Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-07-12

the interests OF the whole country in the
nirauuction Of harmOny among all its
several interests. The same rate Of inn
ports and no more as will most surely re-
establish the public credit, will secure
10 The manufactures all the protection
he ought to desire; with every prospect
Of permanance and stability which the
hearty acquieEce Of the whole country,
m reasonable system can hold out to
him.
But Of this universal acquiesence and
the harmony and confidence and the
many other benefits that will certainly re-
sui from it, | regtrd the suspension VI
the law fer distributing the proceeds Of
the phblic ljnl4 as an Indispensable con
dtliOn. This measure is, in my judgment
called for by largo number, ifnot a
,reat majority, Of lhs people of the Uni
ted States, by the state oiIhe public cred
il and finances, by the critical posture Of
our various foreign relations, duties, and
above all, by that most sacred Of all dn
ties, public faith. The act OfSepiemher
last, which provides fT the distribution,
couples Il insepreably with the condition
that il shall cease-lst. In case Of waF;
2. As soon and so long as tho rate Of
The duIies shall, for any reason whaiever,
he raised above 90 per cent. Nothing
can,be more clear, express, or imperative
than this language. # is invain to allege
lhn deficit in the Treasury was knnwn
TO exist, and means taken 10 supply iiby
loan when the act was pissed. II is trne
that lO1n was authorized al the same
session dnring which the Distribution law
was passed, but the most sangnine Of the
friends Of the tNo measures entertained
no doubt that tho loan wotild be eagerly
taken up by The capitalists, and speedily
reimbursed by country destined, as they
hnped, soon 10 enjoy an overlllwng pros
eeflty Ese.%~ry r;nswf the loan max
ing il redeemahle IL three yesrs, demon
straie this beyond all cavi Who az thai
time fore saw or imagined the possibility
of1ha@cinal state Of things, when M.
iion that has paid of her whole debt since
the last peace, while all the other great
powers have been increasing theirs, and
whose resources, already so great. are.
vel bnl in The infancy nf their develop,
menl; should be compelled TO haagle in
the npy"y for plltry SON, not equal 10
one years revenue one her economical sys
,em7 lflhe distribution law is 10 be ip-
definitely suspended. according not only
10 itS nwn terms, hut by universal con
seni, in case 6f war, wherein are the ac
tIal exigencles of the country. or the
moral obligation TO provide for them less
under present circnmsla noes than they
conl h.'were we aciua y involved in xar:
Il appears to he the Indispensable duiy
Of all concerned in the administration OF
public a0.irs, 10 see that a state oflhngs
so humiiiating and so perlous should not
last momeni longer than is absolutely
unavilabs. Much less excusafle should
We ha npafting with any portion Of our
avallahl" Ineans.aI least. until The demand
Of The Treasury were fully snpplied.--
But besides the urgency Of such c0nsid,
etatiOns, the fact is undeniahle tiai the
Distribution act could not have become
a law without the guaranty in the proyso
Of the act itself.
The connection, thus meant 10 be in.
seperahle, ia served BY tho bill presented
10 me. The hill violates the principle
Of the acts Of 1899, and september, 1871, !
by silspending the first, and render
ing, ror time, the lastinoperative. Du.
ties above 20 per cent, ara proposed 10
be levied, and vet the ptoviso in the Dis
trilntinn act Is disregardnd; the proceeds
4 he!sales are to 9 distributed on the Isl
OF August, so that while tho dunes pro.
posed 10 he enacted exceed 90 per cent.
no suspension Of the ,ilstribn ton he
to the States is permitted TO take place.
10 abandon the principle fur a month,
epens the way TO It's total abandonment
lfsuch anitt meant,why postpone al alli
Why not let tho distribution take place
on The ist Of Jaly, ,if the law so difeclsq
which, however, il eglrded as qnesliona.
bio. But why not have limited The pro
vsiO TO that effect? lsit Tor the accom-.
the Treasury sac no rea.
son 10 belieSe that the Treasury will be
% betier condition to meet The payment
n the lst Of August than on the Isl or
Tuly.
Tho bill assumes that distribution Of
hs proceeds of public lands is, by exis.
sting laws, 10 be made on the firsr ofJu
), lS42; notwithstanding lllere has bu en- /
N imposition Of duties on iInpusts ex Il
'oeding 20 per cent. up to that day, and /
irecls il 10 be mlds on the Isl of i
ulgnst next. u seems To IN very II
lear ihatths construction is eqtllly er. tf
paeous and dmgeraas, as il would divert /
'om ihe'Freasury fund sacredly pleds-
d for the general purposes Of Tie Coo s
rnmeni, in the event Of a rate of duiy !, Ia
ove 30 per cent being found necassary ]
y on econnmical administration az :he A
iovernmemt. 4
The bill under consideration IS design. q
] MS only temporary measure, and \
~ temporary measure passed merely 81