The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1836-12-16

0tsNrtlAncu1t tNsAENr1s INC rArrM1i
lures Tor all objects during he year. are
ssarmnsd MOI 10 exceed $4,000. 900 dol.
bars. which win leave . balance in The
treasury for public purposes on The 6rsl
day 81 January nexl Of about 81. 725 $50
dollars. Tins sun. wiih the exception
Of Eve millions. gill be transferred 10 the
several STAIRS. m accordance with The pro-
visions 0f The ACT regulating The dePOsiles
Of the public money.
The unexpended balances Of appropri
alion on The first day II January next. are
estimated 81 a 6s6.a62 dollars. exceed.
ias By e.638 Coz dolls. the amount which
w,,l he leli 90 Ihs dep0siIe banks subject
o. the irsh Of The Treasurer Of the Unlled
S's.-s, sfsr the contemplated transfers
10 the several states are made. II. There
forr. The future receipts should NOT be
snfhrlenl N meet these outstanding and
fnsure appropriations there may be soon
o necesslIy 10 Use . portion Of the funds
deposited wiih The states.
The consequences unprecedented. when
Tie drpasIIe set Of the last session reeeiv-
sd reluctant approval. have bern
m saIsbly realised. Though an act
mesrlv Cor the deposiie ~ the surplus
mnnnys'Of the United Stairs % the state
irsa~ ,res. far safe keepIag. uniil ihey
ms se VARIED Cor The service 90 the
n frai g0s-rnmsR'. ~ has heen .xlen.
siyssy spoken 1f a. "a act co give the
maa.y 10 the several STATES. aud they
hlve heen advised TO use iIas g,fl NiIh.
on regard 10 the means of reImnding il
when called tor. Such . suggrsii"a has
daahlless been made without a due
consideration -of the obligation of the
deppslle act. and withou, . proper slIen.
iian 10 various principles and interests
which are affected b. Il. Ii IL manifest
tina the law itself csnno, sanction snch
. suggestion. aud that. as IL now stands.
the states have M mnre authority TO
receive ard use these deposlles without
intending 10 relura then. than any depo
site bank. or any individual temporarily
charged with the safe keeping or sppIica.
bon Of the pubic money, would nov
have for converting the same "a their
private use, without the eopsenl aud
against the will Of the government But
independently Of the violation OF public
!ai.h and moral obligation which are in.
VnlSed IN this suggestion. wheH exsmin-
Cd IN reference TO The terms Of the present
derosi,e scI, il is believed that the con.
slderaiioas which should govern the fu
iure legIsisiiOn of Congress on this sub.
Jscs, will be equally conclusive against
The adoption OF any measure recognising
The principles on which tbs suggestion
has been made. Il
Considering the intimate connexion Of
the subject with the tiasucisI Interests of
The country, and iIs great inpotancs in
whatever aspect Il ear be viewed I have
bestowed upon Il the mast anxious rrfirc
to. aud feel - to I've my dn.s 10 STATE
10 Congress such thoughts a. have occur
red 10 me. To- aid their deliberations 10
te.nng u IN the msnner hest calculated
30 c"ndGce '" The commen good, o.,
The experience at other nalinns almn.
pishsd W 10 hasten the rxin .ulshmeu.
OF 49, public debt. But !. vii br in vain
d. se have congratulated each other
up1a the disappearance of this evil. if Ne
d. rat guard against the equally great
ORE III promoGins the unnecessary accn.
rnnalion Of the public revenue No
Pr neal maxim is better established
than that which tells US that an improvi.
dem expenditure OF mnney is the parent
OF proflgacy, and tina. no people can
hnpe to perpeiuate their liberties who
long arqulesce IN policy winch taxes
then for objects no, necessary to ihe
legitimate and real wants of their govern.
mrnt. Flsttering as IS the conditioo of
our country al the present period. be
Cause Of its unexampled advance in all
She steps Of social and political improve.
menl. It cannot be disguised that there is
a lurking danger already apparent IN The
neglec! Of this warning truth. and that
The time has arrived when the representa-.
tives Of the people should he employed
In devislng some more appropriate RENEE
dy than now exists. TO avert IL.
Under our present revenue system,
there is every probability that there will
continue to he a surplus beyond the wants
Of the government: and IL has become
our duty 10 decide whether such result
be consistent with the true objects If our
government. s~
Should surplus be permitted TO &C.
ennula,e. beyond he appropriations. IL
mus, be retained 10 The treasury as il
nov is. or distributed among the people
or The states.
To retain il in the treasury, unem.
plnl ed IN any way, Is impracucabIe.
u ~. besIdes, against the genins oG our
frrr institutions TO lock up IN vaults the
ua@-ure 0f the natinn. To TAXI from
o. people the right Of bearing arm. and
pyl ,hef weapons Uf defence 10 the han,is
Of standing army, would he scarcely