Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-01-20

would have been violation Of tlat Act u the revenue
derived from them had been sufen, for the purposes u
The government, economically administered. Let ii b.
shown thai they Were adequate 10 this end. and We
shall al plead gully le charge of abandonog lis
espes, slpula,ons. But II cannot be 81 shown.
will II be pretended that II cannot be. The fact is
well and generally known that when The lafl Of
1912 was enaced. the pubc treasury wasnotony empty
bal thai large National Debt IN the sap pc OF Treasu
~ Notes and unadjusted balances already exsed-lhe
beuest Of Van Bufen's administration u It's sucecssr
II was manifest. too, that mol only must this Debt
main burden upon tbs treasury. but that il musl be
nually augmented. II HE duties MT Increases
Ia yield larger amount of revenue. The Wing Con-
gress. therefore, in literal conformity with thai prov
Of the Compromise Act, which required Thai body after
June, 1872 10 levy only such duties might be neces
s,ry 10 furnish the treasury with Amount Of revenue
adequate 10 The wants If the government, economically
administered proceeded to the ri revising table
Of duties for Tbs purpose. aud for Es purpose done
The result demonstrates the wisdom of their COURSE as
well as lis adherence to the very terms Of The Compfo
mise Act, which The admirable and eff ent Law OF
1872 Is said u violate by those who have for parry pur.
poses, raised camor against it. Ii the Whios had
enng to the 20 per rate ofd duty they would is
true, have cOniorned 10 the details that Act but
They would have violated its spirit and sacrificed to It's
letter It's true intent and meaning I'm had happened
i1r example, that ifom 20 per duties an amount Of
revenue had annually poured INTO the treasury more than
would have been sufficient for the legitimate purposes of
the government, whereby the continual accumulation of
plus In the treasury would have been unavoidable
will II be pretended that the duties should nerer have
been redueed,but that 90 per cent duties having been
liked by that Act wo had no right to 90 below that
point Assuredly not. In that event the very men
who now affirm that the Wings have violated The Com
PROMISE Act, because, in order to pay Of National
Debt the consequence OF annual expenditure greater
than the annual revenue, aud to meet the current de.
mands upon the treasury, the duties were increased be
You'd 90 per cent would themselves have insisted, (apd
properly ioo that those duties should be reduced below
90 per cent in order to diminish The reyenue and there
by To arrest the gnwing surplus. In short the lead
ing ''pflncipe" oi the Compromise Act is lhis-Mdt no
more rerenne shall be raised from imports Ma. is neces
sary tod ctoaply conducted gorcI1lea To this prnc
pie the Wings have conlormed their action And they
would be ready 10 reduce the duties below 20 per
cent should an oyer ,wng treasury require that reduc,
ton, as they were 10 90 beyond thnl limit when bank
rupi excheqner adnohsed them that that increase wa,
essential In the protection OF great national interests and
10 the maintenance and preservation of the public faith
Even II, however, the augmentation of duties beyond
- per CEN. were In ruth infringement of the prn
elPes" Of the Compromise Acr, (Which we have at.
tempted 10 show Is not the ac and ep5oaches io
that lnlraclion would come with bad grace indeed from
party, he poIlisacy and extravaganza OF which rem
defed departure from those principles necessary
W hen 1t IS remembered that Van Bureu even with "a
per cent duties exhausted the treasury havingex pened
surplus of some twenty odd millions of dnliars--and
that, not content with this, he created Il National Deb
Of millions more surely ii was rather too much to ex
pect that his Wing SUCCESSORS could conduct the govern
nent with 90 per cent. dues and pay of that debt be
sidesl
II, however. the Richmond Enquirer and its allies ar,
sincerely IN favor Of "eturn the principles" Of tht
Compromise Act, we, for one would By oblIaed TO then
If they would "show their faith by their works" lie
them taik less. and do mere. Let them manifest III,
sincerity Of their professions by the conformity there
wh OF their acts, They snrey cannot expect that ever
that portion OF the people who esteem hom as Oracles
will much longer regard loud denuncalions of the vii
lanles Of the Iarifo 1912 as sufficient at.nement f,
their failure when they have the power to repeal o
modify II! They will surely begin to doubt whether
after ALL II can be such monster, when they see it s.
long tolerated by those who call II So!