Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-01-06

The country Is also supposed to be supplied with
foreign merchandise IN greater abundance Than II
year ago. Thus will lead not only 10 u re-
dneed demand lor the importation Of more goods.
but In greater espoft oil what is already here, to
other aud better markets and thus. by increased
drawbacks, as well as diminished imports, materially
lessen the nett receipts from customs.
The price OF some ol onf principal articles of cx
potts Being lower the same quantity will likewise
furnish less ability Ia make purchases abroad. and
where the quantity is latger. the commercial embar
easements both there and here wrll Tend 10 prevent
buying, On either side 81 the Atlantic, much beyond
what - needed Tor early consumption, The greatly
increased liabilities the part of many corporations
aud States, Tor the payments of interests AMI dtvl
dends on their stocks owned by foreigners, will sill
more sensbly affect the revenue. Those payments
must require millions Of exports either produce
OF specie which will lead rcluips IN additional
impUtls. 1t ~ believed that within lew years past
an annual tax drain tins country has thus been
created, equal 10 twelve Of thulcen millions OF dol
lars.
This is new aud important element, bes,des over
banking aud ovcttfndlns disturb The industry the
commerce and finances at the Union. Its rapid
growth has been accelerated by the distribution Of
The surplus in deposite among the States, tempting
them III several instances Ia new aud Improbable en-
letptzes, and stimulating delusivc hopes Of sllll fur
thef distributions. lis influence Tor evil has been
aggravated by u lew other causes, some temporary
IN duration and hunted IN extent but others duscd
in degico over considerable portions oil the evil
zcd world, aud presenting some singular anomalies
IN credit, currency aud trade But without en-
lmglns on tho consideration ol them here, the FOL
loving conclusion may be regarded as inevitable.
Should the States not speedily suspend mofc OF
Their undertakings, which are unptoduciFe, but,
by new hans OF otherwise find means employ al
mics olnborert IN consuming rather than raising crops
and should prices thus continue in many To be-
unnaiurally Inflated hey have bccn OF late years
n q "A ~ ell ~ nI
II on our finances will be sll moro to lessen exports
aud consequently the prosperity and revenue On
foreign trade 1t will also impede the sae OF the
public lands, by dHerng labor from the soil TO
works which, for some time, must be nholly with
out profit. Circumstances like those, with the scare
ty OF money and high tate Of interest abroad p,oJu-
eed by them aud other occurrences, not necessary
To be now repeated have already diminished the IN
eomc The present year below what II otherwise
would have BEEN and will probably manifest iheIr
power much moe III the yeafto come.
The estimates ior revenue from lands have been
reduced the most IN proportion, because, besides
the diminulion OF sales, which will probably be
caused by the present aud prospective scarcity of
money aud fall oi the prices "i produce, The amount
received ifom them dur. Z the present year has, rs
was anticipated by the department, been much IN.
creased by The Temporary power Of the late p,eemp
ton law,
The unusual quantity Of land newly advertised
during the year ls59, aud the consequent large ,c.
ceipts connected with that cause aud the pie-emp.
tons. are circumstances not lkrl, 10 fecnr in 1910
II is believed. therefore tha the low estimates sub
united to land will prove suhclcnly high unless
u gtnduaon bill should pass. The effect Of such Il
bill, Judging from fnason aud lrum anHlopy to the
gradual pitocs, undo, which lands ARE now selling
on az count al the Chlehasaw Indians. ut Pouliioc
much more freely lban csen here wilhln tho sane
State, would be To add considerable 10 The revenue
FOR lew years
Explanations oie estimates as 10 expenditures and nj
S2me JulHcr reductions m hcm.
The estimates Of expenditure for Ordinary pnrpo
IN $40 are III the aggregate about five millions
less than what 1t Is computed viii be spent In ls3o
Tins great reduction las been proposed. althour II
the expenses OF 1899 will be quite SIX millions less
than those Of 535, aud those of 1898 were sumo
what ess Than the expenses OF the previous year.
The various iiems ol new appropriations asked
for are as usual IN the amounts requested by the
different departments having cpafgr Of The d iiricnt
subjects. II any omissions ms alcnatious &c cuf
IN them, they must. therefore, happen from lnadyer-
tenee ty thuse olfcefs best acquainted With the bu-
siness aiihiu then own peculiar province.
Bur. IN the present condition Of the country and
the hnances. II IS not expected Ihat much necessity
will arise, euhcr IA the opinion Of those departments
of Congress, 10 make important additions 10 the
sums now requested. On the contrary, II Is conf
IDENTITY hoped that some reductions from ihcin can
be effected without material injury to any great va
tional interests.
II is difficult in young, growing and euterprisng
community, 10 restrict public expenditures wllhln
reasonable limits. Certain cxigcucrts also occasion
ally occur requiring extraordinary saci Ifces.-W hen
patriotism aud honor demand large pccuniafy con
ttIbutious, the latter richly repaid by Their ten
dency 10 mpait Wig and security TO the lutmcr.--
But an expenditure OF taeuy millions OF ordinary
purposes. though much rrduo ed nom The aggregate
during few years PAST, Is believed by the uusets
ed TO be more, inslead oless Than sound policy JUS
iifes, while the present unusual embarrassment IN
noneyed anlIIs shall conliuuc. Indeed s,lonp
doubs exist, If II be not han the zeal ne1ts,i-
ties OF the General Government usually require
The reasons for this conclusion are tri,ng these -
1t is true that such an expenditure, cquang only u
dollar and fourth per head Of our population, Is
moi a very large oteto sustain Il Coniederary wIh
such widely EXTENDED duirs as this. II reduced TO
the amount OF imports, which are the whole real
burden and if compared with tie taxes ell, mhcl C.
eqaaling sometlurs fifteen dolIas per head. under
political institutions OF different iorns aud itss thu
gauy, the pressure from that source Ii ie moul,
seem to be remarkably h.ht.
Bnt it should be remembered that the pronlc of
the Unired STATES are obliged 10 deiray large a.
mount of other public expenses npusrd upon lhrni
by State authorities, aud ut the time that tAelr
larns OF govt rnnent, among various cxcellencies,
have been preferred particularly for ller economy.
Hence the tue question with them, Ia respect to
expenditures, Is, rot how large burdens can be
borne bat how much eau be dispensed with. Ii is
mol what splendid. but What is usel4l aud neces-
sary-nut Row much can be collected from lhen,
without suffering, bnt " much can be lcit with them,
both OF money and power and insure all the benefits
oil the social system.
As the ut,rests ard wishes Of the people formed
The Government, they should control II.
(,uusturfIuu these a and tle