The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-12-17

- @@MAN @AatA@ 60 @aANG rs Me1l
4 ahjsrlnoHs u ns'ia8ai debI. Ihe esfIsil
q lsRJshsy si public securities 10 eoncep
IrsIs Hlligasrly in The Golfers Of lareiel
q .iackhaldsns. is one which Is evsrysds,
r gathering strength. Already hass IN
. rrsn1srss ni many Il The states. and N,
; future iaassarFInf llseir citizens. been in
dranilrly marseaged 70 lhe s1lieeu q
ihe EHrapeaa 6ayernmsals. 20 The
mount NJ twelve millions snnusllv. Il
paw she constantly acersing inIsrss, OF
oTfased m"ney-a sun exceeding hal
Tie ordinary Tsrsaue al the Whsle Uni
ted States. The prrlexi which this 70
l-iinn asirds % iareign.rs 20 serulinsz.
he mana semenl ri our domestic alfairs
u n'i setn iii % lnirrmed,lls with them,
nEr-rn's q suhj~rt fnr earnest attention,
nai 10 saT nf senaas alarm. F.IrsuHsle.
y. the Federal GasrFnmsni. With the ex.
lrrP'Ioa ri sa "hligslian entered into 10
bshsif al Tho DistrirI ol coluhbis. which
must s"on be discharged, 10 Hholly ex-
rmPI from any ssrh embarsssmeni. II
% also. as Is belised, the only Govern
mrni which. hsyiae fully and faithfully
paid all iss crrdilors. has also relieved il.
self enlirely from debt. To msiaiain o
disiinclioa 50 desirable. aud sa honor
bic % our naliouL character. should be
an abjrrI of earnest salicilude. Never
should free people. if IL be possible 10
as.id o, rxi,ose themselves To the neees-
s',y 81 having 20 treat nf the peace, The
h"nar.:ar III safety af The Republic. With
The Gnernments of foreign ersdllors.
who. however well tispossd they may
Dc 10 caln'aIs sinh ~ in general frierdly
relations. are nevertheless. by The Lac
OIL their own condition. made hostile %
The sneers. aad The permsnency Of po
liiiesl Inscriptions like ours. Mosi humi
Iaiins may be- the embarrassmsnis con.
seqnsai upon such condition. Another
obi ciion. scarcely less formidable. 10 The
commencement Of nr~ debt. is iis in.
e'i'ahle tendency to increase in uasni.
lude. and 20 foster national pxiravagsnce.
Tie has heen IN unprofiabls observer Of
tsenis who nesds Al lh,, DAY 10 BE- adj
munIshrd II The difficulties wh:eh q Co
'ernmen'. hsbitu.lIy dependent on loans
10 sustain iis ordinary expenditures. Ia. |
10 encounter ia resisting. the influences
ennsian'ly exerleJ in favor Of additional
loan; by CAPITALISTS, Who enrich them |
selves by Government securities for a.
m"uni' much exceeding the money they
actually sdssGrs--a prolific source Of IN. |
divIduil sgsfandIzemeni ia al bJrro alag /,
countries: By slackhold-r.. Who seek |
lheir gains IN the rise and fail of public
stacks; and by The srl6.h opportunities
o. applicants inr appropriations fT works
a'"ardly Tor the ~cengIpodsiinn Of The
public. but the real ohjec,s Of winch are,
ID" frequently. the adj sncemeni 0i pri.
'sie interests. The known necessity
Yea TO Impose taxes Tor lee payment OF I
The inierrs. on TIER debts. furnishes an
sddiI nal aud very cogrni reason why
HE Federal Government stuslL refrain
rom creaii"g a National debt. by which
he pr"gle would be exposed 10 double
"x'.ion Ior s'm,lar ohjscL We po..
less within ourselves ample resources Tot
'sery emergency; aud We may be Quite
'ufe hsi our ciiIzens. ID no future Ell
seney' VIII be unwilling 10 supply The
government With all the means asked
Tor HE defence oI the Country. In time
d peace there can, 81 all events, be no
for ti- creation III q perma.
lieut. deb. BY the Federal Gorerumrn,.-I
LIS hunted range uf Constitutional du,ie,
nay eer'aInIy. under such Circumstances,
De performed without such resort. IL
las, % Is seen. bren avoided during four
ears oil errsleT 6-csi difficulties th,n ,
ave existed III = sini!.r period since The /
coPII"n Of The cons,i,uuun, AMI oae al. .
y iemskable fnr the occurrence Of ezra.
'rjlnary causes OF expenditures. A
bui 10 accomplish 81 drsirsble an oh ,
ec'' '"o things are indispensable: first. Z
o." The ac'Ion Of the Federal Gusrrn. |
heni be Kept within the boundaries pre-. I
cnbed bJ lis founders: and. secondly, I
IIa' all appropriations fnr object. admit. /
I'd To be constitutional. aud The expen,ll. q
are 1t them also. be subjrrtrd to = RAN =
ard OF ngri but well-con.idersd and q
'a's'eAl economy. The first depend. G
h'eiiy "n the pe"pIe themselves. The OPT q
Ions they form Of The true construction c
! the institution. and the eunfidrncs ,
hey reP"se ~ The pnlhIcal seniimtn,s Of y
hose they select a. their representative. 10 !
&c Frderal Legislature; the second rests G
p ~ The q iriuy with which lher more
nne,iIt,e representatives and other pub G
C tunclI"nsr'e., discharge The uus,s cnD
l'lied 10 ihem. The duty uf ec,nomz z 4
V the exilrnses "f The public service Is q
Omitted on all hmds; yet lIlris ere few I
Iblec.s upon which there cyIsts a wid,r
Ihsrence Of oIinion Khan 10 constantly q
'snlies,rd ~ regard to The fidelity with i
hIch that duty Is discharged. Neither n
Iversi'y 0i sentiment. nor even Dutua d
ua"n 4 point in respect =
whch tne public mInd is so Justly d