The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-06-18


paied 10 accrue at no distant day.
There viii fall due Within.ihe next three
months, Treasury Doies of the issues nf 1910,
including interest about 81 SIS, 00O there
IS charged n The same period for arfearaees
for taking the sixth census 900; and
the estimated expenditures for The current
service are about Is; l00, 600 making lie
gate demands upon the Treasury, prior
to the FIRST Of September next, about s d. ] j
100000.
The ways and means ia the Treasury,
and estimated 10 accrue within the above
named period, consist 81 about 1854 900
Of funds available on The 2eth ultimO al
lpnissued balance Of Treasury notes author
lied by the act.of l64l, amounting % ST
$50 900, and. estimated receipts from alt
resources Of So, soc. 600; making arl agpFe-
gate Of ABOUT $50, $50 600, and leaving 4
probable deficit on the FIRST Of September
next Of So, 845,OOO.
In order to supply the wants Of the Gov
eminent, an intelligent constituency, in
view OF their best interests, will, without
hesitation, submit TO. all necessary burdens.
But it is, nevertheless important to impose
them as to avoid defeating the just expecta-
lions of the country, growing out of pre-ex-
listing laws. The act of March Cd, 1888.
commonly called'the compromise act, should
not be altered except under urgent neces1
stiles, which are not believed at this time to
Eexist, One year only remains TO complete
the series of reductions provided for By
that law, at which time provisions made By
the same law, and which then will be brought
actively in aid Of the manufacturing inter-
ests Of the Union, will not fail to produce
the most beneficial results. Under sys-
tenn Of discriminating duties imposed for
purposes Of revenue, in. unison with the
provisions of existing laws, it is to be hoped
that our policy will, id the future, be fixed
and permanent, so as 10 avoid those con-
J slant fluctuations which defeat the very OBJ
fleets they have-in view We shah thus best
maintain position which, WI. lit will ena-
bic US more readily TO meet the advances Of
other countries, calculated. 10 promots our
trade and commerce, will. at the same time,
! leave in our own hands the means of retali-
ating with greater effect unjust regulations.
: In Intimate connection with the question
: of revenue is that which makes provisions
for suitable fiscal agent, capable Of adding.
: increased facilities in the collection and
J. disbursement Of she public. revenue that it
: may be regarded in great degree as con-
g trolling both. lf paper be used as the chief
;, medium Of circulation, and the power be
II vested in the Government Of issuing It at
e pleasure, either in. the form of Treasury
! drafts or any other, or IL Banks be used as
public repositories, with liberty to regard all
I Isnrpluses from day today as so much added
2 to'their active capital, prices are exposed
e ito constant fluctuations, and industry To-
severe suffering Inona case, political con.
siderations, directed q. party purposes, may
! control; while excessive cupfdity NAV pre-
g vail in the other. The public Is thus con.
e stantly liable TO imposition. Expansions
/ and cOntractions may follow each other II
g rapid succession, the one enCendefin0 4
Z reckless spirit Of adventure and speculation.
/ which embraces States as well as indiVidu.
:, ais; the other causing a fall in prices, and
d accomplishing an entire change in the as
, pect of affairs, Stocks Of ell kind RAPIDLY
4 decline; individuals are n0es, rendering
1t more secure their custody, and consulting
2 true economy in the great, multiplied deli
IS cate operations of the Treasury Department.
s-fUpon such a agent depends, IN an enin.
e ent degree, the establishment Of q currency
e of uniform value, whichIs 81. 50 great I'M
II portance to all The essential Interests st So.
le lciety; and on the wisdom to be manifested
ID in its creation much depends. Sointimate-
% ly interviewer are its operations, not only
81 with the interests Of individuals, but viii
elthose Of the States, ruined and States EN-.
barrassed even in their efforts 70 meet with
~ Ipunctuality the interests on their debts
le Such, unhappily, is the state Of things nov
se existing in the United States
r. These effects may readily De traced L
81 the causes above referred 10. The public
% revenues, on being removed from lie iher
ge Bank Of the United States, under an oFdel
~ lof q late President, were placed n selected
e, State Banks, which, actnaied by The double
2, motive Of conciliating the Government ane
ct augmenting their profits 10 The greatest pos
Of sihle extenh enlarged extfayagansly thei
e discounts, thus enabling al other existing
ey banks 70 do the same LARGE dividend
'ar were declared, which, Stimulating the cupid
y ~ Of capitalists, caused rush q bs mad.
ne 70 the Legislatures Of The especlige State
ad for snpilal acts Of Incorporation hlch. s
y many Of the States, under temporary inlal
lin uasion were readily granted. and thus 81
He augmentation Of ihe circulating medium
10 consisting almost exclusively q paper PIC
e. dueed most fatal aelusion ili0strs
cd tons der red from lhe land rales S &c "a