The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-07-05

AluAul O. AllNer - 4zA@S7s -
permanent Ferenue amoUEss 20 about
aweniy millions ol daliars annraiiy. and.
in ai5iliun 10 this. Congress. within he
ilass eight months. has granted 10 The Ad-
minislrsIian ten millions ii Ireasnry NOTES,
snd he loualh ihsialmeni IL Ire moneys
that we're 10 hare been deposited with
the states. heing upwards 81 nine millions
more: making together, nf extraordinary
supply. > sum exceeding nineteen MIL
lions Of dallaFs; subject. h0ssEer. 10 =
credit or deduction II about seven nil
lisns. the amount 0f treasury nnies Ie-
deemed. sni II drhi fFom the hanks past
poned To periods Of Paymen; hsyoai tie
present rear. This deduction made,
leaves slia clear balance Of twelve nil
lions az extraordinary snPPly. Add be-
sides al this. we have lately passed bill
through the Senate. auihNuzing the sale
If tic boads giEen 10 Ihe Government by
the Bank al the Uni:sd States. amounting
10 sbnui four ard half Rilh0ns Of dol
lars. Thus. Mr.. President. You see that.
besides granting all The money have. and
issuing ous notes for ten millions more.
I al our llllls ehnssS and rhs;,iss are Ia be
gathered MP and sent 10 market foT sale.
10 supply this Administration. iri.
With ell this. IL seems. there is a crisis
the treasury is in an sgue lii-ihe Go-
rerHment il struck with PaFalysis--ii can
NOT move a foot unless you put put your
hands under rs arms saj help II for
ward.
lu, we are told /, 10 The consequence
Of the compassion Of the Administration
in helping the nnor merchants. ion
d, !erred the payment Of the duty bonds
Wen, sir. you did defer il: bui YOU did
not remit il. Tie bonds are 10 be paid;
and they are coming in from day To day.
You have got that money, nr are getting
il daily. Yet there is crisis. Where i
the esiJenrg! ask fnr prnof. Sua?n-
sing il we're possible | could be induced
TO vote Eur This bill. Where is the evidence
that such a crisis does exist. Why. the
President las toll as il:ai the treasury Is
almost exhausted; and the chairman here
graFe!y assures Us the Government mus,
stop. Well. sir. il may be SO; but II
seems 10 me this is rather indefinite
gfound on which 10 vote ten millions OF
the public funds. For what is this nancy
needrdl Are we not to ask! Must We
lay our hand upaa our mouths, and put
onr mouths in the dust, and vote the
money! Is i,tl be enough for rs to hear
from The Executive HAT 4" the money IL
wanied!" Should there not have been
snme estimate submitted n uss l. the
amsunl 81 irang 'hsI VIC must vote and
ask no questions! Must we give them
80 vas, sum lor an unknown exlgeney.
Is this doing our duty! Why. sir. ii we
are 10 vote Nancy On no better grounds
than this. We had better, al 0are. place
al our nancy concerns. by summary
vote, in the han!s Of the Executive. A
voice comes from the treasury. " we
must have ten millions" Why! There
il a crisis" What fnr. "Thsre is
crisis" Well. SIR, ;f This is all the an
swer. and all the esidenre thai is requir-
cd--if they can make up q crisis with
such materials. slI have u say is. that
the people had better look TO their peck
eta.
| Sir. desire 10 see il'is experimenting
Administration forced To make some ex
perimcnls in economy. |, is almost tie
only sort Of experiment, to which they
seem TO be avcrse. And, indeed, they can
hardly he expected to attempt it without
some compul.iun, sfipT they have been
so long INDUCED in all the - pride, pomr.
aud circumstance" Of ambition and nf
power. Economy is generally iouked
upon as q guest too plain aud hOIEe!y fnr
a palace. IL has. | fear. been turned ou'
of the Finite House: Az! HE Adminis,.a-
lion, with its habits Of ex,ravagsnce and
magniicenre. cannot, without difficulty.
be brought 10 think Of reform and re-.
frsneiment." Their cry is sui Tor mo.
neg. money. money. Bat. for one, sar
to them, Take pIrysic Pomp,"
laugh: lay aside yurr extravaganza.
Tgo much mnnev has been your bane.
Aud | Gp ~. freI III, sell required by a.
ny day 10 grant you more al present.
! II d:l, il should not be in the form pro-
/ posed by this bill.
Cnnrurring with the honorable Sena-
;nr from South Carolina MIR. Calhoun
in his "mnrial Aversion" 10 national
d"b,, ! am not willing TO encourages this
/ Government panrr money scheme: be-
cause. amunr other evil consequences.
i's tendency and lending is to national
debt. These treasury nn'es are the seeds
"f national DEBT, To say tie least Of IL.
j II the GovernmeH. wants money. let il
borrow il. II ex'ravaganee or necessity
shall bring national debt upon us. lie; ii
came Openly. end in the most palpable
and unqnestjonable form, and no, steal
upon ia the Disguise Of treasury notes.
when i, comes upon ~ in the usual and
! uuIts r,,;oei nm l. M hnrrowipy Y,tn.ray