Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1841-10-21
Total
S133,5OO,OOO

This, sir, is the result of the examinations
which have been able TO make into these fa-
nous new books which the Federaits were to
open when they got into power, and which were
10 separate, as by a high wall and wide gap,
the economy OF the new Administration from the
eXtravagance of the two past. These books
nave been open but few months-not vet half
year-and what are their contents! First:
Iwenty-one millions of dollars, in money or
means, which we lett them for ten months expen-
aiture, and which they declare to be insufficient
before the time is half out, and call Congress to
gether to grant new supplies. Secondfv: One
hundred and one millions of burthen imposed or
attempted to be imposed, upon the people, in o.-
der to raise, by loans and taxes, about fifv-seven
millions OF dollars for the Government Third
r. An annual waste of revenue and means rep
resentIng capital, at simple interest, of one
hundred and thirty three and half millions of
dollars. These three totals make grand angre-
gate OF two hundred and forty five millions of
dollars as the amount which these economical
gentlemen'-these thirteen million men-have IL
sed' orraised, or squandered, or imposed as bur
thens upon the people, or attempted to be so raj
sed, squandered or imposed, in the first half
year OF their reign. They have done or attempt
ed TO do THIS; aud If they have not succeeded to
The extent oil their designs-if they have been
frustrated in part-the praise is ours, not theirs:
Tor our opposition-the Democratic opposition
alone-has checked their headlong coursc and
partly saved the country
This is the view Of the fiscal or moneycd en-
tries which find in these books; but also find
another class of entries there-a political class
which neither time parliamentary rule will
| permit me now to examine. can only group
lhese political entries into single picture at this
| time, leaving the detailed examination which
| they merit to more propitious season. They
| consist Of the whole mass of measures of the old
Federal school of 1901 and 1898, reinforced and
| aggravated by select items collected from the
| Whig times of Sir Robert Wapole. and the HIGH
! Tory times OF Queen Anne. Among these po-
| litlcal entries We find National Bank-national
| debt ational taxaton-exclusive privileges and
monopolies-the funding system--paper system,
and stock jobbing-the union of Bank and State
supremacy OF corporations, and the immunity
OF cTporatorS-c committees on currency, to ban
ls The constitutional currency, and to change our
| hard-money Government into paper-noney ma
chine, to be governed by a Bank President and
MS directors, with their attorneys, debtors, and
| Jobbers--squandering in corrupt schemes at home
! or in subservience to foreigners, the revenue
which should be given to Tie public defehces al
home, and then supplying its loss by loans and
| taxes-assumption of State debts on the demand
of foreigners--London bankers appearing as lob
by membefS in the galleries of Congress--cowar.
dice abroad, tyranny at home-good men chased
from office, bad put into their places--secretc com
mlttees, and vacation committees, to give EN-
ploymept TO partisans, and to hunt up charges a
gainst Republlcans--poltical offences created b.