Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1843-04-14
EXTRACTS FROM AN ADDRESS OF THE
WINGS OF VIRGINIA, ASSEMBLED IN
STATE CONVENTION ON THE 22D DAY
OF FEBRUARY LAST.

EXTRACTS FROM AN ADDRESS OF THE
WINGS OF VIRGINIA, ASSEMBLED IN
STATE CONVENTION ON THE 22D DAY
OF FEBRUARY LAST.
CONDITION OF THE COUNTRY ON MR.. VAN BUREN's
ACCESSION TO THE PREsIDENCY.
FtliotU Citizens: lnu ARE iaunimr with the
memorable declaration Of Cen. Jackson III 1897
on his retirement irom the Presidency that he
lett this great people prosperous and happy IN
peace with all nniUns; and furnishing beyond all
former example" But the sagarlJus statesmen
who OppOSrd his violent measures the removal
of the deposits and the Initiation Oi tie State Banks
-iOgtOld, with the accuracy OF Inspiration, the
evils that must inevitably follow his interruption
OF the COMMERCIAL relations Ol the country. What
was HE character ~ This prosperity, was soon WIS.,
lille in the sudden mud overwhelming revulsiOn,
which, in less than three brief months, followed
this self rOmplucrni vatinl. The pubic debt,
is true, had been dsclargeed under the authority
OF an annual approprntlOn OF ten millions, rs II
sinking iuud, beginning IN 1917, t0m the alum
daut means II Iwing INTO the national Golfers from
!he customs, and from extraordinary sales of lie
public domain. The Treasury was not only die
encountered of all Its engagements resulting iIuu
two wnrs but large surplus had been distributed
to the states. An ample fund was transmitted 10
Mr.. Van Buren, by hls predecessor AMI The parry
which, for eight Years had revealed IN the sDOus,
entered upon new lease Of Ollicr, with buoynnt
hopes Ol II Curious harvest for 'iglIi years more.
Bun the seeds Of disease were sO~n So deeply in
the commercial system Vi Iho country, that there
was not only dununuIiIn IN the receipts from the
CUSTOMS OF mure than Vne-' ali, ~ lS37 but
falling off III li. land tuud irUm the enormous
OF t,0eniy fUe millions ~ 1895 screen mill
ions III 1897
Blu WIN this rapid decline Of he means OF the
country, let us zee Whether The reduction OF ex-
renses kept prop rliulaie l,uce. Facis speak
too nu'iIbly aud urlligl!Jll for contradiction.
FROM Uti, lul statements of the Treasury De-
partment 10y MIR, ooiluty, it appears that on The
Isl day al January, le37, there was surplus III
the Ti'a.ur,, arirn & iom"rdinhry ,ourr,s 81 rev
tiue. oi SEVEN IEt.N MILLIONS ONE hun
DRIED THOUSAND DbLLAKS!!
Sl7lC000O
Additional sum arcrung from Jan.
1897, To A.ch /, le4l, irUui uer
than ordinary sources Bank, Us.
&c.l 9,l25o
When the extravaganza vi the party
ran beyond the income OF the
Treasury, su ~ To require the 4 Ii
iuslaln,en To the States IT, he with
held, Treasury Nulrs were auilor-
IZeil, aud these we're ISSUED daring
the our ears up 10 ihe 4th March,
lc4l, to the anount ., 5650,000
Total, S}l .oJ5,VU0
Making, in all from other than the regular re-
ceiptS from The customs aud the pubic lands, du-
nag Mr.. Van Burrns term, nearly TlIlRrY-
IWO MlLLlONS OF DOLLAKo!
Now lei us What was rrceWed from the reg
ulur sources of inrOme during the same period.
From the Customs:
From January, lo37, 10 January, 1871,
the receipts we're S62 S0QOO0
The receipts from this source hav.
iug run up from tieutn millions ia
1887 10 sirteen millions IA 1898
From the pubIc Lands, IN the sumo
period OF four years. 2O,20UO00
Making the ordinary revenue Of Mr..
Van BnrenS term, $s3,oOO,OOO
To these EIGHTY THREE MILLIONS
from the ordinary sources, add the
foregoing sum from extraordinary
sources, 3l,875OOO
Toni, SIl4c7j 90
And we have lie enormous sum OF nenriy ONE
HUNDRED AND FIFTEEN MILLIONS OF
DOLLARS paid mo The Treasury during Mr..
Van iIIren's term al four years --Un average OF
S25, 7lS, 750 annually
a lLera minded ieople NIGH deem this mn
ample suni, making due allowance for the growth
OF the country, especially Us MIR. Adams was DIS
placed Tor an aisllua expenditure OF thirteen mutt
ions But was this enough Tor these iUiOI liners:
Let The record speak. There WIS rxpendnd du-
ing the four years OF MIR. Van Bureu's admins
iratIun llIe following sums, VIZ:
In 1897, S37,265,O37
1888, 30,ll54}S
1859, 81 l29,390
1910, 2o226,533
Total, $i42O70304
An average OF htnyf Ue million fire hundred
thousand dollars annually