Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-04-15
making The enormoaa

80" 'a,Er,st fo. the twenty years, $l3,.
frr the principal debt by $2,966, POO,
'','"''7 nal end interest together, and we
"' nuter ,his bill alone, ut the end Of
''''" ,tc enormous sum of a'2t ,:css, 200
loan N quick Succession, and TINS has
any ,h,ng else 10 weaken public con
I,r c,cG,t. The people see II is becom-
- loans. And what now becomes
'~' .I,,uc.d by the resolutions debated
,b, exclusion o: the business OF The ses'
.,,l5 rinse the means wi;ain the year
90 ,,r>cs of the wear. Why not proviae
..,n The resources oi the country o"'
,c,a Compromise act, by when Inc o"'
.,tS If foreign merchandise, after Tue pre-
limited 10 - per cent Ana ih're Is
As;fbu,,on act, which contains Pro'i-
never these duties are raised above :" per
.,bni,on of the proceeds of the sales oil Inc
hall cease, so that the money may be
I'm. national Treasury for national pur-
...,4 on,sal 10 the Senator from Nirgn'a,
,bo know is against any violation OF
!, the Land Distribution law, to say
I'LL came when necessity Will be Gre
..h,,, ~ prr cent. /! you proceed with
.r,,,,lur deficits with loans: Never;
s.n~9s Gelici, occurs, another loan is sure
| voul6 greatly prefer, under exist.
,,,ces If money must be borrowed, to Dor
mach as IS necessary for present purposes
... when the money market is depressed,
: interest IS at least > per cent. month,
/ - made for the shortest possible period.
,..nJ,u, merchant 20 INTO the market nj
,o5 contract 4 loan for twenty years: No,
mo me wnnld borrow BY the month. No
.,,old borrow Tor Il longer time 1t he could
Il Aim, which II would not be prudent for .
,4g,lio go. would not be PRUDENT Tor Co.
fr.v.r there was time when short loans
,h,. IS ,lc tune The Senator from
has made some ai!usion 20 retrenchment,
...,,,.,d before the Whig party came into
,bich they have failed 10 perform; and which
= .,,..,ss will be redeemed. Now, ! happen
..o b9ls N lax possession which were
,af Senate, Believe, this morning, which
! so; OF retrenchment is TO be executed
,., and present promises of that party.
ITO raise two new regiments, and 10 organ
.sf horse artillery, aud the other IS for the
q of a corps OF sapPers and miners and pom
ga ms al a time when, according TO the Sc
/ "a Ken.ucSy, [Mr. Clayl two regiments OF
4 ~. b, dispensed with. Now what does the
senator propose to appropriate for The sup
i 50 ,y.o new regiments The fourth section
-ca-es that the sum required TO carry into
collisions Of thus act shall be, and the same
,op-opr,a;cd What sum: Is 1t to he a
ra-s. or i've hundred thousand Now
.5 10 the war preiext for making large and
~. appropriations, winch as soon a. made are
.eaanLerrG away.
i a.. see the specA Of var, when the niece ss'ty
s.,,teut. then We will vote such sums as may
.y Btl, the sYs,em of gong on with appro'
-. and bhndly raising regiments, building ship
, whilst w. have sHps ro,ting IN the dry
70 winch cannot agree with. Is 1t prudent,
l.. say borrow money II necessary, but only
,>y6u actually want, and for period not en-
n.'s wears at iar,hss,. But do not think Of
yol.r l9an TO twenty wears at Time when
Injected to Great sacrifices, IN order TO raise
%, b-,nr in the revenue bill at once, and let
.h,.o.r mans are and compure them with our
i and then make provision for supplying the deh-
Nos | wil give you one reason why the new
/ F.. unused ,a this system Of distribution. The
lie old States ret their hand upon these lands,
! safes need expect no further favors from the
! rs., How has Il been whilst the measure for
.G,on Of the public lands was pending We
a.oas from Kentucky, against donations to
States for any purpose; we had resolutions
III Carolina, against Pre- emption Bills, and
aton Bills. from Delaware agains, grants to
Safes or reduction IN the price; from Indiana
a.ottsts against the reduction of the price other
,-aduate the same; Massachusetts approved OF
i policy towards the actual settler, and liberal
O., towards the Gew States; from Connecticu,
a protest against any reduction of prices and
'snceg Of this common property or any portion
.ag Of the States. THIS is what was anticipa-
the States would consider their property
,,e State Of Illinois, with eighteen millions ol
sutlec; 10 taxation, because they belong to
Axiom upon this quantity of land was permitted
a,..rd revenue Of 5000, 900 n year. And are
d to more favor on account Of this sacrifice:
,-reace to the public improvements through.
l ae. States. Are the L. $, as gre al londed
:. IN equity bound 10 assist the State of Hit
complete the Illinois and Michigan canal
a.s cost the State 50 much) which passes
ae public domain, and thereby increases the
luz domain on each SIDE OF the canal. Yes,
st.uCh bound property holder on stree
20 Contribute 10 the improvement oil sucl
Ha.ch the value al his property Is increased
+ -5, every Senator see In what situation we are
be Land bill: how We axe cripped and bowed
Aa- Il YOU continue this policy, are you no
e: o., AZ interruption to your system, by the
@tlcn the lands lie taxing these lands, ant
| aem FIR taxes: What wilt the U. 5. in suci
WI! they make war upon the new States
no; DO more equitable towards all the State:
,a.s land back, and let 1t remain as common
be used for the purposes Of Government, nnt
g be distributed for the equal benefit Of al
IS What do we get at present, New Yorl
Z ~ five times as much as one of the new
what we get is not worth talking about; i
pay the sixth par, of the interest OF our State
]. Cannot then be considered az very grea
81. ~e would prefer TO have it brought back Il
lna. Treasury: and then we will ask you TO as
carry out those great works of internal i'm
~ which mag he considered worthy 10 be com
] nave sad more than intended, but my feel
TINS subject always carry me away.
~ led tia; Ike people Of the new States car
a,'tl TO THIS mode Of distribution. We are no
y II, and We viii get no more grants for sPe
'r>es We ask that the lands shall remain {
;1rf to meet the necessities of the Govern
20 be Disposed ct rs heretofore, for laudsble oh
he States, the tendency of which is beneficial
/ 'e Uuun
"VJDbt Ky SAID no rose 4 moment 10 set right
! ped forever, Two or three matters OF fact, re
Y Tie Senator from 5. G., Mr. Preston
e.. observed that the past Administration hat
a'-ai wnh recemme ntlng reduction OF th'
.~' 10 twenty millions, after they were ohl'ge'
.R'a4F' and as bad legacy TO their successors
.ae Senator looked at two Of the annual report
He PRESIDENTIAL election, he would find that
Oh 10 twenty, and even eighteen millions, wa
~ congress. He admitted, however, that hl
- never proposed 10 reduce the expenses so low
."H'Ses OF some on the other side, which wer'
sen a'd thirteen millions.
VII " said that the document read by tn,
- 10 $4,000 coo being the average expens'
10 Ha'tn administration, showed on It's iac'
'1i'rE the funded and unfunded debt, the ex
wee only, on an average, from tweniy-scven It
III millions.