Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-01-20


as constituting that debt, VIZ;
son the Is, oil January, 1887, in the lrea-
sssury of the United States, including
n,he fourth nstaltnent due to the
estates, a surplus, i',lV9,f'~
Congress directed 80 millions to be depo-
SIZED with the States for safe keeping
2s millions were deposited, for which
sum the tweniy-sIx States passed laws
oblir,ng themselves 10 refund IT when
called for by the General Government.
The Treasury Of the United States hold
the receipts Of the States for the SUM
deposited The revenue falling OIL
thirty millions and upwards from l-3G
10 1887 Congress declined to deposit
the remaining nine millions contem-
plated Mr. Ewing calls this a debt,
and increases il by the remaining eight
millions, for reasons not assigned
Who is the debtor The States who
bind themselves TO refund the deposit
when called on or the United States
who trusts them with their money upon
their executing their obligations 10 re-
turn il To whom Is the remaining
eirht millions due Collected from
The Bank OF the United States between
January /, 1887, and March 4, l3ll,)
for stock which the Government owned
in the Bank. The Bank was the debtor,
the Government the creditor The
Government owes, according to Mr.
Ewing. for its own money collected ny
itself Quure To whom 9,l2i,14I
Treasury notes outstanding March 4th,
iii 5,6l3,5l:
al,ss2,732
have given the Administration credit
from the last item, by deduc,ing from
the amount Of their expenditures and
Deduct Trust Fund, 572,7l;
Being the amount of the debt left by Mr.
Van Ruren's Administration, according
TO Mr.. Ewing See Report, June2
I5JI1 3l,310,0l4
/, is then evident that the debt Of $40 10000 con
raclc and 10 be contracted according to the report
the Secretary OF the Treasury, the first - months
Wing Administration, forms part OF the debt attribu
table to MIR. Van Buren's Administration. This est
mate Of The Secretarys does not include eight mlion
asked for BY the Postmaster General, for the railroad
companies Nor does il include the asked for BY
the Secretary Of the Navy for the increase OF the Navy
estimated at % millions and il is also founded upon thu
supposiilon that Congress in their appropriations, vii
not exceed the estimates Of the Secretary; contingent
CIV not be calculated on It has never yet happened
since the origin of the Government II must be borne
mind that the taxes were increased at the extra SEES
sion ) millions of dollars per anauIn.
The minimum increase Of the national debt accord
ing to the official reports Of the Secretary) for =
months of Wing and years Of Van Burens admins
raton is in proportion 10 time at the following rates
viz: Hhig. Ian Buren,
Increase per annum, 9,021,70S ,4Jo, IA
per month, 752309 I2l, 81:
per diem $500 40Ji
nor hour lU44 l6
Thus the Administration Of Martin Van Buren,, sub
ected TO the expenses of the Florida war; i
millions paid for the removal of Indians and purchase
Of their lands more than IS millions deposited with thu
States; when contrasled with Wing Administration
without necessity for extraordinary expenses, by III
confessions of his enemies they have contracted Sc
of debt in the time that he contracted one. And VIII
is there at all conversaut with the action of Congress
who does not know that their appropriations always
coed the estimates of the Secretary Of the Treasury
Reference to the messages Of Jackson and Van Bure
urging economy and the estimates OF their Secretare
will show that had Congress listened TO their sugges
tons, the Treasury of the United States would nov
have been overlooking. The appropriations OF Con
grcss during their Administration have some years ex
ceeded the estimates from 10 to 20 millions of dollars
The national debt, according 10 official reports
exceed - millions of dollars at the close Of 1912
may be pronounced with confidence that it will be It'll
short of 80 millions, and it will have increased sine
March 4, ls4l, at the rate of million month.
The legacy Of 40 millions of debt, said 10 have bee
left by Mr. Van Buren, 10 the Wings, and fondly
ticpated bv them to have been most deplorabl
reduced upon more correct inventory of The asseis
and is even now probably overrated, the evdenc
upon which it is stated is exclusively Wing.
Readers who are not familiar with Mr. Ewng's Re
| port OF June =, ls41, might imagine that the abov
transcripts OF his deficit and debt burlesqued
must refer them the report itself for their grave
| scrunnlous sccurscv. "A EARMER