Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-07-06

lie, and unanimously approved by the people up
TO the advent Of Gen. Jackson -nnd approved by
him too, we viii do him the justice to shy, until
he was entongled in the disorganilng aud destruc
tive counsels of Mr. Calhoun on the one hand,
and subsequently Of MIR. Fan Buren, oil the other
NC say, under the good old fashioned policy, the
expenses were graduated by the necessities of the
government aad the interests Of the people; rev.
enue was raised by TINT Tariff which Mt once pro-.
lccted the industry Of the country and sustained
its credit and sufficient raised to pay the
current expenses of the government, and leave
annually surplus to he applied to the National
debt. BY this means, the last 1olInr of that i'm
menso debt was pnd in 1885, and Gen. Jackson
congratulated the country on the happy event
But look Mt this report; this document, sent out
~ beg the continuance of the long-suffering and
forheurancc of the American people: there the
nct stands out to the view Of every render, that
on the very first year Of MIR. Van Burens admin
strnlion, there WINS neic national debt Aye, the
consequences ofthc revolutionary aud anti-Amor
lean process, set on foot, in 1929, are hera and
thus developed Mr. Van Buren, came in with II
SURPLUS of S6,670,000 i'll the TREASURY he with
held from the states the fourth insialmcnt Of the
surplus 1896, 900; he Eeceived n '35 md 30,
on merchants bonds Which had -6sen postponed
from 1885 and 80, the sum If s7000000,
and S6,000,000 more from ils bank Of the Uni
ted Sntos-ainounting in MI 10 500 900; in
addition to this, he has had all the accruing rev.
cnue; and yet the expenditures haze odrun all
this, and in three years we find PUBLIC DEBT
incurred, amounting to Sl6774,l42 23! Can
there he more conclusive proof OF mai admins
tmtiou! WHY, we ask, could there he such mn
immense elimination of the revenue, and the gov
eminent not to he blamed? How cou'd they
neglect to restrict the expenses within the current
receipts; how run mp II large public debt in time
of pence. aud with protesiations OF economy, re-.
,rcuchmcnt and reform yet hanging from their
lying lips-and yet dare coolly TO insult the ;,eo-
pie, by holding up the payment Of ibis public debt
to be credited in their account along with the pay
menis Of Monroe, Adams and Jackson, for the
debt of the wars Of Independence? II is bold
ness unparallellcd; it is an insult to the intelli-
gcnce of the American people. Let it he under
STOOL that every dollar OF This debit Of nearly sew
cnteen millions, was incurrcdby his nimniSird
tion--ihat i, went to pny their expcnditurcs-anC
f~biNONjNNO
current receipts into the treasury, they obi
ged TO incur this additional debt OF more than six.
teen millions, by the issue of tredsu y notes e.
government paper money This is the simple truth
But this sum is reported as paid and here is AL
imposition upon the people. II is not paid, strict.
ly speaking. To illustrate the mattcr: owe
the papermakcr $1,000, which must he paid nj
specified dates. To pay him, we borrow from ON
ueghbors, 4, b, and &, different sums, and thus
meet this debt. In this manner we pay the pnpci
maker; he has his money, bnt zoe hare merely chan
ged our debt from the paper-naker 10 our neigh
bors This is the fact with the government: =
they have redeemed their IL millions of reasur,
notes, credited in the above table tn the publ,
debts but they '.rnised tie windf irwhoIe or il
part, by issuing other treasury notes, for which
they ut this moment indebted. 1t is thus tina
the people are imposed upon "by authority =
yea, by their servants But let admit that this
item is tn be set down a bona ide payment OF
the nrw public debt: how stands the account
compared with the three years Of j. Q. Adams
All !-he-the extravagnnt old fell ow paid S33,
20s,lsS IS OH the old war debt, by keeping ih'
expenditures ,cithn the revenue willie our econ.
omizng President, OF this golden age, has incur
red a debt of about half that sum, liy running he
yond the revenue, and paid it by borrowing Blu
how stands the table of extraordinary expendi
lures? Thus in the aggregate, for three years, N
the following table SHOWS:
Three yenrs of Mr.. Van Buren, $566li0l3 6.
Adams l6737,0l0 8
Balance against Van Buren, $s40,077,003
But do the friends Of the administration say
'look at the objects of expenditure deduct tn
trust tiiuds,' &c. &C. All! The same objects O
expenditure, trus, funds aud indenniiies, existed
in the time Of Adams; and then you would no
listen to such things. Oh, no it was the aggre
gate, the enormously erirarGgant expenditure o
thirteen millions a year. clicieh your denun
CATIONS then. You put down that administration
for such expenditures, and you promised that yo,
would retrencl both aggregate and mems. 1t il
becomes you, then, to demand amy deductions OF
this score aud should we insist upon holding
you TO The aggregate, without explanation or re-
ductiou, it would he but insisting upon tie sam
sort of justice which you yourselves showed il
1928 We will he just ms yon would not he; aye
generous. Let us proceed, them to deduct NIL TN
excess of Mr.. Van Burens three years MI
Adams, for trust funds, inernnities, claims q
states for war debts three per rent on lands sold
two per cent OH account OF Cumberland road
taking The ce,IsuS, duties refunded and pensions
IN all amounting TO sI3,GI7,9sI CD. These item
are marked with a I in the nLove table. The extra
ORDINANCES in Mr., Van Bureaus three years amour
ted To S56,sl4,0I3
Deduct above named l36Is,03l G.
4 nnui,n sAl IGS nRl O.