The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-05-27

OpNCfNlHtHtf uSii1tSiiSN pFoslCStlNC
as well as present. third evil is tile
instability Of The policy of the Govern.
ment IN regard to lis finances: the depen.
dence upon eXpedents and make.shills TO
supply revenue, instead Of regulating tn.
supply by tore.handed legislation, 50 that
the People may know what to expect 10
pay, and the Government may know " hat
TO expect to receive, and both People and
Government be enabled to make their cal
culations accordingly.
This specification includes nearly all the
objects connected with the revenue aud H.
nances which viii claim the attention of
Congress at the Extra Session.
The last Of these objects, though proba-
BY rot the one for winch an Extra Session
OF Congress would have been deemed I'd.
visable, is perhaps the most important Of
the whole. Uncertainty aud instability
IN the financial policy Of any Government
are sources Of hell less embarrassment to
merchants, manufacturers, planters, farm
ers, artisans. and capitalists, and hence to
every interest Of the People, as well as TO
the Government itself. They should be
avoided and guarded against by all the
means within the power of the National
Le9slaMre.
-Asnc'.g the causes which disturb the
publr policy is the fuc,uatlon Of the reye-
nue. prInglng from the Public Lands
We have seen the annual amount rise III
one war from less than five millions to
nearly fifteen millions OF dollars, and in
the NEXT year to almost twenty-five millions
Of ddlars; and we have seen the revenue
from the s2me source, within two wears
atter reaching the maximum amount, come
down again 10 three millions Of dolars.s
Upon such a stream capriclously swelling
from rlll to torrent, and dwindIing again
from a torrent 10 a rlii, which at one sea
son IS hardly to be found in It's rocky bed,
and at another floods the plains with ITS
abundance, what reliance can DC placed
TO reInquish tins revenue to those to
whom the National Domain actually be-
longs, Is dictate 10 less OF sound policy,
10 reiereuce to the effect Of such rellnquish-
ment, Than Of strict justice, the right Of
the ihIng belug considered. The dlstrl-
brtion among the several States of the pro
ceedS OF the sales of the Public Lands.
upon the principle Of the bill which was
passed BY Congress several Years ago, and
which was arbitrarily and coniemptuously
prevented by President jackson from be-
coming = iaw, viii, therefore, we trust, be
the fundamental act OF the Extra Session
first OF the series Of measures which IS,
We tondly hope, to make that session me-
morable IA history.
The distribution among the States Of
the proceeds of the Public Lands we have
always regarded as a measure of Justice
and sound policy. Il IS no new opinion of
ours. The measure IS also one which, be-
You'd hOctn'roI Of party discl pllne, We have
seen approved upon its own positive merit,
by almost every State the Union. /.
IS, nevertheless, a grea. satisfaction to u
10 know that this measure. which ma
loFiiy Of the States and Of the People have
always deemed eXPeJlcut as well a. lust.
IS n0w recommended by the additional
consideration that it vii Weld 10 the 10.
tebted States (Bhom the general depression
OF business has involved in the general
embarrassment the means, in part at least.
OF paving the interest upon their debts
until they become able to pay the princi.
pal. aud thus ayerting the otherwise inc
NIiable bankruptcy of some States-a ca.
tastrophe little les. to be dreaded and de.
prccated than the bankruptcy of the Union
and involving indeed the worst conse-
quences which would attend such disaster.
Happy Is It Tor the country that relief can
thus be afforded to the debtor States with
oat a violation Of any principle, and espe.
ciatiy without mourning the odiam attached
to tie idea OF an assumption by the Gen.
eral Government Of the State debts For
tunaie Is t not that, By an act of simple
Inslicei By paying over to the States what
already BY rights belongs 10 them, II il Ia
the power Of Congress 70 DO 50 much for
Tie relief Of the debtor States More for.
tunate suu, that the debtor States can thus
be aided By the 6 sncral Government, moi
only without prejudice 10 the other States.
but 70 TIER advantage, BIZ placing at the
disposal o. those State their proportion Of
the revenue from Iandsl funds which they
viii Re able to employ to the greatest ad-
vantage II purposes Of intellectual or gen
eral improvement
The disposition If tie proceeds Of the
sales Of the Public Lands will place il in
H.. power Of Congres, to lmparl to the f.