The North-Carolina standard., 1838-09-05

more comfortable by the popular will, con-
stituting part of the Government, both are to
be dreaded and rejected alike by those who
would preserve the simplicity and purity of
our institutions But as we do not know Of
any advocates, in the Republican party, Of
Treasury Bank, though such scheme is most
unjustly imputed to them, we deem 1t unneces-
sary to multiply arguments against it.
The cheapness of our system of Govern
ment, compared with the monarchical systems
of the old world, has been one of its chief re-
commentators to the favor of mankind
This is one of its characteristics, which every
Republican will strive to maintain. Injudlcl-
Gus legislation, and the spirit of speculation III
merchandise and public lands, had, within a
few ofthe last years, brought into the Treasury
a redundancy ofrevenue. AS natural con-
sequence, this influx has been follower by
loose and extravagant appropriations by Con-
gress, and an increased expenditure. 1t is
an inevitable law of our system of Govern
ment, and perhaps of every other, that If
| it collects much, it must eXpend much.
1t could not be safely tolerated. if it were prac-
ticable, that the Government should collect
hundreds of millions from the people, to be
retained by it in the shape of money or
property. 1t must always expend what it
collects The only effective remedy, there
FORE for an extravagant expenditure is to re-
duce the supply, For the accomplishment
of this great object, the country must look to
those who strive to reduce the receipts of the
Government to its absolute wants to prevent
extravaganza, by arithholding the means !; to
preserve the purity of the public agents, by
keeping them out of temptation; to enforce
economy, by making it impossible for the
Government not to be economical.
1t is in vain to oppose little appropriations
of money, when there are millions of surplus
in the Treasury. Ifthere be asurplus it will
be expended, and to be expended it must
be appropriated. Keep the money out of the
Treasury, and leave it in the pockets of the
people, it's rightful owners; nlultitudes of pro
iects for expending it would then never be
Thought of, and others would never be pres
sed
While, therefore, we deem it the duty ot
every Republican to oppose unnecessary ap-
propriations and expenditures, we look to g
proper regulation of duties and taxes, to be
levied and collected from the people, as the
only efectiue remedy and preve71tire OF pub
lie extravaganza. Duties on imported mer
chandise, though paid in the first instance by
the merchants, come finally out of the pock
cts of the people, as much as if they were ;
direct tax laid on lands and personal proper
ty. We hold that it is the duty of Congress:
r to ascertain, as nearly as practicable, what al
economical administration OF the Govornmen
ought to cost; to graduate the duties or taxes
! in such manner as not to produce surplus
bevond that sum, and to vary them in confor
nifty with that principle, as the changing CIR
cumstances of the country may require, W.
+l1o SI7t
fers to exist, system of revenue which col
, lects from people more money than tn
, public service, economically managed, neces
sarily requires, they pervert the Governmen
from its true object, violate their duty to thel
constituents, and commit upon them the sam
t wrong which monarchs perpetrate upon thel
: subjects, when they seize on their money o
t goods to support unnecessary wars, or minis
f ter to their pleasures their tastes, or their pas
: sions., ~
At present, we have no surplus IN the Treas
, urv, and the receipts of the Government ar
scarcely equal to its necessary expenditures
s 1t is our earnest desire and determination, a
far as our opinions and appropriate acts can g
vail, to cut off the possibility of any surplu
: hereafter; not by extending the expenditure
= but by lessening the receipts, And wheneve
the expenditures can be lessened, also, withou
+ palpabIe injury to the public service, we al
a in favor of diminishing them, and the receipt
h in an equal degree; making our Governmer
s as cheap to the people as possible, and as pow
@ eress for mischief as it shall be cheap III II
e administration.
a. We rejoice to see that many Of the receI
J. great causes of taxation are fast disappearing
: The public debt is now fully paid, and tn
d people are entirely relieved from that burdel
The extinguishment of the Indian titles I
; lands within the States and Territories; tt
= removal of the Indians to the west of the Mi
l. sissppi; and the Indian wars, III which tf
J. United States have been recently engage
f have necessarily produced a great expend
,e ture of the public treasure. These will, 1
n doubt shortly be brought to close; and tn
l. heavy drain upon the Treasury of the Unite
h States, of course, cease-and many other eau
Of es of expenditures are rapidly terminating.
re One of the strongest temptations for the &C
d, lection of large revenues and the contlnuan
le of which is most to be guarded against, wou
u. be the deposite Of the public money in tt
Id banks,
of If deposited in banks nominally for Sal
IA keepinp, but really to be lent out to their Gu