The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-06-03
For the Spirit ofMe A-e.
REFORMING. o.---sTATE DEBT AGAI

During the PRESIDENTIAL cOmpalgn, the federal
papers were extremely boislerous in procIalming
the extravaganza of the general administration, and
in imposing upon the people the assertion that we
were already involved in heavy national debt,
and among these papers none we've more loud and
camorous than the FermoRt W0tchmaR, and ma
ny like myscl! were, as it now appears, deirauded
of our votes by this shameful tissue of federal
lalsehoods. But the object has been accomplished:
we have been pursuaded 10 vote for " Tippecanoe
and Ty Ter too" by direct and sheer deception
by the judgement of heaven !" TippcCanoe" (who
was to accomplish The mighty wonders of convert
Ing the very dust ofhe street into cash-of raising
the price of our wool TO 60 cents per pound, at the
very moment of his Inauguration, )hus been remov-
ed,and we have now to rely solely on Tyler too,
who in order TO keep up the deception, has repOr-
ed in behalf of his Secretary National Debt of
| s 900, 600; but when the same Secretary few
days afterwards was called on for the particular
items, he reduces this debt to about Sc, 900 600
and In this sum suppresscs about half million
which should be credited to the nation, either
through ignorance or for the purpose of sustaining
tho old faIsehood, or for the purpose of putting his
salt rorkS into operation or for some other cause,
which has not yet been explained, BE that as it
may, the whole cry of national debt turns out to
be a sheer humbug, like that of the gold spoons
on the author of which the vengeance of heaven has
already fallen,
And notwithstanding these assertions of the
Uatchman have been fully proved false, still the
Editor who is a pous man and church-member,
has not retacted them, but persists in his old game
of filschood, by undertaking to fix on his readers
the impression that the State of Vermont is NJ, in
debt, whch-if he has examined the sublect--he
knows is absolutely false. Among these Glsehoods
are .hesc; |. That the State dejt can be Gun
ccliedIN FIVE MINUTES i The pcope sag So,
anil withoW paying a cert LeyOW The dcjcHimes
ofMe House and Senate, 2, Tha, for the last
s or years the annual ordinary receipts of the
Treasury have more than balanced the annual Or
binary expenses.
II has been the object of the leaders Of the party
in power in this State, for the last II years, with
Gen, Walton for their organ, to conceal from the
people all facts calculated to exhibit to them the
true financial condition of the State, and this the
IVatcamaa, with rs usual propensity for lying,
seems determined to pursue.
Now lei us examine whether the L" ordinary an
nual receipts have for the last eight or nine years
exceeded the ordinary annual expenditures. We
commence with 1880, and it appears from the An
dlor's report of that year, that The annual cXpcn-
dture was Sj5 ,O6G, 2S, of which $j,22l SO were
applied 10 the School fund, thus leaving the ord-
nary expenditure IT $40, sil,95, The amount of
receipts into the Treasury that year, (ncIuding a
balance in the Treasury at the commencement Of
the year, of 81, sO9 ,S2,) was $50 lGO SO, leaving
the amount of receipts $jl $50 81; of this sum
$685. ,2J was received for the School fund, thus
leaving the ordinary receipts of that year appica-s
BILE to the School fund, $47,Sl5,56, showing an
excess of expenditure over the receipts of ; ,O2O,
80.
In 1881, it appears from the Auditors report,
the expenditures were SCI, SIS 3d. of which So
$4,000 were applied to the School fund.- leaving
the ordinary expenditures Sj3 ,272 so. The amount
OF receipts was (incudng the balance Of i,O9l,-
50 in the Treasury 81 ,O62,O5, leaving the nc
tuaI receipts of the year $12,975,7O, of which
$lO,l3l 80 were received for the School fund,
eaying the amount of receipts applicable to the
expenditures $G2 ,slG,7l, and balance in favor
Of the State of $9,553,sl.
The Auditors report of 1882 canno, Gnd. But
in 1888 it appears from the report that the whole
amount of expenditures was SIS, 923,S9, ofwhich
81 ,23S,70 were applied TO the School fund.- and
$4i6,S IS to Safety fund.- making the balance Of
ordinary expenditures SG7 ,23S,3l. The whole
amount Of receipts for the same year was $751;
OG3,s5, in which is included the balance in the
Treasury of SIS, 5jS,3l, cash received for Safety
fund $,ii6, SS, and received for school fund >3, =
Oi0,20, leaving Il balance to apply TO the cSpcn-
diturcs of the State of sos ,OlS ,l6, making an ex.
cess of expenditures over the receipts Of the year
of S23 ,s75, l3.
In 1884, the amount Of expenditure was per re-
port SIS, 1913 AZ, Of which SI,6jO25 were appli-
ed to School fund, and Sl3,2j to the Safety fund
leaving for the ordinary expenditures of the State
ISL, 1892. The whole amount Of receipts was
sol O25 81; Of this SUN the balance in the Treas
ury at the commencement of the year was 3d.
llO,lS, received for School fund $l4, 800 ,G3, and
for Safety fund 81 1922, which deducted from
the whole amount, leaves SCI AS 10 apply TO
the annual expenditures, and Of course balance
against the State Of 10 500 A TO meet which there
was in the Treasurer's hands S;2,S27,O9.
In 1885, the amount of expenditures as per Au-
ditor's report, was SOS, O56,97; Of this sum So,
1854 was applied to the School fund, and S2,-