Maumee express. [volume] (Maumee City, Ohio) 1837-1838, 1838-05-26
From the ". Y. Express.
THE CONDITION OF THE U. s. TREAS


We command public attention to the expose
Mr.. C. C. Cambieleng makes of the condition
of the Public Treasury. The $10,000,O00 of
Treasury Notes, are nearly used upland
S20, 900 more seemed to be necessary to
meet the exigencies of the Government. The
cry is for more of this irredermabie paper,--
more assignats,--more Banking upon the pro-
misses of the Government. We trust that Con-
gress will not heed the demand. The issuing
Of such paper is than tho recreation of the
National Debt, now the only remedy for the
profuson, profigacy and bad tinanciering ofthe
Federal Government.
Upon looking back only for short time, we
are amazed that any thinking man can yet
cleave to this Administration, except the Office
Holders, who have their pay and their price.
The late Surplus Revenue is now changed for
large National Debt. The Domestic Ex-
changes of the country are in the most horri-
BILE disorder. The Government is in debt to
all employed under it, and has not even the
funds necessary to pay it's imperious expenses.
The Florida War is protracted for years, at the
cost of millions and millions. Whatever this
Government touches, it blasts.
The commerce of the country has been al
most crushed under its absurd and ruinous ex-
periments. The best currency in the world has
been ruined. The banks were forced to a sus-
pension ofspecie payments. Though we have
passed through the worst of its trials, yet we
are far, very far from land. 1t may be that the
necessities Of the government may compel the
re-modelling Of the tariff, for the people will
not long submit to national debt. The labor
ing classes have not found land, nor the farm
ing interest, even if the capitalist has. The
best land, however, the real terra .frma, are
the triumphs of new men, new principles and
new times in all the elections, in the begin
ming of new era, when experiments and ex-
pedient mongers, will cease to have control.
THE TREAsURY.-Mr. Cambreleng presen-
ted in The Houte ofRepre, entatives communi
cation from the Secretary of the Treasury
stating the condition of the Treasury on the
30th ut. by which it itappeals that the amount of
available means was abont $500, 900, being, as
Mr.. C. stated, about 100000 less than the
amount stated in a previous communication
from the Secretary, of the 22d ult. Mr.. C.'s
object in submitting the communication, was
to show the house the urgent necessity of a
speedy action on the financial measure which
and Means. The reduction of the revenue was
owing exclusively to the premature redemption
of the Treasury notes authorised to be issued
under the act Of Oct. last.
The followingis copy Of the communication:
TREASURY DEPARTMENT, April so, 1888.
transmit for the information of the Com
mittee of Ways and Means, the enclosed state
ment, marked A, showing the condition of the
Treasury on this day, as to its available re-
sources.
Iremain, very respectfully,
Your obedient servant,
LEVI WOODBURY.,
Secretary of the Treasury.
The Hon. C. c. CAMBRELENG,
c. C. Ways and Means, House of Reps.
A
Amount Of Treasury Notes issued up to April
2sth, inclusive, per Treasurer's statement
@9,423,959 81
Will probably be issued soth
April, $4,000 90