Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-07-26

are Of the Uaii@d States, ADra 0
/ 1872
(COntiaued.
2. Again: whether pied gsd or not. n,
suspension now will convince the worl.
that We actually possess, aiid not merel,
hope 10 raise three OF four millions nor,
10 aid 10 paying ihs interest and princi
pal ofthis loan, with our other large ex.
penses. That alone, independent Of the
pledge, is most conclusive argument il
favor Of doing il now, before The loan il
thus into the market.
Ia this view. the pledge Of tho customs
already in The bill isnot worth biscuit
tits nothing ofreyenue, or ability, Of
means. which is new and additional lie
the land recalled. tits merely transfer.
ring from one box OF column, the same
sum iolanolheF box or column, but adds
not dollar 70 our ability. Il is only a
new promise TO strengthen an old one
or paying an old bIoken promise BY
an empty new one Of similar charac-
ter.
All khUw, and feel, and admit, thai va
have failed TO get the moaey without the
possession ofihe land revenue WAY,
then, will not all now restore it in oldsT
10 see whether we may not be able as we
formerly were, to o6tainlOa readily moi
only for six per cent. but Eve and four
and half, and that for snort terms in
stead Of the long aud losing one of twenty
years The probable revenue lrnm these
lands would alone pay six per cent. inter
est on alnan offfjy millions OF dollars
aud would extinguish in foufor five years
tho whole ptmcipal'as well as interest o
this proposed loan.
IL, as the Senator near me Mr. Ar
cher asserted, The Treasury is now ark
as sand bank by the siroccO misrule o
the past Administration he really be
lieves ths--when he left il in high cred
it, its notes at par, and all its debts pune
tually paid, why was it made more bare
by the acts of this administration las
summer, gIyingaway three millions Of
our former revenue, and increasing ex
penses four or five milli0us a yea. and
when the naIsedness is now disclosed 10
every eye--howeyer shameful and how
ever produced--why will be not Join with
US in restoring what the Treasury has
been stripped oi9 And why will he 30,
do j, now, forthwith, when most needed,
and when its possession will add MIL
ions 10 the county in credit aud eapi.
talY appeal 10 his patriotism and iudgr
ment, as well as bis common sense aboul
this, against his preconceived opinions OF
sudden impulses.
8. This view Of the subject goas faI
deeper, wider, higherthan the question
ofmers collateral security. 1t involves
an addition OF increase of one fth to ouI
whole present revenue. Itis, in part ac-
camplished forthwith.
Ii SO isrrelieves the banks from dan
ger of suspension, by having their depbs
lies Withdrawn 50 largely by capitalists Ia
king the loan.
Il leaves more money 10 be loaned Il
merchants and others, as we'll as exempt;
them more from forced collections By
banks and capitalists 10 procure tnonel
TO invest ia the loan. Il also less iRiurei
present stockholders, and less defeats al
The hopes Of other borrowers.
Once more. Il does nnt depend, lik,
other resources, on future legistion, 0
future imports. Of the chances Of trad,
and consumption. Il has not the della!
and uncertainly Of a loan, whichwil
require, ifabrpad, al least three monibs
bui il is tangible, specific, present, aC
ces5ibIe. Some oflbe money is now i
hand, the rest coming 10 daily as wanie
and where wanted. II doss not Increas
the burdens 0fdistresses Of the peOpl
as fuinre taxes instead oft may, but
| paid voluntarily and for substance in n
dturn. Ailthis, and much more ofweigl
goes QUIT the community with this yer
\ bill, and has an electrical effect in insp
ring confidence in your increased abiliu
as we'll as increased prudence. Peopl
see and feel that yoH are resortmg TO
natural source ot relief, and not a harsi
Z oppressirg aud doubtful one in oPposin
) stIll greater taxes on those now so br'
t ken down. It's an immemorial and a'
/, cusloned sotirce Of supply in all our hl'
tory-an inoxhaustble aad rich one,
1 not sdaandered, ard one which has hey
7 ed. and always should help, TO deEraystn
: great expenses which have alone rende
| ed the lands valuable, such as tiie We
for our Independence, the lndian wal
r since and hereafter, the extlngi'sa'n.s..
of Indian titles, all our indian 4Gll'llus :
and the whole sysiem Of c.yll 1oysi. ~.
d ment which insures sales, safety cMl
r, vation. wealth, liberty, and happlas
Il connection with the national 2
main. I,
d amendment proposed merely 70 and
u discharning interest, leaving the resld
1r,la nyneaeds of the pubic lands 70