New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-07-24
The Wings and ,seir Measures.

1t is within the knowledge Of every lnte!h
gent man, that when the Wing President, Gen
HARRISON, came into Office, he found en- cmpt,
Treasury, and The country burdened BESIDES By
his predecessor in Office, with debts, for the pay
mcnt Of which no care had been taken, ana a re
venue less than the current expenses OF uhe 10Y
eminent, which, also} the "DemocEauc' Ad
m;nistration hadlelt unprovided for
An extra session Of Congress, at the carries
practicable moment, became inevitable, and
proclamation to that effect was issued by Presi
dent Harrison, as soon rs the state oil the finances
came ls be with any certain security.
! Soon after issuing this proclamation, President
Harrison died; but his proclamation held good
and Congress, having assembled, went to work tt
provide temporarily for the necessities OF the Gov
eminent, by authorizing loans and emission o
| Treasury notes, to an amount sufficient TO kef T
the Government agoing anti more permanent re-
venue could be devised. .,
AT the regular sess sion OF Congress following,
the Wings went steadily to work TO established a
revenue Tor the support OF the Government. ln
his effort they encountered the hostility OF all the
elements Of bold and confident minority. and re.
ceved no aid Ut countensnce from the few friends
the President had in Congress. The Government
was in The mean time become more and more IN.
volved, and irs credit growing daily less, until It
had hardly dollar In the Treasury, and Its cred:
was so far reduced, that an agent sent abroad 10
make losn, could iud no trace of it, after d.
fhgett search, but was laughed ct by all Europe
stor his pains.
In the face Of every difficulty, the Wings laid
themselves out upon the work, and, surmounung
all lmpedlmcnts, passed Tariff bill, which the
President put his veto upon for reasons more ex
ccptionabIe than even the exercise of the veto IN
such case. -
Discouraged but not disheartened- upon
dscharging their duty in the face of every obsta-
ole-the Wings again put their shoulders to the
wheels of the car of Government, by this time set
fast in a slough, and at the temporary sacrifice
of a cherished feature Of their plan Of Govern
ment, pa.scd another Tariff bill, which received
the signature of the President, because the Tariff
Act of 1912, and at once set the Government
machine again in motion.
This is the only part OF the general plan Of
Wing administration, which the Wings whilst
they had the maiofi,yn both Houses Of Congress,
were able TO carry into effect; and that they car
rcd it against the almost unanimous vote Of the
Loco Foco party, who hcgan, from the very day
OF its passa gc to threaten its repeal and have at
tempted to repeal it al every opportunity they
have since had.
The best commentary upon the policy OF the
Wings; so far as it is embodied in this act, is
'~--hpaIison between the condition of the Govern
tnent and c5untry when that law passed. and
their ccndit!UII now.
80 Then the Government was unable TO borrow
money upon any terms. Notr, six per cent stock
of the United States is selling at fourteen per cent
advance on its par value, and the Government
could, without difficulty, borrow a hundred mil
lions of dollars at less than per cent interest.
Then, without d llar in the Treasury, the
Government was dependent on fresh issues OF
Treasury Notes, (below par in the market,) for
meeting its engagements. NOic, there is an
amount of eight millions of dollars actually in the
Treasury, which will probably be increased by the
first ofJanuary next, to surplus Of Twelve Mil
lions Of dollars almost enough TO cxtngulshed the
whole debt created by the last Administration.
= Then, in every vocation in life, and in every
branch ofindus!ry and trade, were visible stagna-
ton, 'despondcncy, and dismay. Nor, in all
branches of industry, agriculture, commerce, and
manufactures, there is comparative activity, on
tcrprise and prosperity.
1t is the only policy which has brought these
blessings that the Loco Focos arc bent upon dcs
troying Ii was against this policy that all the Ell
forts of the leaders of that party were bent at the
last session of Congress. 1t is against this policy
that they are waging the most deadly warfare in
supporting the election of Mr Polk, known to be
opposed to it, against Mr. Clay, its earliest stoadl
/ est, and most jealous advocate.
/ Choose &c, People ofthe United States, between
these opposing candidates, and the antagonist
principles which they represent! Nat. Intel.