The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-12-24
CHARLOTTE, N. O., DECE3gBER "a, 1870.

teooNi-Ats ~ 80 4it ~ ti-iuf II btsDEt ttpd'
ieat!y insurDouui4ble, have been overcome,
aru matters upon which The People ard Gov.
eminent Of tie Dotted States may vel con.
graduate themselves. Anoyerlgwug 'fTca.
suiy, however Il may oe regarded as an
evidence oiputic prosperity, IS seldom cou.
dVcit'e 10 tie permanent weilafe o. any
people and experience has deusouslra;cd
III incompaibili,y With the saIu,ary action
Of political Institutions like those 81 the Upl.
ted States. Our safest reliance laf GLAncial
efficiency and Independence has, 90 the Goa.
truTy, beeu f9uad to consist "a ample re.
sources uoeGcuubered With debt aud 10
ths respect, the Federal Government oecu.
pies a siasuiat.g loauuate and truly eGg.a.
te position.
" Zen ! entered upon the charge Of nv
duties IN March, 1897, tho act l0r the dis.
irritation Of tia surplus revenue WIS 10 .
course Of fapiJ execution, Nearly twenty.
eight millions " dollars uf tho paoiic 100.
noys Uetc, ia patsUalce II Is provisions,
deposited With Tic States u tue mouibs o,
January, Ap.lil alL july, Of ilal year IL
May lbero oceliIed scAarai suspension y.
epscio payments by lie 1auas, including,
sgb veIy .s8 exceptions, those 10 which the
public uIqnies were deposited, and upon
whose Gdei,y the Government Lad uuior.
IUuaIely nude Itself depeudaDl Tor "a feyo.
pucs which asl been collected llcm the
P-cac, AID were ua spensapio 10 ;hc pub
liz service. Tbs suspension .al he OK.
ccsscs IN banking aud commerce cGt q
vhlcA Il arose. aAJ which gCrc greatly Or.
gtova,cd Is lis oec1Ee0ce, made. to 4 great
o1icu,, unavailable tie pFipcipai par. Of the
public money ghea on hand suspended tue
coeciion Of uhay millions accraiag on chr
merchants beuds aud greatly reduced tie
reyeuus arising .rom customs aud ths pub.
lie lands. Iuess cG,cts bagl continued 10
operate, 10 various degrees, 10 tbs present
period aud. n addition TO s. decrease 10
The reyecuo thus produced, two sad tsif
ml.leus Of duties bayc 5ctu rel.pqa,gaci by
Two biennial reductions under ,ae &c; O.
1888 aud probably as rruch more upon The
Importation Of .tua ios ra.iloals, S. special
legislation.
Wills, snch bas teau oar coa1i,ion fer
tia lsG four years 10 relation 10 revenue,
we have, during tue same period, been rub,
ieclsd to IN unavoidable continuance oil
largo extraordinary expenses necessarily
gfoSias olt e transactions, and which
cou'l not u immediately crested without
grca, prejudice to toe pu0l' interest. o.
thrse, the charge upon tho 'ficasgry, 10 coo.
sequence q tie Cherokee treaty alone,
without ad,ef!ing 10 others arising out eli
Iotisn treaties, ha. alfoody exceeded iys
millions of duli.is that for fhc prosecution
Of measurcs .ot the removal Of me Seminole
Iodlcs sh.ch wer9 found 10 progress. hns
bccu nearly fourteen millions and tbs pub.
lie buildings lava r.qpircd tie uousaal san
Of nearly three mllioas.
I, si5.ds ne, however, great pleasure C.
60 able TO say. that, from tho commences.
nsnt of this pericd 20 ,hc present day, eve.
II demand upon the Government, At homo
or abroad, has boon pronptly met This
has bcen done, not cuIy withcul creating 4
pcrnancu. debt, OF resort 10 ed3H,oGl taxa.
ZION 10 auy form. BOT 10 Ina midst Of a stead.
" progressive reduc!.oG OF existing burdens
upon ,he People, leaving still a considerable
balance Of available funds which viii remain
in Tie Treasury at tho cad Of the year.--
Tho small amount Of Treasury caleg, not
exceeding four and hail millions Of dollars,
still outstanding, ard lass by tweaiy.Ghreo
millions thso tho United States have in 10.
pos.ts With the States, IS composed OF sach
ouy es are not yet due, or nave not been
presented for payment. They may be re.
deemed out Of tho acrruj0. revenue, if the
expenditures 10 not exceed tho amount with.
in whioh they nsy, it is thought, DO kept
without prejudice 10 the public interest, snd
the revenue shal prove to be as large as
may Justly be anticipated,
Among tho reflections arising from the
contemplation of these circumstances, orc,
90. tho least gratifying, ia the conscious
mesa .hat tho Government had the rcFo'G,
ton and tho ability 10 adhere, 10 every
amecgonoy, ta the sacred obIisations oFhv:
TO execute all liz contracts according r. the
requirements Of tho CONSTITUTIONS and thus
10 present, rhea mos: needed = ralylnG'
poiu, by which the business Of the whole
country might be broggh! back to safe
and duvaryins standard--a rcsu!t vitality
important as Veli to the interests as TO tho
morals Of tho People, There can surely
now he no difference Of opinion in regard
to the incalculab'e evils that would have
arisen If tho Government, At that critical
moment, had suffered i,snli 10 be deferred
from uphoIding the only truo standard Of
value, either BY the pressure Of adverse cir.
cumstances or the violence Of unmorHcd
denuncia,iou. The manner in which the
People sustained the performance Of this
duty was highly honorable to their tariitudo
and patriotism. II cannot (ail to stimulate
their agents to adhere, under all ci7cum,
stances to the limo of duty; and to satisfy
them Of The safety with which a course
really right, and demanded by financial
crisis, may, in community like ours, be
pursued, however apparently severe its i'm.
mediate operation,
1t. 4