Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-11-29
POLITICAL.


| ArpnorRrAriuS OF the SURPLUS REVENUE The
Legislature OF Rhode island at lis October Session,
enacted law in relation to the disposition OF the Sur
plus Revenue be paid this State, which reflects great
! honor upon lis members. An example has been sci
worthy the litaomof other States. Ours was the FIRST
10 rgsIale, and, considering the difference OF opinion
which ii was aPprchenGcd m!ghl impede ajudicous ap-
preparation, the people have every reason 10 sanction the
Course Of the Legislature.
This mcney it will d. remembered, is mol gin to tie
State from the UniIcd States it is loan OF Surplus
unds which Congress deemed expecient 10 make sub
ect 10 be paid back again. il neeGrd io- The operations
ut The General Government Whatever portion may
all I" this State, is 10 b. loaned to the banks in ateabr
upor'n 10 their capital at interest OF hive per cent
Jtr GnIum. proposition submitted to pay the
surplus into the TREASURES Of the several towns and leave
lie disposition OF it 10 them It though to Ee OBJ
ectunable, on the ground that it was the duty of the
Legislature 10 exercise their control 0yer it, and thus
preserve good faith towards the GenerA Government.
10 vote It among the towns, would IN effect, have vio
lated the conditions Of the law, and removed the money
from The Immediate supervision Of the General Assem-
bly,.
The dsy0SitiOn of these surplus funds we repeat. is
c best that could have been DEVISED The interest is
appropriated exclusively scHOOLS-c education
Of the youth OF State Here then, Of the great
objects OF philanthropy Is achieved. hno~lrdgr, when
is enpatcaiy tie homer and security Of State and lis
power luO En0rcdge is 10 be wider ad wider d!SsrIn
mated. Our children 10 he nurtured III The school o
industry. morality and srund wisdom Ignorance Is not
and religious teed.,m To be their lcrItag" ana the
whole community is share be rally in The blessings at
an rnIghirn and promising generation.
When tue citizens OF lsis State paItic pate IN theI7
share o The surplus rcvcaur they Ought not 10 forget
those who stood up the floor nf Con rrss and avo
Gated is distribution among the States. The trammes
Of party desperate political tricks and interpretations
Of TIE PeSs If these had any nlrnce over them
They sustained the Depnse BILL because ii was Tor the
national welfare. and I" them belongs The pais" aud gra-
i,t,ir he
TIE TREASURY AND THE OPPOSITlON.
T!I. varnus lacks made by the organs of the peGald
Oppnston in relation to The measures .aken by The
Treasury partmrnt 10 carry into effect the provisions
o the depoSite law, remind Us OF the cross readings
which formerly entertained the juvenile readers OF ntws-
papers and ulmanacs We have seen IN tae same paper
one article abusing MIR. Woodbury. the ground "f las
having determined obstruct and defeat the execution
Of the law: and another Vehencnty complaining n The
operation of the transfers required and already ordered by
the Treasury Department under lis provisions.
The truth Of The matter Is becoming generally ell
anunu the mercantile community, that The politicians
last winter led the merchants upon false track For
the purpose Of promoting their influence among those
who had listened to and believed the cry Of c"rruptIon
raised against the then drposilc banks the politicians,
Messrs Calhoun, Webster aud Clay, introduced int"
Congress- and carried. law which requires that from
thirty forty millions Of dollars shall be iorcibly ta:icn
on! Of its ordinary channels Of crcuaon and deposited
in the treasures ui the several States.
the execution Of such measure, with all possible care
caution and indulgence is productive OF vast e-fct
upun the exchanges: Against whom docs just cause &"
complaint arise if domestic exchange becomes high ~
regular and unuauageabie excepting those Whose inca
! surcs have produced these cnnSe inences:
Exchanges under the system Of selected State BANKS,
adopted by the Treasury Department in s} uni: alter
the MASSAGE Of the drpuSilc law, were as 'w and as re-
gula as during the most pany Gays nj The United states
| Bank But when the Opposition have got UP the de-
pnsi,e law throwing immense SUMS out Ui Tie G"hrSr
Of trade and ordinary couerea! sonnecon, they Turn
raise cIarlor against the very arrangement oil domestic
exchanges Iodncsd By lis operation! Like the crook
backed lyran they " DO the wioag, and first begin 10
hrawl
he recent arrangement Of the exchanges further than
is necessary agency in the execution OF the laws enact
II hy Congress- ard which the mercantile interest gene.
ray igcd as srra, blessing TO the community.
A. TO the amount Of transfers ordered, tie most r!di'
:ulus statements constantly occur IL The Opposition
cwspaprrs prcb!by for the Purp"se generally, OF Hc
:o.,lishing some special chico, OF speculation on The
ar; Of tn. Editors their friends. Winnie one Oppo'
,jcu urir SAYS Mr. Wopdbury hasorderrd inu millions
from u York; The sapIrnt correspondent o' lie Alas IN
ttlcr probably written in Boston, though bearing Inc
.alc Of this CITY, states tins amount al hrcn anthems
,nd tia, quarrel in The Cabnr! has occurred upon The
subject! =.
1t is surely useless to attempt 70 explain or cHAtfad!c'
uch ur,rrsirrnus nonsense. The correspondence with
Ncssis Gr!swu!L and Swan contains. we Behave cra
lnd statement upon The SUBJECT pi Inc Transfers
,r,rr,d from New York. AS To the rAclangrs the 'er
chants ale now enjoying slight opportunity q" witness
ur the etEec, ui Their iavGrte measure, which IN li'
ianruaqc Of their orglns wress the control oi te pHo
nc money irrm this "wICktc and corrupt AuihhiSt'a
ION and before it has been carried fully In" c,rr' uicI
will probably more fully the nature OF the atsIhs
"hch. TOR po!'t'cn! effect q" hF
ion. they were so generally cIamorous 10 have coniS:
rcd -I;iuic.