcarcd-the Indian titles have been
/ mostly "NtlnRnlslled--our necessary and copveni-
eni public buildings throughout the country most.
! " hnlNlcd, and our Publications and navy, If tho
/ appropriations IN the mean time be liberal, will
/ nave been placed III proper attitude meet any
hostile agrtcsSions without the continuance of ex.
traordlnory appropriations. By This system, cvin.
clng Just and iar-Sirhtcd hcrality in grants to OBJ
Ieels clearly national and necessary aud pursuing
Il course of rigid economy and due rctrenchmcnf.
where the great interests of the l., ion will permit
ON expenses, though they must from our rapid?
extending population, business, aud frontier, in
crease IN some particulars in nearly II spond-
ihe fhio, and may not rs whole, become redr-
'td exactly 10 the amount OF revenue received;
vt they VIII, II no unforeseen caamilics occur SO
nearly approachit that sur Illus Of a few millions,
duly invested aud retained, would doubtless obvia,e
the necessity OF a ieearl tlcn soon after 10 more
taNes.
The investment III tbs or any other surplus not
noon wanted, could BIZ Effected, I'LL wanted, in any
mode most agreeable to Congress- in whom the
Whole power on tbs subject resides, aud without
Whose express authority nothing can be taken from
Tie ied>HlN lof any rmpo>c whatever. But, rs
II may not be- deemed necessary or espcdicni soon
To resort to any such investment, an explanation
al THIS Time of The different m, d,s in which il
might be accomplished, with tie opinion Of the
Department on iheirpecular merits and drncriis,
would perhaps he considered useless and conse-
quenlly only two general principles will now be-
proposed, which respectful, suggested, as pro-
per 10 have a material bearing on the whole sub.
get tlr>t, that, whatever mode may be adopted,
II should Couolm 10 thn spirli OF tie act OF March,
NY, which las hen in successful operation ever
since tho >mplusrS hecamc likely 10 ho large and
frequent, and Which required, before the invest
mont 81 them IN purchase or cNtnpuii me NJ of Tho
public debt, that enough should b. left in the
treasury I" meet all outstanding appropriations,
and Two millions morr to secure facility and
lronlptilud" IN its various auG distant operations
Aud. secondly, rhar, following tie analogy of the
above act, which separated the investment Of any
surplus for p"tnnlnfy profit cnfel from the man
dacmeni Of the public dcpositcs and ,ln duties of
nepoNil" Banks, II should leave the Bank agent,
Of the Treasury os th,, and all II. otL, e.,
grnts. ,,ou, the I,undntion AZ the Co,.,,,,a,,,
hay, been left, wholly d,,cnrn,c,.d ca far ,.,r
brnIl, i'm ,,o,,d IA iL,ir n,,nc;.. ,;,L A. a.
eeron. relation of borrower, from IN. T,.,sn,,
for rcloaninl, and for n,i,a,, pnin Sho,lJ o;L.,,
Of lhc above coll,zcs mot lr ,,,nscd nJ,;.,jL =,
far rs Il. exhaust all In, uune,rss,,, .,,,i, 80
hand the residue II not LARGO could H., o,,,I,
di.nosrd of Ly u.akinp , further ,el,c,n, ,i ~,
ever In,t and .atr IN III, r,,u,, h,o,,,,'r
ino rom customs
To ,,I,,,i,, ,l,, !, I...,.
J',,.a.,,,,. ,,, Il ,,l - ,Cor ~ 'N re "o
-, ,l,,,. - .,,,,,,,,,,..l '' '' "'' ~ NY"
source and ,Li.d, n accr,, ;,,l """' "'"'
IL =. sE,1, s yea
l,,nv ,,,,n.,.. i,,,.,. NV =" Wv,
netl,a1,s ,.rG,lI,. I,.s,,,, '..'';. "i
81 ,l,nx Slim, I',,;,.. -,
nas,d IN L., I'LL, #.,,,,,..,,,I NV ~
n,,,,f,ct,,o. rL.=,,a, ,,..,',;..... .L'
,,cl,. an, "A ;,.s and Sill t i, =, Wv
ol Good Hope. They boil, Weld IN duties ,vc,
half million per annum or, in 1894. Wines. o.
Yer Sis 0UO, and India silks. over al7l coo all
Of nllicl, nioli well he lru,ul, "a n,io<s C,ra,,s.
Should consider lie farmer = i,li,;nns ,,v e., ;,
luxury, and tie latter a> an reinforcement IN the
domestic product of silk. which, !, becoming wide.
" and successfully established. and wL;ch a
deemed a proner object of iur;d entail nr,,er,;on
by eni,lator. fronir,,r, ,o ,h, ,;.n. l,ly r,.r-
tanned by Congress J would rronire a rcs,ora,iou
OF the dn,y ON Eu,on,nn %iLs NOW .,,,,.,v s....