The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-08-12

OuCu - the HuU OF DOfTOWiHg ah BaluIouo auu
sHinous process, both to individuals and to na~
tIonr!F So, set il down st els. 5000
Toe re-issuabty of above Elk millions of
Treasury notes. which the act of March per>
milS. and which the dominant partly utterly re-
fuse to give up, is another provision for bor-
rruwing money TO that amount. When il waS
seen thatthe loan bill, in providing for a de
rect loan Of twelve millions, did not repeal the
7Te-issuabiisy Of The six millions oi those notes
which may lawfully be Te.issued during tho
whole year, constituting 90 indirect loan 10 THE
amount; when this was seeo. and the Senator
from Arkansas Mr.. SEWER wss the first to
discover IT, the omission 10 msae the repeal
was looked upon as an oversight-a mere in-
adverleoce amendment was immsd-
saiely Offered iocnre the defect. What was
our establishment 10 hear il avowed frem the
other side lhA, this commission was no mistske
that ths ro-issuabiliry ofthese notes was sd-
hered 10 on purpose and they meant to re-s-
que the notes! This singursr aVowGl prOdu-
ced the indignant and burning denunclalions
and remorstrances OF the SeDatOts from New
York and Pennsylvania MeSsrs. WRIeHr aad
BUCHANAN which electrified this chamber on
Saturday evening: 1t brought many Senators
to their feet. ItfilIed US all with smazarneut.
We demonstrated TO them that this omssion
made tho loan eighteen millions instead Of.
twelve; that it took US oil by suprise; and vs.
besought and obtested them 10 give il up. All
TO no purpose. They declared 'he Adminis-
traIiou would not use il. and begged 10 have
confidence. We replied that II was a case for
law, and not for confidence; and adhered to
Cur pbo 81 an1
We 'osi it--taken in On ISi committee. and lost.
Then we took iiaga,n 10 Senate. and lost il q
sscond time; each time on yeas and NAYS. Tho
new Administration, then, rstains the power
Of re-issGing these six millions: they retain
the pnwer OF effecting an indirect, loan TO ths,
amount; and. therefore, we charge them with
~. So set down six millions on that head. II
they objcc, to this, lei them now agreo TO TIM
repeal, and will expunge the charge. LIT
them speak outnOw, and stop the cbsrge. 1
paass2fw reply, (Afer waiting some in
stsuts, aud no one speaklng) Mr.. b said:
Thc proposition 10 not accepted; the repeal is
not agreed to, and tho charge s,snds. This is
elk milliOns n,oru, and the nterost upon ii at
five per centam is three hundred thousand dol
1ars. Set II down, s6 100000.
eg The next effort Of the new administrators TO
provide ddi,ioua means for themselves, is
the new tariff bill which is already -un its pas
sage inihe House Of Representatives,. and
WHICH 10 TO impose twenty per centum ad vdl-
0rem on all goods now free Of duIy and to
false 10 twenty per centum all dulles now be-
low that amount. Not satisfied with the di-
rect loan Of twelve milIions, aud the induect
ono Of six miiliohs in the reisurabfl'ty Of re-
deemed Treasury nolss; not content With these
Two loAus, these economical men 60 to work
to isnpose new tariff, and to-leVy duties on
Dssr aixiS sai,;ions Of goods, either free OF this
time, or paying the moderate duties of s, or
10, or l5, efcentum. This new tariff bill is
10 impose twenty per centum on all such a't
clea. This-wi probably yield the Fise sbrut
twelve millions OF dollars; but lhatis lar from
being the sum wachihe people will pay. The
merchant who adSauc the duty 10
the Government, will have bispreft upon it.
Every intermediate seIler--every retail dealer
vii! also have bis profit, and lhe?iax 20 on
until lhe article reaches .he hands
Of the consumer. The off :ers who collect
the duty will have their compensation; and. in
addition 10 all the under the d6 Ualorem sys-
tenn, which is thus to be rendered universal,
numerous frauds will be prtctised upon thu
community. These tems will ipevitabIy add
fifty per cent. TO the duty; that Is to say they,
will raise duty Of twenty por cert. TO at least .
thirty; and will raise The fourteen millions
whch the Government receives 10 al least
eighteen. whichibs people haVetePsF; to say
nothing ofihe incidental Injury to their foreign
trade. So, ssI this item down at Sl8,000,-
600. as
Sir, do not 60 into the merits Of this new
arif bill; il is not yet before the Senate, and
il would be irregular to discuss its provisions.
Dr its character while before the other House.
u IS fair, however, TO Boiice it among the mea-
sures Of the session, andio consider it asa
part Of the burthens which the new Admlnis-
Iraton have brought upon the people, or at
tempted 10 bring upOnthem. A new ialfl, so
brought forward. and so sweep
ing and uu,versal 10 its applications Every
ihleg iaxed.--Rstbi0g epsred- not even the
neecessaries oflife--and the rule of fifty years
oserSorne at once, by which discrimination
bad been made between luxuries and necces.
sarIes, and graduated duties had been mpos-
Cd, descending througbihs reduced scale OF
hiseen per eenlum, and terminating with A
goodly net o. stiiclcs entirely free. This has
bsen the policy Tor fifty years--eset. since the
sttatlif act was passed. 10 1889. Now all
this is to be reversed. Every thing Is TO be
taxed-nolhing spared. Tea aud coffee. now
iraa. are To he ethiocfad IN d,,.,