Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-12-07
Very respectfully, yours,
+. BUTLER.

UtlJ w I've, u y OF WINE '''
selfrcspcct. | am, dear Sir,
Very rcspec,fnliy, yours,
Il F. BUTLER.
Fedtral D0pficity-.H eaSnrfs ~ The Extra Session..
We alluded ihr other day 10 the professions OF the
Fcderalis,s when in 4 minority, and their practice alter
they had, by breaking down the fences Of honor and
morality, obtained the power. General Harrison never
uttered 4 more wholesome truth when he reiterated the
remark made b. n Roman Consul IN the early history
of that celebrated Republic, especially when applied TO
the leariless and immoral conduct OF those who de-
fcated the reelection Of Mr.. Van Buren,. The car
dinal measure far the accomplishment OF winch all
their false professions and dishonest contriyances we're
directed, was the establishment OF 4 National BANK.
The very attempt 10 charter sdch an institution al all
was, under the circumstances, \ gross pu5lic iraiu
So great WIS the d,siavor Justly attached 10 the scheme,
that the "Whias' dared not trust the question 70 tie
people. The candidate they selected for the Preslden-
e. vas Il man who had denied the cons.liu;ionaiiiy
Of a National Bank who had voted for the direct re-
peal Of the charter OF a previous one ana WHO
whatever NAV have been their secret confidence
Of influencing his official action on the question
could no, be identified, and was selected because
he could not be identified, with the od'um whicl.
belongs TO The measure. Their candidate Tor the wee
Presidency was 4 man who was thoroughly commit
ted against The project; and his nomination was intend
ed 10 conciliate the "impractcabiilty Of =" Southern
absttac,;onists" on this and other subjects. Through
out the canvass they repudiated the issue on this cues
ton, which the Democratic party from one END VI tic
country 10 the other u:ged upon them-they every
where disclaimed the design al creating such an es'a-
b.ishment, and in the more authoritative maniiestoes
of the party in many States, they claimed support On
the express ground Of their hostility and that Of their
candidates 10 such an institution.
And y hat was their course ofconduct when they Oh.
tanned the control Of the Government as developed du-
r;up the Extra Session, They attempted to establish
the very institution which they had thus repudiated;
they claimed The election Of their candidates as 4 vr
lual instruction by the people III favor OF the measure
10 which those candidates had protested TO be opposed;
and refusing TO submit the question to the popular de-
cision at a subsequent election, they rndrnvored 10 las.
ten the scheme upon the country as a vested fisht,
beyond the power of future representatives oil the pro-
ME themselves. Fortunately their Vaccinations have
been defeated. Tic man whom lhey had elevated 70
the executive chair refused 10 consummaic the fraud,
to facilitate which he had been selected asa candidate,
and the dishonest contrlvsnce oil which he was sought
to be made the instrument, has returned 10 plague It's
inventors.
Subordinate to, and associated with the establishment
of a National Bank were oil the other principal mea-
sures of the Federal policy. Their Bank could mol De
got into operation without an adequate specie capital,
or a public stock 10 base II up N. a specie capitai c"ilu
no, bp obtained and a public stock became The inevitable
alternative Hence The introduction al The LoAS BILL.
To Justify 10 the people the creation Of n pubic
debt IN a time If profound prnce, The existence oi a
large unlauidated debt was pretended, and The , 'cfrta-
~ Of the Treasury (Mr Ewing rcsorird 10 the most ~
traordinary mis.siatrnpnts 10 support tlt bn!d.iacrt nm
IDSlIIIi* ~ Ab1 't'S1
exist, on investigation, nine midions proved 10 hr shr
ava,ls f,hc government stock n the late Y ; bahs,
which had been years before received and used egh'
millions a balance IN the public treasury lust heinrr the
close of Gen. Jacks"n's administration nins mth,'n'
thu amount Of The last quarter Of the surplus revrnu.
Of 1896, which was to have been deposited WIN inc
STATES for SAL keeping, but was arrested ny inc re-
vulsion Of eighteen hundred and thIriy-sfven, ana
consumed in the expenditures "t the G"Vrrnmeht!-
All nf these items we're ransmuted ny thf hnancial
genius of "Snlltude Ewing" and hrs coadjntnrs INTO an
existing public debt And the Secretary verified
his estimate b. another mode of calculation, IN which
he made out The r,qn'rrd deficit by counting te
appropriations of previous years, which remain ufi.
anpIrd. and Tho appropriations nf this year, much 81
winch eill BE- applied in future years, a Existing lnhi.
lil,cs: thus, in fact, comparing The expenditures "f well
nigh two years w,ih the revenues OF one yrnr All
these tricks Of financial lrgerdenaln, however, were
unavailing. The fact was demonstfa.ed, that except
far The expenditure Of four aud a half millions antho-
rized nj The extra session, and with ordinary prudence
IN the Treasury department, there would not have been
a dollars dcfc:t unprorIded for by the previous ."h-
gress.
Sey, in order comes the DrsTRIncrl's Bull, by
winch Mrec anda hat miiions If dollars are TO divided
amonr the States. A necessity, 10 that extent, was
created for a public debt; and I" that extent, practical
assumption Of the State debts effected, as a hast TO the
stock ioal,inr interests and the State Governments,
wh,ch were 10 be relic we'd BY the division among them
ola fund, In replace which, and to pay The expenses 81
the double process pf collection and distribution, thelr
citizens are 10 be taxed.
Last ofall is the REVENUE BILL, which imposes tau
es 10 the amount of sir miRions a year, to meet the
deficit created by the dlstribu,ion, Of three and a haii
miliions-by the new appropriations Of four and a halt
millions made at the extra sessIon-and io' the ultimate
discharge Of the public debt.
Here We have a has,y sketch Of the Federal system
of policy. How will it compare with the loud Proies-
sions of that party pending the last Presidential can
yass3 In the van is a national BANK; introducing
a PUBLIC DEBT; followed BY a DISTRIBUTIONS OF 'argess-
cs 10 the favorile classes, and 10 the local authorities,
and TAXATION brings up the rear. THESE are the inca
sures which constitute the srelief' to the people, ana
for which a change Of administration was accomplish
cd, and an Extra Session Of Congress convened. IS
il al all strange, that with all these evidences Q: ftde-
raj dupliclty-with all these evidences of their incapa-
city to direct the govcrnmcnt-the people should, al
the first opportunity, set their seal of reputation upon
n party guilty Of such excesses' Overwhelming as has
been The defeat Of Federalism al the late elections, our
surprise ceases when we consider the enormi;y OF Their
acts, and the immortality Of the means exercised TO
consummate hcm.-.N. Y. Era.
TnE TARIFF QuEsrIoS-We believe it TO be the
true policy oi all nations 10 permit universal freedom
Of trade. we believe i ito be Tor the interest 81 each
nation to encourage free trade, &c, 50 far as other M.
. ,h, pnl,er Na Iplt,yp tint