Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-22
Distrjbutj0u aGainl

We shonld not be surprised, if there some truth
in the following paragraph. We too have heard OF such
a rumor-ard on aht not President Of the U. States
10 take such responsibility under such circumstances
when the country requires preparation-when The
Treasury is so low that it is almost begging FOR money
when tariff Of 80 per centum threatens 10 tax the
South and the "sacred and nviolate' Compromise act
ia to be prostrae-and when are brought to the
necessity of borrowing millions TO fill the exhausted
Excheouer and when these loans cannot be effected
upon such good terms, upon the guarantee of the
immense fund of the Public Lands:
inpron on Monday President had determined To send in
Congress message recommending that the law providing in
distribution OF The proceeds Of me public lands should De- ,pea
years report from the Treasury Department "a'
@ ] r , fiscal year and proposing debt which was lo
by the pledge OF specific iund what innd couo
ton law designed squander among the StatesS Erenns
We trust therefore, that Mr. Tyler will take the re
sponsihy-and propose the repeal of the Distribution
act But if he does not do his duty, we have no doubt
the Democrats in Congress will do theirs. The Globe
rives this assurance 1t touches with great force the
melancholy condition of the Treasury, lis gloomy
prospects, and the desperate schemes that were devised
to recruit it. But we give the article as we get 1t
PERMANENT DERT AND HIGH TARIFF.
aThe message of Mr.. Tyler and the report of Mr.
Forward have prod their fruit-a bill from the Com
mittee of WAYS and Means in the House of Represen
atives 10 the Treasury from the two forthcoming
deficits and its present state ofsuspenson. dehcit OF
three millions in the present quarter and hive millions
in the FIRST quarter Of the next year, were announced IN
the Treasurers report and the suspension of the Go
yernment was announced in all the New York papers,
and for these evils and disgraces no open or manly re
medy proposed ey the President or his Secretary
hut they have communicated with the Committee Of
Wavs and Means, and the remedy makes its first appear
ancc from that quarter. And what is il? bill TO sci
Government stock the phrase is at what will bring
and make Treasury notes continue 10 bear interest at
ter the year out for which they were issued The Eng
sh of this is that the Government IS to borrow money
by paying hundred dollars hereafter tor less than
hundred dollars received now and that Treasury notes
instead of being redeemed when due, are TO be unre
deemed bearing interest for indefinite length o
time; thus creating national debt by Fraud for the
Government like spendthrift, is TO be shaved on it
own loans in market, and, like an nsovent, IS to lei ii
notes lie in the hands of creditors, drawing interest
This is permanent debt and fraudu lent debt, and pre-
cisely the way he British debt created, shown b,
Col Benton in his speech on the Cabinet exchequer
In that speech the policy of the Administration was dis
tnctly revealed, and shown TO be what this new bill IS
disguised, fraudulent, permanent national debt through
the fundamentally of loans and Exchequer bills-th
loans to be according to the British plan of giving stool
for one hundred, when receiving less than that sum
and the Treasury notes TO become permanent, benrn!
annual interest indefinitely. We are now at that point
and the doomed men at the head Of the Government
refuse 10 take the only common sense and honorable
course, that of recalling the land revenue and restor
ing hard money payments TO the Federal Treasury
These common sense remedies rejected by tn
men in power; and why, Because they mean to hav
two things, high tariff and national debt. for TIL
foundation Of National or Treasury Bank. For thes
reaso ms three parties work together, the High Tart
party, the National Bank party, and the Excheque
Bank party These three work together. and to all 'hes
the throwing away the land revenue is an indisPen
sable step in their policy And now what says tn
country to the abused administrations Of General Jack
son and Mr.. Van Buren, Were Treasury notes pro
tested in their timer Was their issue made permanent
| Were fraudulent loans recommended; Was the CT
vernment in state of suspension' Were Governmer
notes offered in vain for bank notes. Did banks hol