New-York daily tribune., 1843-12-13
WHOLE No. s3s.


Tea5sry Notes bes5ns such interest would
The authority took wou! either Of them be .ucien,
he xseetss s So IN unf to nsh ,a m
should &c made relieve from sucha weight Of interest
ard ss les S sns an
lneTe. "lie iht borrow Of the community withou,
est 1t 70 ths extent OF their circulation:
The authority gissn BY the Constitution borrow money
on e ceeit o The United its terms comprehends
serb and 1t IS not easy 10 perceive how s express aud
It's that the Distinguished amopc tSss- Who eon,en
ora strict construction Of he Constitution have their
to the rklstesee OF this power in the :orm OF bills
Well founded objections exs to- borrowing without an ur.
the and cotons of e- mode Ts rns aSO hr rn
removes the n9ss etfe,ual che OK 10 rrodSay and offers
the bane OF all Governmeuts The pocy Of the Treasury
note system seems TO have b.en dersd guard against
n seem b he mmsa ns1 s Ss M fs
bl'ty 20 pay, the more would thar icy be promoted
BE- scfua as Grrry oa ,ha
made desE &c ~ from the IS III in , fast made de- no,
b literally solely upon the credit of the United States"
ment in promoting convenience security aud economy in the
public disbursements they Should IL consequence Of their
tent by fellow czens for their in main.
tanning internal trade and keeping down the huctusiions Of
aisodered currency, perceived how such result
Aofds ground fs objection as,em constitutional in it.
submitted that the Government responsible only for the
s Iss winch makes OF the power TO debt and for
which may Their application by the community to
4sSs @ 5 ny ss ss. s e
% aSen Ine aee ot local Chartered OF State credit Those
finances; which require loan oIm must however
Choose OF % the syls of that ss1 if hs ey
created directly must follow at penod and take
promise ray For in this as in other are not al
lowed the OF means entirely free from objection. but
comp lied TO Sc ect between different mods That which the
AT all events the small of convertible Treasury
that may be Issued under existing laws less than
third Of the receipts and less ;hau one-fourh of the
annual public any very dangerous
es to are nor so much 10 the ssue of such an
temporary exedent but found ed rather pon apprehen
beneficial the people that their issue may hereafter BE-
carried to excess fair question whether the daneer Of
excess this mode OF borrowing equal that
sing from loans deferred times of payment2 While the
in lr case vet s worbv Of obrva,ion " that tbe mode
which requires immediate Liability TO pay furnishes guard
which furnishes upon issues beyond the Of convert.
ing INTO cola
5resynops the foregoing statements and suggestions
in relation TO he deficiency Of the ordinary
OF Government during the current and The next fiscal
due lst OF January s3 its amount 49, be
@ ln ss "S Shs 'sss
s Gaf n es eG @ to s s
opr millions ye HUNDRED thousand dollars there viii BE- left
nf than oa Ss
SS rs Ea S
the Of March 8 1919 for ,hs reissue of TTsa
which is limited 70 the Isl Of July ls and BY extending il
50 as to include the anticipated deficiency OF four millions
be found exredent to meet this manner By this au IN
Of PUBLIC debt may Be avoided i and any
take place will enable the Department rc redeem portion Of
bic that this portion Of our debt should be kep such
don that be redeemed at pleasure Should the dig
on be WITHHELD which would be equivalent, to
be to add The decsney for the
Of next fiscal year at least four hundred and fifty thousand
There subjects TO which seems dny TO invite
the o e0sas n from
tier well az TO afford the proper facilities to traders who
a s po on eny be- IGnd in
quar,e The town of Independence in Missouri has been
b Ihe existing appeal to The Sppreme Court cannot
dg the Of duty that be levied imported mer
ch.nd,e because the amount in the PARTICULAR
exceeds the prescribed limit The courtesy Of the
judges sometimes induces them to disagree in fom in order
obtain the opinion OF the Supreme Court But Ire
Quenty happens that only one Judge holds the Court and
the courtesy any officer fo the opportunity Of correcting
% be an m Of hs
the subject in civil suits entite rarty to
an the cs
does ayolve hundreds Of Of dollars and it sub
right appeal of course but that the consequent
such proceeding should any be charged
pactiee has prevailed Of allowing the COMPENSATION of
clerks employed the omhonsss to be paid out Of the
,sn hr Necessary number Believing this practice unwaI
o dahlsa ths Asoey General been boshed
shsss s:i;asvs P6oXisicn Wis ill be
for the relief of sick aud disabled seamen is
has hsen Sh IFS
seamep being from their pursuits usuy unable TO share IN
to his fund what the demands, claim benefits without
knowing or referring to ITS amount Or 10 the ieg,
prevent the expenditure exceeding the provided have
heretofore been ng, and there constantly balance
the Treaary To increase the demanded from them
would be odious, if b. the act Of March l.
,ead.d to the oner registered vessels IL is submitted
this 1b to bs 9Sh Of al bs ofm
either monthly yearly contributors graduated oy the ton
Of the vessel This pIovlsloa with shdt already sas
TONNAGE duty w0qd probably furnish the relief which Ha
Of porerbay mrgyiden, but yet identified with the
power and property OF the Couatfy.
smuggling has been materially improve iwbe who esome
econon has been preserved twill be tie subject OF
The ight-house ,bshment will also be the subec. Of
the the Of he
Traeur respecting s apd pro ecutions IN behalf OF the
Government. wi also be submitted.
II aifors pleasure 70 safe there has been no den
quency default the part Of collectors ohe customs,
the receivers Of public moneys any other officer or agent
sums Which collectors and are permitted to retain
the pub service would allow while they have heen required
dsposte the surplus Immediately the nsutions designa
ted for that purl
rigid adherence these regulations maintained BY
OF watchluness ofthe list OF
the repositories selected by the Treasury accompanies this
report The which they employed the same
those settled in 1888 and the circular d
The Secretary OF the Treasury the 9th day OF Cc'o2e "a
that year A few of them merely receive the public moneys
special depoe Its but ojutce TO say tnat tey
red The funds required without the Government
AID have promptly met all drafts upon them: .
unwilling the opportunity OF invitins the az
renron Of Congress 10 the multitude and frequency OF oats