Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1840-12-17
NUMBER AZ.

execution % an obligation entered into In behalf Of
The Dsiriet uf Columbia which soon be die
charged, ia wholly exempt from any such embsrrass-
mont 1t is also. asis believed. the only Govern.
men, which, having fully and faithfully paid all is
creditors; has also relieved itself entirely from debt.
10 maintain distinction desirable, and honor.
able 10 our national character should be object
OF carncs, solcitude. Never should free people.
if II, be possible avoid Il expose themselves 20
she necessity 81 having 30 tseai Of the peace, tho
homer the safety Of the Republic, with the Co
vcrnments Of foreign creditors, who, however we'll
disposed they may be TO cultivate with Us in gene
raj friendly relations are nevertheless by the law
Of their condition. made hostile TO the success
and permaneney Of political institutions ike ours.
Most humating may be the entertainments
segment upon such condition. Another objection
scarcely less formidable, 10 the commencement Of
ncw debt u its inevitable tendency TO increase IN
magnitude, snd TO foster national extssyagancs -
! He has been unrrohtshe observer Of events who
! needs at this day 10 be sdmonshcd Of tho daicu.
I ties which Government. habitually dependent On
han. 10 .ustsiu i,s ordinary expenditures. has TO
eneolnier IN resisting iir influences constantly ex.
crted IN favor 81 ndditionsl loans; by capitalists
who enrich themselves BY Government securities
! Cor amounts much exceeding tho money they actu-
ally adsencea prolific source 81 individual aggrsn-
disement in all borrowing coantr,ess by stockhold.
crs who seek their gains in the iise and fall Of pub
lis stoeka and By the selfish opportunities Of up
The accommodation Of he public, but the real OBJ
jects Of which loo ireqen,iy, the Advancement
ut private Interests
The known necessit, which so many o. the States
will be under TO impose taxes for the payment q
the interest their debts furnishes an sddiiiqna
and serv cogent reason why the Federal Gasnrns
meut should refrain from creating natina4i dabt
by which the people would he cSpusaa % deaala
taxation for a similar ohirct We possess within osr-
selves mpe resources foi every emergency; and wc
may be quite TINT bur citizens in no future
geney, will DO unwilling 20 supply the Governments
with all the means asked for the defence OF tho
county. In time Of peace there can. at all esents,
be no Qualification tol the creation ola pefmancnt
debt b, The fedcfnl Government. It's limited range
IL constitutional duties may certainly, under such
circumstances, be performed without such resort.
1, hna, IL Ia seen been avoided during four years OF
greater facial difficulties than, have existed In .
similar p.sud aimee the adoption OF the constitution
aud one aso remarkable fof the occurrence Of OK
traotdnary causes Of expenditures.
But to accomplish SO drsilable an object. two
things arc intis pcnspbe fret that the action u tho
FedefHl Governments bs kent within the boundaries
prescribed by lie founderr, ard, secondly. that all
CONCENTRATIONS for obeota admitted be cons,it-
tonsl, and III. expenditure 81 them aso, be sub
jected % s,andatd ., laid but woIlcousideicd
aud practical economy. Tho frst depends chiefly
on the reopls themselses the opinions they form Of
tho true construction ~ the constitution, and the
the eonhdence they rePcse IN the poliieni SENT.
incus Of those the, select rs their representatives
il Tie Federal legislature, the accond rests upon
The fidelity with which their more immediate fers
tcsentsiises, aud other public fui'rtionsros dis
chargr the uas,s committed TO Thorn
Tho duty OF cconomiring tho rkrcnses OF tbs
i.bai service is admitted all hands; yet there
are few suhlccts upon which tlierc exists wider
difference 81 opinion Than is constantly manifested
in res ard the fidelity with which that duty u dis.
-. n ..t.,t nHayt
muiud rec,iminatlons, upon point in respect 70
which he public mind IL Justly sensitive, can well
be entirely avoided; and least Al perods OF great
petical excitomens. An Intelligent people, how
ever, srldom fail to arrive, in the end. at correct
conclusions 10 such matter. Practical economy
IN th. management Of public affairs can havs no adj
verse influence TO contend with more powerful than
a large surplus ie,epue; and the unusually largo
appropriations for 1897 may, without doubt, indie.
penienly Of the extraordinary acquisitions Tor tue
public service growing out OF the state OF our Ind,
an relations be, IN no ineonsidersbe degree. traced
10 lhis source. The sudden aud rapid distribution
Of The large surplus then ia the Treasury, and the
equally sudden and unpreceden,edy severe revul-
sion in the commerce and business Of the country,
pointing With uuerriDg certainty 70 greAthnd pre-
trneied reduction Of the revenue, strengthened tho
proprely a no earliest practicable reduction ofthe
pubic w aiditnres.
.3ut, 10 change q system operating upon so large
versii.d ineiesls and objects, WAS more than tbs
saotk % day. The attention OF every department
of the Government was immediately, and in good
faith, directed to that end and has been 50 con
tnucd To the pfcsen. moment. The estimates ara
appropriations for the year 1888 lthe first over
which had any contfol) we're somewhat umihsn
ed.
The expenditures Of 1880 we're reduced xix mil
liens Of dollars Those Of 1910, exclusive OF dis.
bun senouts for public debt and trust claims VII
probably not exceed twenty-five and hall rnilhons'
being between two and three millions less than
those Of the preceding year, and nine or ten millions
less than those Of 1887 Nor has Il been found ne.
cesssty IL order TO produce this result TO resort 10
the power conferred BY Congress, OF posiponing
certain classes OF the public works. except by dsfcr
ring expenditures for short period upon limited
portion OF them; and which posiponsinent terni-
mated time since, at the moment tue treasury
Department by further receipt from the indebted
banks, became fully assured Of ts ability 20 meet
them wtliou, prejudice 10 the public service in 9th.
er respects Causes in operation which VIII,
il is believed justify still further reduction, with
out injury 10 any important national interest ne
expenses u sustaining the troops employed 70 Flor
ida have been gradually md greatly reduced,
through the pelsevsring efforts Of the War Depart
mont md reasonable hope may be entertained
that The necessity for military operations 10 that
quarter viii soon he removal OF the IN
dams liom within settled borders 10 nearly com
pletel TIE pension list, one Of the heaviest cnst
gss upon the Treasury. Ia rspidl; diminishing by
DEATH The most costly Of our public buildings are
sther sni.hed, OF neatly SO, and we may. thinks
safely promise ourselves continued exemption
from border difficulties.
The available balance n The Treasury Cd The lst
~ January next is sslimasd at one million and q
! half ~ dollars This sun with the expected re-
ceiris from s sources during the next year.
viii il ia believed be sufficient TO enable the Coy
eminent 10 meet every Engagement and leave SUIT
able balance in the Treasury at the end OF the year
ifthe remedial measures connected with the Gus
tom. and the public lands, heretofors ecomuend.
ed sha be adopted, and the new appropy iations
by Congress shall not carry the expens. liurss be-