The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-06-12
Trsnanrg -. yYeha1er.

IRON the correspondence ofthe Nsw-O rleans
Bulletn. Read n, and see Z picture Of the /
finances Of our government, as exhibited
by tie party themselves. Can men who cal
themselves Republicans, view this picture
land say 'reIl done, good and ;isEful scr
eants Is il possible, that party infataa-
ltion has gone 10 that extentln onr country,
that honest men can sanction such Plohi-
lgacy as IS now acied upon the stage Of our
Epublic afairs7
Patriotism calls upon every man 70 inform
himself upon his subject and act accord
Iingly.
When this gentleman had finished, Daniel
Webster took the floor, and began speech, /
of which. trnst, for the sake Of the country,
and his own distinguished and yet increasing |
Fepulation as q statesman, not one word vii
be lost. Il was delivered throughout with |
calmness and dignity and in tone Of voice
that reminded you constantly Of the elevated
conversation of this great mind on momen-
ltous subject. Though there was an entire
absence Of the rhetoFician's wits, OF AIRS
never was there an audience more complete
Nv absorbed IN attention to the great views
presented; as. surely, never was the truth
promulgated IN anOre vigorous and ettec-
/ tive manner
Mr.. Webster truly designated the charac-
ter of the measure al the outset, as neither
more nor less than a proposition 10 Dor
row five millions ofdollars. Asolten as the
notes issued come in, so often will they be
Ire-issued. Il IS substantially proposition
] to be rrow-re-pay --Tc-borow in order to be-
able to re-paY--re- pay again By re-bofroWlng
and so on, and so on for two years, because
on the day previous 10 the last day Of one
year from this time, FIVE millions may be IS
sued under this bill, to run one year!
The public attention ought to be strongly
! drawn 10 this fact.
MIR. Webster next referred to the presi-
dents boasts in his message about the sac
! cess Of the financial operations of the adj
] ministration. He had no disposition to en-
! barrass the government; but, on the contTa-
Try, every desire to aid and assist; ret he
: could not see any great reasons at present
: to felicitale ourselves on having an overflow
: ling treasury.
What, he asked, was the state of the
treasury, as presented BY the secretary at
the beginning OF the session--that is, what
was the amount of the actual means and the
actual debt?
j The whole amount of means available on
! the first day.of January, 1910, was one mil
j lion and hall Of dollars.
There were outstanding, at the same time,
5 treasury notes TO the amount Of tDO Millions
} and three quarters!
} These are indispuiable facts, which the
: country should bear in mind.
: Nov, what was our condition three years
} before9 What has been the amount Of an
E nual expenditure since? Whence have We
: derived the means meeting it2 And are
!, those means permaneni? or already exhaust
: fed9 Were they only temporary These
are momentary questions.
! At the beginning of the year 1887, there
were, according to the documents from the
q Treasury Department, and as every man COLI
). ransant with these subjects knows, six mill
Ilions,ef dollars In the Treasury AT the ex-
ira sessiCn of that year, congress passed az
.1act. with folding the payment Of NINE
Mi LIONS Of DOLLARS, under The de-
posile bin Of 1886. Subsequently, the ifeas-
ury received payment of two bonds Of the
Bank Of The United States, amounting 70
live millions Of dollars. These, taken to-
E getler, mike TWENTY MILLIONS, IN al, ad-
ldition to the regular receipts. Not Only mas
IalI this enormous sum EN- expendeds rut {,
! lin 1910, The government Is IN debt 70 The
amount Of TWO MILLIONS SEVEN il ljN-
DRIED AND FIFTY THOUSAND DOL
LARS!
:. After deducting tho whole amout of the
s United States Bank bonds, and the balance
{ due from banks, the round sum Of FlEEaS-
ny MILLIONS TWO HUNDRED AND
81 TWENTY THOUSAND DOLLARS still
remains as the expenditure q the admins
kgalfon n three gears, BIS lEES ALL. ]. & 3
RECEIPTS FROM PIE CUSTOM
HOUSES AND LAND OFFICES
THE EX pENDlTlIRE Of this adrninistra.
ton has { EXCEEDED IFS INCOME BIZ
SEVEN MILLIONS OF DOLLARS A
YEAR. FOR TIE LAST THREE
YEARS
& Mr. Webster then proceeded 10 ask.--ls
this annual expenditure io De dccTeasedl
8 IS the revenue 10 Be Increased; and f nei=
Iler Of these two things Is e be dones Is the
J, deficiency 10 Be Suspected by q loan.
S. The Treasury Note Bill, be mainialneds
was merely proposition ioI loaa.
II viii Sc remembered thai Mr. Nebstef
made call fol Information some days age.
IS to what an1ounl 81 notes had been paid"
g The creditors 81 the "a eminent, and what
anoant had been used for botfuipg money!
The answer nas faI from being satisfac
tory, and Mr. Webster entered on review
I.ss 4l,ef rS4Slo ~ ia -~-s.@s. .Es4t il slel.r