Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-05-10
Making your nett revenue per annum

Making your nett revenue per annum l0,2U'oGo
And leaving an annual deficit of Sl7,45S 900
Now, Mr.. Chairman, when it is remembered that II
has been the habit Of Wing orators to denounce, win
out STINT the expenditures OF Mr. Van Burens Adni-
nslration, not only profgate but extravaSant, we
can but smile at the cool veteran hardhood with when
those gentlemen refer to those very expenditures thus
denounced, furnishing standard for the future.
Mr. Van Buren, SPENT in 1910, So, 800, and was
denounced for his extravagance. The Wings spent IN
1871, S26 394 9GG, and are, suppose, economical
For the year 1892 they have estimated the
xclusiYe of Treasury notes, at about twenysX m'i-
lions below the mark, 1t they can raise inc
,cind MIR. Clay himself after having declared IN
1870 that third of forty millions enough, now,
in solemn resolution, adopted that extent OF expen'
diture which he had formerly reproved. he says:
90 Rtoe.d terrs, Ta the rate OF duties on foreign I'M
ports ought be augmented beyond Tie rae Q, twenty M e'
produce melt revenue oil i"eniy-SA nions o. ~,
the ordinary expenses OF Government wv" m .h
pay the existing debit ard two millions Us ~
SIR. from all this needless expenditure Of the public
moneys-ths disregard of the planest principles OF
common prudence-what was tn have been eSpccleo:
Increased taxes loans, debt, dscradit bankruptcy al
the Extra Session taxes were imposed to the
amounts of several millions, and loan OF twelve m'-
lions ordered Notwithstanding all which, the public
credit is dshonorcd, and this great Republic IS nnobie
10 meet the demands upon II! Shame shame upon
IT, Ard now to crown the whole the bill uhcer con-
sideraton proposes heavy loan, authorizes Inc oonds
Of The Government be put into the market, and sold
for whatever they will bring. To such dire extremity
are reduced -.
The Secretary OF the Treasury reported the public
debt to be, on The 23d December, le4l $l4, 'o
on The Isl March, 1a42, it is ascertaned 10 have been
g3S exclusive Of the debt for the District, ano
the small amount Of old debt And it will probably ne
near thirty millions at the end Of The year Tins the
road TO ruin, with vengeance.
The prospect is, indeed, most gloomy In recent
message, the President has said
From present indications, hardly doubtful wa. oheiss
will find necessary lay additional duties on imports IN oue
to meet The ordinary current ren,s, OF 'he h Sc
On the 24th March, le42, MI kiVes' W Tue &c
nate OF the United States said:
"What Sir Pres:dert the Notifying situation 70 "neh
we are reduced With current revenue hhni! gym" - 80
half Of The current expenditures OF Tue Gosern', ~,
hes every variety of desperate shirts ana ..
nc Ct tie daily demands OF the pubic service .e"., e
orr assembling the Secretary the Treasury has osrn com
pei Us, again and again. win e o. an
empty and bankrupt Treasury showing r. crr.n ~r,r
amount for each Of tie first quarters oil INC cn,h !eal
And bow have we been compelled meet them. ny ne"
Of the Government, which, as soon a. ey
put ont, though hearing SIX per cent: III -
actually sold learn in OF the Nationa! 'apa az
dsconnt of from three four per cent ~ TIE sdic ac' e
Treasury had fallen due have been proe'eo ~ re,
pcaed Instances, .he public marl Tor ~ III;
yiryy rs we Told, recurring the resI1soy VI
yidual enjocrs having become better guarantee ma" the
credit Of the Government itself And last Though nor 'eas 50
pressing the necessities OF INC .nu
so pecaos III. public credit that have seen the PROPOSE
ton seriously entertained put III. stock OF new loan INTO mar
ket for whatever II will bring. ..,,,,
as this the entertainment nj TO which We were lnveoe
This the consequence Of Wig rule? Far better would
it have been for the country had the reyiled Kepubi'-
can party been permitted to retain the administration OF
public affairs.
During the administration of The younger Adams in