The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-08-18

isidsrziiua, be erFr eKpealfri an4 1sfss
ssry, q i precisely such acsse 8 ne Pre-
sent
On ne sahiecf Of distributing The pro
eeeds ofil.e sales o. he pnbiielaDdsr IN he
existing stale ofihe hnanees. iihas been nv
DUTY % make kaoun my settled comic
lions on various occasions daElng tile pre-
semi session Of Congress. Al ihe OPEN
ingof the extra session. uPEsrdsoiiuelre
manlhs ago. sharing fury IN me gene
raj hope Of returning prosperity and ere-
dii, I recommended snrh . distribution;
bu, tlaf recommendation was even Ihen
expressly coupled with The eoidliisn that
the duties on imports should not exceed
the rate or 20 per cent. provided by me
compromise art OF 1899. These.hopes
were not lille encouraged and these
views strengthened BY the report 81 Mr..
Ewing. tLen Secretary Of The Treasury,
which was shortly thereafter laid beibre
Congress, in which he reeonaended the
imposition Of duties al The rate Of ~ per
cent. al roIorem, on al free siiicles,
with specified exceptions. and stated. +" IL
this measure be adopted. there will be re-
ceiyed in the Treasury from customs, m
the last quarter Of The present year.
tIs4I,l s5.3O0.OO0; in all Of The year
is42. about SO, 500. 900: and in The year
lsl3, after tie final reduction Under the
act of March 2. 1883, about s20.s0O.
OOO;" and adds, " il is believed that alter
The heavy expenditures required by The
public service 10 the present wear shall
have been provided Tor. the revenue
which will accrue from Thar or q nearly
proximale rate Of duty, will be sufficient
TO defray The expenses Of tho Govern
meni. and leave surplus 20 be annually
applied 10 The gradual payment ofihe ma
tional debt. leaving the proceeds Of the
public lands TO be disposed OF as Con
gross shah see fit ] was most happy
that Congress, The time. seemed entire
ly 10 concur in the recommendations Of
the Executive. and, anticipating the cor
RICHNESS OF lie Secrclary's conclusions.
and in view Of an actual surplus. passed
the Distribution act Of the 9Th September
lski, wisely hmiting is operstion ~ iso
conditions. havingreferenee, both ofthem,'
to a possible stale Of The Treasury, diffe-
rent from that which had been anticipated
by the Secretary Of the Treasury, and TO
the paramount necessities Of the public
service. II ordained that, .if at any
lime during the existence Of Inst act,
there should be IN imposition OF duties
on imports inconsistent with the provision
Of the act OF The I'd March. 1888. and be-
yond the rate OF duties fixed by that aci.
10 wit. 90 per cent. on The value Of such
Imports or any Of them. then the disiri-
button should be suspended and should
continue so suspended until that cause
should be removed" BY a previous
rlause il had, in like spirit of wise and
cautious patriotism, provided for another
rase in which all ara even now agreed
ihat the proceeds Of ihr siles Of the pub
liz lapdsshagld be used for the defence
nct should continue and be in force until
otherwise provided By law. unless the
United States should become involved in
war with any foreign power, in which
event, from the commencement Of hosii-
ities, the act shosid he suspended ua,ii
lie cessation Of hosiililies.
Nsl long after The opening Of The pre-.
sens session ol Congress, The unprcce
iehsed and extraordinary difficulties that
have recently embarrassed the finances
Of The country began 10 assume a serious
aspect. Ii soon became quite evident
Iha, the hopes under which the act Of 4,Ir
September was passed. and which alone
justified il in the eyes either Of Congress,
who Imposed, or OF the Executive, who
the first OF The two conditions
lnsl reciiei. were not destined TO be fnE-
filled Under Tie pressure. tlrercfore. Of
the endorsements which hasl thus un-
expectefly arisen, il appeared 10 me that
the course 70 be pursued had been clear
ly marked out for the government BY that
act itself. The eosdilion contemplated
in il. as requiring a suspension o( is ope-
ration, had occurred Itbecame neeessa
ry, in. the opinions of all, 10 raise the rate
Of duties uPon imports abo,e 20 per cent.
and with aysew 10 provide available means
TO meet present exigcneips. and to lay the
for successful negotiation
of loan, felt II incumbent upon me 10
urge upon Congress 10 raise the duties
accordingly, imposing them in 4 spirit Of,
wise Discrimination, for The tow- Sold OH
lect Of aiiording ample revenue Tor the
government. and Incidental proieciien 10
The various branches Of domestic industry.
also pressed. in the most emphatic but
respectful language | could employ, the
necessity Of making the Land sales aYails.
bic 10 tire treasury II the basis or public
credit. did moi link that | could stand
excused, much less justified, before the
people Of the United States, nor could |
reconcile il TO myself 10 recommend die
lmposilior of additional taxes upon
HEN, without at tile same time, urging
The employment o( aIl the legitimate
means Of the government towards satisfy.
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