Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-08-04
TREASURY NOTES AND PUBLIC
DEBT.

The auihnr ol the pamphlet ~ eN
anxious 10 charge upon the
Whgs the issue Of Treasury notes to
sustain the government. lie seems TO
have forgotten altogether thai they
we're rosor,ed 10 BY the administration
OF Mr.. Van Buren, to keep lls sinking
fortunes sfloat unul lis close; notwllh
standing Mr.. Van Buren found nation
al debt Of only Sl.S79.3l2, end cash N
the treasury, when he came INTO power,
l8,6OG.792 dollars, and received IN me
course oC mis- term the dues from the
bank OF the United States; and irom he
merchants suspended BONDS Of N York
amounting together, over and ahov" 'h'
whole national debt, to about S2o 72S-
43O. besides all The ordinary receipts
from customs at a high rate Of dn'y.aod
ClgI65 900, from r"h'ir lpnds, and vet
he expended all that and left a debt, as
officially reported, Of S6,48S, ,74S, but
which did not inc ude the annu,'eF paw
able by tho government, orthP outs'and
inc appropriations Gen. Howard, N
his ZION letter is conclusive as 10 the
issue of these Treasury notes, and that
they are the Democracy currency tie
saws: IL was IN favor Of Treasury noies,
and voted in favor o(issuing them when
| was in the last Congress, | am yet OF
the opinion that they furnished. ard
would continue to furnish a most valna
be currency and with one modification
would enter the general circulation and
he a valuable medium IN the iransac-
lions of society. refer TO Their demo-
minalion; lhey should be- reduced so Tar
as TO enter into The smaller dealings
The writer Of the pamphlet 10 his zeal
to charge the wings with creating ma
tIonal debt, says: In less than 'wo
wears the national debt has been lncreas
ed bv them 10 about sixteen millions OF
dollars" Now, it Sc happens that this
statement requires proof, That 'here
was a national debt to the specified a
mount, may be admired without touch
ing the question between us;the charge
is, that il was created By the wh'gs This
VIC denv. We say that Mr., Van Buren,
expended over $1,000 0C0 dollars, IN his
four wears, more than the ordinary re-
venues Of The government; that ne le''
an officially reported debt OF 81 4SS,
I7I6, for his successor 10 paw, besides
leaving considerable amount Of annni
ties to pny to Indian tribes, as well az
large amount OF outstanding approprla
lions 10 provide for; that he left the taflI
At the minimum of the compromise act
producing much less revenue than was
received from imposls during his admin
is,ralon: and, what was worse than all
he left the currency deranged and de-
precated. and the industry Of the peop' {
paralyzad, so that they we're unable tC
contribute to the national trersurv al
thew had done before. The wings have
created no national debt; they found one
which was rapidly increasing under lhf
administration of Mr. Van Buren, which
thew done all in their power TO arrest
but have been prevented by obstacles
and circumstances. over which they
have had no coulrol, and for which the'
are in no wise responsible. This arti
Gle like others, we are compelled 10 close
withou, going so much into detail in this
matter as we cou'd desire; hui We have
said enough to show that there are 'w'