Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1843-04-08
MR.. VAN BUREN'S ADMINISTRA
TI0N

The locos are continually charging the
wings with creating national debt since
the election of Gen. Harrison to the Presi-
dency. Although the wings, properly
speaking, have not been in power, yet TO
some extent, they have been, for the last
two years. responsible for the administra-
ton of the affairs of country; but so far
from bringing the Government in debt
as soon as they gained the ascendancy,
they were called upon to provide ways and
means to pay off the debt created by the
party who are now attempting to create
the impression that it was created by the
wings, instead of themselves.
The following is an extract from the adj
dress of the Wing State Convention of
Virginia, to the people of that State; it
puts the Saddle on the right horse" and
should be read and preserved:
CONDITION OF THE COUNTRY ON Nh. VAN
BUREN's ACCESSION TO THE PRESIDENCY.
Fellow Citizens, you are all familiar with
the memorable declaration of Gen. Jackson
in 1887, on his retirement from the Presi-
dency, that he "left this great people pros
porous and happy; in peace with all nations;
and fourishing beyond all former exam
ple." But the sagacious statesmen who op-
posed his violent measures-the removal Of
the deposites, and the imitation Of the State
Banks-foretold, with the accuracy of in
spiration, the evils that must inevitably fol-
| L., .vfa nf he 81
lations of the country. What was the
character of this prosperity, was soon visi-
BILE in the sudden and overwhelming revu-
sion which, in less than three brief months,
followed the self complacent vaunt. The
public debt, it is true, had been discharged
under the authority of an annual appro-
priation of ten millions, as sinking fund,
beginning in 1917, from the abundant
means flowing into the national Golfers
from the customs, and from extraordinary
sales of the public domain. The Treasury
was not only disencumbered of all its en-
gagements resulting from two wars, but
a large surplus had been distributed to the
States An ample fund was transmitted to
Mr.. Van Buren, by his predecessor, and
the party which, for eight years, had rev.
elled in the spoils, entered upon new lease
of office, with buoyant hopes of glorious
harvest for eight years more, But the
seeds of disease were sown so deeply in
the commercial system of the country, that
there was not only diminuton in the re-
ceipts from the customs, of more than one
half in 1887, bat a falling off in the land
fund from the enormous amount of t,centy
fue millions in 1886, 10 seven millions in
1887
But with this rapid decline of the means
of the country, kt us see whether the re-
duction Of expense kept a proportionate
pace. Facts speak too audibly and intelli,
gibly for contradiction.
From official statements Of the Treasury
Department by Mr.. Woodbury., it appears
that on the LIST day Of January, 1887, there
was surplus in the Treasury, arising from
ordinary sources Of revenue, of SEVEN.
TEEN MILLIONS ONE HUNDRED
THOUSAND DOLLARS!
sl7.loO,OO(
Additional sum accruing from Jan. /,
1887, to March 4, l>4l, from other
than ordinary sources, Bank United
States, &c. p,l25 00(
When the extravsgsnce Of the party ran
beyond the income Of the Treasury,
so as to require the All instalment to
the States TO be WITHHELD, Treasury
Notes were authorized and these were
issued during the years up TO the
4th March, lS4l, to the amount of 5.650.ooi
Total. Si,s75. 90
Making, in all, from other than the regu
lar receipts from the customs and public
lands, during Mr. Van Buren's term, nesrl,