The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1841-01-07

!, months to come. Is it intended then /
e give to the public debt date posterior t
e the 18th Of March. ls4l?
e He believed, he understood well tn
I policy and object of the President an
} Secretaries. They inveigh through ma
ny pages against public debt, becaus
they foresee that the country is to be lei
In condition, the consequence of which
in public will appear to exist after lsM
| Now he would take especial care tt
meet and resist these attempts from what
ever quarter. He would recommend thu
adoption of new set of books: he woull
recommend rest He would see to i
that the outlay, and the debt up to lS4l
and the income up to 1871, should stand
against each other.
! Mr. Webster then passed on to othe,
points. twill be found on the 9Th page
OF the Message that the President who
speaks in such mi,igated terms of Treasu-
ry Notes says they are not vet due. lie
declares,
"ihe small amount of Treasury notes,
not exceeding four and half millions of
dollars, still outstanding, and less by
twenty-three millions than the United
States haze IN deposite acith the States,
is composed of such only as are not yet
due. or have not been presented for pay
ment."
Now, does the President recommend a
withdrawal of the deposites from the
States to pay this debt. or any other
charge on the Treasury! There is no
recommendation of that kind. !fnot, then
why put these two topics in juxta- position?
The Secretary treats these deposites
with the States in the same way. He
includes in his account of, Treasury re-
sources; twenty-eight millions on depos-
lite with the States. Yet does he mean
that they are actually part of the Treasury
resources? Can the Secretary control
those deposites? Can he touch them,
any more than any other sum in the hands
of the States? What is the fair purpose
then of using such language abou! these
funds, or referring to them as the means
of payment? He hoped one day to sec
mode OF stating Treasury accounts plainly
and fairly, and dealing less in forms
and phrases, the result of which is to de-
ceive the country.
Although the Secretary intimates that
there must be an early issue of Treasury
notes, yet he suggests TO Congress to re-
duce the expenditures below the estimate
TO reduce them below the lowest scale!
There is i remark on the 9Th page to
which Mr. Webster called attention.
'But to accomplish so desirable an OBJ
ject, two things are indispensable: first,
that the action Of the Federal Govern-
neeat be kept aoithin the boundaries pres
crbed by its founders
This is indeed an absolute duty-al-
ways pcremptory and mandatory not
dependant on time, or condition. Blu,
what is the inference from the parade Of
this sentiment? If the Treasury be fill
will you transcend your duties? There is, 1
Sir, no difference as to this obligation
whether the Treasury is full or not. We
are not to refrain from coming up to the
constitution by an empty Treasury, nor
to pass beyond its boundaries because the
Treasury is full.
Again, said Mr. Webster, the President
in speaking of the causes of the decrease
of revenue, refers to the REIMBURSEMENT of
two and half millions of dollars of duties,
under the act of 1888. Do we not all
know that there is to be greater relin-
Quishment of the duties this year; aud
next year a last REIMBURSEMENT! And do
we not see that there is case which re-
quires Congress to act wisely and dis
cree,ly to fulfil its obligations 10 the
public creditor. Yet there is no recon-
mendation to lay duties on Injuries or to
provide any other means of obtaining a
sufficient revenue for sustaining the pub
lie credit. The Presidents experience
has shown that the outlay of the govern
ment is beyond its income-that it is al
ready i'll the jaws Of debt--and yet, with
10 recommendation of measures to pro-
vide revenue, the Message contents itself
with ardent defamation agains, creating
public debt!
Mr. Webster said he should prefer that
some better provision. than Treasury notes
should be made for revenue, such as lay
ing taxes on Injuries, &c. &c. And i'll
this provision should not be made, it will
render necessary an extra session of Con.
gress--which he would very much regret
Such an extra session would be very ex-
pensive, and occasion much Inconvenience
to members; and he earnestly appealed to
those who now have the power to adopt
such measures as would relieve the com
ing Administration from the necessity of
calling an extra session.
MIR Wright then obtained the floor
but at the suggestion of Mr. Calhoun the
Senate adjourned.-Balt. Pat.
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