Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-03-12

Utdffh ~ he MANY tnf0 the hdnds Of The FEW
-svery year adding moro and more to the
store Of the wealthy, and impoverisbing the
poor in the same degree, until the laborine
classes are brought down to a state in which
they can barely subsist, and then, and not
until then tho interest Of the overgfown spe.
Gle capitalists, falls through the inevitable
laws OF necessity, To n point that will leave
IN the hands of the laboring poor enough on
ly OF the bran and refuse of their hard earn
lngs, barely to support their miserable exist
ence. This the writer has been al eye wit
ness Of in more than one Of the EuroPear
countries which Mr. Van Buren, has selected
as patterns for our imitation, of which more
may be said hereafter.
Mr.. Calhoun not long since said, that il
was not best or safe that the people OF the
United States should be made acquainted
with the corruption of the present admins
trs,ion, and II has been the belief Of the wri
ter for some years, that were the great body
of the people Of this country fully aware o
the deep and damnable schemes IN progress,
for their destruction, they would not only
drive the present administration from power
but expel ,hom the country they have SC
basely betrayed.
II it should be asked what interest the
federal executive can have in thus beggaring
the productive classes Of this country, ana
reducing the price Of their labor to that o
the miserable serfs Of Europe, the writer re
ferring to what has already been said on the
increasing influence of executive officers
will further answer, that all history and expc.
rience goes to prove, that the salaries OF GO
vernment officers universally increase rather
than diminish. as the people of a country be-
come impoverished; aud further, that by the
rule advanced by Mr.. Buchanan, it the price
Of the products Of labor are reduced, just IN
that proportion the value Of money Is in.
creased and Of course those who derive their
incomes from 6xed salaries, reap the same
advantages from the fall Of the products OF
labor as If their salaries were actually In.
creased IN the same proportion. For instance
we will call the expenses OF tho federal
government for the present year, 0,O00 00C
dollars, aud the products Of the labor Of the
people will amount, as before stated, Il
100000 0O0 dollars.
Divide
Expenses OF Products Of
Govt. labor
10000, 600 500, ,OOO, ,OOO(37, and it thus
requires one thirty seventh part Of the pro-
ducts Of labor for the support OF government.
We will now lessen the circulation one
half, and as before stated by Mr. Buchanan,
the products of labor are reduced in price
one half, or to 750,000,0O0 dollars while the
salaries will undoubtedly remain as high as
they now are.
Divide
Expenses Of Products OF
Govt. labor
40,CO0,000f50000 000(lS, and we
find it now requires one eighteenth part of the
products Of labor to support government.
Agnin reduce The circulating medium one
half, and the price of the products Of labor
fall to 35,000,O00 dollars, as confessed by
Nr. Buchanan, which divide by
Expense. Of Products of
s4O coo ,OOO)375, 900 OONo-and i, re.
qures ONE NINTH part of the products of
the PEOPLES LABOR to SUPPORT
Thus shelving that with circulation Of
200, 600 GOO dollars, the expenses of the fede-
raj government absorb one thirty serenh part
Of the products Of industry, which vt their
present prices. amour, to 100000 dollars.
Should our Bank paper currency be ex
PEELED, and the circulating medium be redu-
ced to l00, 100000 millions of specie, it will
require about ONE EiGHTEENrH part of the
products Of the labor o. the country to sup
port government, or at the present valuation,
80 MILLIONS DOLLARS!
And in case the circulating medium should
again be brought down one half, ONE NINTH
part of the annual products Of industry, will
be absorbed by THE GOVERNMENTS which
at present prices is equal TO l60, 100000 Of
dollars, thus FOUR FOLDING the salaries
Of the Executive officers, whose numbers have
already been nearly FOUR FOLDED as
has been shown by the foregoing extracts
from Mr.. Benton's report. This will be in
the language Of MR.. VAN buren, and
Mr.. BENTON, increasing the Executive
power in a "GEOMETRICAL PROGRES.
SION" with vengeance indeed.
If the President is noV able TO control the
elections through his Federal officers, which
is precisely what Mr.. Benton and Mr.. Van
Buren said could and WOULD be dons,s
@What Mr.. Benton s. Mr.. Van Buren
once thought Of such power as this may
perhaps be gathered from the following
extract from the same report before
quoted. 1t will be remembered that J.
q. Adams was then President, and it