Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-04-09

In 1887, at the called session, instead of
imposing the requisite amount of taxes on
the free articles, according to the provi-
slonS OF The compromise act, what was the
resort Of the Administration To Treas.
ury notes. And the same expedcnt of
Treasury notes was ever since adopted
from year to year, to supply the deficit ac-
crung. And, of necessity, this policy cast
upon the Administration succeeding an un.
ascertained unliquidated debt, inducing
temporary necessity on that Administration
TO have resort 10 the same means Of sun.
ply.
do not advert to these facts with any
purpose Of elimination or rCcrimnation.
Far from it. For we have reached that
state of the public affairs when the country
lies bleeding al every pore, and when, as |
hope and trust, we shall, by common con-
sent, dispense with cur party prejudices,
and agree to look at any measure proposed
for the public relief as patriots and states-
men. say, them that during the four
! years Of the administration of Mr.. Van
Buren,, there was an excess of expenditure
over the income Of the Government 10 the
amount of between seven and eight millions
OF dollars; and | say that it was the duty
Of that Administration, the moment thew
! found this deficit to exist in the revenue,
to have resorted to the adequate remedy BY
laying the requisite amount Of taxes on the
tree articles to meet and supply the dcfci-
Cheney
ishaii say nothing more on the first res.
| olution, because do hope thar, whatever
the previous practice Of this Government
may have been, there is no Senator here
who will hesitate II concur in the truth Of
the general propositions il contains
The next three resolutions al relate 10
the same general subjects-subie cts which
consider much the most important If any
here set forth; and shall. for that reason.
consider them together
The secOn1 resolution assarts---
so. Resolrsd, Tha. such an adequate revenue
cannot be obtained by duties on foreign Imports,
wnhou! adopting higher rate than twenty per
cent. as provided for in the Compromise act,
which, at the time Of it's passage. was supposed
and assumed as ratio tina, would supply suti.
Gent revenue fotan economical administration Of
the Government"
The thtli resolution conciudeg-
! g Fa,ol"si, therefore That the ra;e'of duties
@" 9i'S" imports oy-h. TO De 4Ag heated beyond
! the rate .. twenty peg cent; 20 is /, produce
/ net. Tessnl. .: .woniy.s;1 million, Of dollars
! .w"p;y t~o i5t ;i.e -rdn,ry expenses OF Govern
m.nt, two for ne payment Of the existing debt,
ard TWO millions as reserved fund for contin.
genties.
The fourth resolution asserts
81. ReSo'rcd, That in the adjustment OF a tariff
to raise an amount Of tweny.six millions Of rev
enue, the principles of the Compromise act gen.
orally should be adhered to; and ln4t especially,
maximum rate Of ad valorem duties should be
established, from which there ough; to be as little
departure as possible"
The first question which these resolu-
tons suggest: What should be the amount
| Of the annual expenditures of the Govern.
men! Now, on this point, shall not at
tempt what is impossible. to be exact and
precise IN stating what that may be. We
only make an approximation. No man, in
his private affairs, can say, or pretend to
say, al the beginning Of the year, precisely
what shall be the amount of his expenses
during tie year: that must depend on many
unforeseen contingencies, which cannot,
with any precision, he calculated before
hand: all that can be done is To make an
approximation To what ought to be or what
may be the amount. Before | consider
that question, allow me to correct, here, an
assertion made first by the Senator from 8
Carolina, (Mr. CALnouN) and subsequently
by the Senator from Missouri near me.
(Mr. LINN and | believe By one or two
other gentlemen, viz: that the Wing party,
when out OF power, asserted that. if trus-
ted with the helm, they would administer
this Government al m amount Of cxpendi-
ture not exceeding &I3,O0O,GOO. hone,
II such an assertion was actually made bv
either or all of these gentlemen. that il will
never be repeated again withou, rcsorting
to proof TO sustain it, know Of no such
position ever taken by the Wing party, or
by any prominent member of the Wing
party. Sure am that the party generally
pledged itself TO no reduction Of the pul .;c
cXpcnses-nOuc
And again say that trust, before such
an assertion is repeated, the proofs will be
adduced. For in this case. as in others,
hat which is asserted and reiterated comes
al last to be believed The Wing party
did promise Economy and Rctrcnchneni,
and trust will perform their promise.
deny I'm no offensive sense) that the Wing
party ever promised TO reduce the expen.
ditures of the Government to thirteen mil
lions Of dollars. No; but this is what thcv
said: DHring the four years of the Adj.
minisiration of Mr.. Adams the average
amount of the public expenditure was bot
thirteen millions, and You charged that Ad-
mlnstration with outrageous extravaganza,
and came Yourselves into power on prom