Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-09-20

The TREASURY REPORT. We have
thought it our business to lay before
our readers, as early as practicable,
the Report Of the Secretary of the
Treasury Of Congress.
This Report, it will be seen, travels
over nearly the same ground as the
Message, corresponds with almost ev.
cry statement and sentiment of tina,
Message, and arrives at the same gene.
raj conclusions.
A perusal of this Report has, how
ever, led us directly to some conclu.
sions which appear to have escaped
the honorable Secretary, though they
lay so directly in his way that one
would have supposed he could hardly
miss them
The first is founded on the startling
fact, for the first time officially disclo.
sed to the People, that, with twelve or
fifteen millions of dollars in the Trea.
sury, exclusive of that which is deposi.
ted with the States, the Secretary OF
the Treasury, after having in vain en-.
deavored to obtain supply Of ready
money by further sales Of lands, is un.
der the necessity of calling upon Con.
gress for "some collateral aid" "till
a sufficiency can be collected" to meet
the ordinary expenses Of the Govern
ment. From this fact, we come at
once to the conclusion that the predic-
ton by the Wing statesmen and pres
ses Of the consequences which must in
evitably follow from striking down the
admirable system Of administration of
the finances, under which the country
had thriven and hourished from 1901
to 1910, and from 1917 TO 1888, are
now realized to their full extent in re.
gard to the finances of the Govern
ment, as they have long ago been re.
allied in regard TO the finances ofthe
People. This is our first conclusion.
Our second is, that there is no way
but one by which those who admins.
ter the Government can in any consd-
cradle degree repair the wrong they
have done and that is, by retracing
their steps, and doing it at once
They have driven the car of State into
a morass, in which by every convul-
sive effort to drag it out they plunge it
only deeper and deeper. There is
neither road nor solid ground in the
direction in which they are pressing
on. Before them, and on all sides Of
them, is wilderness Of quicksands,
vast as the Serbonian bog OF old,
"where armies whole have sunk. -
There is no safety nor any hope for
them but in retreat. The only path
by which they can retreat is that by
which they advanced to where they
are, and, returning upon that, they
will arrive at the point from which
they started, and may set out again in
the safe road which, in the intoxication
and vanity Of power, they wilfully de-
parted from. This is our second con.
clusion.
The course which we recommend is
so obviously the dictate of common
sense, that even dumb beast, placed
in the predicament of the Administra.
ton, would, through the mere force of
instinct, undoubtedly follow it. And
it really moves ones compassion to
see the infnity of labor and ingenuity
which those who hold the reins are ex-
erting to keep the machine of State
from being foundered altogether, rath-
e. than resort to the obvious means of
righting and saving it. This perseve.
rance in preposterous experiments, to
try how much quackery, in addition to
actual suffering, the People can bear,
is madness itself, or it is worse.--Nat.
Int.