Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1844-03-15

: that Mr. Van Blren had himself cootrivs4 N
Whole plan Of breaking down this sysiem whic
would ere now. have elevated this country 70
! point OF prosperity and power without parable
and substituted this own destructive systet
which had crushed This crea, nation in splie of a
It's youthful energies. dovn TO that degraded con
dision struggling amid bankruptcies, and repudi
alton. State, national, and intivIduaI ia which /
was found when the last Wing Congress assem-
bed. and from which that Congress had succeed
ed IN partially relieving it by passing the Tarii
OF '42. and thus restoring the protective policy
10 prove that Mr.. Van Buren, was, in fact, III
author OF eli this mis- chief, he referred to his lei
ter TO Sherrod Williams OF Kentucky, dated a
Albany, the Sh Of August. 1895; IN which h
says, mat although he doubted the constitutions
power of Congress to distribute the surplus rev
enue among the States, yet. that he had flavor
ed the idea as the only means Of arresting mi g r
nal improvements by the General Government;'
that General Jackson had concurred in this opin
ION, and be had accordingly recommended thi
plan Of distribution, not IN one, but in two mes
sages. in which all the objections now urged b,
MIR. Van Buren's friends against II, were fully
and satisfac ,oriiy answered; and he would com
mend this message to tho attention of gentlemen
now opposed TO distribution. They would find
this policy most ably advocated and defended Ia
Gen. Jackson's annual message, dated 7,h De-
cember. 1880, in which the fear expressed
that Congress would appropriate the money 10
LOCAL objects, and to avoid ihis he recommended
that II be given TO the States that they might ap
! propriate IT to national objects
Comparative expenditures of the van Burer
and Whis Administrations.
| When Mr. Van Buren came into power, hs
| found the Treasury with u surplus Of S45, us,
463. from which. dodnoi onas aiiubIo f"de aoe
amount deposited with the States, and il still left
an available surplus Of upwards Of Is millions OIL
dollars. 10 which. add proceeds of bank stock
&c. sold, upwards Of 81 millions, making about
mtftIOps of IF finn
all this, aEd moro than 81 millions year Of rev
enue, he left the Treasury moro than millions
OF dollars IN debt besides outstanding debts and
claims amounting TO several millions more. On
the other hand, Me-. Adams (when this exploded
and Denounced American System was in opera
tion) with SIX millions a year less revenue. aid
off in years, upwards. of 10 millions Of dollars
of the war deot. and lef, surplus of about SIX
millions IN the Treasury when he retired. Du-
ring Mr. Adams Administration, when liberal
appropriations were made for internal improve
ments,) the whole expenses Of Government a
mounted on an average, TO abol, lea millions a
year, while, during Mr.. Van Blrens adminls'ra.
ton, they were increased 10 average Of more
than 81 millions per year, and IN one year Ia
more than 81 millions, nearly three times the
amount expended by Mr. Adams This was the
economy and reform Of Mr.. Van Buren's ad-
ministraiion, and II was the benefi and blessings
of this system gentlemen seem anxious 10
have restored (Order, order, from all sides. y
These were "spoils" worth having; and no n
DER they somewhat impatient 10 have the N
again: these were facts which be was prepared
TO establish by official documents; and such was
the difference between the Tnn Buren, and The
American or Wing systems. (Hero was gener-
al call to order and much confusion. As this
seemed TO be- an unpleasant topic, Mr., S. said be
would surn bis attention 10 something else.
What the last lphi9 Congress, had done for the
country.
Several gentlemen had inquired what the las,
Congress-the Wing Congress-had done for
the country Ii 10 order he would tell them
they had restored the national prosperity by re-
storing the protective policy. The beneficial eff
fecfs Of the Wing tariff Of IL, were already seen
felt. and acknow lodged Throughout, this country
Iii had revived manufactures, created new mar.
kets for The farmers, and had given employ m 70 {,
10 laborers every where-it had turned the ball
ence OF foreign trade from about 90 millions, the
average balance for the las, 10 years, aga,ns, Us
TO very large balance IN our favor, (with Great
Britain alone the balance last year Sl3 60I :
Oo9 10 our favor) resulting 10 the importation of
y millions of specie, which had found iis way
into the banks. enabling them to resume specie
payment; thus restoring sound currency, aud
reducing the rates Of interest from or per cent
per month. to or per cont per annum. And
whilst 1t had conferred all those benefits, and
many more upon the country, II had at .he same
time increased the revenue from customs, as ap.
peared by ihs late Treasury report, from Sl3.
1876, S3i IN 1910, to SlS,l76.7SO IN lsl2 and
al estimate reyeuu from customs of 20 millions
Tor the current year. (and he had no doub, it
would exceed by or 1 millions this estimate
making an increase Of revenue in 1912, over the
year 1910, Of more than SIX millions and half
Of dollars Yet the Globe end Mr.. Van Bureo's
friends here are crying out "reduce the tariff 10
increase the revenue" when we had too much
revenue, the cry was. "reduce the tariff 10 reduce
the revenue" SO. whether We have too much
or TOO little, the remedy The same; reduce
the tariff! reduce the tariff. This was the great
panacea, the Van Buren, nos,rum, to cure oil dis
eases. (Here was another general call to order
Mr.. S. said he was but answering the Inquiry
"wha, had the late JVhig Congress done for the
He showing the important fact,
that they had done moro for the country than
had been done for the last II vears--,hat they