The Hillsborough recorder., 1846-02-12
From the National LnteIIircneer.


From the National IntellscnceE.
EXPENSES OF THE LAST WAR, &c.
We have no' had an oppor unity brlnre
today 10 place beIoIe our readers Ihs f.l-
low,ug letter. which has ,trUns clalIps TO
their attention:
To the Edi,ors Of the National Intclligcncer.
GENTLEMEN: The editorial sTucle 10 !
your paper oI Tue.d.y last has prompted
me 10 make to you this shOr comnunIcs-
lion. u fnrcIbly brought TO ny reeolIec-
tion some things which happenej in by
gone days. 30 winch was an tye-wilness.
sndin which | had some Ii',lr participation.
| sllude TO the very great embarrassmenis
. OF the q. yeIumeni in IT'S financial affsiis
al the time Of our last war 18th G,est Bri.
tain. The sia'emeht which you have
made in regard 10 tie difficulty Of obtain
ing money 10 carry on the war, 90 far
IRON being an exaggerated one, falls far
shOrt OF The real facts oi the case. Instead
of the Government paying ga premium
OF twelve per cent" on :he loans which
il Gbisined, twenty aud twenty five per
cent. were psld-lhal is to say, The Go.
vernment gave one hundred dollars in
Uni ed States stock for seven,y-fVe or
eighty dollars in bank paper, which, be-
inc itself not redee ulab:e e IN Specie, except
AZ snUriisr discount ofSfrom twenty 70
twenty-five per cent. uore .stbe diff treuce
in value Of course between ,he paper Of
the Government, and tie lawful currency
OF the country was from lorty 10 forty five
per cent. The whole Of ihe losses in
these exchanges frll, as matter Of course.
on the public. So much for The effect Of
War, upou our country at lea.t.
| But this WAS MT The worst part of H..
We we're drawing nigh To the brink ol the
precipice. The pesre concluded al Ghent
saved US from further and greater diiiicu-
ties and embarrsssments, msugre all the
spifi, aud courage" Of Mr.. Dallas, the
then Secretary Of The Treasury. in the
management of The finances Of the coun-
Try. lie could not, any more than hi.
immediate predecessor. extr,c. blood
from a turnip. The ruth is, lie peo.
lie Of lhis country will not submi, To be
taxed very heavily il il be done directly;
and every body who will reflect on The
subject must know that We c1E raise bul
: lnile BY duties imposed on imported ar
tcles when we are at war with such q
maritime power as England. Our pasl
experience ought. therefore, to have taught
ns this lessOn-thst our Federal Constitu.
tion was made FRI slate of peace; that
we cannot (keepng that instrument at the
same time whole and entre) cary on a
long and expensive war ucctssiully with
formidable enemy, such as England,
unless ilbe one purely defensive, IN which
| believe we might defy all chrlstendom.
Now, gentlemen, mark what say: the
yeomsnry Of this country will no sustain
the Administration or the madcaps in
! Congress in war with Englandfor " The
whole Of Oregon" or an inch hey yond the
forty-ninth degree of north latitude, If, in
deed, quite so far as .hst Remember thai
| speak OF the yeomanry--ihe tax paying
people Of the cnuntry--n't of your idle
l brasl,og poInic,ans and demag"gues oI
our cities and villages, where men meet
in hotels and al the corners of stteeIs 10
: discuss and $, tile the affairs af greal
J lnarinn in accordance with their own self.
3 rsh views and interests. Do not misun.
: iderstand me. do not say that we shall
e hive no wsr. about Ills Oregon question.
: On that subject have my doubts and my
= liears. The President--and. be j. remem.
e bered that voted the electoral ticket thai
: helped 10 elect hlm--Ihe President, say,
took wrong position in this matter from
= the beginning; he has not yet got right
: Had he listened less, or rather not At sll
TO men who are mere politicians by trade
+. seeking placesforahemselses andihe il kin
a utterly dlsregard.ng the erea, aud perma
Q nent interests ef The country. he would no
: have been in The predicamentin which ht
: finds himself. The real friends Of .heChie
Q Magistrate and the country stand aloo
Q hen they sec the Execuuve mansion sur
: rounded, and he himself be set, by misera
$ bic squads of ofIice-set kers and solicitor,
i for public patronage. I, is enough to dis
+ gus, every bighminded rejecting man Il
II witness such things, Bpt enough Of this