Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-02

Now am ri,ht in these in.erences FROM the repor,
ITSELF AMI how much of this saving and reforming po-
ley will Congress approve: That is the important
curry. What did the President, too, think should be
authorized for all these purposes: And what aggregate
do either of them reality you shall nnd tor all
these purposes The country GREATNESS with eA-
pectalion II know sometatn g~ertan and ml'so'r "'
the views of their highest officers such oieh'uS
measure to them and their chdfrn-a measure whlc'
|cer,any tends however designed, 10 mortgage !" p.'
fish capitalists their workshops farms, ana hf.sn' "
ages, and render all mere hearers ct oood d"a 0fa
srS of icater 10 our ancient oppressoiS.
On the contrary, that am reht IN seS!'ec' " ' o
lusiye preud,ce which has been got up against ie PAST
Administration for 4 debt Of forty mons, or even
thirty or twenty, trn smother urse "i teasoh"@'
and little exercise OF plain practical sense, WI! &C.
mons,rate. A nation is Ike an individual IN these re-
specls What is the debt of any man on any gwen day
II must be the amount Of admitted claims which oers
hold against him unsalsfed. But others held against
the L. s. the first Of this year, only about four ana
half millions due Of Treasury notes; and on the 4lh
Of March only between FIVE and SIX millions ahG
considerable portion Of this not payable ti' aho'"e.
wear THIS is the whole mystery and wonder IN nut
she'll Before this wear ends, the debt the existing
appropriations is likely TO be reduced IMAM ~
cieasrd because Of The prior appropriations on'saho'
ing there we.e several millions less, instead OF larger
than in several wears Immediately prnr, and The ex
uenses under them we're satisfied as fully usual, or
YOUR table would have been loaded with the clanorous
complaints Of creditors asking relief lhisis the "hoie
unyarnlshcd taelhc truth, the whole truth, ana no
thing but the truth Stump orators and legislators can
talk themselves hoarse To details, aud not charge
figure Of this result upon general data, lntelsioe 20
the most common capacity.
Much has been SAID of the enormous payments mace
redeem Treasury notes. But that is evidence OF
ample means, IT as many new notes are not issued anu
not Of eSr,vagance IN any case, II The new issues w
not 20 far eyond the amount, redeemed Thus, III The
last four years. If mingng like the Secretary me re-
dempton of Treasury notes with common expenses,
and thus increasing the apparent extravaganza several
millions any body could and would have MADE 'ia'
Administration appear 10 have spent thirty o. iofty
millions more than really did And yet, IN the whole
PERIOD up to the lst Of January. II dad not owe an
Of Treasury notes, for the whole nie oil more
than about four and half millions. The aggregate
has been swollen, merely BY the issue Of new ones ior
old ones in most cases without increasing the real ex-
penses, or the real debt.
Stripping off party Disguise and ignorant misconcep.
TONS such are believed to be the true views OF tins m
teresng subject, subject which, IN tins respect Is
made the theme Of the grossest careessness II not ms
take; and which, By bad juxaPosi"n OF statements,
is omissions and mysticalon has led the Secretary
friends al the country 10 quote hun rs auo
rity for the fagrant calumny his predecessors mat
they have left the Treasury hurdened with deo' %
thirty lone millions at least, il not forty. When, ~
other places found to admit that II IS only aoon.
six millions; and most Of that not due I'LL next year. al
of il temporary; and all OF Il likely to have been eA.
aushed before December, if the conduct ot the htd
States Bank since the Isl of January last had not been
SUCH and with such developments, as TO cover large
portions Of the country with ruin, parayze business
injure American credit for time at home ana aorouo'
and thus reduce largely revenue from oFeis COM
shall next proceed 10 inquire INTO The estimates ano
calculations in detail, BY which the Secretary arrives
the conclusion Of large deficit for the year. ana hen
for the ensuing three months, winch " WAS heeessa
~ to provide for early aud extraoTdinafya man
ner. And first, let ask II there be no important
omissions in the report OF what is useful to decide cor
rcctly in this inquiry, and which ought 10 Dc sup
pied before printing extra copies I'll i, or acting
on lis lamentations. X oms entirely the Stale
ment Of the actual receipts and expenditures o.
the past three months, which were facts ana Ger
tain, and bearing directly On the op'n'ohs tha'
should be formed Of the next three, WINE II com
putes deficit for the next three III mere estimates o
conlectures, which entirely uncertain ~ next
omts any statement substantive and separate OF the
whole computed expenditures under existing appr"pii
atoms, exclusive OF the debt, either for the whole OF
the year S4 for The part Of il after our opponents
came into power the 18th Of March, for the ssn
ing three months These statements would haze been
natural and would have removed much doubt that now
exists this document some oi these important
points Equally useful and desirable would Il have
been to statement of the amount Of debt, winch he
supposes would be due under existing appropriations
the end Of the three months and al the end OF
the year; also in conformity 10 opinions Just express
I'd by me, the amount which he has recommended TO
ne created this year uader appropriations yet TO be
fiscal Bank or ans other object.
why have all these i'm pnrtan, results been lett un
computed and either entirely Omitted or 50 mixed up
and confused with matter, that il would puzzle a
Sphinx to nnIddle them IL the satisfaction or assent
OF every one, OF opponents: III II does mol,
Mill any Of them, or any one Of the Committee ct
Ways and Means, state 10 me what they suppose
hs opinions to be either Of these points
Judging from the report or from personal communca-
ton They are data, much needed to facilitate form
n md saE NJ btS pt
computations None can give them.
Let then examine what have got on the
amount Of those supposed deficits and what appears
be its character whether fully reliable otherwise
Are all the sums which his calculations rest, stated
accurately, BY him and the President the latter Of
taking his data from the former Are there no
material mistakes appearing on the face OF the report
and message in matters connected with the dehcit as
well some of the general estimates and general
conclusions. ! speak not now OF the mistakes per-
haps IN addition IN printing, of quite million IN
two places OF sums repeated and doubled, Tor such
mistakes, before remarked, may be entirely clerical
aphical, and not 10 be treated with harsh
ness But how 1t as other and material errors.
that cannot, the nature of things, have any such
apology and that bear directly on the examination
before US Thus, in the first place, ga page) the
Secretary gives the balance of money "u hand winch
he started with the 18th Of March, aud which IS
OF his prevent deficit tie states u nj
S572,7S; but on the Sd page he states II at Soio,-
SOB, or difference of S74,0oo wnile he gives the
balance TO the President, who says, page 3D. that he
gets It "trom The report Of Tie Secretary ~ Ms Iren
sury, at third amount, different still, VIZ $G43,0O0
Some explanation can, perhaps, be attempted for
of the differences, but II will be rather difficult
show that each of the three different balances mud
all o. them, can be Certainly one Of them,
winch SAID to be taken from the S+crea1ys report,
is not IN the report now, and il cannot be pretended
at any of them relate TO different times, each ex
pressly refers to the lth day Of March.
Again: The Secretary makes III" deficit for this year
most important infuiry-tn be SGooo,ail, while
the President has staemeG, 10 show II 10 be 81 HOO
900, or difference OF S5406,o5o These also refer I"
the same date or period. But i this error be admit
ted, and explanation be offered That the President
meant to include the debt not due TIL another year.
but created in lS4l, and omitted II be properly de
>crhed, then this Will be only exchanging one error
t.: another because the Secretary pronnunccs thai
deb. aud deficit 10 b. $40. c--2i, which, still di
ference OF S6>2,2o from the President The items oi
The President. also, this pont, present stu, third
ror they show drfci, of only S5in,n00 including