Ypsilanti sentinel. [volume] (Ypsilanti, Washtenaw Co., Mich.) 1843-1900, 1844-07-04

4
was the condition in which they left the
Government.
We ask the public. therefore, to judge
whether the Debt which exists was not
entailed upon US by the las, Van Buren,
Congress. They ought to have increased
or levied new duties-Mr. Woodbury.
told them they must do so--but they would
not An Extra Session of the next Con-
gress was deemed requisite to provide
the ways and means-Is not the cost
Of it fairly chargeble on their neglect of
duty? A debt was incerred (nearly all
really existing in one form or other
when the Wings assumed the reins) on
which Interests to the amount of $685.
5O7 was due. Is not this also fairly
chargeabIe on those through whose vii.
fuI neglect of duty the Debt origina
ted Z?
The Wings came into power at the
Extra Session, and Immediately commen-
ced measures tending to restoration Of
soIvency in the Finances. they promptly
Ievied'a provisional Revenue TarIf,which
added TO the Revenue in The three remain
ing months of ls4l The sum of 9lO, 224 or
at the rate of $500. 600 year'--They
next proceeded to digest new admirable
Tariff. which as soon as il could make it.
self felt on the Industry and Business of
the Country, reversed the discredilabls
Stale of things which had so long been SUI
ferd to exist. On the first day of Decem-
Der last. that portion of the Debt which
has been created since 1887 ( Loans md
Treasury Notes together) amounted to
S25,lS2, Oss, orsl9.O7s,5 500 more than on
the 9TH of March, ls41. But there was
OH the LIST of Decembr last, a balance Of
$2.250,0O0 in the Treasury, against hall
Million on the 4th of March, '37, which
would alone reduce the apparent aug
meniation of Debt by nearly two Millions.
But Mr.. Barnard valves this, and balan-
ces the $4,000, 900 of increased Debt
charged on The wings as follows:
Appropriations made bv the
V. B. Congress Of 1857
over and above the Rev. a..
enue provided to meet themS5, 703, 5l4
Balance Of former Appropri-
atoms left by them aud
paid by the wings: 5,719,90l
Additional amount paid since
1871 for old arrearages. 3,2S9,535
Amount paid for Interest on
Debt: 1857 .5O3
Total old scores paid off by
the Wings. S1S.Os0.457
Leaving against the Wings s 99s. 454
But this was the state in December
last. Since then very great excess OF
Revenue over Expenditure has accrued
under the Wing Tariff-amounting 10
several Millions. The Treasury Notes
outstanding had been reduced between
the LIST Of December and the LIST of June
S1.e11.743. This alone would bring the
balance handsomely in favor ofthe wings.
As Loco Foco onslaught on The Wing Tia.
riff has been defeated for he present,
there can hardly be doubt that The
public Debt will be reduced this year by
at least TEN MILLIONS, and, If the friends
of the Tariff be in power, the entire Debt
will be paid off in two or three more years
The total amount Of Appropriations by
the Wing Congress is stated by Mr.. Bar
nard from the official documents
At the Extra Session, in aid
of the service of the year
ls4l. $500. 705 o.
For the year 1912, 2O.O7l.277 SO
For the half calender year in
1643, and for the fiscal
! yea, ending June 80, "A "a ,669, 145 20
To these add the amount Of
"permanent and indefinite
appropriations" viz: for
1912 $685., 1000 90
For half calender
year in 1643 732.643 40
For the fiscal year
ending on 30th
June, 1914 100000 00.2, 1854. 642 49
Total appropriations for the
period 52,l37,770 70
the receipts of revenue from ordinary
sources. exclusive of loans, Treasury