Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1844-08-01
What the WhlgS have done.

h Ii is within the knowledge Of every
intelligent man that when the Wha
President Gen. HARRISON came iniC
Office, he found an empty Treasury, ano
the country burdened besides by his
Ilpredecessor ~ Office with debts for the
payment Of which no care had beer
taken, and revenue less than the cur
rent expenses Of the Government, which
also the "Democruiic" Administration
bad left unprovided for.
Il An extra session Of Congress at the
earliest practicable moment becnme ine-
vitable, and proclamation TO that ei-
feet was issued by President Harrison
as soon as the state OF the finances came
10 be with any certainty ascertained.
/ Soon after issuing his procalnaiion,
President Harrison died but his procla-
nation held good and Congress having
assembled, went to work to provide
Temporarily for the necessities of the
II Government, by authorizing loans aud
the emission Of Treasury notes TO an
amount sufficient to keep the Govern
men, a-gong until a more permanent
revenue could be devised.
/ AT the regular session Of Congress
following, the Wings went steadily to
work TO establish revenue for the sup
port of the government In this rHbr
they encountered the hostility OF all the
elements of bold and confident minori-
lIly, and received no aid or countenance
from the few friends the President had
in Congress. The Government was in
the mean time becoming more and more
involved, and lis credit growing daily
less, until it had hardly a dollar in the
Treasury, and its credit was so far ie-
Guced that an agent sent abroad TO make
IA loan could fud no trace or it after a
dIligrnt search, but was laughed at by
all Europe for It's pains.
| In the face of every difficulty, the
Wings laid themselves out upon the
work, and surnounting all impednens,
passed Tariff bill, which the President
put his veto upon for reasons more ex-
ceplionable that even the exercise Of
the veto in such case.
| Discouraged but not disheartend- -
bent upon dlscharglng MeW duty in the
face Of every obstacle the Wings again
| put their shoulders to he wheels Of the
car of Government, by this time
set fast in slough, aud at the temporary
sacrifice Of IA cherished feature of their
| plan OF Government, passed another Tar
III blll which received the signature OF
the President, became the Tariff Act of
| l842, and at once set the Governmen nj,
machine agrin in motion
L This is the only part OF the genera, plan
Of hi 2 administration, which the Wings,
whilst they had the majority in both
houses OF Congress, were able TO carry
! into effect and then carried it against
the almost unanimous vote Of the Loco
loco party who began from the very dav
of lis passage, to threaten its repeal aud
have attempted TO repeal it at every
opportunity they have since had.
| The best commentary upon the policy
Of the Wings so far as it is embodied in
the act, Is comparison between the
condition OF the Government and coun-
|. try when the law passed, and their con-
dilon now.
Then, the Government was unable to
borrow money upon any terms. .Nop,
six per cent stock Of The United States
is selling at fourteen per cen, advance
upon lis par value, and the Government
could, without difficulty borrow hun
drcd millions Of dollars a, less than FIVE
per cent interest
II Then, without dollar in the Treasury
the Government was dependent on fresh
issues of Treasury Notes (below par in
the market for meeting lis engagements
.Nop, there is an amount of eight mil
lions Of dollars actually in the Treasury,
which will probably be increased by the
first of January next TO surplus of
\ Twelve Millions ofdolars almost enough
10 ex'lngulsh the whole debt created by
the last Administration.
Then, in every vocation in life, and in
every branch Of industry and trade were
visible stagna'on, drspondency, and
dismay. .No'r, in all branches of indus
try, agriculture, commerce, ard manu-
Iacluses there is comparative activity
enterprise, and prosperity.
1t is the policy which has brought,
about these blessings that the I.ocoloccs
arc bent upon destroying
1t was against this policy that all the
efforts Of the leaders Of that patty were
hcnt at the last Session Of Congress. IL.
Is against tins policy iha, they are
wagiug the most deadly warfare IN sup
porting the election Of Mr.. Polk known
To be opposed 10 il, against Mr. CLAY.
lis earliest, sieadiest and most Jealous
advocate.
l Choose yc, People Of The United
States, between the opposing candidates
aud the antagonist principles which they
represent.-.Noiionat Mieiigencer.
\ Keep il before the people, that James
X Polk is the pripcipal stock holdcr in