The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1841-07-27
o,urIOAN BILL.

rHELoAN BILL.
ALLOWING statement Of the S S"no ,n,ellis
he lO''o w The remarks of the Nat'ona' i"'e"'>
asury a"i :, will place the facts in relation 10
4 Ger upon ~ n,ain light 1t shows the actual
\ measure ,,y and The absolute necessity OF
the .,;ons for paying it, either by treasury
fpkl"s Pa, Lam. We do not see why PV'''''a'
pes 'hould be raised about TINS na''o'' u"'so' 80
seH0 S"O Oo M the excitement.'--on SUBJECTS OF
ITO ~sOp '.es 90 ore great deal better than sPecula-
banco W ose 10 RELY upon them, they don I lie
bn; We o"Ce. sometimes do. This simple exit
rbile Po'" ,os is full plain and snti siactory an
v 70 Mr. Woodbury. long speson' ~ ~ enanoi0I
"A" il vain to shift, the burden OF hnane'A'
HP'Op aoaoment from his own shoulders 10 mos"
ismap administration. Let the public ex-
inc no facts and not be led from the true issue'
splne 'n0 interested parties, or the misrepre
"dons Of parzan presses
|fn'h'o~ MIN FINANCIAL QUESTION.
ns somewhat surprising that there
y ~ 10 sucb diversity ofopinion as to the lrue
ROu ,';on Of the Treasury, when that condition Is
7O"'" ,jho ofsuch easy illustration as the follow
NJ ann, Of Treasury, notes unredeemed by
we aroum ,, IF accounts, and therefore outstand-
#ips (d'Ols0 0" ''' $4,96G,S SIG
81 ,orr, Of outstanding approprin-
fiOns Q'a0"'''''" - " I2,3o6, 265
|Ayas
ec'na T.. a% Jsu ISL, was 1928 ,osl
amount of appropriations OF All
# ;,1s made at the last session Oh tho
4 RAN Congress, for the service OF the
Year 1871, was
,,oI omount of debt and liabii-
I s, between 1--WE INV ~ 3G,992,17G
0r. i,o"nt of revenue received be-
wfen LIST January and 18th March,
a StI including the balance in the
&rreaslry on lst Jan. 1S4l MS appears
~ - the Treasury Report of2d June,&
&ncludine also an amount received
lam the Bank of the United States,
r@ o,9E|I2I
Mich deducted, leaves the amount OF
u abt and liabilities on the 4th ofMarch
&sm anu "N'''''' " 33,O64 ,449
lis amount is chhrgeabIe upon reve>
Hre accrling and 10 be rcceivvd Gtter
INN March, 1871; ofwhich i: is esti-
Mated there will be received between
&he 4,h of March and the end Of the
Mcor, (per Treasury Report) 1860 ,GC0
Mich deducted leaves the probable
Enouut ordeht and liabilities the
~, J Ian, 1872 1884 ,44o
II which should be added for Interest
Ian Treasury notes redeemed during
3So yesr nfobahly 800 600
IA
W Making the sum of $'e,64,449
|Rlbis sum will BIO diminished or increased exact
.s The revenue which mny have been received
M ween the 4,h Of March and 3lst Of December
By H be greater or less than The amount estimated.
Nm, whatever portion of thi may he required 10
81 net during the year 1891 can only he met by
zfb rowing money or by deferring payments by
&SpNs OF Yroa,NsY Notes.
HIThc appropriations which mny DO made at the
~ a session 5re no, included in the foregoing state
I'm, but must be added to make the true nggte.
6pAk for line entire yeur.l
E4qs 10 the choice Of modes for supplying this de-
tftDcy, between Treasury noies and Temporal
NlloanD it strikes lis with wonder that there
|Mnd be any difference of opinIon. A Treasury
1o|e is as much an evidence of public debt as
Nfllcale Of Government stock for tho same n.
Q1uOl; and The idea of resorting to Treasury
7qles 10 avoid Public Debt is about as rational
That Of taking poison to escape n natural
\ lib,
RNha' would be thought of the wisdom Of any
N in private life who, having occasion for mon
for term eight years, and being able to boz
n for that term at low rate of interest," should
Mr. borrowing it for year only, by issuing innn
FahIo pronissory notes, knowing that at the end
Nhe year he would have no means ct meeting
4 Sc engagements but by issuing another batch of
6S2mssory notes, TO be again renewed at the end
@le next and succeeding years?