Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-04-16
POLITICAL.
From the Giobe.)

THE NEW NATIONAL DEBT.
It time for the people of the United States to wake
up to the danger of the new public debt which the
Federass aege to exist in order to get pretext for
creating it. Forty millions Of dollars is the most
usual amount at which this pretended debt is now sta
ted and il may be assumed that that is the amount
which the Federaliss require for the foundation Of
new National Bank, and the recemmencement of the
funding system among The allegation of an exist
ing debt of forty millions has been regarded by the
public too much in the light Of mere invention to
calumniate the past Administration 1t is indeed
invention, and calumny Of the Democracy was one Of
its objects but it would be fatal delusion suppose
that merely calumny, and limited to the sole
purpose Of njuring those who have been in power.
Very Different and very far beyond these designs, is
the main objects of the fabrication. II TO make good
what they sayto create what they alege to exist-to
build up debt Of forty mlons-that they have ven
tured upon this foul calumny. Like the Federasts
Hamiton's tme whose first maxim was, that public
debt was public blessing, and whose first care was to
create national debt by assuming the State debts
like these old Federalists of the present
day, who WELD the destines of the country That
the people may not consider this pretended debt
empty caumny, leading TO consequence but defama-
ton of the innocent we mean to present them with the
formal account of presented in the House of Repre-
sentatves by the arch Federast, MIR Barnard of Ne
York, and let them that he and his party are in
earnest in their design to saddle these forty millions
upon the country, and that the extra session. t oc-
casion for such work-wil be the time for consum-
mating it. With this vew we shall quote the items
Of this debt from the revised speech of Mr. Barnard
published both the lntelligencef and in the Globe
The following is the extract from the speech, pompous.
ly headed
"statement of the public debt, regarded as ascer-
tanned and certain, existing the first January, ls4l
though the amounts may not be exact:
Treasury notes outstanding, 600
Interest which will have accrued on them, 100000
Remains Of old funded and certificate debt 1856 900
Debts of the cities Of the District of Co
lumbia, assumed by the Government,
without interest, 100000
Amounts required to be invested for In
dams and Indian tribes, at least 1850, 900
Principal sums payable to Indians probably 100000
Amount required by law to make good the
deficit in the Navy Pension Fund, 1900, 900
Annutes to Indians supposed to be $780,
000,) part payable in perpetuiiy and part
for terms of years; the purchase or
palus Of the whole not less than 100000
les. than NsN sle,515,ooo
To this ITO be added the probable amounts
Of Indebtedness and liabilities growing out
OF past transactions, follows:
For claims growing out of Indian affairs
and relations, allowed, and which will be
allowed IN the Departments or by account.
ing officers, probably S2,000,000
For claims growing out of the
Florida war, &c, and which
must be allowed by Congress,
probably 100000
Due from the Government on
account of trust funds, other
than Indian, probably 100000
The fourth instaiment under the
deposite act of 1886 claimedby
the States 100000
There are claims Of American
citizens for French spoliations
on our commerce previous to
1900, quite likely to be allow
ed BY Congress, to 100000
So that the whole amount Of Indebtedness
and liabilities, on account of past ttansac-
tions, was, on the lst of January, 1871,
probably not less than .$36,ol5,ooo