The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-12-17


biass sd sasFidisa lIas IirRss 10 r
RIEsE. Il % PEssansd thai lhs ~esk .
De raucladsj - The pTesrnl season.
rhr present SQUAD eanditian ~ Ihr
hnsess. sd he success 9Th which en-
bsfrslsnrnss ia regard n Ikem. ~ ans
snpafsndy insurmauniabie. hare bee
overcome. are malsrs upon shich a.
e poole ard GavemGrni nf lLr Ualar
slales mrs seai esssrsIulals ILrnsrlsss
An osrshas,ng treasury. however
may he regaIdrd as an esId-nre of psbli
prosperity. - srlJ.a 'csHdsriss Ia an
Permaafnt weIfar- '.f-ny ProPle; saJ e.
p~rieacs has demonstrated IIs iHeampsIr
bEl,ly aiIh lie ssinisIT seiiun II slsIsra
iaELlailsss Ike Ihnsr ~ Iae Z. Siases.-
Oar ssirsi Hrilsn-r Inf n anrIsi "lsclrary
and Independents has. aa the ronlrsry,
been faUaJ Ia ranslsI u Simple resausrr.
Easaenmbefss ~ih deb: sud. IN ls.ls res
EeeI. lhr Fe.leEal 6aserRsueaI aecapies
ssEzul.j, fSrma.ue sud usly sasiaLl.
plsinsu.
whsn 1 entered upon the discharge oI
my nGkrii dusies in March. 1887, The Gel
Jar NE distribution ri the surplus reve
@lue was in course nf rapid ex-ention.
Nearly twenty right m,llians IL dailsrs
al the public IN lnri.s -ere. IN pussaanee
Of 10 provisions. deposited with The sisles
- The meath of January. April. and gu.
j.. ri that year. Ia may there occurred
- general suspension of specie payments
~ the banks. Including viii very lev
exceptions, lhnse in which the pubic
.aoarys @ere drp"si'ed. AID upoa whose
6d.SIy The GavrInmanI had unfarluaale.
Nv mad- iss-n dependent lnr the revenues
~hieh had been r.a!rcIed from the people
and ssrs Indispensable Io the public ser
Eiee. THIS suspension, and Ihs excess.
rs in banking and commerce out of which
AZ an,tr. ag we're greatly aggravated hy
~ occurrence. Insde. To a great exisaI
SHassll.ble The prncipl pad NJ the pub
lie mnaey ;s,ea on hand: suspended ibe
C 'ilec,iu of nsuy millions acrruing on
SneTahaEt,' blnds: and grealiv Tsdaeed
al'e revenue arising from customs and the
public lands. These tf.cts have raniin.
ueJ To operate. in variou. degrees. 10 tie
sssseat psElods and. in addition 10 the de
srssse IN The revenue thus produced. Two
and . half millions of dnIiss have
!hfcn rslinquislied by Two biennial redac
iions under the act Of 1893. sad prohs
b. a. murl. more upaa tie imp"rIaiion
~ iron for Fail roads, by special iegisla.
Iion.
Whl.I such h - been our e0ndiiioa iIr
,as lass i,Ir years "a rels,ion Ia rerenue,
We have, duung I:Ie sans periai. bsen |
FuIsrlsd 10 an naasOii ,ble Continuance |
o; large extraordinary expenses necsssa
ssrIly crossing out Of Pst transactions.
snd which could not be- j.nmsiislely ar.
rssisd wilhhus srea, prej.d'ce I, the rub.
ltr hHsasa-i tl tas.s- the charge uDun
1;'- Treasury, N eonsrQNsncs II iks TIE. |
Tskse Trsiy slsne. wl'hoaI sdvrrling in |
0'hsrs srisiag nuI of Indian ue.i,s.. has |
AREA ~ exec tel Eve milli,Bs of d,llars:
.Isi Iy the prosecution nf measures Tor
Inc tsA0y~i al the Seminole Indians.
rhleh SrIe found in progress. Ia. been
lses,iy iaurssn n,llnns. and the public
buildings have required the unusuA sun
Ii Deariy three m,llians. - a#
u al lri. De. however, great pleasure
10 be ahie 10 say, that. from tie c"m
lsassJnsnl III shIs perI0i 10 the present
d<y, every demand upon Ihr GOVERN
nsea,. u ha@e pr abroad. has been
ptuuplly met This has been done. mot
OHly wIihnsi creating permlnea, debt
q, = resort 10 additional Isxsiiog in any
IhTB. but "a the midst nf steadily pro-
sTes.ise reduction uf existing burdens up
0n the people, leaving snll . considerable
Dslsaes oil s.sllsble IgnJs which will re.
IDa.a 10 The rn asury al tie end of The
,esr. ghe email amount Uf Treasury
soir-. 80, exceeding fur and half mil
i.'ns Of dol;.rs. .nil outstanding, aud less
- S+Esy lisfse 30 liupns i5sn ,hr U. 5. |.
base " sr,,asIie ~ b The ssIes.is c"man..
- o. saeh ,p.,is - ARE Mt yei dur, OF
assea'H been ptssstsIrl Tor pIvmem.-
They may Gs redeemed auI 30 the accru-
~ retennr. Il the exg-n4,tarrs do rot
xrteJ The amount 1uhan ahch ihey :
sag. IL - thought. b. KEEP, ~iihou, pre-
i.dIce 10 the pnhl,c iGisrs.t, .nd tie re.
renoe shall prDse g. be a. large as may {
.is;iy be anticipated. 10
lns 4 the reflections arising from Dir :
'oaIrnp lauon of ,ilese circumstances, one
r--noI he least grslifying-I. the cnn.
-l9ssness tssi tLe Government had Ihe I
ssall;ipa and shi.ny Ia adhere. in every 1
emergency. 10 thr sacred obiIg slioas Of !
40; - eK"cate all it, conr4c.s accord.
ng 10 .lls requirements Of the eon.liru- d
Iqn. agi ys9s g present. shsn mq.r /
'esdst, r.lIyIng point. BY ~hirk the a
'u:Igess Of the hole country might br $
'ro"ghr b.rk To sale and unvnyiag Il
isRdard-s result yiiaily Important as d
srll 70 ths ..,tsrssls - 10 ,br moral. ii =
he people. Essrs car surely no~ be j
- d'd-regce u gpinion in regard 70 the 3
neslerl>lls evils that would haze arisen d