Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-08-11
Leaving 80 available amour, Of
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Tho Navy Department had drawn acquisitions 90
the Treasury, atthat time. 70 meet debts actually
dae, AMONG which are bills under protest for Sf-
$1,000 thus leaving an actual deficit Of S4RA geo.
lherc WIS on band about 100000 Of unissued
Treasury notes, assisted hy the aecruing revenue
amounting to about 900 per week, exclusive o II
Eecci pffda unpaid bonds, to meet acquisitions for
The Army, and the demands Of The civil list.
The Withdrawal Of the sum of $64o, 600 to BE dis
tribHSed apong the States, 90 soon the statements
rid aeeaatfts can be mads up sAd completed. by
'iftne Of the provisions OF the aei Of the 4h Sep.
Timber last Of which nearly moiely goes 10
lew States hnd only about sSsso00 is . be divided
among altAe States, uhile il adds materially to thu
lsmbsNrassfeents ofF the Treasury, ad6rdA to the
States no decided relief s.5
M s+e~aifatA r4lisf srnna ibis state 81 II inRs
4 IS ahAeipated, unless, what would most deeply
be deppTed, the Government could be reconcll.
ed 10 ;he negotiation Of loans already authorized
by law.ata rate Of discount ruinous in itself
and calculated most seriously to affect the public
credit 20 great is the depression Of trade. iha,
even 4 The present bilr were 10 become Law.
L and prove to be productive, some time wonld
lslapse before sufficient supplies would dow insq
The Treasury, while, ID tie meantime, it, en-
lhafrassnents would be continually augmented
BY the Eemfannual diaubutioa Ok ths land pro-
leeds. -
Indeed, there~is but 100 much ground 10 40.
prehend that evenif this bill we're permitted 10
/ become law alternating as it does ihs proceed,
81 ne land sales, an actual deficit in the Treasu-
Y wouldspceur, which would more Aan proba-
oly involve the necessity Of resorttoLdirect tai
alton. 1T q
Let i Be also remarked, ,hat es, 100000 of
me public debt becomes redeemable id aboutGwo
years and a half. which, al any sacfifce mus.
be met. while the Treasury il always Ii,bIe 10,
demands for the paymento Of outstanding Treasu-
~ notes Sachis The gloomy po,uretv Which our
hnanclai Department now presents. and which
calls for the exefeise of rigid economy in the
puhlic expenditures, and The rendering available
o. all the means within the control Of The Go.
Ve-nment. most respectfully submit whether
THIS IS lime 10 give AWAY he procsedsHof ths
and sales. when the public lands cSDsEisuts
.ana which, or alt others, may be made most
1ssiui 10 sustaining the public crediv. Can ihs
GaVeTnmeni be generous and niuni6eeni soothers
when every dollar il can command i NECESSARY
70 supply its own wapisa And If Congress
would hoi hesitate To- suffer the provisions Of tho
acHot 4th Of September last 10 remain nnrep sal- 1
ca ln'easelthe ceuatty was involved ID war, il
not me necessity for such course noW just Is
imperative BIS il would be ihens
D. lhnd objection remains to be urged, which
would pc sGtileIsnH IN ITSELF to induce me 10 re-.
.nfn me bill tofhe House with my objections.
~ nnllns two subjecisso incongruous as Tariff
and DlssLibutian, il inevitably makes the fate Of
.ae enc dependent upon that Of the othergdn "a.
tute contests Of party. Can any Thing 81 more
iatai 10 the merchant or manufactured than such
81 altlahces What they most otall require il
system o. moderate duties, So arranged Is 10
Withdraw the Tariff question as far as possible.
completely from.the arena OF political cohtsn<
non On Their chief want Is pernaneucy and ssgs
on.y such an increase of The Tariff believe
y " necessary, IN order % meet ihe eeonomical
z PsnoileIes 81 Government. Such an ieerPsse
p 10 The spirit Of moderaiion and iudi1ioas
use Illumination, would have no doubt, be e1ire-
y satisfactorily 70 The great majority ofthe Ams-
lean reepie.. In the way Of accomplishing
nsasuis 50 sanitary and SO imperaliyely de-
4 oy every public interest, lhe Legislative
RAi'meht .Till meet with cordial co-opera..
t u, IN me part Of the Executive This il all
~ .hq manufacturer can desire, and il would
'e burden readily borne By the neope But
carhos TOO earnestly rereat, that in order to be-
slnaaneht. u must command general acfuies-
s !, g bqt can such permanency beiusty hop
y ~ 4 me tafiff question be coupled with that
7 y ftouiion, as TO which serious conflict Of
pi9ion exists amang the States and The People, 4
go enil1ts - lts support a bare majority, il
~ sae ~ maIortyof the two Houses of
~ what peImanencY or stability can
s.ss'i Z measure which, warning upon itself
W. AMay fruitful source ct revenue Al the
49, " proposes large increase of taxes on
y people, y The manufacturer prepared to.
80 nlnselt and his interests upon such an
haeg "
hhoY lhat i IS urged, but most erroneouslys
~ epinion, that iusiabilitysis just as apt ~
pioieeed BY retaining The public iandr as .
'afee q revenue as from any other canse, and
b y ascfloed 70 constant AuctualioH. As i y
iu' y Efe amount Of sales. If there we're any
lug y: Y ms objection, iiegually applies to eve
iEnP1Snion Of duties. The amounted rsye-
y annually derived from duties il constantly
lole 70 change The regulations Of foreign 80
'Inmeniss The varying prpduetiveness Of ether
aniries, periods Of excitement ID trade, and d
eat variety Of other cireums tanees. are com
ansiy arising TO affect the Isats Of Eommefse,