Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-10-01
FEDERAL. F;N.iNcIERlNG.
III, If Yesterday contains the

ude and propriey rebnkc their AMBITION and illustrate
| :ieir vicious hopes. So may 1t ever be
FEDERAL. F;NlNCIERlNG.
The Courier and Enquirer Of yesterday contains the
| following article .
owe uni r.tnnd tina, The hest made for the Government
,,o w .,t f., SIX pcr ccn, stock and thai the Secretary de-
lines pin. The temporary pnrp"se o. me "o
r,n,n,y ,,s We nj understand thai tiic uan 81 million
ye>cd BY Tie stats has been n1na"nsa m u, pe, a ar
cr cent, stock which was The best o' ana 'ha'
| for only a SMALL amount
II IS ,iuS demon statcd that the policy of the late adj
mnistraon in issuing Treasury is better for the
Interests of Government than to create funded debt
After getting law passed 10 borrow twelve millions
m an issue Of transferable stock, the Secretary IS I'M
,bi 10 procure money six per cent stock, and is
forced 10 resort Of Treasury notes, the mca
sure 80 much denounced by the Federasts because on
Treasury Notes he get money at fee and nag pr
| cent.
| One year ago Mr. Woodbury. obtained as much mo-
n.y as the Government needed, per cent lreasu-
ry Notes. The late Administration, in order to remove
every petence for extra session, authorized an issue
of ten millions of dollars in Treasury notes. ny tue use
of which, in addition to the ordinary revenues, the oo-
cations against the Treasury might have been net and
The expenses of the extra avoided, II economy
n Tho nublc expenditure had been observed But the
Who's nust create pprmEnen stock debt, as the ioun
dation ota fiscal Bank and to obtain means to accom-
MEDIATE the politicians, spectators and stock gamblers
with loans Hence the urgency of an extra session
using much more convenient and economical medium
| Treasury notes.
seems also ,ha, the million loan advertised by the
| Commissioners of the Canal Fund Of this State has
failed, only small sum being bid for and at discount
Of fifteen per cent.
| This is a most extraordinary state Of things, when
the New York papers announce, from day TO day, that
money is plenty, and seeking investment on good seen
y and when also, the canal revenues are increasing
over two hundred thousand dollars this season,
/ al 10 1ost iInrAs tln me
Of paying interest, at least on the present debt and II
the exravArance, and progGcy, aud unsteady financial
gait Of State Administration, had not shaken the
confioAfs, Of capitalists, most certainly the Wing
bankcrS would take this loan for the credit Of their po
I litical friends and the honor of the State.
In 1893, the same men in New York who are now the
financial advisers of the State officers, paid premium
Of serenteen and aha per cent on stock OF inc SANE
character which drug at Is per cent. discount,
What has caused this difference OF hnyfro ara a""y
per cent in the cred, Of the Stale? The assessed
value of the property of the State has increased TWO
hundred millions OF oollars-the annual tolls nave m
creased at least eight hundred thousand dollars ana IN
this condition Of the security and the revenue 10 pay
| interest what but the encouragement oil Whggcrr
coud have lesspncd the credit Of the State from fifteen
10 thrty.two per cent. ?-.f'c@Hy 7rs"s.
Tup WING AppREss-The address issued by the
WL;G members of Congress at the close OF the session.
endeayors to excuse the tyrannca rules and resolu
lions of that body by the allegation that The measures
acted upon such as had long been discussed by
the nation and Congress- and therefore much debate on
them was unnecessary This excuse is nnsusaIned by
the acts for in the first place considerable time was
allowed for the discussion of The Land Bill ana other
measures which had been belnre debated and The least
time was granted entirely new measure, one
which had never been before debated in Congress or
among the pc pole-we mean the last Bank Bill. On
this but about eight hours allowed for debate by
upwards of go members of Congress-less time than
4 single Wing speaker would sometimes occupy when
the Democrats were in The ma "riiy.
In the second place, the pretence that the measures
had been before discussed furnishes excuse for the
act of the Wings in refusing the members the oppor
tunty record their votes the amendments Offered
50 that tie people might know how their representa-.
tiyes acted.
duction of economy in the administration Of the Co.
vernment and the "discontinuancc Of all useless Of
fees
| This is good proposition but why did not these
gentlemen act upon at The late session, instead Of
adopting tariff 10 raise money and passing Tie
land bill which will have present effect, Was ii
not because they did TO carry their professions
Of recnchment into practice, unit, after they had quar-
relied with MIR. Ty Ter:
They further propose 10 s'suhact the power OF re-
mnva from Office just restrictions 10 render the
President anenabc for lis exercise Yet these are
the very gentlemen who wished Gen Harrison and MIR.
TYLER to make general sweep Of the Democrats from
Office merely because they Democrats They had
ln,eat 10 any bH
Office until they should have gotten all the Offices filed
with their friends
They say in reference 10 The Veto, that they wish the
will of the nation 10 be uncontrolled BY The will Of onc
man. We fancy that they will IN in he recent and
approaching elections, that the wall Of the naucn has
been made effective b. The act OF one man, and that
now as in former cases. the act Of one has pre-
vented the will of the nation from being overruled by
caba r ~ men elected under false pre.ences
az to their intended actions.- Peaasy 'e"niaa
| "PoIITIcAL ToRNADo."--The Richmond Wing says
if President Tyler vetoes the Fiscal Corporation bill,
there will be a ''pol.tical tornado raised which will
completely oyerwhelm him.
The Enquirer states that in that even, lie has M dcub,
thc Eoius Of the WING will contribute his little bag,
| from the cavern Of the winds
As the bill has been vetoed, and The wind bags of
the Wing Eoluses have been opened, we would advise
the inhabitants of the White House al Washington to
be on the look out lest the Corln,ian columns Of tia,
splendid edice are ratified around their 10y this
nj nnliticnl like