The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-05-27

NSal' AIioN NNdt W on VIII iOE the llltIlg-
OIL of the lmposts caused by the blighting
influence OF the policy OF the Government
cannot be expected to improve, even under
brighter auspices, 10 an adequate amount
without some enlargement Of the sources
OF supply. The ordinary expenses Of the
Government may indeed be reduced BIZ a
more economical Administration the eN
traordinlr, expense OF the Florida war
extraordinary IN every Scnse-whlcb has
been such dram upon the Treasur, may
cease altogether all this may hsppen, and
Yet the aggregate ot expenditures OF the
Government be increased instead oi being
diminished. For not dou5t IS entertain
ed, we presume, in the mind OF the present
Administration, that large appropriations
OF money are necessary for extending and
strengthening the public defences BY land
and sea, and that no consideration Of false
economy ought to be suffered to stand IN
the way Of the accomplishment Of this
great purpose. Such, we know, was the
opinion of the late lamenled President, and
such we believe TO be the opinion of his
successor. Il shall shrink from no pro-
per responsibility attached 10 my station
said Gen. Harrison, two days before bis
last illness, 10 friend with whom lie con-
yersed. :" shall recommend to CoNGREss
large appropriations for the public defea
ceS. If they shall not respond TO my re.
commentators, or shall refuse OF neglect
TO provide the nays and means to carry
them into effect, with them will res, the
responsibility shalt have done mg duty
Believing that this sentiment Of tie late
President reflects the true policy Of the
Government, and the paramount duty Of
+ Congress as well as of the Executive, we
have no idea Of any reduction Of the az
gr,gate amount Of the expenditures Of the
Government. An augmentation Of the re-
venue to some extent Is therefore lneyita-
bic. Whether that augmentation is to be
secured by resort TO direct taxation and
excuses, or by a modification Of the duties
upon imports, cannot be long, If for a mo.
ment, question among the Representa-
lives Of People who are free, and who are
determined to remain so.
A revision OF the duties upon imports,
therefore, with a view 10 revenue, is one
of the mala objects which require the at.
tention OF Congress at the Extra Session.
In modifying those duties, let no preface
be given Tor an antl-,ariii clamor by any at.
tempt 10 force or unduy favor particular
arts or products of our own country BY
high duties or prohibitions Not that IN
Ia Il,
the policy, common 10 all nations, aud not
Incompatible with the most enlarged no.
ton Of ffee trade, of discrimination in "a.
Yor Of American industry. Btit lot iust
arrangement be made, IN which the princi.
pie of discrimination III favor of labor NAV
be sufficiently adhered to, and vet large
portion of cur imports left sufficiently free
ior all the purposes Of prosperous com.
mcrcc.
The third great object which requires
the action Of Congress at the Extra Ses-
sion IS the condition of the currency, and
the questions connected with that most ur-
gent and engrossing interest. The repeal
e The Sub-Treasury act, tia, odious mea-
cure so uaoquiyocal!j. condemned by the
voice Of thoPeople and the experience Of
the Government, would appear to be
thing OF course, about which there can
hardly be diversity Of sentiment. Then
comes the 'exed question. what financial
agent shall be employ ed, m leu 81 il, to re-.
celYe, keep, and pay out the public money
Our own opinion on that subject mas been
too often expressed not to be hnOwn to our
readers. Believing that all the difficulties
aud embarrassments under which the PEG.
pie aud Government have painfully laborcd
including our degraded currency. tluc.
tuatlng exchanges, and paralyzcd com
merce and Industry-haye been the ueccs-
sary consequence OF the unwse policy Of
the two last Administrations, we are Of
opinion that the true preventive Of tna-e
evils is to be found in restoration 81 he
state Of things under which the country
was prosperous and happy before the &c.
ton Of the Goyemment Itself mn le them
otherwise. In other words, We believe in
the eXpndieacy, and indeed necessity, Of a
National Bank, to discharge the donble
functions Of fiscal agent for the Govern.
ment and regulator Of the currency for
the People. This is the opinion of the Edi.
tors Of thus paper, in repeating which now
and here they do not pretend, not beng au.
'horIzeI, to represent the views Of the Exc.
cgt.yc.
That a central fiscal agent, under what.
ever form or modification of its details. is
aecc slry and proper, if hot indispensable,
- the collection Of the revenue and the
regulation of the exchanges Ian essential
element oil commerce. We believe 70 be
the conviction Of nearly every intelligent
person vino has had occasion to examine
the subject 1t all. What form that agent
shall. assume, what offices It shall perform.
by what name it shall be called, where il
shall be located, how governed, sc. con.
sttu.e d mass Of considerations, out Of
winch possibly some central agent might
be devised, and established, free from the
objections Of those who have conscientious
scrap.cs against establishing a Bank 60
nOmiae, and from the objections against