Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1836-07-16

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CIRCULAR - 0saaass 0eo6sssks.
WAsuEsoreN CrrY, June %, 1855.
Asothsr Session Of strange and peculiar
character 10 drawing near 70 close. snd
- heretofore has been my custom, par
pose on the present occasion, TO give Ia
tho People Of The State, . bssef outline Of
The business transacted BY u, and pending
Lelose it.. ], has been Session OF great
interest. novel in ito character and Incl
dents, aud calculated to psnduce = strong
and exciting seton upon the body polite
throughout the United States.
The Surplus Revenue, strange ~ il may
appear, has been toe most difficult ques-
ton Of the Session. The surplus on hand.
vas admitted, by a report ef the Secretary
ct the Treasury, Of the 9Th Of June last. to
be upwards Of thrty-'hree millions. This
in the vaults Of the Depos,te Banks, was
withdraw from circulation, or its circuia-
ton in al! respects, subjected 10 the dis
cretion ofthose institutions. Various plans
have been proposed for getting rid Of il:
such as distribution among the states; bull
ding Notifications on the sea board, and
sh,ps Of war; and the Land Bill. These
several schemes have had theft advocates,
but, until a late period Of the session. the
probability was, that the whole surplus
would be expended IN building fnrtifica-
tons, and ships Of war, and in arming them
The friends Of the Land Bill were not no r.
ever opposed TO gradual increase Of the
Navy and Notifications, nor to ap2ropria-
lions much enlarged for these objects;
but they contended for a distribution Of
the proceeds of the land sales, leaving the
revenue FROM all other sources, for the
current expenditures Of the Government.
Ivoted for the Land Bill; think the dis
trihution it proposes, the best that We in
the new states can ever hope to get, and
believe that unless we get this, We get
nothing else valuable to Us on tina: subject.
Reduction Of price, and graduation, have
been unsuccessfully tried for ten or fifteen
years. ] have heretofore in letters like
this, given my views in this matter, and
entered into calculations, 10 show the
amount which this bill, in five years, would
divide to the State Of Indiana. Such how
ever has been the great increase Of land
sales Of late, and especially within the last
year. that all my calculations have been
|lc!t fas On the hack groued. The receipts
iron the Public Lands duriag the past
yesr exceeded 6fteen osllioos, and there
10 good reason TO believe that during the
present year, they will exceed twenty mill
ions. The DIVIDEND % which, Indiana
would be entitled az the su@ o. hand, the
9Th January lest, .s,agreeably 70 . report
|ofthe Committee on Public Lands. ool7,-
|2l3, aud this 10 little more shaa two-6slhs
ofthe sum which would have been dislrio-
|uted BY Tie bill. This 10 IN my opinion
bester Tor a., than building ships to rot in
Our docks and haSbouss, before We shall ev-
|er find use for them, (or We have q present
more than ase ever employed Mt tho same
tims. Ii 10 oetter too than building uss.
|less fovti6catious, which must be abandon
led 90 great 1easure 10 dilapidafion afies
they arc built; fos unless 10 greatly in
lcrsase our Army, ~ shall not have men
enough to garnsoa them.
Il 70 believed BY many, whose opinions
ere entitled TO great respect, that The ..
mount which would b distri6sted By the
Land Dali, in Eve years, would Be- upwards
of 90, 900 ,OOO. and that the surplus To-
ldistribution BY the other mode, will be
somewhere between thirty and forty mill.
sons. The Land Bill had long been before
the House Il Representatives, heviog pas
sed the Senate. and no action upon il
promising favorable result having been
had, other disPositioas Of the supplies were
proposed.
The proposition to deposite in the State
Treasures. the surplus which shalt be on
hand on the first Of January next, leaving
Eve millions in the Treasury Of the United
States, has oeen adopted BY LANCE major.
ties ofbolh Houses, and received the sane.
ton Of the President. From thirty live to
forty millions will in all probability be
deposited m the Safe Treasures under
that law. BIT the distribution Of tho ssme
sum BY the Land Bill, would have been
Better for the new States by ten per cent,
because by it, they would have received
ten per cent. Of the MONIES received from
the sales, before any general division would
have taken place. y the other bill TO
such advantage is given to tie new states.
This however car be better illustrated BY
figures than in any other way. On the
9Th Of January last. aRrceably to a report
of tho Committee on the Public Lands of
the Senate. there were for distribution as
proposed by the Land Bill, S2O,57l, l25
rs. The dividend Of Indiana out Of this
sum 10 40l7.2l3. aHreeably to the Land