Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1843-06-10

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offices.
All these doctrines are denounced by the lea
ders Of ,bs modern democracy as rank fedora
( measures.
'sFACTS FOR THE PEOPLE,
! No one cnntrovoris the facts that are p.csen,
and fell, by oil, that the nation and people are
greatly embarrassed in their finances, thai the
treasury is only enabled 10 meet the demands up
on il by temporary appliances, that the industry
Of the people goes unrevarded, while dis, and
bankruptcy pervade tho land. Why is this SO,
and VIVA, is The remedy. a few thoughts on these
questions may be acceptable. We practical
men, and therefore drec, our attention TO the
matter in practical cotnmon sense manner, ,oa-
ling views by experience, tho best and wi.
scs. Of teachers, although 40. always the cheapest
THE TRUE POLICY.
Rehec, upon the following undenable facts and
their results, and then decide for yourselves as 10
the true policy TO be pursued:
This is no, tho first time tina: have been
thus embarrassed. In 1915 at the close Of the
war, tbs nation owed public deb, Of sI32, 1903,
472; our citizens owed at least much more; ;
industry was paralyzed, our treasury empty,
and our currency deranged and appreciated Such
tho state of our national affairs when Con.
gress assembled in December, 1915. That Con
gress composed Of the patriots and sages.
some Of The revolution, bat more of tho second
war of independence; they were tho stnunch
republicans Of The day, with Mr. Madison a. the
head as President. Tho desperate condition Of
public alflirs demanded and received their imme-
date attention. efficient measures were essential /;
Mr.. Madison recommended Protective Tariff,
precisely the same measure that the wings con-
tend for now, ond, strange 10 tell, tina, "federal
rreasure'' and National Bank immedia tey
adopted with great Immunity by Republican
Congress, rs tho true remedy for the embarrass
cd state Of the national treasury, as we'll as for
the PROSTATE condition Of the industry OF tho
people and the deprecated state Of the currency.
Tho Protective Tariff of 1916 was passed. the
bank Of tbs United States chartered for 90
years. In 1924 the Tariff was increased, and,
in lS2S, brought up to its maximum. la 1888
tho compromise ACT was passed. providing for Pc
riodlcal reductions Of duty. The Tariff fell be-
low the protective point, and the charter of the
bank had expired with the close Of the admins
tration Of Gen. Jackson. With recollection of
these facts. the reader will be prepared for the
results under
PROTECTION AND A BANK.
A, the ,imo these great national measures wero
adopted, as we have nireo,y said, the national
dob, was Sl32 lO3, 172. A, the close Of the ad-
Of Mr.. Adams i. was $50, II Alb
A, the close Of tho administration Of Gen. jack
son il was al, 379.3l2, and there was cash in the
troasury SIS, G0G,792. So tia. al the close Of
the administration OF Gen. Jackson, in 1887, the
nation was actually out Of debt. and we had
plus in cash in tho treasury Of Sl6 72S $50. be-
sides having deposited with the States S2S, lol,-
Gil.
Mr.. Van Buren, then camo into power with
nation free from debit sl6 ,72s, $50 in the reasu.
~, about $4,000 900 due TO the United States
from the bank and from suspended merchants
bonds in Now York, which ho received during the
term; making about $50, TBS, $50 at bis command,
besides the proceeds of the customs and the pub
lie lands. But the bank furnishing a national
no longer 10 existence, and the Ia
riff had run down below the protective point; or,
in other words, the vhig or republican measures
had been abandoned by the modern democracy
And what was
THE RESULT!
Mr. Van Buren, administered the government
only four years and at the end Of hi. term, the
s25 72S $50, besides the proceeds OF the customs
aud lands, was all expended, and the nation owed
q debt as officially reported of S6,lSS,7Si. So
tina, If Mr.. Van Bureu had been compelled to re-
ly upon the ordinary revenues derived from in
posts and public lands, he would have left the
government, 10 debt S32.2I7,264, in his four
years. These are "facts for the people" Now
we leave il to the leaders Of the modern democ, |
racy to say, whether Mr.. Van Buren, rnaladni..
stered the government, or whether these fnauci-
al disasters should be attributed 10 an abandon. !
nent by them Of those national measures adopts /
ID and maintained by the true republicans, the
wings. We have only given The general hnan-
,ial results, the reader contrast the condition
&c tho nacnniarY affairs of eli un1ar the