Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-04-29

.. .,oo, esc,uye Of notice receivsd for date and a:s
,te,eu tcai, letcnbc 1'o "th YER ~" reported Oh
I. r r. n:d q. tie - Mach. II hc accpsiag olet''
Thus The amount of he public debt, the Sd Of
.lafeh l.!l Uhe time VIXEN the late Administration
v.pnl ont 81 power.) sS,31J,o19-tPiag less, hy
-C%9 $50 than The public cc5 on The 23d day at last
Dccemhef.
10 Tia, excess This loan bill proposes 10 add eleven
and bali millions be des the po@er 10 fond oui>,and-
mn rrsss,rg notes. The amounts gwen from the re-
po: u ihr Secretary 81 tic Treasury, just quoted, m
eutc IT, whole public debt al the ptrInds iirnionea'
H., u .gatc what Tic d,ht n Tie Inst idmtniatra'
t,on .c %, TIL public debt Ga larch IS lsil, Tue
..ao'~ a:a. an, beng stated Al S-,"'9,C"J Deduct
.-o, s sun: the ..dcbt 81 the corporate cities Of the
District a.: Columbia assumed by the l. B amount
.n- 10 = 10000 AMI the (oldl funded ava unlimited
debt SD, &c amounting III the Whole to Sl," U.s.
ana there remains Co Sol by Tie note appended
=, ,be docpcr i, appears that tie Treasury notes re-
ccycd for futics and arGs subsequent to the 3s' De
crn.b-r J. TO- which not reported on Tor record on
the ID Of iafch, ISL, were not taken INT" account
'rhrsc are estimated 10 be about Sl,o0ouoo, which,
taken from the amount above, would give The amount
or debt incurred thr late Administration, and out
saudinr len they leii Office, s. CO. Gl This rs also
confirmed by t!Ia ilical report Of Mr. Living, late Sc
rrctafy or ,he Treasury, BY whch appears that lie
amount IL Treasury uos outstanding on Tue f'il o'
Starch, i.!l. was s5Cic5I2 As | said on former
occos,nn SINCE the ae Administration created no fund
I'd G,b tie method by which to ascertain Their q I'll
. hp they went OF power, IS to recrr TO lie amount
of Treasury notes ,hrn outstanding laos IS SNOW"
from official documents, beg und the reach oil cav or
contradictions that Ike debt incurred by The late Ad-
administrations and outstanding when they lett "ice, IS
!.,le more ihan five ,li oms and halt oi dollars
S,on after the nrcseni Administration ca Ta lntn pow
or carer 10 carry out their plans, The extra session was
called A. was asserted for reasons principally connect
cd y,,tb t,,. finances IF the county inerc were
Sufficient means provided which, prudenily admins
,a,od wouid nave carried on the Government through
ti. year had not THIS step been taken On The 2ist oil
July i H. bill was passed Tor loan OF twelve mil
lions ,his there have been already borrowed 50
5-1 40 The bill wh,c considering pro-
mise. To render available the remaining So I42, 3i o
the old loan and also 10 provide for an additional LOAF
cf i've millions. By It authority is also proposed 10 be
riven to ;ay interest outstanding Treasury notes n
49, become due and keep them out for md, finite
nerod Suppose the amount thus, 10 be kept OUT eight
,n,ous a Goars tie whole cebt created by this bIi
viii amour, 10 twenty five millions of dollars.
The message Of The President even throws out a
srrrcg,ion that, ew of Tie burdens for which proy
v,soo ia now required To be made have been brought
n,on The country during LIS short administration c1
lis aarlirs" The gentleman from Massachusetts (hlr
Cnshing) has given an explanation Oh tis hen Ger
,ainly never occurred 10 on the perusa Of The
saoc he admits that The debt left by The late A9m
n,sroon was Of sufficient importance alone JUS
fy that remark, h,.. snpposes that line President al
uded other things, among winch vas the reduction
a, duties by the Compromise act. This solution oil the
meaning Of ne President does not, 10 say The least
I 81 i
infested aHy dissatisfaction at the Compromise act
and II that act intended 10 lie designated
.tbe burdens now affecting the country, and no;
caused by ''his short ADMINISTRATOR, 10 Mr. Clay the
blame should be imputed by the friends Of that dsn
rushed parsonage, hm they have conferred all the
credit Of the passage OF that act Yet notwithstanding
the gentleman from Massachusetts, has felt the necess
10 nj relieving the Pr, dent from the charge of ,mput
,or The Debt now sought 10 be contracted 10 the las
Administrations vel another purtinn oi his remarks
he sn, Ike of "iundlng inherited debt ask the
Gentleman from Massachusetts whether this lean bill
only proposes 10 tGal inherited debt, No, SIR; lis
rcm,rks IN defence OF The President show Tia, not lu b.
his opinion.
We have here mos, forcble commentary the
rule winch has been adopted for fixing ue for TAX
,nr bills out of committee and taking the question on
all amendments pending, and which may be offered
| and on the bill itself, ,etthoat d'tate.
| The Chairman cftbe Committee Of Ways and Means
Inns been instructed By hs committee TO withdraw the
amendment nj proposing 10 strike out the additional FIVE
millions Of the oai-which withdrawal is equivalent
To moving an additional amount Ut five millions. Al.
though il is thns proposed 10 add FIVE millions to the
loan bill of las, session, besides tie power 10 keep out,
indefinitely outstanding Treasury notes, this is be
dane without the chairman himself having The power
Ia explain why it should be donc. lie has not
lad the opportunity to make opening speech this
important measure and give his ideas 10 the prac-
,icaauy Of obtaining the loan, the amount required,
sud the why there is 10 DO such addition of
FIVE millions.