The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1841-01-02

Il /
James X. Polk
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The New York Sun, a neutral paper !,
reviewing the Presidents message, has tho
following remarks:
In our financial affairs we have had n
encounter extraordinary difficulties, which
have been aggravated by combination Of
causes, but which would have been entirely
avoided but for one great and fatal mistake
We allade to the throwing away of the sur.
plus revenue. Some called il the dis,rib,.
ten Law, and others the depo.i,e law, !,
was neither. II was throwing awsy nearly
thirty millions of dollars. If the Govern.
meat had kept this amount, or invested i,
in proper manner it would have carried
US safely through all those embarrassnents
which, as every man in his senses ought to
have known, were sure 10 follow that seas.
on Of mad speculation. But there was q
general impotence TO finger the monev and
divide itup among the States. Nobody had
the brazen faced assurance to speak Oh,
openly and say give it 10 the States. No:
Tar lrem II; suc.I measure was considered
too menstrous. l, was deposited, and now
stands 10 the credit of the United States,and
probably will stand SO until toomsdav.
but Tor this piece Of childish nonsense
the Government would have been saved the
expense OF au extra session of Congress:
me issue OF Treasury notes; the paymen, Of
interest on those notes; and tho disgracefnl
ihPutation thousand times repeated of be.
ing bankrupt 1t would also have been in
condition to have exerted more power in
allevIaiing the general commercial embar.
rassments. But none Of these things were
thought OF; the money was souandered, or
deposited, just which you please; and SO.
versly has the country suffered for il. In
addition TO this have been sundry defalca.
lions Of unfaithful officers and unsonnd
banks together with heavy expenses of a
Proracted and unfortunate Indian war.
Notwithstanding all this the reyenuo or
'ne government has been sufficient 10 mee,
sll Its expenses,with the exception of about
Tour millions of dollars in Treasury notes
now outstanding. There is every reason
10 believe that these will be all redeemedbv
proper management in the course of a wear
or two, and that the Government will AGAIN
be left without debt of anv descript;sn
Dsduetlng the amount of these Treasury
notes from the amount of surplus revenue
deposited with the States, il still leaves q
balance duo the United States of over twen-
,y.three millions, which amount honestly
and truly belongs 10 the Federal Govern.
ment.
The President reviews and defends the
financial policy Of his administration in Ian.
guage al once simple, clear, and forci5le,
ihls part OF his message of conrse COM
mands Inc admiration Of his friends and re.
celves the denunciation of his foes. Tn one
point however, all honest men must agree.
namely, that there is great cause for con.
graduation IN the fact that through all the
perplexing embarrassments which the Co.
vernment has been compelled TO encoua,or.
il has yielded to no infraction of the laws
Ia lhis respect 1t occupies proud and dig
niied position, worthy Of great and free
people. ~ ~
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Snow IN MIssIssIPPI.-The Ravmond
Times of the 4th SAYS, the pround wos
~nl;o WIN snow one morning the previous
week, which remained nearly all day. The
oldest inhabitants say that it was The FIRST
lime they ever saw snow in that region in
November.
81 Dtsfress,ng Case.-A Mrs. Ann Oroyd
sdversises in the 81. Louis Bulletin for in.
formation OF her husband, who had prece-
aed her to Iowa Territory. The advertise
aent conveys the awful intelligence that
Iheir seuen children were scalded To death
On BOARD the steamboat Persian, and herself
injured.
IN The State Of New York there are for
y'three thousand eight and sepenfv.one