The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-07-05
IN sENATE-May Is. 1888
Remarks ofur. Criilenden,
= 80 DsH

80 sxgl,saelI ~ - friends. xas iHiendrd
!, ,u,le,rir~ he Treasury DepsnmenI -
$50 t.n mllgians nlTEeasary nnles. -
be ss,,lir.i IN sid II the current fesssi1e.
n aischarss the expenses Of Ihe 6"seFn-
n,s... Af.rr a l,ng eanrse ri bnniiess
.x,,av,ysnre, the Administration has rea-
saeI = psisl a q h.eh the ardinary TeEe-
aae. hare praEFI inadequate Z" me e.
psnd,,ars ii i:aFsEaaeai, aaa sl'r Rep
,eSe.,.,..ss a lhe People are called Dpon
Is a. Prssidenl 10 fBraish exlraaTdiaa-
rr sapplsrs in lhe form II treasury
hssias.
Mr.. c. was mi prepared IN ssy. IS d
had hsea argued ~ sumo that Congress
hal nj The p1rsr 10 sHih"rizs the issue
oi treasury notes. Bat Il vas a poser
90 slseepalhle Of tie most dangerous ..
huse, thai il could srsreriy b. exercised
lno warilys or watched with too much
jsslnasy. -,
Ga: issreraneni is surrounded By mo-
tives AMI temptations 10 exifaFaeanee m
the use Of The pnb'ie money. The very IN
"a Of voting and eTpeadins nsesssaryma
lions bee.ss disregard uf public money.
without taking into arc"nhs The mi'''ia1'
of other causes. hmesI aud dishonest.
that lead To protisal'ly. Against this e.
wi tendency there Is no other safe check
or security but in The People whose IN
terest mast ever be OPposed 10 ~ and ~
the responsibility at their rules 10 them.
but 10 Apply ihs corrective. u y necessa
Nv Iha, the People should kaoW and feel
the existence Of that evil: and the more
sensiLiy and iametls;e'y they are 'aace
,ofsIIi. the certainly sill 'hey redress ~.
Hws.tefulness on The part Of Government
could alwavs be accompanied by an I'M
mediate increase Of the burdens ul People
III exlraEagancs and taxation could 60
together. hand in hand, prn!igsi rulers
would NJ. be long allowed in this country
4, abuse their places. But BY this mode
~ issuing the pForaissnFy naies ct me
Pedpie-eal.eJ Treasury notes.-the Co
Yem:nenl moves softly on. AMI escapes,
a. i. were. from the People. and the pub
lie scrutiny. Is extravaganza may be
increased. and {" FED faI" by the facility
with which il supplies isP'f aHh means.
And while the inrernnentis thus eors
rup,ed, and the couauy run in deh', no
fling !. done u awaken the People t.
their true situation. No new taxation
warns them nj the extravaganza Of their
rulers. and III pressure uTHea them is care
Iu.is avoided, while Government 10 aea.
ping NJ the materials Of a national deb!
In the form of treasury notes. Indeed.
the srst part of this process towards a
national debt is rather nf an agreeable
ard animatlng character u tie r0mGin.
u,Iy. ami pots ont u. sight all oil'er con
srqnencrs. These treasury notes secm
% descend upan them as the mere ena-
na,ions uf a banrfcent Garernment--as
the unplrchased and fruitful showers of
Heaven, tiiaI cone without money and
without price.
But this dcIusinn caannt last always;
and after il comes the end-ihe bitter
sud, when all disguise must cease; when
the People must finl themselves saidlsd
with burdens ,lIry hardly hnew Of. and
when lhe iIx ga,heser must go forth TO
collect from iIiem, in some shape or o.
Their. The money that will be necessary
% discharge The deb, imposed upon them
wiIh an lis accumulated interest.
The primary and proper mode o
supplying the public ireasury was BY
taxation: and when that was inadequate
TO ,hs public necessities, The usual alter
uzilve vas 10 borrow money on the ere
diff The Government. These were III,
preferable modes. because they were ge
Morally The cheapest; because they were
open AMI unJisguised. AMI brcause they
we're understood by the People. ant
W61,i ss certain to excite their jealou:
and visi.es. ATTENTION. There might bt
same occasions and peculiar circuassan
res that would justly. or even Ie9'life
10 10 re.o,; 10 The use Of treasury notes;
but, said NJ. Cri,.enien, am opposed
- the general policy 0f supplying The
treasury by such means. because. In
effect, i. was The most irresponsible
mode, and was calculated insensihly Ia
lead u. on. ani beeuile Us into habits oi
exuatsGaai expenditure. Why. sir,
inuk al q: This course is already ~ iis IN.
infancy, and behald the rate al which II
is growlng! Iis less than eish, months
since the Administration asked US for
ten in'thpns Of Treasury notes: well, SIR.
"e gave ttem shat they asked. and what
is the consequence! In eight months
they cane bach aud demand ten millions
nnre. Sir, is net this rapid growth!
We do not now see wha, this course
may lead to; We cannn, look 10 the emil
al II. GjUernm.ai ere III, ths, precious
thing SO much commended bv the gen,
ilenan from South Carolina (Mr. Cal
houn,) is saeh gem tha! it must not
be allowed 10 he hidden, bat brought
out AMI So! on high, where ii may daily