Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1836-07-30
PROM THE CIRCULAR
OF SENATOR TlPTON.
TO THE PEOPLE OF INDIANA.
" aSHirGTON, July 4, 1856.

II w aSHIGGTOS, July 4, 1000.
I Fellow Ciiizens:-The first session
of the 24th Congress closes to-day:
having been afflicted from February
: until the beginning of June with Sc
were inflammation in my eyes. which
has prevented me- from keeping up nv
usual correspondence. feel 1t to be
inv duty to give YOU in a circular let
tier. Il brief accoIa: Of the most impor-
tan, subiec.s affecting yoar interests,
which have been acted on during
this tedious session.
The houris.iing condition Of our
commerce and the uncxainpied sales
of the pubic lands, left ii large bal
ance in the Treasury OF the United
States, after all the appropriations
necessary for the expenditure OF the
govcrnmcn. daring the past year had
| been satisfied. IL became therefore
a question oi much interest, how
this large surplus could be consti.u-
itionaiiy disposed Of.
/ Much OF the time of this session
has been spent N discussion upon
this subject. and at ii late day law
regulating the dcposites Of the pub
lie moneys was passed. This law
provides THAT after leaving in the
Treasury OF the United States five
millions OF do..ars, tie surplus is, on
the lst day OF january. 1897. to be
deposited with such of the several
states as shall by law authorize their
lTreasurer or other competent au-
thcrity to receive the same, IN pro-
portion to their respective represent
iation in the Senate and House OF
Representative o, the United States.
( The operation OF this measure is to
make the States the repositories of
the peoples money, where | am con-
ident it will be much safer, than it
lis believed 10 be IN many of the de-
lposite banks where it is now placed.
The law provides for the distribution
'or depos;te of the surplus revenue
for the year 1887 only, but should
the measure, as | confidently believe
lit will. be found to be Il beneficial
lone. there can be no doubt of its re.
enactment as long as :, redundancy
lof the Treasury shall exist. 1t is
hardly to be supposed. unless we
should be unfortunately engaged in
war. that the States will ever be
called upon to refund this money to
1.-The United States; should such con.
ttingency take place, however. no
State would hesitate to bear her pro-
iportion of the expenses Of a war
waged in defence of our honor or our
rights, but would with cheerful alac-
r,ty pay up to tie last dollar.
/ l have no hesitation in expressing
my belief. that the sum to be distrib-
u.ed among the States will not fall
short of thirty millions of dollars on
the first OF January next. The per-
ton that Indiana will receive, will
probably equal one million of dollars.
The circulation of this money, to-
gethcr with tie large sums floating
into our county from abroad, will
unquestionably make the money mar
ket easy, and will enable the fund
commissioners TO procure the neces-
sary funds to carry on our public Inn
,provcments. The talent and energy
of the board of public works as now
organized, warrant the belief that
the funds placed under their control
to be expended in the construction OF
roads and canals, will be properly APP
piled to the objects for which they
are intended. Upon the energetic
and economical application of all the
resources of the States to the I'M
iprovement of the commercial tacili-
! ties within their own limits depend
the happiness and wealth Of the peo-
pie and the perpetui;y of our union.
Our portion OF the surplus revenue
will enable Indiana 10 push forward
her great schemes OF internal i'm
provement with spirit and economy.
Money d,sbursed By the legislatures
of states is more immediately under
the eye of the people. and a more
rigid accountability viii be observed
in its application than is generally
observed by the United States. By
this means a barrier is raised against
the patronage of the General Gov
eminent. which has SO often been
subject of Jus: complaint. =
4 bill establishing number Of
new post routes In al! the states be-
came law. In this law Indiana has
been amply provided for. All the