Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-06-24

penduresand to effect this object as soon as possible,
TO reduce the tariff much, that might apply some
part of the present surplus to the estimated deficiency u
the next year. This seemed to the best, the most
natural remedy for the disease of the Treasury There
FORE have spoken from time TO time. Therefore, did
publish article of Friday last. Therefore, do VIC
cordially thank MIR. Mckay for his resolutions There
fore, do we the public against some OF tile possible
consequences of the Deposte BILL And last OF all, we
shall adhere to the prnc pie of reduction. And, there
fore, in whatever shape this Depose bill may pass shall!
we take it, as we took the Compromise bill, in the same
spirIt-and still insist disrbutinns-ro more
depostteS-but down (e tariff 10 the legitimate wants
of the government.
Let MIR. McKny's resolutions fail, we shall not
despair of success We shall be encouraged nbJ
the vote which they have received We are happy to find
there I2l Representatives of the people voting to
suspend the rules in order take them up-n opposl-
ton to'70 nays-and it gives also pleasure 10 state,
even in the words IF Mr.. O. himself, " that nearly all
the pun buren, strength Of Maine, N. Hampshire, Con.
necticut, New York and New Jersey, with here and
there exception not yet chippcd IN, went for Mr. Nc.
Rays proposition"
We have no room to-day for the various reflections
which the Depos,e Bill calls for AS the question stands
the subject is full of difficulty Men will honestly dit
fer about the best means Of investing the Surplus now
in the Treasury. We will not condemn any mans mo.
tives, whose views may differ from our own.-Wc con-
fess that Correspondent at Washington argues with
great ingenuity in favor of the Bill. Ee says:
" The question is purely Of dcpoSLtc: and not oil
donaton The constitutional power Of Congress to raise
for the purpose Of dstriJurc Donations is not
involved in this question. So inr as the use of the mo.
ney confrrs benefit upon the repositories, is ques-
ton Of justice between the Sates, rather the
whole body OF the people, and the individual coporators
in the banking institutions chosen rs The depostories-
1t can hardly be doubted, that, mere question OF JUS
tice 10 the people of the United States who according
to the theory of government pay equally as may
be, the benefits of this If public ayney ought to be
distributed in the same proporon; and perhaps cannot
be better effected than in the way proposed The mo-
ney is in hand and coming in, aud there exist no means
at present; by which il safely be arrested 10 e1-
pend it merely because we have it, would be infinitely
worse than to annihate it, because that would build up
n system of extravaganza and perPetuuc wants 'ncon-
patfe with cur sepubcan institntions.-But suppose
the, money be permitted 10 lie in the Banks. Can any
man foresee the dangers to the currency and the COM
Of the country, which may result from the vast
accumulation Of money in the large importing cities, and
the almost total drain from the interior towns and buck
countries?
If this bill shall pass, as pass it will, time will be
gained Tor MISUNDERSTANDING appropriations will
be arresed-a just republican economy will he observed
and the money will still be in the reach and control of
Congress. The agrarian system will be Iepudaled-
appropriate means may be taken to reduce the revenue
and dehnitive measures of relief under the influence Of
Administration, may DC commenced at the next
session of Congress.
Our correspondent adds that the distribution Of The
drposes in proportion the represents ton IN The Sc
nate ana House of Representatives is unquestonabIy
wrong and will probably be changed in the House, to
make conform to the rule of a1aion which is in pro-
portion TO the federal numbers
He writes us, that "Nlr Rives made Of bis very
best speeches in favor OF the bill is admitted all
hands, to have been speech Of great power, filled with
thrilling sentiments of PATRIOTISM and establishing be-
yond all doubt, that the bill involves only the simple
question of deposete, and not of donatioa.'
Our Correspondent also us, within his own
knowledge at Washington, that the friends OF the Ad.
minis,ration differ the question with the ''os perfect
honesty"-that 'he doubt and difficulty under which
Of The members act in regard 10 the best course OF
policy to be pursued with the Surplus, seem TO drsarm
every one of all party that the friends of the
President will stand firm and united let this question Dc
decided as it way"-"tI: says, elf the bill should be
lost (by vctoD still tile money will rer'n, to be mp
propra,ed or disposed - way, tt the next
sion Of Congressman therefore, if some may IN
the one side, the other, the subject will be again
taken in hand and all error may be repaired BY anot"l
meeting after greater elaboration shall have determined
the wisdom or folly Of the present scheme In this
consderute spirit we, too will meet the resultWe con-
slider this bill liable 10 serious obectnns-One OF the
most important of which Isl that unless the friends Of The
South, indeed of our free institutions every where: take
heed it s mere tariff bill in disguise. 1t is calculated
10 rvc that odious system in its most seductive for
upon u.s. We must take care, lest the Northern manu
facturers in combination with those members OF Con-
gress who would tempt their people again with the flesh
pots of Egypt may press this scheme upon us as per-
manent sYstem-and should attempt to continue
plus for the purpose Of distribution. We hope that not
one Of the 100 members who voted for MIR. Mckay re-
solution, will vote for this bill, other than mere
temporary n,ensure-and with full and mistaken de-
termination 10 call the Secretary for report the
reduction of the revenue-and 10 reduce it at the very
next session Of Congress- a measure Of this sort will
certainly soften of the objections TO -and may
conciliate OF its opponents II would indeed be
too bad if this thing should grow into pernane ntmea
sure ii would be too bad that the South should first
contribute principally to raise up this surplus and pay
bonus TO the Northern manufacturers, and should merit
see part of their own money, it were e-dstribued
tho oft he III
tinued system, shall never cease to protest. We go,
and hereafter, for the reduction OF the tariff We
nre determined To avoid the one hand the dangers
of on excessive accumulation and continuance of sur
plus lin the National Treasury and OF the other, the
serious objections to unnatural relation as would
exist between the Federal Government and the States,
or the People-the raising Of money with one hand
from the people, to distribute it among them with The
oher-and The placing the United States and the States
in the perpexng and unpleasant relation OF creditors
and debtors
word more MIR. Anthony amendment is intend
ed TO conciliate some of the opponents OF the bill
Among other things it changes the terms upon which
the Deposes to be made. In this feature, the bill
has undergone various notifications, from its egg-she
to The present time When first reported by the Select
Committee it provided that the certificates Of dcposite
were 10 be sold and aSygned, whenever directed 6y
anu act of Congress"-to bear interest Of five per
cent, and be redeemable at the pleasure OF the
issuing States. Next, on MIR. Tallmadgc's motion, ii
was amended to authorize the Secretary Of the
Treasury Ito sell and assign, whenever it shall be neces
sary, for want of other money in the Treasury TO meet
appropriations made by Congress, DC. This modhca-
Gallon does away the objection stated in last 10 the
Senators of the small States being indisposed 10 call
back the money from the States But the amendment
of Mr.. Anthony in the H: of r. makes further lnod
ication- does away the interest TO be paid by the
Sa,es-aso with the discretion of The State, 10 redeem
their certiRcates-but BINDS them in good faith to pay
up in small raeabie proportions of $4,000 in any one
monthly whenever they shall be called upon By the Sec
rotary of the Treasury.
But the fate of the bill will be decided And to
the concluding admoni,ion Of last paper still
adhere with tile mos. perfect conviction Of its TRUTH viz:
".One more caution we must suggest-Let Us not play
all happen to view this bill precisely alike, let not