The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-03-03

PRINCIPAL and interest 10 the uttermost farthng No
Juggling tricks OF reducing the standard coin or Of issuing
government paper money, resorted but the pub
lie creditor received full payment at high rates of interest
in the standard in which the debts contracted
Such before in the history of the
world II is the fruits of republicanism and of equal
rights which enables the Of the people to repay
cheerfully, and without murmur. money which they
have been expended for proper obeets and with
their general consent which, in republic, is as neces-
sary the discharge of public debt as is to their be-
coming freed from political oppression. The contraction
of debts does not necessarily imply the assent OF the
people, because the various means by which needy
representatives become influenced through the agency
of soulless corporations may produce that result
not only without the sssent, but against the
wishes of constituents The contraction Of loans
in States has been held out to the people as Ooon'
rather than burden because willy intriguing and So
phstca lawyers persuaded them that certain beneht
would be derived from the proposed work or bank, in
stead of tax TO be imposed for it. These promises have
not only all turned out Elusive, but the frequent expo-
obanSs and rail road companies have developed
fact that they plots laid desgnedy to cheat the
people, Under these circumstances, is not to be sup
posed but that the people are averse to paying The
sneaking intriguing pet.ifogging lawyers, who repre-
sent them now seek much to retain popular favor by
passing relief and reducing taxes they formerly
did by contracting debts It is this feeling which per-
vades the whole country In New York alone has the
Legislature had the moral courage to impose tax and
there only because the Erie Canal has borne the whole
expense of the debt and expenses and the
new tax is the only one for State purposes
Those interested in public credit arise from the
perusal of the report of Mr. Fillmore the Committee
Ways and Means without being convinced Of
hopeessness of obtaining payment of any money
which is to be raised by taxation We alude the report
60
the Secretary Of the Treasury and refuses to lay
duty upon tea and coffee The following passage
tans the quo of that pervading spirit to which
alude -
The committee never have, will they shrink
from any responsibility incident to their station As an
twice recommended duty on these articles; and twice
has the House of Repr. sentatves earessy sustained
them in this recommendation and passed bill imposing
the House. to what they deemed the of the Urea.
sury and the good Of the country.
"They believed that the good of the countrythat the
welfare OF suffering community, would be best pro-
NOTED by putting duty tea and coffee, and dstri
States"
is scarcely possible to peruse this Ubiquitous cant
without the strongest feelings of disgust He states that
the wants Of the Treasury and the 60 of the
try" required increase of the federal revenue; and
that to grant was sesaccing Devotion the part
VI Wooo oeHt tnCAc ior no Oh tes
and coffee would yield, perhaps $2,5Oo,OO0; yet the
self sacrificing devoion of these Immaculate representa-
ves went farther than to grant that amount only
condition that the public lands, yielding equal
amount should be taken out and given the States In
what manner would the wants of the Treasury" be
supplied by putting 900 into it with hand and
| taking it out with the other7
The manner in which the committee examine the esti
mates Of the Secretary for the year ls4s equally Jesuit
cal and disgraceful The estimates follows
Ba,hce supposed on hand, January, 1913, 2,s4ooii
Customs, $4,000 600
Lands, 2.50OO0O
Miscellaneous, 100000
Total revenue, l5,6OOO6O
To be borrowed loan and notes, 1888 1853 a5a
Total means, $23, 400
Expenses, civil, &c. 4,445,i22
Military, 9,28s,428
Naval, 7,88l,223
Interest on debt, I.s2 900
ATS
Surplus 39O627