Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-05-07

showing that in 1892 the lands creditor IA
tho account Of Sl5 so3,2S0. einco which they
should be credited with at least SD sOOoUoo;
leaving balance at this time IN their favor o.
over g 10 900 600. | am aware that thi7 IS
pecnninry view OF the question: ana Is mere
fore q very narrow one. b., as II ms besn
resortef To by the opponents OF the measure,
have felt Justified in noticing ~. he senator
from New York not having REQUIRED 70 ms ar
oumeat Yesterday take il as granted That ne
abandons il; and hope tie may yet see Inc error
Of some other Of his many positions winch ne mas
urged upon the Senate with all ms accustomed
oraca and ability, and with The same caEdpr
banton them olso. In the account against the
public lands there has been large item charged
for the paid for the exiIEguishmcnt OF The
Indian title. The report 10 which ! have aHG'
det, ia examining the charge jor the purchase ct
Louisiana, sets this matter IN the true light II
charges these items to the general purposes Of
government, in the extension Of lis Jurisdiction
and the benefits resulsiug from the tXtonsipn.-
Did tho value Of Louisiana depend upon thc nam
Der Of acres Of public lands she contained? Ger
taiuIy not! The purchase cheap one, Il
there had not been one acre of public lard &C
quired. Her rivers, her hHroors, hPr lake., """'
above all her citizens, and the extension o. our
jurisdiction over the whole, render her IoYaiua-
bic.
must take come additional notice q the Il
marks thai arc never absent from The discussion
on this and most other suijec IN this Chamber;
that is that have giUen array the land revenue;
that we have already baukrupieG tho Treasury
by il, although every dollar OF the proceeds ot
the sales has gone into the Natlunti Treasury,
and has been used in the current expenditures.
But we have GIVEN away The land revenue. In
deed! Add who are the supposed douees2 The
States. And who the States? The People.
Aud for whose beneiit2 The Peoples. they
are the people Of the Sntcs; and are thew not al
% the people Of the General Government? I n
you benefit tho people Of The States and not hfh-
eft the people Of the General Government, when
they are The same people III It Iho money gees
TO the people Of the States, aud y"h have Ia coli
Isct imposts from the people 80 h.' iae V#eHhHi--
The truth is the people lave under two GpfrFn-
ments, both Of whIch thcN have to support. / ne
State Governments must be supported 10y direct
taxation, the Sttes have no p9~er to levy run
posts. The General Government may be support
ed by direct taxation; bat, as she has tho cohs''
iuiional power TO levy uDPosts Is well as to lay
direct taxes, the former mode - resoFted to. as
every way preferable. II THIS money Is given a
way, il is given to its owners, the People, from
whose pockets it taken and, to say ihG least
OF IL, there is nothing very criminal IN HE mat
ter By tho distribution, those who would pay
nothing in the share OF lmnoSts are haneAicd, ana
their direct taxes reduced IN proportion 10 the
amount received; while imposts paid, III part.
nv the voluntary consumers Of foreign products,
and in part by the i,roIGn producer, and Aneri-
can industry is fostercG by the levy.
The Senator from New York related an incI>
:
DESTROYS to make an investment "a Caltea S'ates
stocks, but refused to do unless these stocks
were secured by some permanent means ut pay
ing the interest. aud alum gejy the principals ""'
the conclusion Ia wh.rb the senator ca3Ha VS..
that the distribution act, or, rs he termed II. ih
giving OF the public LAMBS 20 the States. had d1s
credited this Ci1VCTnmrnt already. D.i IL Uo'
strike the Senator that the same argument "o"e
Civo the States adjlrtoual credit abroad? He
such been the result? Now, SIT, there IS 40 ms
~. al
understand our Constitution ilstas well as sc d.
as TO powers. They know that every ocr'
Of land IN the United States, whether Wild O.
waited, is pledged, through the taxing power
TO mo payment OF the debts Of the Government
That is not the ground Of djstrust- II grows nat
uraliy out OF the fact that they see Nour lreasu
~ empty. They see you resorung 10 every PIT
ifai expcdent for maintaining your credit, day b.
day; they see you refusing to levy imposls srhl
Gent to supply the deficit in the Trensurv; the1
sec you fold YOUR arms and refuse To exercise you
constitutional powers 10 raise revenue, whsle yo'
have foreign restrictions cast into Your teeth VII
impun.ty. | see that am about TO anticipate
part of my argument, which did not design +
do at this moment aud will therefore pass ou.
Let US advert, Mr.. President, 10 another prop
osition which is urged with eqnal force ia ever
debate that arises. The money, Senator.
will be needed for the purposes OF tbo Gcncra
Government. | admit that the proceeds Of tn
sales Of the pablic lands may be needed fer th
purposes of taa General Government; whcthe
they iriH DO needed or not. depends oalIrey up
on the policy that is 10 be hereafter adopted;
sh. true policy shall lac pursued, dpnV the posi-
ton. II the tariff shall be brought Up 20 the pan
Of counteracing foreign restrictions, the rev snl
will he ample for economical admins tra tion
the Gavernment'wuhautt the land toua; and cot
tsad that will he forced to that point, very $50
BY the action and acqaescence Of every lHteres
IN the Union. | appeal To Senators who have I'M
much experience here. whether It is good Pohc
TO have such treasury ~ vii require the exc
else OF the ingenuity of Congress IN get rid
tho surpius2 Blr the money will be needed, -
Senators. Fer WHAT | listened the other da,
with surprise and regret. while an honorable SCI
ator, mir. PREsroN.) who Is constantly urgGn
the return OF the land fund, pointing =
what objects the National Treasury could n