Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-11-19

Z.
IN his message to Congress in December, 1906 and by
mr.. Madison IN his veto message of the Bank bonus
o passed by Congress and returned with his veto OH
The sd Of March, ISL These high authorities We're
referred to and relied upon by the committee in their
report Neither Gen. Jackson, Mr.. Jefferson Dir
Madison, therefore, can be quoted as authority for the
usnrpation "t the power To distribute.
nat the Late distribution law IS Tariff measure in
disguise, must now be plain 10 the dulles, comprehen-
SION We all remember that during the past summer
tue people were constantly assured, through public
"spapsrs and in public discussions that such not
The designs Of lis advocates, and that such would not
DC It's effect The people then told that the def
cheney III The Treasury, created by abstrac,ing from its
use te proceeds Of the salcof the lands would be sup
ped ny lax on lnxuries, such silks and Wines and
NOT ny lax on necessaries They were told thai no
inan IN Tennessee would be required to contribute
oeTlc dollar OF The million, winch is estma,e,i the
reel oi the State pay annually by means Of an ind
who COR Tariff to the Treasury that the rich, those
were credieu uSuf'es, alone would pay il; aud many
And WHAT rs enough 10 rely upon these assurances
misses baen ner do We see? Is 50. Have these pro-
other Of lLe re,;, ped? The taz bin, which is an
con,ress w yaSnrts of the late Extra Session Of
been Ind moi only on hc Question New taxes have
hut on uecrssarcs also "s silks and other lu1ures
been retained on silt, that a!"I oi - per cent has
cess,y to man and beast Eveie oil indispensable ne
well tel. consumes more or /, in farmers that IL
money.broker in Wall Street Thtr man the richest
in Congress refused 10 make Sat reedefal majority
the tax upon il necessary 10 snppycie' BECAUSE
cy in the Treasury created by the DistrbI dfnc,eh'
lax of 20 per cent is retained also on iro BILL
surar nolasses and many other articles of prn'eei'
cess;iy. A dominant majority in the popular bTa.H
Of Congress- by solemn vote, imposed tax Of ~ pc
ce nt on ten and ccGte also, and IN that form The bll
passed the House. in the Senate these two article"
were struck ont by The votes Of Democratic Senator
and SINAI. portion of the Federal Senator's Mr. Ola.
Of Kentucky and other Federal Senators, recordin:
,ha tll..,n md l.uS
making them free articles. Whilst gems, t"Eo's'
shells ralans manufactured, and ong list OF ar.i
cles not Of necessity left without tax, salt, IRON
SUGAR and long list Of other articles of necessity are
taxed. 1t is striking feature in The new tax bill too
that whilst in the list Of free goods is included most
articles used by the manufacturers such the "a"
material and dye stufs the articles Of necessity, sim
lar to those they manufacture, when imported are tax
ed and the consumer pays the tax-s!Iowing conclu
syely that the two MEASURES The Distribution and Tax
bill, are larif measures and designed coverg 10 al
ford increased protection to the manufacturers At the
expense Of the great body Of The community who are
the consumers.
Bot the alleged deficiency in the Treasury, and IN
the annually accFung revenue, after the Land money
had been distributed aud the appropriations and ex-
pendtures largely increased in ISL over those Of the
year 1870 could not be supplied by the tax bill
alone. A loan bill sf Sl2GD00G0 was passed By the
same reiirf C3ngress funded National Debt is ias
tened on The country in period Of peace And II Is
remarkable, that the day after the Distribution Bill
received the signature Of the President and became
law, Mr. Clay of Kentucky, The leader, If not The dc.
taior Of his party in Congress, gave notice in the Sc
nate that an additional loan Of $lGGG000O would be-
come necessary at The next Session ot Congress- The
annual interest the loan already made is S60OOOo, to
BIZ paid by taxes and IS added IL tie Pcrna!iett annual
charge the Treasury until the debt Is paid II Tie
further loan Of Sl60D0,O 600 be made the annual inter
est on llat sum 10 he paid in like manner, Will be
fh. Ip c for
on the public debt $ i09,O00. This IS another Of the
measures of rciirf o the late memorable Extra Session
Of Congress. The funding system, and the policy 0!
