The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-04-05
OPINIONS OF THE PRESS.
From the N. Y. Journal of Commerce.
THE PRESIDENTS MESSAGE.

The President has done his duty-now let Con-
press do theirs. He has made known to Them in the
most formal manner the wants of the Treasury, and
suggested means for the supply of those wants. II
Congress disappoves of his suggestions let them de-
wise some other mode of replenshing the Treasury !
but at all events let il be DONE and done immediate
ly, that the public honor may no longer suffer. The
measures recommended by President Tyler, are In
effect these,-that the restriction be removed which
prohibits the parting with Treasury notes at less than
par the extension of the time which the $l2 OOO,-
900 loan may be made to the repeal Of the Land
Distribution act the increase of duties on Imports
and the establishment of an Exchequer Bank he
repeal of the Land act, we think, is obviously de-
manded by the present condition of the national
finances With empty Treasury, eighteen mil
lions of debt and Treasury notes lying under protest
for lack of the OF redeemlng them, 1t is ridcu-
lous talk about the distribution OF surplus revenue
The fact Is, have no surplus revenue; and are not
likely to have The surplus which we once did
have (say in 1885, was, in opinion, great curse
to the country by encouraging the States to plunge
deeper in debt than they otherwise would have
done, and by leading them to depend upon the ma
tiona government for the supply of their wants,
instead of relying upon their resources
A new distribution would be productive of SINH
lar results Several of the States do not want
the money and some that do want 1t, Lave
refused to receive it, believing the act which
makes the appropriation, unconstitutional. New
York will probably soon be added to this num-
have reported resolution insIructing our Senators
and requesting our Representatives in Congress to
vote for Immediate repeal of said act, which they
say is liable to many constitutional ob]ectlons,-ls
centralising and consolidating in its tendencies cor
ruptng to the purity of national legislation de-
grading and demoralizing to the State governments
destructive of efficiency abroad, contingent and
unjust in its operation certain to result IN debt and
taxation, and in truth productive of an nhnlty OF
evils. The repeal of this act will relieve the Urea
sury to the amount of three four millions annually
Then put on duties enough to supply the deficiency,
be the same more or less. five cannot pay our cur
rent expenses in time of peace what should we do
in of foreign war;
The President is of opinion that " in the exercise
of sound discrimination, having reference to re-
venue, but at the time afordng Incidental pro-
lection to manufacturing industry,
duties articles of importation will have to be
advanced above % per cent" Well, be it so. The
people will readily pay whatever may be necessary
to meet the wants of an economical Administration
and if discrimination, to some extent is found expe-
dent they will not object to that But pay duties
merely for the sake of making certain persons bust
ness profitable, is what they will not willingly con-
sent to.
1t is to be hoped that Congress, having wasted so
much time upon trihes will set about the real
business of the session, first providing for the mme-
diate wants of the Treasury, and then making ar
venue in time to come.