The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-08-18

become law, and prove 10 be- productive
some lIne would elapse before sufficient sup
port would How IntO the treasury, while, iu the
meantime, lis embauassmenS would be con.
unuaIIy augmented by the SEMI annual drsrri-
button OF the land proceeds.
Indeed, there is but TOO much ground TO ap~
preheud that oven if this bill were permitted 10
become law, alternating as it does The pro :
ceedS OF the land sales, an actual deficit 10 the
Treasury would occur, which would more than
probably involve The necessity OF resort TO
direct taxation.
Let II be also remarked, that SIS E00,000 of
the public debt becomes redeenabIe in about
two years and half which, at anv sacrifice,
must be met, while the Treasury is always
liable to demands for The payment OF oulstand-
ing Treasury notes. Such is the gloomy pic
ture which our financial department now pre-
sents, and which calls for lhs exercise of a
rigid economy IN the public expenditures, and
the rendering available of the means within the
control OF the Government. must respects
fully submit, whether this is time 10 give
away the proceeds of the land sales. when the
public lands constitute a fund which, of all
others, may be made most useful in sustain-
ing the public credit.
Can the Government be generous and muni-
hcent to others when every dollar i, can com.
mand Is nececessay to supply its own wants?
And II Congress would not hesitate to suffer
tie provisions of the act of September last TO
remain unrepealed in case the country was in
Poived IN war, IS not The necessity for such a
course now just as imperative as it would be
then?
3. A third objection remains to be urged.
which would be sufficient, 10 itself, to induce
me 10 return the bill 10 the House with my OBJ.
Jecions BY uniting two subjects so incon-
gruous as Tariff and Distribution, it inevitably
makes the fate ofthe one dependent upon that
OF the other in future contests of party. Can
any thing be more fatal 10 the merchant or
manufacturer than such an alliancel
What they most of all require is system Of
moderate duties, so arranged as to withdraw
the Tariff question, as far as possible, COM
pletetrom lhearena of fpoliticat contention; their
chief want is permanency aud stability. Such
an increase of The Tariff, | believe to be ue.
cessary, in order 10 meet the economical ex.
pend'tures OF government Such an increase,
made in the spirit OF moderation and judlcious
would, have no doubt, be
entirely satisfactory 10 the great majority of
he American peopIe.-ln the way of accom-.
olIshlng measure so ealulary and so lmpera-
lively demanded by every public interest," the
Leg satve Department will meet with a cor.
llal cooperation on the part of the Executive,
This is all that the manufacturer can desire,
md 1t would be burden readily borne by the
eope. But cannot too earnestly repeat,
hat in order to be bene6cialit must be 2erma-
ent, it must command general adolescence.
But can such pernaneucy be iustIv honed
or u the TarIh question be coupled with iaat
'l Distribution, as 10 which serious conflict
Vt opinion exists among the States and The peo.
'e,w which enlIss IN Its support bare majority,
! indeed there be majority, of the two
1ouses of COngress2 What permaneucy or
liability can attach 10 measure which. war
ing upon itself, gives away fruitful source
i revenue at the moment it propos es large
1crease OF taxes on the people? Is the manu-
acturer prepared 10 stake himself and his in
erests upon such an issue2
Know that It is urged, but erroneously. in
ny opinion, that instability is just as apt 10 be
Toduced by retaining The public lands as a
ource OF revenue as from any other cause.
nd thus is ascribed TO constant fucuation.
1t Is said, In The amount of the sales. If
1ere were anything in this objection it equally
PPIles TO every imposition Of duties on i'm
orls. The amount of revenue annually derived
om dulles is constantly liable to change.
he regulations of foreign governments, The
ary'ng Productiveness of other countries, pc.
ods OF excitement in trade, ard great vari-
y oil other circumstances, are constantly
rising 10 affect the state of commerce. foreign
nd domestic, and ofconsequence the revenue
'VIed upon 1t. The sales oil the public domain
ordinary times are regulated by fixed laws,
men have their basis in dtmand increasing
My in the ratio Of the Incrd hnof population
. recurring to the siatistI pnnected with
lis subject, it will be perez ha, fa1aA|
eHod Of len years preceding ls he, avex
90. HT''o'' +
For the increase which took in 1884, :.
and o, we are to look to that Iesoiiar con.
''lon Of The country which grew out of one of
10 most extraordinary excllements in business
% speculation that have ever occurred in the
lslory of commerce and currency, It was
le fiult of.a wild spirit of adventure engen.
cred by the vicious system of credits, under
10 evils OF which The country is sti aboring,
"a winch 1t Is londly hoped will not soon
Considering the vast amount of investments
has