Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-02

ment and those under them, push expenditures faster
than is usual or legitimate, and they probably nave
bpen puscd So during the last three months, or II We
authorize at this session the new expenditures desired
Inv means of appropriations But such IA result as
deficit of five millions IS otherwise mol Hkeiy
and hardly possible by the first OF Sep enoer unless
the receipts are kept down below what natural by not
advertising lands for sale, or, by further measures,
check ing still more foreign commerce and destroy
ing what is left since the United States Bank exPio-
sion Of our foreign credit Indeed the receipts Tor the
three months, ms we'll rs tor Tue year. nave pee"
estimated by me hut little higher than by the Score
tary himself That lltle think he ought IN only or
dn.ry beralty concede under all The circumstances
| Thus he omts near two hundred thousand doiars
interest due from Banks, and about eisn'y 'hou,
sand dollars Tue from the L. > Bank ms ias', y
seems, by an answer 10 our ne" ci''' S"o" ~, ,h -
lifted by some new event ,rumped up since ihe th %
March and the r,srordii0n, suppose, OF ne" Pllhv
Pies winch The Secretary, IN another place, dweiis On
with such compIacency. He may collect ne,'her o
these if he peases not TO do his duty Dut ."ey u'e
all due and should be estimated ana coHeceo, u"es'
| Congress otherwise Directs
! He also estimates the receipts from customs during
the whole year. nearly Ave millions less than Inc os
,nte pent merchants, collectors and subordinate oi
GERS in the Treasury did last December, provided 'he
| Banks resumed, and business took hall the magca
impulse which many of the politicians OF the country
predicted.
limited extent and that most of those resumlnS, soon
after suspended again and have been SO dependent on
the l. s Bank OF Pennsy and injured by her
malconduct as, with thai, 10 blast in some measure the
revying prospects of trade, growing out OF the laws Of
trade and political elections, and TO destroy much
of our credit abroad, wucl. existed last December
Same allowances suggested IN the annual report
n December last as proper To be made III case 81 Inc
banks not rrsuming, though some sangnine politicians
prnfrssed believe that the election alone OF new
President would al all events, act like electricity on
commerce, and swell business and revenue to The
highest pitch.
One OF them and no careless or circumscrbed obser
yer, said:
'srhe fact Of fBaiam Henry HrrisonJ atone
reference the II his Administration, wi
srfig The and happiness y he peps IL
w' hiring Of the Of that long series q" is
FInESCE viii IMMEDIATELY REVIVE crda rn Be re.'osea
H return, PRICES II prcd"ets r RISE amt is
pfope mn ftfl and knOr hi"g
pd acr,s,ng iscr and drurioa they M DC
Speceh ri Henry Cay, At HdHorer, JHiy 10, $50.
| Similar political prophecies we're numerous. But
the election came, virtually in November and Decen-
ber but without any Of the revival in prices the pub
lie had previously been led 10 expect and none of the
new impulses to commerce, from political events, which
had been confidently predicted.
The increase Of Importations would have occurred in
January from the great laws Of trade, whoever had
been elected Pres dent, and il would have been
checked again in February, as 1t was, whoever was
i
as they through the conduct Of The I. ). Bank
spreading ruin for time among many great classes
IN both hcmisPheres Disappointed by the election III
It's promised fruits, and likely 10 be desecrated false
prophets IL pretended that it necessary
10 have actual possession OF office in ali It's ramitca
tons before a millennium in these matters was To be
complete. Then even the sangune hopes as to I'M
ports, cherished in December, would he exceeded
| That, too, has come; Offices nnumerabe have been
seized the spoils of victory, and yet prices
| n busInPsS M hat obstinate about chang.
| ing for the better, and now il Is measures, new
| legislation, which 10 swell the tide of glory, and
work the great reform and revival. Where political
quackcry to end, or how far 70 these topics,
mains 10 be seen; but the measures Of rrief
now be adopted extent desired, not only the
election has been consummaed near half year the
conquered trophies Of Office enjoyed for quarter
of wear all the alleged leaks The Treasury, It IS TO
| be presumed stopped all defaults prevented, and
those magical shyllne new books opened, winch were
effect such miracles finance, think Secretary
ghi be a little more generous IN respect IL his esti-
mate oi receipts Tor the next three months well as
the rest Of the year The President kind enough to
anticipate revival Of pospery though emitting to IN
crcas: the revenue anv on account of IT, and the Secre
tary should assurcdly allow from haia million 10 mil
hon in this year Tor receipts, II he believes
tthe Of The predictions Of those around him. as 10 the
sudden and wonderous increase Of prices and business
which their advent 10 power, and, beside tins their
wise measures, were produce If this increase do
forthwith come, it certainly will not be for the want
OF political power 10 any political objections,
and for of political nostruns in abundance TO cure
ali kinds of evils But It will rather be, because the
u. S Bank like The dying whale or lcvatlan, has, in
lis death furry, wounded or destroyed most OF the Gre
dit and business Of large part Of the country Unjust
be that the gambling sprcuaions and gross OVERHEAD
ing and banking which have led 10 her rum, have
been too deeply seated, too coTnptlng and too much
inrrminged the whole pursuits Of our people, either
have been caused by the politics OF one President be-
ing Democratic TO be cured by those Of another be-
ing Federal.
ITO be coneiuled.)