Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1844-05-02

tained-$i6, e2O,I93; and one quarter
at same rate.
(c) Estimated by the Secretary, for
the fiscal year. i ~.
This is, on an average, $24, 1885,
ITO year; and the result will proba-
bly, exceed that, unless the democratic
party succeed in cutting down some
of the large estimated expenses for
1914. This is almost twelve millions
a year greater than was promised be-
fore the election; is ten to eleven mil
lions more yearly than the average ex-
penses under Gen. Jackson, and three
to four millions more annually than
the average of Gen. Jackson's and Mr..
Van Buren's terms united.
Another consideration connected
with this subject, and | leave it for the
present. ... :....
Besides the reiterated charge of great
expenditures in amount under MIR. Van
Buren,, which the Wings engaged to
reform and reduce to about thirteen
millions annually-but which, instead
Of lower ing, they have actually increa-
sed, from the twenty-five and half
millions Of his'last year, to more than
twenty-six millions in one, and higher
than that proposed in another year
they complained grievously that the
expenses under Mr.. Van Buren, were
not met by the revenue of each year.
tits true, that, including appropriations
added by Congress, and large draw
backs Of revenue not stopped though
requested, a deficiency occurred of a.
bout five and "a. half millions. in. the
Whole four years; and, in consequence
of that, something like that sum had
been added to the temporary debt on
the 4th of March, 104l, when Mr.. Van
Buren, went out Of power. [See Mr.:
Forwards report to the Senate, No.
Al, January 10, 1872 But this was
the whole of the false forty million
debt, created under him; while, as to
the $26, 742,9 48 debt-which, accor-
ding to the last annual report from the
Treasury, now exists-all Of it, but
that five or six millions, has been. crea-
ted since, except about a quarter of a
million of the old debt, and million
and third assumed by Congress on
account of the District of Columbia
Indeed, Mr. Clay went so far, in words,
as to pledge himself, and caused his
friends in the Senate to pledge them
selves to prevent such course; but
still recklessly plunged into it.
They united most tremendously in
passing this resolution: (taken from the
Journal in February, 1929
Resolued, That it is the duty of
the Government to provide an ADEQUATE
revenue within the year to meet the
current expense of the year; and that
any expedient, either BY loan or by
treasury notes, to supply, in time of
peace, deficiency of revenue, espe-
cially during successive years, is UNI
wise, and must lead to pernicious con-
sequences"
Yet, in the face OF this, he and his
friends have, every year since they
came into power, violated both the
spirit and letter of the resolve. They
began by giving away the revenue from
the public lands, and next failed entire,
ly in providing what was adevuate from
other sources. They have, every year
after, in period ofprofound peace, re-
sorted to the shifts ofnew loans or new
treasury notes. And, after thus swell
ling the debt to more than twenty-six
millions, they contemplate an expendi-
ture this year and the next, which, I'M
less prevented by retrenchment or new
taxation on the people, will cause fur
ther deficiency and debt, which the
Secretary Of the Treasury estimates at
$500, O59 more. At the end of the
next year, their debt may reach $780,
100000. How much they will retrench
IN expenses, to obliterate this, unless
forced into it by perseving frmness on
the partof democratic members-whose
unhagglng. exertiohs have accomplish
ed all hitherto affected-can be inferred
from the past.
In the Senate, where Mr.. Clay's
majority has been decided during the
whole period, numerous additions of
appropriations and expenses have orr
glnated, rather than retren chments )
and, among the former, that most I'M
warrantable donation to Wing printers
Of near fifty thousand dollars. There,
the reductions attempted by democrats
in the other House, have also been
thwarted in many instances, and in 9th
ers defeated. And there, last, but not
least,.in strong proof that the wing par
ty, as a party, mediate no real re-