The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1836-06-29
From the Warrington Globe.
movements.

,'N A'SSh" u hc ihost hupoitdhs iSot
IN this act is that which makes the seve
States the repositories of all The public md
eys which may be in the Treasury on
first of January next, over the sum Of q
millions of dollars, on their passing Law
pledging the faith of the States respective
to pay the warrants of the Treasury in
manner prescribed. BY an amendment
troduced by an overwhelming majority
the House of Representatives, all the fe
lures OF the bill which went to make I
proposed transfer of the money to the Stat
loan or gift, were struck out, and as I
act now stands, they are TO he mere depos
tories, like the banks in which the pub
moneys are NOW kept. .-..
We hazard nothing in saying, that h.
the bill passed as il went from the Senat
as anxious as the President was to see
public deposites regulated by law, and
painful as il would have been to se9ara
on any subject from many Of his most W
ued friends, it would have received his dec
sive veto.
We have been surprized that any one W
has read his annual message eff 1929, al
his veto messages on the Maysville TO
bill, and Mr.. Clay's land bill, would for
moment anticipate any other result.
We are equally warranted in saying II
the President has approved the amend |
bill, not because he thinks it judicious
make the States. the repositories Of
moneys of the United States, but becau
the plan is not obnoxious to constitution
objections because it has been present
by a majority ofthe peoples representati'
to whom the question of expediency on Il
subject peculiarly belongs; and becau
by settling the question in relation to
public deposites, it disarms faction,
renders it more difficult for the money poj
er TO reorganize itself under the charter o
new national bank.
He thinks it impolilic and Unsafe to n
Up the affairs of the United States W |
those of the several States, and that
chances of perpetuity for our admiral s.
TEN of Government are increasd in prop
ton the clearness with which the lir
which separate ther several powers, dut
and interests, are defined and maintain
1t is probable he will take some fitting
casion to make known to his coubtryme
in detail, the views Ire entertains on this
tai subject. 1t is only necessary now Il
they should know, that in approving the
posite bill he does not intend to countenan(
in the least degree, the idea of raising me
ey by the General Government for distri6
ton among the States, thus Iessening
responsibility of the State Governments
taxing the people, and at the same time
couraging extravagant expenditures ma
ing the States, instead of indepent sovd
eighties, the mere stipendiaries of the &c
eral Government perverting the power
taxation given in the constitution to pu
poses never thought of by its trainers; CO
rupting the sources of legislation tendi
to consolidation and ultimately destroyi
all that is pure and valuable in the structr
and administration of our political system
The President believes that it is bad py
icy, as well as unconstitutional, to ra
money from the people for the purpose
distributing it among the States. He /
lieves that when the revenues of the Gene
al Government shall produce more tn
enough to supply its legitimate wants, il
the duty of Congress forthwith to redu
the taxes upon the people. To collect !
the purposes of distribution, is neither pc
tic nor economical. 1t is not polite,
cause it necessarily increases the corps
public officers, and consequently the inf
ence of the Government. 1t is not econo
ical, because the people have to pay
salaries of those who manage the proct
and guarantee their integrity. Is it not b<
ter that the farmer's dollar should be left '
his own pocket, than that it should be tax
out by taxes, direct or indirect, and, afteI
wears detention, be handed back to him
to his State Legislature, with deducti
of twenty cents to pay collectors and cler
who have been employed to take it aw
and bring it backi The same princip
( apply to al classes Of society and to socit
itself, with the exception Of those only W
profit by taxes.
Such, we are warranted in saying,