The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1841-08-13
The State Dcbt,~"No, |,

The State Dcbt,""NO. |.
During the Presidential campaign, the federal
papers were extremely bois,erous in prochiming
the extravaganza of the general administration, and
in imposing upon the people the assertion that we
were already involved in heavy national debt,
aud among those papers none were more loud and
humorous than the Permom IVatchmaa, and ma
ny like myself were, as it now appears, defrauded
of our votes by this shameless tissue of federal
alsehoods, But the object has been accomplished
we have been persuaded to vote for "Tippecanoe
and Tyler too" by direct and sheer deception
BY the judgment of heaven " Tippccanoe" (who
was to accomplish the mighty wonders of convert
ing the very dust of the street into cash-or raising
the price of ouI wool to 60 cents per pound at the
very moment of his Inauguration has been remoy-
ed,and we have now to rely solely ON "Iyer too, ~
who III order to keep up the deception, has report
ed in behalf Of his Secretary National Debt Of
s II 200, 900; but when the same Secretary few
days afterwards was called on for the particular
items, he reduces this debt 10 about SO 600 900.
and in this sum suppresses about half million
which should be credited to the nation, either
through ignorance or for the purpose Of sustaining
the old laschood or for the purpose of putting his
salt TorES in operGtiOa, or for some other cause.
which has not yet been explained. BE that as it
may, the whole cry of national debt turns out to
be sheer humhug, like that of the "gold spoons, +"
on the author of which tho vengeance of heaven
has already fallen.
And Notwithstanding these assertions of the
Uoichmop have been fully proved false, still the
Editor who is pous man aud church-menber,
has not re'racied lhem but in his paper of the 18Th
inst persists in his old game of iaschood, by un-
derlaklng 10 fix on his readers the impression that
the State of Vermont is not in debit and in thai,
article makes severol direct statements besides
many inSslnuaons, whch-ir he has examined
the subecl-he knows are absolutely flse. Among
these lasehoods are these: l. That the State debt
Gun be caHceileiIN FIVE MINUTES If The pcopie
sag so, and wiitom poyiRg cent 6cyoaf he de-
be9iures Of The House and Senate. ,. THAT for
the last or D years the annual ordinary receipts
of the Treasury have more than balanced the an
nuol ordinary expenses
II has been the object Of the leaders of the party
in power in this State, for the last ~ years with
Gen. Walton for their organ, 10 conceal from the
people all facts calculated to exhibit TO them the
true financial condition Of the State and this the
IPaichman, with its usual propensity for Iying
seems determined to pursue.
Now let Us examine whether "thc ordinary nn-
nual receipts have for the last eight or nine years
exceeded the ordinary annual expenditures. We
commence with $780, and it appears from the Au-
dor's report of that year, that the annual cxpcn-
durc was sos ,OGG, 2s, of which S5,22l SO were
applied TO the School fund, thus leaving the ordi-
nary expenditure at $40, ,95. The amount Of
receipts into the Treasury that year, (includina
balance in the Treasury at the commencement Of
the year Of 7,sO9,S2,) was SIS, 100 SO, leaving
the amount Of receipts SOL ,3jO,sl; Of this SUN
S5,535,25 was received for the School fund thus
leaving the ordinary receipts of that year nppca-
bic TO the School fund, SAT ,sl5 Sc, showing an
excess Of expenditure over the receipts Of 80 ,O29,
80.
In 1881, it appears from the Auditors report,
the expenditures were s;62 1878 80, Of which So
$4,000 were applied TO the School fund, leaving
the ordinary expenditures $50, 292 80. The amount
of receipts (ncluding the balance of "a ,O0i 3j
in the Treasury $77 1852 ,O5, leaving the actual
receipts of the year S72 1913, 10, of which slo,-
1871 80 were received for the School fund, leaving
the amount of receipts applicable to the expendi-
lures $62, s4G,7I, and balance in favor of the
State of 50 ,553,sl.
The Auditors report for 1882 cannot fnd-
Blu, in 1888 it appears from the report, that the
whole amount Of expenditures was S7s 80, of
which 81 ,23S,7 were applied to the School fund.
aud sA46,ss to the Safety fund, making the balance
of ordinary expenditures s67 81. The whole
amount of receipts for the same year Ssi ,063,-
So. in which is included the balance in the Trens-
ury Of Sl5,55s,3l, cash received for Safety fund
| S446,sS, and received for School fund 1900
90, leaving balance to apply to the expenditures
Of the State Of S55,0iS,i6, making an excess Of
expenditures over the receipts Of the year Of S23,-
s15,43
10 1884, the amount Of expenditure was per re-
port $50, 1893 AZ, which Sc, $50, rs were applied
to School fund, and sl3,25 TO the Safety fund,
leaving for the ordinary expenditures Of the State
Ds1 ,o2. The whole amour, Of receipts was