The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-12-24

~eus Ut@n itg> l1iieiy mOItgagel 10 tue sub
jecis Of European Governments to the
amount If twelve millions Annually 10 pay
the constantly accrUiug il,eics, Oh borrow.
81 GJ"tf---a sgm exceeding bali tie or.
binary revenues oi the Vuole Uuited States.
The prolext which tins relation uGoras 10
Foreigners &c scyJ.iaiZs tie management Gl
our domestic affairs, if not actually 10 in.
iermedd,e with them, presents a subject for
earnest aileuton, cot to say Of serious
alarm. Fortunately tie Federal GoYeTD.
meoip with tie exception Of IN obligation
entered INTO in behalf Of lie D.s,ric; Of Co.
IumJia, which must soon be discharged, is
wholly exempt from any sDch emtarIass.
meGn II Is also, as is ye.!eYed, lbe cuiy
Government which, having fully AID iailh.
Iul!y poiI all is creditors, las also relieved
,sseUt entirely iron debt. To maiptsn a
distinction So desirable and 50 honorable 10
cor natioaal character, should be ~ object
u earnest solieilude.
I Never should free people, if il b. pos,
s.ble 70 avoid il, expose themselves TO The
necessity {. Layog 10 tfeas Of the peace,
Tho heaoS, OF tho safety Of Tia Republic,
wllh ibs Government Of foreign creditors,
vho, however well disposed tAey may 10
70 cultivate wiki us ia general friendly re.
Iatigas, are nevertheless, By tie av Of their
own condition, uads hostile 10 Il: success
ard pernaueney Of political institutions like
ours. Most LuuililuGg msy b. tho en-.
H1 1rrteA.y,ttr s.
dltion. Another o-loctiou, scarcely less
formidable, - tue commencement OF new
GsUt is is inevitable tendency 10 increase
10 mosailGGe, oaj 10 foster naliocal sxlray.
aEaace. Iia has been ap Improbable oh.
server Of cyens Who needs at this day 10
10 oduouiSeed Of The difficulties which q
Go7ornlea, Mutually dependant On loans
70 sas.siI is ordinary expenditures, has 10
encounter IL resisting tho Influences con.
s!au'ly eXerted o IovoF Of additional loans
by capitalists nho eUrIch themselves By
Government securities for amounts much
exceeding the mqucv thoy actually advance
-'proll' source Of individual agsrond,zs.
/ ment 10 all boyrsurg counties by stock.
lcidgrs, VIC seek their gains 10 tho rise
s-I fall :. to5aG stocks and b. tls selfish
inpor;unitiss Of applicants for approeria
teas Coz works svovedlg for ths sccopmo
da'lun O. tia Public, but tie real objects o.
which are, too frequently, tia advancement
q priyete interests. The known necessity
Which SO many Of Tho States will bo under
70 impose taxes for tho payment of tho in.
II I-Lt II, ! II
ard very cosent reason Why tho Federal
GovsrHmest should refrain frsm creating a
national debi, by which the PeopIs would
b exposed to double taxation for similar
ohnct We possess Cihjn ourselves ample
resources for every emergency and sc may
be quite sure that our clI2nas, 10 ne future
eSisency, vii 10 unviliar 70 supply The
Government VITA all tho means asked f,r
the teicuce Of the country. In time Of
peace there can, at all events, be 40 just.
-caton for tho creation Of a permanent debt
By the Federal Government. lis linited
range Of constitutions! dolies may certain.
~, under such circumstances Ia psrtormed
oi,dout such 4 resort. II has, il is seen,
been avoided dgrjag four years Of greater
iscal difficulties thaa have e2 stal 10 c sim.
liar period since The adoption Of ias Cons.i.
lu,ion, and on- also remarkable for tha &C.
curroaco Of extraordinary causes Al eXfsn.
dlnrcs,
Bat, 10 accomplish so desirable an Oh
iect, twa things are indispensable: urst that
the action Of The Federal Go7ernmea! DO
kept within the boundaries prescribed By
It's fauadars; and, secondly, that al! apero.
priatlous Tor objects admitted to be consl.
ullonal, and The expenditure Of them also,
be subjected to a standard Of rigid but vol.
considered and practical economy. Tho
Grst depends chiefly on the people them.
selves, tha opinions they form Of the truo
construction Of the constitution, and tie
confidence they rcpose IN the political sen.
Nments OF those they select as their repre-.
senlatives in tho Federal Legislature; tho
second rests upon the fidelity With uhich
thcir more irmedja;s representatives, and
other public funclonaries, discharge the
trusts committed to them. The duty Of
ecouomizng the expenses Of the public ser.
wee Is dGulltlGu fN tlt MINUS NeA lutEo
arc few subjects upon which there exists
wide. difference o! opinion than Is constant
~ manifested in regard to the fidelity with
Which tia, duty is discharged. Neither
diversity Of sentiment, nor even mutual re,
examinations, upon a point in respect to
which the public mind IS SO Justly sensitive,
can well be entirely avoided; and least So
at periods of grea; political ezcitoment.-
An intelligent people, however, seldom fail
to arrive IN the end, ut correct conclusions
in such matter. Practical economy in
the management Of puh,.c affairs can have
no adverse influence 10 contend with more
powerful than a large Surplus ravenoe; ana
the unusually iarsa appropriations for 1887
may, without doubt, Independently Of the
extraordinary acquisitions for the public
service growing ont Of the state Of our H.
dian relations, be, in no Incous5erahle de-
rrec, traced to this source. The sudden
and rapid distribution Of the large surplus
then in tho Treasury, and the equally sud
den and unnrcccdeutedlv severe ravusion