Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-11
100000
100000
100000

10000 600
Where is this amount 10 come from? Repeal the
impotic distribution law. The difficulties will vanish
and the merchants will get time on their bonds.
To what time will the extensions be made? Ifmade
for year, the dminuton Of revenue will be more
siby felt and something will have be done in anti
cipaton of failure deficiencies That the revenues of
the next year will not be than half enough to
meet even the necessary expenditures for the civil
army and naval lists, no man, who has watched the
course of events, and has read the Presidents Mes
sage can for moment doubt. If The measures ofthe
administration are persisted in and carried through
the congress will have to resort to direct taxation
cut down tho expenses Of the government to specie
standard Does Mr.. Van Buren, suppose that trade
will flourish under his measures If he does he is
greater fool than knave. More of this question in my
next.
Mr.. Woodbury. estimates the bonds lying over at
$400e0o0 by the lst of October. The New York
Committee of the Chamber Of Commerce sets down
for that city the following amounts
In the hands of the District Attorney
to the LIST of August $4,000 900
At CUSTOM House payable in August 7O5, 500
At Custom House payable in Sept l004,727
s3,9lO,227
How does the Secretary get over the amounts due at
Philadelphia, New Orleans Baltimore Boston and
other places 1t would have been more satisfactory
if Mr. Woodbury. had given the exact amounts to the
latest dates in the places above named At all events
i am disposed TO consider the amount due on bonds
already extended up to the first proximo, to be much
greater than the Secretaryhas stated shall be un-
deceived when see the figures
Great noise has constantly been made about the
difficulty of executing the Distribution Law, and Mr.
w. devotes page two of his report to discussion
ofthe subject. Every body of any intelligence well
knows that this unfortunate law has been badly exc
cuted on purpose to cast odium on the Wings, its
foolish erginators Had the administration been &C.
uated by desire TO the country Independent of
party, all would have been we'll As il was, the exc
cutIon Of the law more hurtfu to the prosperity
OF the country than the law itself
The Secretary's ideas of Treasury notes will have
to go through the Congressional MILL before they are
formed into shape. His recommendations are little
better than the crude notions of some boy clerk
scarcely two years his time. do not ascribe them
to the deliberate convictions Of the Secretary. They
are from the locooco school of Postmaster Kendall.
What curious chapter is that upon the safe keep
ing Of the public monies hereafter Independence be
placed upen monies denvable from imposts on foreign
merchandise the Congress need have no further trou-
bic abent providing for the safe keeping of them.
fouwill ask why? The adoption Of the gold and
silver system of duties will totally break up trade and
there will be none to keep But of this interesting
SUBJECT another time.
General Jackson was told, when he employed the
Deposite Banks that ultimate loss would be the con-
sequencef How is it now7 Up to the last week in
August thirteen millions Of the public monies were
IN Their hands Tor which they offer their own depreci-
ated notes And IN the report we have long ESSAY
on the dishonesty of these fiscal agencies from the
very same Secretary, whose culogy of the system is
OF recent date that the ink is scarcely vet drv
Mr. Secretary you will have yet to answer for the
SINS Of your predecessor and those of your own COM
MISSION, before an intelligent public.
Mr.. w. might have spared us the chapter on the
kind Of money receivable at the customs. The con.
sttutiop is not express on this head and while ther
il room left for doubt, politicians dogmas shout,
not be crammed down our throats, nolens rolens
The government has been trying expedionts. Can
not Congress try the expedent OF receiving deprec
ated bank paper for dues1 Will not relieve the pre-
sent pressure, IL its operation be limited in time7 w
shall see.
The Secretary's homily on the causes of the pre-
sent distress was superauous The Presidents ser
mon was quite long enough. Besides, il is too par
nal. Can he not give us discourse on the wa
against the Mercantile interests by the late Govern
ment7' DO, Mr. Secretary.
II There will be great fun at the large meeting 1
be hold IN Tammany Hall. Political agitation s no,
- - II.