Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-08-03

3 -
For 1888, doc. No. 46i 3SIl3,06I
For 1889, doc. No 2i9 30, So, 2i2
For 1910, doc. No POS 9,696.632
cannot fail know that it unpleasant you any
else be fenced about, that there escape
will disguise the fact that the uncaed for temper and
tone your letter renders the duty cndeavorng per-
form to you and the country, pleasant TO me.
Now II II were true as you charge that the Wing Con-
gros has made eNravagan appropriations, by whom shall
they be charged and rebuked by aud party did
Martin Van Buren, your head, and did you support
and goriy him during his years election after
close OF his with all his fresh before you Lookup
the official statements of your clerks given above OF
the wOsteiu unprecedented extravaganza OF his four years.
and blush your inconsistency. be punished,
BY whom should the blows be inflicted surely not by the
supporters Of Mr.. Van Buren,. lie, those who
innocent cast the inst stone. Is not the most
mate lmpudence IN that party which IN power III the
years 1887 '3S, 30, and 10 call Justify upon the peo-
pie to condemn the Wings, and that upon the ground
OF extravaganza II the wings guilty charged, 1t
would indeed be OF Satan reprOvng Just thnk
of thntVan Buren, asking the people to turn the
wings out OF power because they spent much money,
and do WHAT why, ronsate Mr.. Van Buren, and his pub
lie p'underes. OF whom Mr.. Calhoun said, If
recoect eh, they only held together by the
power OF plumber. Is he not good witness
To return TO the argument How is that and your
brethren up the appropriations of 1912 TO between
thryone and two mions-in your letter you say
was S3l97Osl6, when the official OF the clerk
under his oath OF Office may be BY the document
TO which have referred, you will he only makes
about twenty four millions and half, including
hai millions tor the Post Office seryce' Why,
know it is by adding to the actual correctly
stated by the clerk the necessarily used that
the redemption OF treasury notes previously issued for the
payment OF debts Now that poper item TO % ace
under that head Is dealing fairly with the opposite par
v or with the peoplel If So why do you in another par,
OF your letter in stating the expenditures Of 1887 and 1895
exclude iheml After putting them several millions lower
than your own clerks you say "uust funds and treasury
notes excluded from the above they properly
part of the expenditures So of your own mouth YOU
condemned in this matter.
la the fourth column of first letter me pub
lshed IN the Union OF the 10th ult you good enough
truly admit that "when the Wings came into power II
give your words) revenues had been rrenty di
mnished owing to the revusons in trade and the expo
sion OF the banking Systemour treasury almost bankrupt
Yes 1t Is true that had been greay dimn-
shed partly perhaps by the explosion Of your State bank
system, but more particularly far banks
cerned for the of United States Bank to throw out
sound and sufficient circulation the medium OF
and commerce. 1t true that sour treasury not only
amos" but altogether bankrupt for it had in it but little
over half million and was bound for upwards of 3 mil
lions as have clearly proved. Now think again Of
NIFTY your charge against the wings for the increase OF
the public debt, when left them with this mountain
weight OF Liabilities, with bankrupt treasury and greatly
diminished revenues! How different was our condition a.
admitted by you the 18th of March, from that of
your party the 4th of March, 1887 Eou had no iabli
lies upon you but the appropriations for the current wear y
your owniend with "undimnished and an over
flowing treasury, cash hand ST. besides other
large resources together with tariff and land sales lite
rally covered with their golden showers under specie
circular OF the old chief. Behold the official account
given by the Secretary of the Treasury your condition on
LIST January 1884, consumed four years over and
above the accrng ordinary sources in docu
ment No. , OF the called session, at page ).
Doc. No. =.
From the year 1916 to 1887, period of
twentyono years, the con-
sianty exceeded the expenditures
The average annual surplus during that
time was > ,I64 ,226 ST. (tsee tables
and 81 making aggregate excess
st $40, 16i %. Within that time
there applied to the extinction Of
the national debt S2OS, 792, 1877 H. and
ilcre was, under the provisions of the
act OF the 23d of June, 1886, deposit
ed with the States, S25, IOI, GA 81,
aud there remained OH the LIST of ia
nuary, 1889, in the Treasury of the
United States, including the fourth
instalment due to the States, a surplus
OF sl7,lO9,473 a6
There were, also, outstanding debts due
aud falling due TO the Treasury, arising
from other than those of the
ordinary revenue, and which were paid
between the LIST January, 1887, aud 4ih
OF March, ISL, the amount Of see
statement ID ql2I7jT 90
There We're, also, issued within that Pc
rod, and outstanding the 4th Of
March, lsIl, Treasury notes 10 the
amount OF 5,6Is,5l2 40
Making the aggregate available means
which were in the Treasury on the
lst Of January, 1887, and which came
into it prior the 18th of March, lsil
over and above the revenues 81 $50 1872 &c
From which deduct the amount (loss the
trust iunds) remaining in the TTeasu-
~ on the 4h Of March, ls4l, 5727ls &C
And there appears excess Of eSpcndi.
iaro over the current revenue Of S3l,3lO,Ol4 20
Thus and this extent within the last four years were
the expenditures pushed beyond the Of the
They were made 10 absorb the surplus IN the Treasury and
the outstanding debts due the T. s. that the Trensr,
the 4th March, 1871 exhausted offs means and sub
ec to heavy aud immediate liabilities. 1t was already bur
dened with debt incurred in time of peace without
adequate resources except the authority granted by law
augment that debt.
to check It's and rapid increase. We find IT, there
fore, as far past Legislation and financial arrangement
characterize it, permanent and increasing national debt
the temporary expedents by which it has been sustained
not at oil vary It's essential character.
The attention Of Congress is respectfully invited III,
necessity o early and eectuul measures prevent fur
ther augmentation. The obvions remedy IS 90,
revenue Tar may be- without unrcusonuby burdcun.
commerce, and to reduce expenditures within thc limits
strict economy"
Here that Mr. Van Buren, four years consumed
oil the available Of the government that he could Ia,
his hands upon, together with oil the accrng revenues from
all sources. Here is eight millions a year over and
bovc the current expended by that most wasefu
administration And still his friends have the unparalleled
assurance to cry out against Wing exrayaganco Now
suppose Mr. Van Buren, had found bankrupt treasury
a. you admit the Wings did what would have b.cn the
public debt when he ouR There would have been
Of course the liabilities heretofore mentioned 3sl235l
And the above amount Of available means be.
You'd revenue Ices treasury notes incudodin
the above sum 25G6I. 80.
Near G millions would have been the debt slddcd upoi
the country time Of peace in four years by these rigid
economists and devoted patriots, b had becn fol
the vast they found hand. And still you rea,
Lectures O. ne on extravaganza and economy. Is hi
not too much for mortal flesh 10 bear And can
bc possible that IN this land, where the interest If al
b. the same, aud no good citizen desires 90 believe
c that one honest sober be found credit
impatient baroiaced, groundcss accusations y,ilnIta
gree that such people with full lights before them as our.
can be grossly imposed upon But the Wings promise,
Tcuonchmcni aud reform; aye, and have they perform
cd their promises 10 the lottorl What have they done u
two years, with the dead weight Of pcrdious Pri
dent aud his cabinet against thcm1
have already shown that for 1912. Notwithstanding W.