Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-09-23

Sl6,sS3.SS4 33

! naval, SyS<sI ,taO W
Public Debt, aO,ss2 IS
Making an aggregate Of sl6,7S3 ss4 IS
The expenditures required to meet existing ap-
preparations, during the last half oftkc year, will.
as computed, equal the of Si5.OOO,G00; ma
king for the whole year 49,, 733,ssi.
Whatever expenditures shall arise within the
wear upon new appropriations which Congress may
think proper to make, will require correspond
ing addition to the amount But, without them.
it will constitute excess of $50 OF cx-
penditures over both the receipts and the balance
at the commencement Of the wear; besides not
leaving, at the close Of il. any thing in the Mint
of the Treasury for future uses, or 70 meet con-
tin9cncics.
In order, therefore, 70 discharge that excess
and retain, OF the money reserved Oh the lst OF
January, one million, which is the smallest sum
deemed proper, under the acts of Congress. Tor
the efficient operations of the Mint, and at least
three OF four millions more, to answer sudden and
contingent calls, there will probably be necessi-
ty tc resort to the deposites now with tho States.
and TO the instalmcnts destined for them ia Oct,
or to some other resources, for sum equal to
SlO,O00,OOO.
By report Of the Treasury Of the 3Oth ult, it
appears that the balance in the Treasury, inclu-
ding what was in the custody Of banks, the Mint,
and collecting officers, then s. Ia, 500 81 that
the amout of this, subject to immediate draft,
Treasury, including all which had been deposited
with the States and ordered to be, though only a
small part Of the amount is subject to Immediate
draft, was Al ,532 ,3Sl. Deduct all which has
been. and was designed to be, deposited with the
States, and there would be no balance left
hand subject to draft though including every thing
IN the Mint, and in the possession of receivers
and collectors, which is applicable to general pur-
poses.
Hence it is probable, that, besides the dcfcicn-
cy for the expenditures Of the year, no sufficient
means of any kind will exist the first OF Oct.
next, after dcrying the inter vening expenses, to
complete the instamcnt of dcposites then paya
ble unless large part of the bonds for duties post
puued that day, and amounting TO near $ ,OOO,-
600. and the million and half then due the
first bond from the U. s. Bank shall be punctually
paid, or, in the mean time, some provision on this
subject made by Congress
The money standing to the special credit of the
Post Office Department and the Patent Office, as
well as various trusts is not included in the above
exhibit, for explained in the last annual
report. Outstanding and uncxpended appropria-
tons at the end oc the year will, in this view Of
financial condition. be still left charged the
Treasury, amounting to about SIC, 600 600"
The Secretary suggests, without exactly recon-
mcnding, the extension Of the payment Of duty
bonds for further period beyond the LIST Of Oct,
say months from the time they respectively fell
due He states that about one million of dollars
He suggests the expediency Ct Withholding, or
at least postponing, the payment OF the install
mcnt Of the 'ssurplus revenue" which was made
payable to the States on the LIST Of Oct.
In regard to the future custody Of the pubic
money, he takes grounds similar to that recon-
mcnded in the Presidents Message. There arc
at present, only sir dcpostc Banks.
The Secretary invitas the attention OF Con-
gross the adoption Of suitable measures for an
early settlement with the late dcposite Banks =
He states that in nine cases the agreements and
bonds of deposite banks have been handed CIV or to
the Solicitor of the Treasury for suit. he docs
not apprehcnd any ultimate loss to government
He recommends that all payments to Or from the
GOV crnment should still be made IN specie or ats
equivalent. Treasury notes. not bearing interest.
but PAYABLE to bearer in specie, he thinks would
be in man. cases convenient and useful
Tie Right of Instruction, which the Richmond
Enquirer, the Globe, the Argus. &c. &c. consid-
cr or affect to consider as of the essence OF de-
mocracy. is likely to pcrpex the party sadly. 1t
must either be adhered to. or rcnounced-and
either alternative is fraught with the difcuifics
If il be adhered to in spirit, and practically car
ried out, there will be an extensive change Of par
ties.
To begin with the Senate. New Jersey hav
;ny elected all Wing representatives 70 Congress
Nj Wall must either vote with the Wings or re-
sign.
Georgia having voted against Van Buren, Tor
President. her Senators must also go against him
or resign /
Tennessee having swept Van Burcnism all bat
clean out Of the State. Mr.. Grundy must rcnounce
or resign
Indiana having made clean sweep Messers.
r;pto, and Hendriks must follow the lead or re-
sign.
carry out the spirit Of the right Of instruction,
which we take to be that the elected person shall
always exactly represent the will Of his consiitu
cnss, must change sides
In the House Of Representatives, the most !
marked case is that Of the Georgia delegstion al
but one Of whom were elected as Van buren, !
men before the Presidential election. baf NO nov
nav ING ascertained the feeling Of inen o- Il
.bouI 90 with it. and against Van Dufen'sm. :
Then. too. there is Mr. Camhrs'ene-noeor- :
,,,-lx ,ooosed in his political views and opinion:
~ -. Fr.ss mass Of his constituenfs-be viii
~. w. 80 all ne unisrepresent thcm- !,
n. = This r;oht be not carried oct and it. under
60 nrctczt and another, it be insisted that !.
hs e aoc,,;pe does not apply in the cases We have
TOD. Is may be hoped that the people whom these :
,,ou,hine democratic journals have hitherto sue
sesf;,IIv deluded with professions, viii perceive
he cmptiaess and falsebood, both ofthe docfriaes
IL