The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-04-01

% q iIsssaTy nose. btcngss I sm op.
passd - he emission abd eiFeulsiion q
IN pspeF moasy - . currency WITCH has
not specie hssis eel apart Cor iss sedsmp
lien: sad bersnss lhsy eonEseird pnhlie
drsa q inisfsst 20 ahsa amo9ml. wiahesl
he people 81 shsi ireis bas arr
islly and sisinssnusssly eoncesled he
truth lrom he honest ax payers. Who bad
hat sssy isa millions Of dsbt 10 paw.
Each treasury nois 10 The seknowlsdg'
neal ed ssidsnce ola public debt for lhs
san doe "a is face. iuss % q q .srs .
aeae &C bad given car 80 much mansv
lasned. and 20 Be paid widh inserest here
an. The adsoesiss Of ifessery notes %
carefully and slBdloDsly avoid lhs use Of
ihs waras ioan and t0r0r. as Il lhsy
~onld burn shsir mouIhs. II they would
use language - plain a. shs'. the people
wnuId Il oaes Gee II ~ss public drbs.
aud crested lien and mortgage on ihs
industry and property Of the taxpayers.
Wheaeser caagress imposes duties. os
eaaifsels . debt. they should immediate
" infarm he people Of their legal l'ablll-
iiss. thss they nav. without surprise or
sacrifice. provide The ways and means 20
pay The publie debt. This treasury note
system began Tour years since. and sc
were then told by The trends of Mr.. Van
Buren,. /. This 10 only temporary mra
snry Tor nns year. and no hunger. 10 anti.
ripsie the aeeruing revenue of ihs Gov.
srnment." The treasury nnles were lsu
ed. and The frsi yesr expired.
Then The friends Of Executive exper
imen,s said. Wei. now. just try Ibis
treasury note bill'one single time more.
and M longer; - just the once" The par
" passed IL aud uied o once. tsice.
thrice. and The fourth year Of Me. Van
Buren's administration; and every lime u
passed. u wss called /. a mere Temporary
measure lnr one year, and ma longer. :"
anticipate The revenues OF The govern
msni. and 20 avoid a permanent public
debt" Nnw. 1 desire % know. hOw ma
nv lempofsres does il require % make
one permanent Where dnes temporary
end and permanen, begin! The bali ].
often presented. while the hook 10 rare
fully roneeslsd. Some polincisns are
too pal,i,e 10 call things BY their proper
nsmes. The temporary treasury note
syslsm has been par, ol the permanent
palicy af Nc. Van Buren's wholr admin
isirauon. No treasury mole was issusd
Tor less sum Than $50. They eoas,iin-
ted currency for the government, and
wealthy men only, while The lsborer and
ponrer class Of society rarely ever saw
or used . treasury noie.
l think there are no equal rights in
such partial legislation. The larger por
uon Of everyday business contracts ..
mong working men are for sums less
Than ESQ; end those who constitute the
bnne and siaew OF The country. should
have - sound and good currency Is
those who sci sll The day idle.
The public debt, growing outof the 70.
maineer .. wssso'y no,es now due. and
other legal lisbilules 81 part Transactions.
Tor which The next Administration will
have 90 provide. 10 addition % The cur.
rent ex Dendrures 81 the Government. are
variously esiima,ed. IRON ten 70 twenty
|millians OF dollare.
Thus. you perceive, General Hsrrt
sons Administration will come into ex.
',s,enee si,hou, sufficient money on hand
10 pay The annual expenses of Govern.
m'nt. and with large pre-sxlsting debt
contracted BY the preceding Adminisira.
tim. How 10 this heavy public debt 20
be paid! That 10 the impnr,snt question.
To resort n d,reet taxes in tine of peace
is unw,se and oppressive. To borrnw
money is but temporary relief: Tia,
might change he liability. but would mol
exungalsh The obligation and pay The
debt.
Atpreseni. our public money is chiefly
raised nv duties imposed on foreign gnuds
impor,ed into Ibis couuuy. La ih-I way,
those only who purchase goods pay il
proPor.iun TO the amount consumed 81
duusble articles. BY The Comp,omrss
Act. which vas passed on the 81 o.
March. 1888. the revenue arising iron
The Tariff. Tor duties LAID on Inrs,er
gnnds impaired. wa. gradually reduced
from the high rsies III SO and 40 per cent
unnl the Isl OF Jolly, 1912. when n,
duty on any article should exceed 20 pc
cent. al valorem. By the operation o
that Compromise Aci, in the next IL o
l6 months. the Government will los,
about five millions more Of its revenue
90 thar we have a descending revenue
and an ascending expenditure. Our mean
are becoming smaller. and our debts az
brcom,ng larger. We must do some
thing 10 free ard exlr,cate ourselves iron
tins heavy public debt. The quesun
snil recnrs. what IS the righIful remedy
How can the necessary amount OF none
be m"stroavenIrniIy andleasi oppressive
~ raised 10 pay The debit The Con
psom,se Aci imposes duues mainly o.
articles Of necessity. leaving many sf,
cles ct luxury with very small. or n
duty at all; so that The industrious labor
ing man pays his tull share Of duues Fl
1 fara.A fs. f.aVora,nant .nnr ,lt ho anr