The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1836-12-17

;, several STATES, in,accordauce ~iih the pro
visions os the act regulating the deposite.
of the public money
4 The unexpeudsd bsl,uces Of appropriation
on the Is. day Of January next, are es,i
mated a, si4 ,636062, exceeding By 80,
fsB O6o. the amount which will be left in
the deoosiic banks, .suhjec, TO the draft oil
1.-The Treasurer of tho United staics. aftei
the contemplated transfers to the several
States are made II, therefore, the future
receipts should no, be suficien. to meet these
outstanding and future appropriations, there
NAV be soon a necessity 10 use portion ol
the funds deposited with the States.
| The consequences arprehended, when the
dcposi,c &c, OF the last session received q
rciuc,an, apprsraI, hass been tneasurably
realized. Though an &C, merely ior the de.
posi,c OF the surplus moneys Of the United
/ states in The State Treasures. for safe keep
ing, unrl they may q wanted 6or the SER
vice Of tho General Government, il has been
extensively spoken Of As an act 10 give the
money 10 the several Siatas. and they have
been advised to u.e i, as a gift. wi,hou, re-
gard In the means OF 'efun'!in9 it when call
ed for. Such suggestion has doubtless
hccn made without due consideration Of
tho obligation Of the dcposi,c ACT, and with
on, proper at.cnia,n 10 the sarIous princi-
pies aud interests which arc affected by it
/, is .nan,Ies, that the las itself eanno, sane.
,ion such suggestion, aud that, as 1t now
stands, the states have no more authority 10
rccrirc and use these dcposiies without in
tending 10 return them. than any deposite
bank, or any individual temporarily charged
With Tie ssac-kceping or application Of the
public money. woukl now hare Tor convert
ing the same to their private use. without Tie
conscn, and asa,ns the viii Of the Govern
mont, Bur, Independently Of tho violation
Of public faith and moral obligation which
are inrolscd ,u this suggestion. when cxa.
mined in reference 10 sI,e terms Of the pre-
s-ns dcp,si,c act. :, Is believed tha. the con-
s,dcra,ion. which should govern tho fu'arc
Icgisla,pu OF Congress on this subject, WI
be equally conclusive agsinst the adoption
Of any measure recognising The principle,
on which tho suggestion has teen made.
Considering the intimate connection o!
the subject with tho financial interests Of the
country. and IFS grea, importance in what
crcr aspcc, i; can be viewed. have brs,ow-
ed upon IL the most an1ious reflection. and
feel il to he ms duty TO STATE to Congress
such thoughts as haze ocsEy,cd 10 n,c, 70 a'd
their celebration in ffes,,ng il IN The man.
ncr brs, calculated 10 condueo to tie com.
mon good.
The experience OF o:hcr nations aGmo-
nIshod us 10 hasten tho cxtnsut.i,neni oi
The public debt. Eu, il will be IA vain lha!
VIC hare congratulated each other upon the
Disappearance Of ;iis evil il VIC do nc,
guard agains, The equally great ono OF pro.
moling the unnecessary accumulation oi
public ,crcnuc. No political maxim is bet.
,ey established than ,ha. which tells US that
an imp, or,dcn, expenditure Of mono! IS tho
parent of proh,gaey. and .ba. no people can
hope to pcrpc,ualr ,hcir Liberties who long
.cqni sr in ,-aIey which ,axr. them lot
objects no, necessary to the legitimate and
real wants OF th.ir Government Fiattering
rs is the CONDITION Of our country at the pre-
sen, period, because Of its oncxamPlcd ad.
vance. in all ,hc steps Of soc,al and political
improvement, ii cannot w disguised that
there is a lurking danger already apparent
in tho ucgl-c, Of this warning truth. and
,ha, the limo has arrived when tho rcprcscn.
,s,,res OF The people should be employed 10
dcri,ing some moro appropriate remedy than
now exists, TO avert H.
Under GU, prcscn, rcrcnuc system. there
is csc,y probability lha, there will continue
10 be surplus beyond the wants OF the
Gosssnmcui and II has bcco"r our duly 70
]. d uhe,tj' -'irh fr-"i' ~ ''''>''"nt
v, the true object. OF our G"rcrn'urn..
Should su, plus be permitted 10 aeeuma-
late, beyond tho appropriations. 1t must be
retained in tho Treasury as II now IS, OF
distributed among the people or tho States
To retain i, in the Treasury, unemp!"y'
I'd il any wa". is imprarsicab'c. u ,s'
br,,d-s, ag.ins. tic genius "f oar ire" in
s,i.u,ions to lock up IN waits the treasure
Of the nation. To take from the people
the rish. Of bearing arms. and put their
weapons Of defence in the hands OF
standing army. would be scarcely more
dangerous to their liberties than to permit
the Government I" accumulate Immense
amounts o( treasure beyond the supple