South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1836-01-09

distribute is about the gross surplus, o
balance. estimated in the Treasury OF
the lst Of January, 1885. When the re-
turns of the last quarter ofthe year com.
in, it will probably be found that the CUR
plus is larger than the sum which thu
bill distributes. But if it should not be
there will remain the seven millions held
in the Bank ofthe United States, appli-
| cable, as far as it may be received to the
service of the ensuing year.
Il would be premature now to enter
into consideration Of the probable rev.
enue of future years but, at the proper
time. think it will not be difficult q
| show that, exclusive Of what may be re :
ceived from the public lands. it will be a.
bundantly sufficient for all the economi
cal purposes Of Government, in time OF
peace. And the bill, as have already
stated. provides for seasons Of war. |
wish to guard against all misconception
! BY repeating what have heretofore sew
eral times said, that this bill is not foun-
ded upon any notion of power in Con-
4 gress to lay and collect taxes and distri-
butte the amoust among the several
States. think Congress possesses no
such power, and has no right to exercise
| it until some such amendment as that pro-
posed by the Senator from South Caroli-
ma (Mr. CALHOUN shall be adopted. But
| the bill rests on the basis of a clear and
comprehensive grant Of power to Con-
! gress over the Territories and property
| ofthe United States in the Constitution,
and upon express stlpulations IN the
I deeda of cessiOn. -,
Mr.. President, have ever regarde d,
with feelings Of the profoundsst regret.
! the decision which the President the
I United States felt himself induced to
make on the bill of 1888. lfit had been
his pleasure to approve it, the Heads Of
Departments would not now be taxing
| their ingenuity to find out useless objects
Of expenditure. Or objects which may be-
! well postponed 10 a more distant day. III
the bill had passed, about twenty millions
| Of dollars would have been, during the
| three last years, in the hands OF the say
eral States, applicable by, them to the
! hene fcsnt purposes of Internal Improve
/ ment, Education, or Colonization. What
! immense benefits might not have been
diffused throughout the land by the ac-
tive employment Of that large SUN a
What new channels OF commerce. and
| communication might not have bsea o.
peneds hatladusify sli'hulaseu VIVA
4 labor rewardeds HOW many youshiu
| minds might nave received the blessings
OF education ana knowledge, ana oeen
rescued from ignorance wee, anu run
| How many descendants of Africa might
! nave oeen transported RON q country
wnere they never can ENJOY poilslcai 81
social equality, 10 the natiye iaha oitnen
fathers, whefe no impeallneh. s4ls.s 70
tneif allainmens Oh tna inquest aeslee ~
eiesation. inleiiectua's social, ana poiisl
sals " mere tney 'uigns ha's ose.' suY
seaSlul i1S.lumenss ~ w .si nAnas :. 49,,
10 spread the religion OF ms Don. ana 10
Jay the iounaa'lohs 81 cisi' lipefly
And Sir, when we institute eompsr-
1 ison between what might have been eff
| fected, and what has been in fact done,
| with that large amount of national trea-
| sure, our sensations vi regret, on &C
count of the fate of the bill OF 1888, are
still kesner. Instead Gifts. belag dsdi.
Gated to the beneficent usss of the whole
people, and our entire country, it has
been an object of scrambllng amongst To-
| cal corporations, and locked up IN the
vaults, or loaned out by the directors oil
few of them, who are not under the
slightest responsibility to the Govern
meat or people of the United States. la
stead of liberal. enlightened and nations
al purposes, 1t has been partially applied
to local, limited, and selfish uses. APP.
Piled to increase the semi,annuaI d,yi-
| bends of favotite stockholders in favorite
banks Twenty millions of the natioa.
al treasure are scattered in parcels a.
mong petty corporations and whlls,
they are growing over the fragments
aud greedy tor more, the Secretaries are
| brOodtng ON Schemes for souanderlno thr