The Arkansas banner., 1843-09-16

what they were pleased to call wasteiul eX- travagance on the part of their opponents, who would have dreamed of such a showing as this Let it not be said that Mir. Tyler did it. The President is responsible for what he may recommend, and for the faithful appli- cation of the sums appropriated. But it is the Congress that ''holds the purse-strings ol the nation." In the language of the 'Consti- tuition, ..ao money shaH be draacn from the treasury bm m consequence of appropria- tioas nadc Jy lalc" With the Whig major ity in Congress, then, rests the responsibility :; i and 1t would be vain for them to attempt to shift it off upon others.
 But our proof relative to the boaSted ecoa- oaay and fmancial skill of the Wings does not stop here invite your particular at tontion to the following tables, showing the precise state of the debt charged by them to 1 have been left upon the country by MT. Van 1 Buren's administration.
 l. .4aopat oftEe Public Dedt0n he ill March, l8i1 Old funded and uniunded debt.
 Funded debt-interest and principal, s296.642 0j Un!unded debt-old Trea-
 surY notes 4,595 20
 Mississippi stock 1920 09
 Recistered debt 26.622 44--35, ,537 73 Debt of the corporate cities of the
 District of Columbia, assumed
 by the United States 100000 GO Treasury notes 5,64o,5l2 At
 Total debt, $7, ,e92 Is Treasury Department, Registers Office,
 February I3, l8l3.
 T. L. SMITH, Register. D Statement ofthe Public debt on sie I3H Feb l643 Old funded and unlunded debt:
 1 Funded debt-interest and principal, $2SS, 1906 40 unfunded debt--old Trea-
 sury notes $l,3l7 II 1 Mississippi stock 1920 09
 Registered debt 26,622 44-35,25 97 Debt of the corporate cities of the
 District of Columbia, assumed
 by the United States l,3S0,000 0C Treasury notes ll,7l1,2l0 r Loan of IS4l and lS42 l3974,445 II
 Total debt, s27, ,389, ,22I 6s Treasury Department, Registers Office, ,
 T. L. SMITH, Register.
 How stand their own records? What dc 1hey provc2 lst. They prove that this debt (inherited, they say, from Mr. Van Bu- rem was only S5,653, l09 50. The funded debt. and indeed all the items in his table except the treasury notes, had come down as old debts from preceding administrations, and are not chargeable to Mr. Van Buren, Whenever, then, you hear it as Whig apol- ogy for their extravaganza and high taxes that they were necessary to enable them to pay off Mir. Van Buren's debts, point them 10 this table, and fearlessly challenge every Wing in America to show that it was one dollar more than S5,653, l0S 50. But did they pay off even tAis debt, after they came into power? No, on the contrary, instead of diminishing, they have augmented it to an alarming amount The second ~-labl6; as above, shows, thai on the 18th of February. 1913, they had increased the debt oyer twenty millions in two years. Is this the economy of which we heard so much during the Presidential canvass of lSl0? What excuse can the Whig party render to the people for such a state of things as is here presented? The extra session was convened 1as they said) for the express purpose of pay ing of the outstanding debt of MT. Van Bmen's administration, and 10 provide suf fcient revenue for the wants of the Govern ment Then, why were those objects not accomplished? How does it happen that those gentlemen, after having full control oi the Government for two whole years, arc now about to leave 1t in condition so much worse than they found 1t.