Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-07-21
INDIANA STATE SENTINEL.
r-em Me .Ner YORK Ereniar po..

rEcRErARY or The 1REASURY'S REPORT.
so man need mistake Tie character Of Mr. Sec.
lcaf, Ewing Revor'. II h. Studied attack up.
tathe MANAGEMENT OF the FINANCES during Tho al
uins.faiion Of Mr Van Iurcn. dtsigned 10 accom-
Tlsh tVo otJeef htst, TO witty tc eminent men
- " lem that administration was conducted and
sscoud. 20 furnish protonce tor carrying out the
aasitoas funding aud bank policy OF lhc new dy q.
nssiy.
Ma Ewing wshfs 70 impress tho pubic mind
Will he tira that his predecessor ltt the country
Irod.g oasly IN debt. But he only 10 this a,
'he oxpense OF truth as sny one ho VII careful.
" compare hl5 aftiul arrangement OF hsGIts with
tie luminous ffatcmcn' OF hlf. Woodbury., on he
teiiuug on Office, Will have abundant rsason 20
perceive. II viii be found hat II 5Hy part % SIR.
Van Lnfcn's management OF tho government =
eutilied TO credit g. - tho tklli and success lbai
has marked his conduct IA relation 70 Tic enifs o.
the Treasury.
Mf. Van Buren, came INTO Office al period OF
almost uneXampled embarrassment. TIE act for
tAe distribution OF tie surplus revenue, amounting
- tweriy-eigLt millions vac in tho of rapid
sxecut OF about the same lime there occurred a
sioppage o, spece payments by the larger number
OF al the banks OF hc Slatcs the greater part OF
The public money then on hand, was made una
vaishlc BY means ci tie fatal dc rndcnce on banks,
INTO which the government had been brought by
foolish l-g.alafion the collection of millions due
on The tonds OF lnslchanis was suspended and
the sums which would Otherwise have accrued
from tie customs and public lands were enormous
" reduced. Bosides tbs, two large reductions IA
the tarlf OF duties hal been effected by the com
promise act OF 1893, and by laws OF Congress spec
ial excmping certain articles OF import from tor
mcr liabilities.
Such were tho circumstances iha, diminished
The amount aud npeded the collection OF the rev
enue But Al the sanie time, there were cXtraos-
binary reasons tor an increase of cxpendit"res.-
Immense expenses, growing out OF past ransac
tons, were unavoIdably continued, among the
rest, debts incurred in the execution Of Indian
treaties. like the Cherokee treaty, whieh alone cost
three millions OF dollars and Tor the removal te-
yond the Mississippi OF the Seminole Indians. ITSELF
costing more Than fourteen millions OF dollars, be-
sides tic unusual sum OF lhreo millions laid out IN
the erection ri necessary public buildings.
Yet, in the midst OF this uniavOrable condition
OF things. while tho revenues are diminishing and
the expenditures increasing. fiom causes beyond
tho control OF tho administration, We are struck
with this femarkable fact, Every demand against
tho government, foreign and domestic, has been
discharged, " ithout resort 10 the imposi ion OF a
single tax, and without the creating particle OF
debt. 1t - Tact, that most trlumphanily vndi-
Gates Nh. Van Buren, aud hls assistants from the
charges which their successors are at pains TO pro-
claim.
Since the last administration commenced in
1897, the expenses OF each successive year, have
fallen greatly below those OF previous years. Thus,
IN 1855 they were less than in 1887 in 1880 less
than IN 1856 aud IN 1910, less 10y Two millions
than ia 1882 and less by ten millions than IN 1897.
Ect Ar. Ewing rays there will be deficit al
the end OF the present year ol more than twelve
millions of dollars. shTewdy ihtmating the while,
that il Is all owing 10 he extravaganza OF those
who have gone be logc them. Let Us SCI how he
Ii.ke5 -
The balance in tic Treasury, and of outstanding
appropriations he admits 10 bc $50 40 6i6 30
OF tbis there will require for scrvi-
ces of The curen, year 81 900 90
Additional appropriations iol The war
department. e,5si $50 90