South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1837-03-18

and to purchase support. mus, o.AN
sf;utional measure was intended TO be upheld
bv another. ard the abuse Of the power oftax-
zion was TO be maintained by usurping the
noyyar of expending the money in internal
improvements. You cannot have forgotten
fine severe anddoubtful struggle through winch
we passed, when the Executive department.
of the Government, by its veto, endeavoFea
to arrest this prodigal scheme ofinjustice, and
10 bring back the legislation of Congress to
the boundaries prescribed by the constitution.
The good sense and practical Judgment OF the
people when the subject was bro't before them,
sustained the conrse of the Executive ana
this plan of unconstitutional expenditure lor
the purposes Of corrupt influence, Is, trust,
finally overthrown.
The result of this decision has been felt in
the rapid extinguishInent of the public debt,
and the large accumulation of sarplus IN the
treasury. notwithstanding the tariff was redu-
ced, and is now very far below the amount O.
rieinally contemplated by its advocates. But,
rely upon it, the design 20 collect an exuava-
CANT revenue, and to burden you with taxes
beyond the economical wants Of the Govern
ment, is not yet abandoned. The various IN
terests which have combined together to I'M
pose heavy tariff, and to produce an over
flowing treasury, are too strong, and nave TOO
much at stake to surrender the contest. Inc
engaged in large manufacturing establish
ments, desire high tariff to increase their
gains. Designing politicians will support IT,
to conciliate their favor, and to obtain the
means of profilse expenditure, for the purpose
of purchasing influence in other quarters; and
since the people have decided that the Fed
eral Government cannot be permitted to en-
ploy its income in internal improvements, et-
forts will be made to seduce and mislead the
citizens of the several States, by holding out
to them the deceitful prospect Of benefits to be
derived from surplus revenue collected BY
the General Government, and annually divid-
ed among the States. And if, encouraged by
these fallacious hopes, the States should dis
regard the principles of economy which ought
to characterize every republican Government,
and should indulge in lavish expenditures ex-
ceeding their resources, they will, before long,
find themselves oppressed with debts which
they are unable to pay, and the temptation
will become irresistible to support high ia
riff, in order to obtain a surplus for distribu-
ton. Do not allow yourselves, my fellow ci-
tizens, to be misled ON this subject. The
Federal Government cannot collect surplus
for such purposes, without violating the prin-
ciples of the constitution, and assuming pow
ers which have not been granted. 1t is.
moreover, a system of injustice, and, if per-
sisted in, will inevitably lead to corruption.
and must end in ruin. The surplus revenue
will be drawn from the pockets Of the people,
from the farmer, the mechanic, and the labor
ing classes OF society; and who will receive
it when distributed among the States, where
it is to be disposed of by leading State politi-
clans who have friends to favor, and political
J,artisans 10 gratify? 1t will certainly not be
returned to those who paid it, and who have
most need oft, and are honestly entitled to It..
rbara buf e., ryila md N ie to
1E;.,,t;o,, and fits income is found to ex-
S ,l,ase ,uante it should be forthwith redo-
oad and the burdens OF the people SO lar iiSSa'-
ened. h;-, have IA
-, Hoo between different interests III tls
I I'M States, and the policy pursued since
~, adontion of our present form OF govern
Mont we find nothing that has produced sucn
deen,seated evil as the course ofiegisia:.io.,; ~
relation to the currency. i ne Gohsutu. iae
Of the United States unquestionanly lntenue.
to secure to the people elrcuia9ng ineuit u
of gold and silver. But the esta .i, .h
" p,t;onal bank by Congress, with the PRIV
lore Of issuing paper money receiVapie IN li'
Cement of the public dues, and the unlortu
Paia course of legislation in the several o.a.e
,,,,o, The same subject drove from general GU
oip,,,t;on the constitutional currencyj ana SUP
stituted one ofpaper in its place.
! 7, was not easy for men engaged IN the OF
! a;raru nursuits Of business, whose attenuo
h.d III been particularly drawn to the sur
;act IN foresec all the consequences OF GU,
> yencv exclusively Of paper and we 0u9i
# NOT, on that account 10 be surprised al the i
r c;litv with which laws We're Obtained 70 Ca
# nv into effect the paper systein.-!1olie'.i a.
r even enlightened men, are sone,iihcs MS
~ hv tbe specious and plausible statements
u py " 49,. R,t exnsriencc has now pro
y Cd the mischiefs and dangers OF a paper Gu
70 rsncv. and Il rests with you to determine WI
y ther The proper remedy shall be applied. !,
80 NJ The naner system being founded on pub
- onG,lepce, and having Of itself no intrin
,st volne. II is liable to great and sudden hnctt
~ tions: thereby rendering property lnsecu
hi and the wages of labor unsteady and uhc
,s- tain. The corporations winch creaIe uie
on Der money cannot be relied upon 10 keep
w. Circulating medium uniform IN amount;
SO times of prosperity, when conhafhse IS ~
a., hv he inf,uencc of those who hope to pr
~ y, by # 10 extend their issues Of paper hey
10 Ia hounds of discretion and the reasons
nfl demands of business, And when these ISIS
es- have been pushed on, from day to day, U
Nv mblic confidence is at length shaken, the
i'm; I'M reartion takes place, and they immedia
,ess withdraw the credits they have given;
axe denly curtail their issues; and produce an
4 to cxoscted and ruinous contraction OF the
rus, cutating medium, which is felt by the W
,ore community. The banks. by this means,
|, an themselves, and the mischievous conseq
lust ces of their imprudence or cupidity, are "
that upon the public. Nor does the evil s'op
cunt These GIBBS ana noWs III 'lic 10 -, =,
hen, these lndiscreet extensions " ;,'.s;o
noe. the habits and character of the people
re- have already seen its effects in the wild
stify of speculation IN the puDnc iailds' anu y,
Y the kinds OF stock, WHICH, "ltl1is, t.:e iasts'
oney two, seized upon soch nsuitiluue ~ VI a, ~
e le- zefss, and threatened 10 peTVaoe ali tiss
society, and to Withdraw their attention
YOU the sober pursuits of honest industry
ri to not by encouraging this spirit that we
,yond best preserve pIblic virtue and promo
apose true interests of our country But II