Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-03-12
GEORGETOWN. O, TUESDAY MARCH 12 ls44

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are less than the expenses, BY defcien>
cy estimated officially, by millions BY
the assumption Of this 200 millions OF
debt, the deficiency would be prOPor-
tiOnally.augmsnted. This subsisting and
newly increased ldefc ency would have
to be met and provided for by either, an
increase Of the present tariff, and its ex'
tension TO such necessaries Of life as are
now classed among free articles, or BY a
resort to direct taxation by the General
Government. Such an increase Ofthe
tariff would add 10 the wealth and iDfu>
ence Of that already powerful privileged
class Of protected eastern manufacturers,
nd give them an unjust aud dangerous
power in The administration Of the Gen.
eTal Government.
7. Because it is the most certain
means Of accomplishing the great fede-
raj design, of a strong concentrated and
consolidated Government, under the di.
reelion and control Of a powerful, privll-
eyed and protected class Of wealth, in.
tercsted in the support Of the govern
ment, in oppression for their benefit.
The assumption Oftbis amount Of debt
and the issue Of scrip, based upon the
public lands, would demand the agency
or some institution, or especial depart.
ment TO manage that large amount OF
debt. This institution would be either
a National Bank, uch as that established
bV Alexander Hamilton for the same pur-
pose, or some scheme Of an American
British Exchequer. In this scheme Of
assumption then, is developed as cOnse.
ouent upon il, the whole ancient, modern.
and only system, or scheme, Of Federal
measures and policy, Of Government, an
enormous national debt, with its thousand
cormorant fund holders. faltening upon
the revenues Of government, wrenched
from the hard hands of oppressed, de-
spiseJ, and degraded labor. A National
Bank with immense real or fictitious cap
ital, as necessary for the management Of
the Gebt, drawing into its corrupt aud
cOrrupting vortex, every pecuniary inter-
est of the country, by its direct and indl.
rect bribes to politicians in the form Of
saccomodations,' facilities aud fair bus
siness t:ansactiOns,' poisoning the
streams Of liber'y and law, in the halls Of
National LEGISLATION, and by controlling
the legisIat.ss, governing the Govern
men,. And finally : high protected tar
| if; creating aristOcracy Of wealth in the
manufacturers, mole odious than the he
redltary noblesse Of monarchy, interest
ed in sustaining the government, and the
bank, in oppression, injustice, and dis
regard Of The rights and interests of the
| States and OF the people. These would
indeed constitute a government, ca7a-
BILE of maintaining itself against the ig
nora nee, the passions and the folly ot
that sense less and unruly mob, as fed-
eralism seems ever tO regard the peO.
pie.
i Secure these measures, and abolish the
veto power, and a corrupt party cOngres.
sional msiOrity rules supreme. Federal-
ism is the same now under the name Ol
whlgism, and under the dictatorial lead OF
CLAW, as il was in the days OF Hamilton
! and The Elder Adams. Disguise il, deny
it, as they may, their interests, their sym
pathies, their objects, and their measures,
are still the sans. Like the Bourbons ol
France, "they learn nothing, and forget
nothing"
1t is scarcely necessary 10 argue:
8. That tho scheme is utterly impracti
cable.
WheG we see the Government with q
debt Of only thirty millions, and higt
tariff, such az the present, with the aid o
the proceeds Of sales Of public lands, una
ble 10 meet an annual expenditure o.
TWENTY-FIVE millions. We know not which
10 wonder at most, the besOtted folly, oI
the base corruption Of men, who wOuIC
advocate the voluntary assumption, in vic
lsaion Of the constitution and Of common
Justice of debt Of 200, 900 ,OOO, which hi
Governmen Mt never contracted, or had AM
agency or control in creating. The inter
az, Of this debt. eveNGt the low rate o
three per cent, would add just Q, 600, ,OO(
+ per annum, TO the burdens of the Nation
, al Treasury; and if the principle were Il
, be provided for (ss proposed in Wm
' Cost JohnsOn's scheme) in 80 years, Their
would be 6,666, ,666 additional per an
mum, making for principle and interes
4 for 80 years, an annual burden upon th
f treasury, and tsxatiOn upon The people O
9 $l2 ,666,666.
|. YET, unconstitutional, unjust, Opp'cssiv
Q and impracticable az this scheme IS, it il
IS in our opinion, the settled, determined q
o tavOrits policy Of the whig party. The
a DENY it when directly charged upon theu
!" they evade or dodge i. when called VI
Is on for a distinct vote Of apprObation {
condemnation. Yet. while they deny il
ID ole place, they are insiduOusly urging
10 in another It is too appropriate for Il
,. accomplishment Of their purposes, and Il
= we'll calculated TO effectuats their visV
p. aud wishes in regard 10 Government al