The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-09-15
Fron ris s.,iousl Inl.Il,ssseer.
THE TRE .srRy REPORT

80 1@tN tAoestt u Alt BUSINESS % AaN
before our readers, - early - brselics-
BE, The Report Of ths Secretary Of The
Treasury 10 Congress.
This Report. II will be seen, travels
over nearly lhe same ground - the Aes-
sage. corresponds with almosi eFery
sislemsnl sud sentiment Of that Message.
and srrisrs u The same general eohcIu-
sioas.
Aperhsal Of this Report has. however,
led ~ directly 20 some conclusions which
appear TO nare escaped The honorah.e Sc
ersiary. though thes lay 50 directly IN
has way that one would have supposed
he could hardly miss them.
The first IL founded on The startling
FACT, for Ais fret time officially disclosed
% the People, that. with Twelve or fifieea
millions nf dollars IN The Treasury. ex-
elusive II liiai which is deposited with
ihesSiaies, the Secretary Of the Treasury,
after having IN vain endessorsd 10 obtain
a supply Of ready money BY further sales
OF lands. i under the nrcessiIy Of calling
upon Congress for " some collateral aid"
" I'LL suficieney can be col.-ried'' TO
meet The ordinary expenses Of he Go-
vernmeni. From this fact. We camr al
once 10 the conclusion that the PREDICTION
by the Wing statesmen and presses # The
consequences which must ineyIiahi, Enl-
low from striking down The admirable
system Ut administration III the 6aarees,
under which The country had driven aud
fcnFlsned fr"m 1871 TO 1910, aud from
1877 20 1888, are now realized TO their
full extent IN regard TO The finances Of The
Government, as they have long ago been
realized in regard TO the finances OF The
pie. This is our first conclusion.
Our second conclusion is. lhs, there is
no way but Que by which those who adj
minister the Government can IN any con-
siderable degree repair the wrongs they
have done; and that is, by relrscing their
steps. and doing il al once. They have
driven the car of state into a morass, in
which by every conyulsise effort TO drag
IL on, they plunge il emily deeper and deep
er. There 10 neither road nor solid
ground in the direction in which they are
pressing on. Before them, aud on all
SIDES Of them, is a wilderness of quick
sands, 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, aud, return
ing upon that, they will arrive al the
point from which they started, and may
set out again in the sale road which, 10
the inIoxlcaiion and vanity of power,
they wllfully departed from. This is our
second conclusion.
The course which we recommend is
So obviously The dirtate ofcOmmon sense,
that even dumb beast, placed in the
predicament Of the Administration, would,
through the mere force Of instinct. I'M
doubleday follow il. And il really moves
ones compassion to see the infnIty of
labor and ingenuity which those who
hold the relns are exertIng 20 keep the
machine of Stale FROM beng foundered
altogether, rather Than resort to The obvi.
Gus means Of rlghling aud saving it,
This perseverance ~ preposlerUus expe-
riments, to try how much quackery. in
addition TO actual suffering, the People
can bear, is madness itself, or it Is worse.
This is our third conclusion. We
have some others, which perhaps We may
have time 10 commit to paper hereafter.