Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-01-04
Correspondence sftA. ". Y. .ameriean.l


An early development to-day of one OF the
things kept out of sight in the Message and Trea-
sury budget. The necessity of calling for an APP
preparation for pensions could not be delayed So,
en- the basis Of a letter OF Dec. ], 1910, week be-
fore the meeting OF Congress- fom the Secretary of
the Navy, believe, Tor Of the Treasury, matter
which, to the President, the latter gentleman sends
a special message calling for so 900 and upw ards
for pensions, case which, Il seems, might and
should have been recognised IN the Treasury Re-
port and Message. Moreover, il transpTes in the
discussion Of the subject, that, in 1887 there was
in existence fund Of Sl,l43,000, the interest Of
which was more than sufficient meet the dema nds
OF the pension system previous TO that time, back
10 $500, when the provision was made. But the
operation OF the ne slaw Of March 3, 1887 togeth-
with losses State and other stocks hsd go
far annlhated this fund, that only SIS GOO of
available funds can now be found, with los 600 of
nominal stock somewhere in the West, if Cincin.
natl be IN that quarter Here, then, in a SINGLE
item, is 81 800 000, mora less of debt account
against the United States, not brought forward in
the Report of the Secretary of the Treasury For
a sacred fund having been used up il now exists
in the form of debt. There is Of course no onposi
tion to this bill, but the malicious Wings are too
ready TO torment their neghbors such occasions
Mr. Adams bore down with great force upon those
who operated so much upon himself last session by
what he calls "the screw Of The previous question:
still writing, apparently, under its agony. MIR. A.
never forgets any thing-no, he-and his acauisi-
lions are rare. He analysed this business withou,
gloves and incidentally brought forth some curious
matters. Among the rest, the fact of $500, 600
(mint drops British gold Smithsonian legacy
conjecture,) which had been received at the Mint,
having been ordered five days thereafter 10 Arkan.
sas make a bank, by virtue of leave granted the
President ~. S.) the last day OF a session Of Con-
gTess, in tail tackled TO a bill which must pass
10 loan certain moneys TO the States. 1t was sent
10 Arkansas, 1ss Mr.. Adams suggested, on he ere
Of an election. So that British gold" as would
seem-ht literally, British gold, fresh come-hss been
used by other than Wings to help on an election
Besides, not only this Transaction, but all those of
Government dealing in State stocks, are together
systematic mode Of assuming State debts"-a
policy originating with this Administration and pe-
culiar 10 IT. On the principle Of this loan 10 Ar
kansas, the State Of New York would be entitled ia
$40, 1000, 900, Pennsylvania 10 Sl4 DOC, 600 and q,
on, till all the State debts assumed! The Ad.
ministraiion has sanctioned what it is Mortified TO
think Of, They have done il, too, to make Bank
the horrors OF all horrors &c. sc. Thus MIR Ad-
ans deals with his adversares. MIR A. AYERS that
the Government has no authority to trade in State
Stocks; game in which they have sunk vast sums
OF the public money by buying az a premium and
ceiling at a discount He gave some very striking
instances, showing that to prof. by il they must
needs Garry on large stroke Of busine :" ns the
woman did, who bought her eggs at three pence
and sold them for two. On the whole, money has
vanished, under this reirenehing dynasty, ike the
dew before the sun. Mr. A. gave some pretty
strong hints, that all these matters will be injured
into. IL not this session, the nsxt Congress Now
that he was out Of order he permitted TO 90 on
Not so last session, when be was in order There
fore he avaied himself of the present grace TO cause
certain things TO be read which were then referred
IL was remarkable that he could not get at the do
ings Of last sess on.-Was it the printers ful1 Or
whose7 MIR A. is rather cruel. He prosecute
them with a Ecorching blast.
MIR Wise had his turn, too; but happened, this ms,
20 be somewhat open 10 correction by Mr.. Thomas
OF Maryland, Chairman Of the Committee on Pen.
sons. II was satisfactorily shown, that, in this nf-
far, the fault was in Congress- not in the head of
the Navy Department Congress had ps..sd an
incoEsderato law IN 1887 and such we're ae results
OF Us administration. Mr. Adams minated that
she law was forced through by the previous aues-
ton. and might have been arrested in open and fair
debate. Moreover, i is evident, that a these mat
fers were knOtoH 10 the authors Of the Message and
Of the Treasury Budget Why, then, concea7