creating large National Debt III time Of peace, was
Of the first questions after the adoption OF The
Constitution upon which the political parties divided
There were those who held then, there are those
who hold now that National Debt is a national bless
ing. This is the English doctrine but is one which
has been uniformly rejected by The Republican party
When General Jackson hrcame President Of The
United States, il leading policy OF his admins
,ltion 10 husband all the resources Of the country
at his command and 10 pay off and cx,lngn;s.l The
public debt which lie found in existence upon his ac
cession 10 the Presidential office. lie was often taunt
ed and attempted to he held up To public rdlcue, by
his political opponents because as 1t was alleged ht
was not pursuing the policy Of statesman Of enlarged
views The advocates Of National debt, knew thai
the existence Of debt calculated 10 enlarge the
power and influence of the Federal Government Gen
Jacksons policy prevailed, and lie had the qualification
before his administration closed TO see The debt wholly
extingushed.
Now in less than six months after the political party
who opposed his policy, not only upon tins but most
other subjects Of general interest, into power wt
sec the foundation laid Tor new and rs there y reason
TO lca: permanent and increasing puzzle dsbl.
In the catalogue Of rtiif measures OF The late Extra
Session Of Congress- follows the bankrupt Law :
This law proy,des Tor voluntary ami involuntary bank
lis practical operation !; Will apply a!'nos
ycusiyely To Tie former class; TO failing merchants
specuiators, and other large dealers and traders
tanks which fail pay Hsr debts are exempted IRON
lis operation under the class Of Involuntary bankrupt
cies-,hns making an Unjust and odIous distinction u
favor of these privileged corporations over 'naivd"as
By the provisions Of the Law, Ike debtor may pay q
all is creditors by oath, leaving his parsners, 'h
contractors endorsers and sGreties liable or TIE deo'
end though he may afterwards become wealthy, his ere
tors or those who have been made poor by having h'
Ibis 10 pay for him have legal remedy or recourse
The orhan children of the creditor, endorser or sccn
ri,v NAV be in pcnnry and want ana LOOK on "iIhn
remedy unon tne bankrupt %ho has Obtained ms als
cf,a1rr IN Court and see hm ~ the iuii shjoyiich
cr ali that wealth or luxury afford. The c5ei'
m,y have been extended upon the character 0! th
debtor for business upon tie known fact that ne ha
an cstat. in expectancy from an ancestor aho ye
when at future day il descends 10 hun, ana ne come
into possession Of il, cannot be renched i'ina
IN. f,,,ber This m,nsurc of rciief merchant sets "
n business lie brings wilh him fine stock oil goods
&
,,,.,rs 10 be full. handed and has money at command
! but whether lie is operating upon borrowed cap'ia
rrol means no ore knows. Alter he IS IN business
.w months, he obtains high credi. in his ne'ghhof
hood, buys the farmers cattle poIk lo'aseo, or e0''%
=, credit: borrows the surplus money OF those Wh
,,, earned by the sweat Of the hTow, who desire
draw interest upon and think il safe in his hands an
,rocures his friends 10 endorse tor hn A'eTa t's'e
converts most Of his visible property INTO money give
il mt tha; he is broke, takes the benefit OF Inc pans
rus law, and pays all his dehs by an oalh and oota
, clear discharge. Ills hidden treasure IS cnnrcae
,on All human eyes bu, his own and he is beyond d,
lection The temptations 10 commit perjury ~'ii
very strong, and numerous frauds vii be ineV''aoic
The farmer or small dealer, residing at distance re
The Federal Courts can seldom if ever avail himself
is PROVISIONS 1t viii operate in favor Of bankrupt me
c,,ans and traders alone, and to The prejudice oil
honest and sp!vcn. merchants, and to The balance
tho community. That there may be some uni'r'nha
cases Of honest who fail in buslaess IS freely CO.
coded Int these VIII rarely be oppressed by the O.
dtors, and ii ever able 10 pay they VIII che'f'u''y
50. world !;
man M