The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1836-11-12
From the Nes York Journal nf Commerce.
THE SURPLUS REVENUE.


From Tie Nes York Journal nf Commerce.
THE SURPLUS REVENUE.
"Aluch has been said about The evils ol
alargc National debt; but if tho expert
cncc Of the American people is to DC ta-
ken for any thing. The evils Of large
surplus revenue arc still greater. Soscn-
sibIy arc these evils fcl, .: tic present
time, that We arc persuaded another ses'
sim Of Congress will not be suffered 10
pass awuY without an cf,r! 10 reduce the
revenue 10 the actual wants Of the Co
verument. So maay articles Of import
arc ulready duty free. that the process
NAV be difficult, wiihon. infringing upon
.lhe compromise bL, difficult or not, il.
mus, be accomplished. One method
whic,. we are inclined 10 think will be re-
sorted to. or a, lcas. urged upon the at,en-
ton Of Congress, is reduction OF the
price Of public lands 10 actual settlers, IT,
hitting Of course the amount which eac!,
settler may purchase al the reduced rate.
Such measure would aba!c the eager
ness Of spectators, antl thus IN Two ways
diminish The amour. Of reYeauc from The
public lands. But all the reduction which,
can be cGccieL hy such system. unless
carried 10 an extreme which nc should en-
,ircIy disappruvr. will fail far shor Of
bringing The public revenue within the
requisite limits. The next step ought 10
be. to inquire ,hrougl, Committee. wha,
further reductions or rcpcaIs can be eflec-
ted on articles no. coming in competition
with home manufactures; and tho nszt,
wha, reductions can be made on articles
which d, conc in competition with homo
manufactures, consistently with the pro-
per protection Of tho same. This branch
Of The inquiry nigh, properly be referred
10 The Committee On Manufactures. who
will rcry possibly conclude, lha,a more
rapid reduction on sundry articles than
Is contemplated by the prescn. Tariff. will
be better Oh the whole for The manufactu-
ring interest, than the sweeping reduction
which. il Tic .compromise' is rigid!y ad-
hercd 10. will inevitably take place in
lsi2 There will be many, however,
both in and ou, Of Congress. who will
deny the right o: one body Of legislators
20 bind their successors iu matter purely
legislative. and not rar,aking o: the
nature Of contrncs, as IN the case Of
a charter for which u large bonus is paid.
These men will bc for proceeding without
references 10 the comrromisc. und Tor
away Upon the Tariff until The
revenue is reduced to tho desired limits
Aud unless the Tariff men are prepared Ia
make liberal concessions, this party will
become predominant; for, al somc rate or
other The accumulation Of surplus revenue
mus, be stopped. and Thai speedily. lis
collection from tho people, by sa indi-
rect and ulmos, impereepiible process. is
ono Of the icas, Of crils, which il brings.
4 is however an Grill, anal one which beng
entirely unnecessary and useless, ought
10 be rcmcd,cd. After il is collected and
placed under the control Of tho Govern
meat, i, becomes still greater nai sancc.
wha, is the fac, u, this momen! Why,
that the Government has claims upon
ailIerrn. Baaks, moro than equal TO all
Inc specie In all the Banks In the CniIcd
States; and every dollar OF these claims
/. possesses The legal rish; to draw on.
n specie. Tho consequence Is. that oil
hc depesi, Banks in the country. and
,u, whole financial system, and the
property Of every man and woman in The
nation, arc in an importan, sense, =, 'i:c
mercy Of the Government. by single
stroke Of the pen ONE NAN. land he not
sp, 10 stick al ts;les,) can break hall The
!3arss and half the mere hanls IN the land
-an reyolu,ionisc property. transferring
,hs. Of uen IN active business aud mod
,ratc means, TO The hands of oreTgsown
rapi,s lists who siono eau Withstand such
, crisis, NJ Il 10 in The power of The
to produce. We do not say
Il Is tho wish Of The Government, or any
Of il, 10 use tho power wn'ct
lhey possess. for The destruction oi The
monetary institutions Of ,he country
and the immense interests there with con-
ncc,ed;-if wc thought SO. wc should no.
hesitate 10 add. lha. tho fate pointed "us
by Gen. Jackson as due TO The members
Of the Hartford Convention. would be
TOO good for any such member Of :hs Go.
by whatever name he might be
called. But without any intention in tho
case, Governmcu, welding suel, ucmcR.
dous power over The business concerns Of
the country. may do inealculab'c mischief.
and IL disposed 10 Try experiments, will