The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-07-02

air
proceeds OF the puoiic iahos are uio,. na
cumstances TO return INTO the Nauonai reasy 90.
form part oil that revenue aeeo'on'e w "e H.,
in the Distribution act, or "hether, IN aesP'o q. 80
proviso, they are sui 10 DC dsiripu'eu 70 vac ~
la one case, larger amount would DC necessary ~
raised by duties--ln The other, smaller. = Wouo
ask my honorable friend at the mead OF 'he
tee on Manufactures, IL IN uio conhueneo "
strength to carry Out distribution al all haA
will not say strength when lees power anu ~
gets right-but IN The confidence oil ther humei ~
force he should 20 on, and aooriously constructa a
riff on the assumption that the proceeds OF the pubic
lands are in any and every event. To be distributed
10 the States and il should al last be determined
that the faith of the provso is TO be maintained ana
that the proceeds of the public lands should under
ext ting circumstances come into the National
Treasury. would not all his costly and painful labor
have been superauous aud IN vani Would not, in
that case either House of Congress which should
have snent weeks and months in celebrating up n
and adoptlng such Tariff have done a vain thing,
and after so much time and labor unprofably spent,
10 the great cost of the nation have TO do their work
over again, If then. the question so deliberately
settled nv the adjustment of The last session of Con-
gress To he again opened now is the time to meet
Il and for one STANDING on the faith of solemn le-
gisatiye compact. and on the principles of mmuta-
BE nstice and Of a sober public policy | am ready
n meet IL clearly. uneouiyocally. decidedly
The nrincnIe Of the adjustment imbodied in the
nrov;so 10 The Distribution act was one which COM
mended itself 10 the good sense the eouity the pa
triotism of the whole natioo The country had
LONG been ayitated nv confietnp schemes i'm re-
oar3 10 the disnos;tion of NE nuhIic Lands IL
yas desir,ble 10 settle This controversy II il could
he done ON nrincines of mutual Justice and
safety Another great contest involving interests
81 ~ , 49, s,I -, ch,r,ctsr had
49, "" ,a,;,a,.J sas -, 49,. nv Tho T,ri6
Co,nnromis~ Of Isa3 ;bs co,,;nnsd observance ri
r. 49, ~, ~ n,,.,;..hI. 80 hsl,.veJ ~ ne !, ne
The uroviso 10 the Ds,ribuiion act then held this
Ingna.e Il, The friends of disrbu,on and an inciden-
raj oro,civ. 'ranT In he ;,noosit,on Of du les 10
r,is. revenue far rhe sunnor of the Goyeroment we
are willing with such ,xceptions as the wisdom of
Conurss lookiny n the General interests and welfare
of the whole peope shall puscribe that Won shall 90
up To the 20 per cent limit established a, the mari
mum bv the Compromise ari If within that limit
van r,n mise revenue enou.t 4, sunpIv the wants of
The Goyernmeu, In, for 1ne SAX. Of set line dis.
turh,n, ouesion 10, Tho nro,eeds Tho nnblIc lands
~ - ~ !; ,h,fca.o a. na,;onnal nos \ he
SSntnaJ 1v, mo- N n;n.;n, ~ = ;,s, aunor,;onment
~ ,h. VA :, ,f a., ;r pf1tIJ ha c,,nJ
49, ''e U.s. y. s"9 :. ~
-: ~ y w ~ ,..' ~ s 80 -. 81
"a ~, " on nm ''a' '.' pi a'y
80 I' ~ pe' N'.', a. 49, Wy - ~ -
~ '''1n w up Iui ny. w puD 49,
s M;i ".o, '. a W ~ ~ .ne 80. NJ
~ VI, '.on any '.'', .oio .''t w
~ - ,H =. - 'n. w.
4 II
uiihsh ~ 'ne extent o, .h,ii amount, 'le auu' oai
aAaloh caneu 'or, 10 anu ia keeping GOWN 'ne u0ou
'nua'io" VI nc" ha'ioha' ueo', a"o W aver e "o
eessy oi 'eouilence 10 .ho'c onerouS hPosi 'ols
oh 'he sie"' P'oouoi'3 anu oohsuh,S Glasses 'n'
ny tue angry connc'S 'ney eAcHeu nau wen h'g", oh
ieIei oroae,o,' Drought our glorious ohoh " tue
UNI, I'm " u.sso'uuon: .,.
a n VIZ 'he .isn ooh'iue a''on' why" r re ~
the adjustment contained In eprovso to the D'sri-
puuon ao. In 'nat aoJus'u'em 'Jd'Hyuny efecuseu
penere ma)cy " 'n' peoP'' ., 'I's eoI IN
Wy, u'o'a'"R 'ie VI al Pa'hSs nave ever 'ee" us
Posed cheerlo,y TO acquiesce pu' now wheh every
oouy sees anu aou's ina. du'es WIN oe nposeu la
o"'ee"s tie ~o pei '1"'' 'u'' VI .''e Co"P o"'Se'
an 10 20 oe maui 20 cary ou, eoAieSs'y, 'ne
~ VI ..e P,oooeoe " We po"i'1 anus an'o"s
.ie ''e. ~ u'ef uSieealu o. we pm,
npI Va W. ~ " .uo 'aa' vac pa'..u
Anu III "nat oonuioh o. 'hc Pu''c npances is II mus
p.oa;n,,s III .ppi.h,a o u o.'e =. i.s n'0s
. S,; 80 hs. go, ~ Il; 80 :, - ~
%, L go; ~ I 90. - 80 , Us =. 80. .t
D ,,irt,,narv %, -, c,,ini ,h ,n,na,;a -,
the last war with EN- and TGe honorable Chair.
man of the COMMITTEES of Finance (Nr Evonsl has
told us that even with the mid OF the bin now before
us, and the new Revenue bill which we passed the
last session of COMPRESS we cannot Obtain an annual
recent of more than fifteen millions of dollars Th,
amount necessary for the aonn,l of the ca
vernment according TO the estimate of the honorable
Chairman If the Committee of Ways and Means OF
the other House. (Mr. Fillmore \ il twen,y-seven
millions of dollars Here, them is round defcienc,
Of twelve millions of dollars. How is il to be mel
Let me tell my honorable friend at the head of the
Committee of Finance that with all his acknow ledy
ed acumen and fertility of resource he will be puzzled
meet by any additional increase of duties M mat
ter how high (tor afer all, tins is but finite re
source) and he may yet find himself reduced to the
mor,llylng necessity Of making his election between
the land tund and a resort to direct xation
With this wide gap between the current revenue
and expenditures OF the Government, we have beer
driven to resort to its credit. And how does thai
stand, MIR. PRESIDENT OF the loan Of twelve mil
lions authorized by the act of tie last session of Con
gress, you were able to obtain, even in compare
lively easy and abundant state Of the money market
but five and half mi lions. During the presen
session, we have authorized loan of twelve
millions, on terms inviting to capitalists thar
any respectable Government-loan put into the mar