Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1846-12-17

20 tta Msucst pors. and II IL not sp
s..nded that any nation will rioliie ~
tfs'ty Nv sofsuag sach pfiTer 10 be COO
,n.d sns .old -uhin rs jurisdiction.
tsc,snnsnd ihst Congfss. should imme
= srl, provide By isv 6~ sfsa,ias letters 81
sr.vs SOD reprtssi sssisss vessels sailing
.ss- si.s Meriosn fss. u 10 true that there
boz Gw. N sny oommetrtsl vessel. oil
,tics sgan the high sea. and IL IL there.
- 90 fsehsble that many Ams tirsn p,i
,eett ~eDld Ia hiiei oct, IN case . Law
5ais pass su'bsnHlng that mode OF war.
.. u -. r"iwrhstsnding. certain that
70 PR ssefs snsy render good service 10
ccmasrial ttfervst OF the country by
,piv''er or merchant ships, should an,
t'ten ~ srn.d vessels under the nsr
% Fisg, - cell 80 D., cauiuuue these
se' h'mselSss Eset, mean. within
po-sf should IL rendered sviilable Tor
No,souoa Of sSi eJmmefre
10 snnusl reprr o. the Secretary ~ tho
''sufy vii exhibit q ided Nstemsr;
me CONDITION Of the hnsnc~s
ne inpofts lnr the hsosl year ending en-
ISth ~ June lsst were ot tue vaIy~ al
~ ohi,T9 ard the amonnt -rpo,t-d "a,
I'9toStJ. lestioR TIE smouniretsiaed In
eountfy Tor domest cOn,umpiionsIot.
''t The salus OF .lle eIport. Tor The
ne p-nod Vas eiis.tss.s $40 OF winch
W. o''nsis,sd Of domestic p,odue
~ wa VII 'sfe.ot3 Of foreign snicIes.
'he feoep's into the treasury fpr the s.m.
were ess .tes, ft7.os Of which ,he,.
drflpad fsss- ~.-.----- Ss~a~ss,-~V.s,s
M Tho sa'es II public lands s2.sos.ts? ~.
I from lncidental snd ni.oell.a..,.,
sfees. es2.i2d,7i. The e1pe nd,uf,s ~
,ume period were e2s.03i.iis.ss. an
balance 10 the Treasury on the i.t d.y
lvly last was t9.l26.430os
The amount Of The public debt, including
.ufy notes on the LIST Of ,he ptese ut mon,h
IS t3t .23s,tot 90 Of which the sum Of
7es,s99,a2 was outstanding on thr 4ih 81
Hch, lhf3, Leaving the smount incurred
&c that line, "a, 49,, 69t,gs
10 order 10 prosecute the war with Mer-
"ah enegy ard vlgot, ~ The best me n.
GngIne II Ia an honorable and speedy
ninsiion. further loan will he ne.es.1.
' u't, the expenditure, 'ur lie present
ne Ter neal years Il the war should
continued untl the 3Oti OF June 1915
ins The end o the neat fiscal year-it is
inAted that an additional loan Of twenty
80 millions oi doilsts viii be required -
estimate IN made upon this assumption
az VIII he necessary TO retain constantly
NE treasury ipur millions Of dollars TO
'ti against contingencies. If such sur
" we're not required 10 he retained, then
'ean OF nineteen millions OF dollars would
suihctent. IL. however, Congress al the
ssebi session, impose a revenue duty on
principal articles now embraced la the
e hsi, II IL estimated that On additional
husl re'enUc OF about two millions and
AN, amounting, 1t Is estimated, on the
OF June ,isis. tn four milliOns Of dollars
7u'+ oe derived from III source and he
~ teqolied would be reduced BY that a.
'uh' IL ~ esumaied also, that sbould
'ngiess graduate aud reduce the pric. of
Oh ot the public lands a. have been lono
The market, The additional revenue de.
ed ION that source, would be annually
several years to come. between half a
Him and million Of dollars and the
40 required may be reduced by that amour,
I" Should these measures be adopted,
loan required. would not probably ex.
ed eighteen ofninoieen Millions OF dol
~ 'sarlng ia tbs ,ssssuIy n constsnt suI.
. Of iour millions Of dollars The loan
opposed, tits estimated, will be sufficient 10
yer tho necessary expenditures. both for
s"at @hd Tor oil other purposes, W to the
III OF June, 1913 and an amount of this
m not exceeding one hall, may be rsauir.
c-nng the present hscs4 year: and the
eater part Of the remainder during the first
ui VI The hscal year succeeding.
In order that timely notice NAV be piyen
dproper measures taken 10 affect the loan.
uch portion OF u as may bc required IL
important that the authority Of Congress
make Il be given Al an eatly period Of
Or ptesen, session. Its suggested tina,
loan should be conir acted for period nj
enty years, with authority to purchase
stock and pay IL 81, at ar earlier per,o1
It's market value, out OF any surplus which
~ al any time he ~ the treasury appl,rs.
To that purpose. Aher the establish.
mt OF peace with Mexico, II is sIpposed
considerable portion viii exist, aud
81 the debt may be eiiin9ui>hed in mu-t
pr'er period, is suggested. because all e..
llcnre, both al home and abroad. has
so"n that loans are effected upon much
teller terms upon long time, than ~hen ,bey
are reimbursed al short dates
Necessary As thi. measure il. 1, .u,,,;n
Ihe honor and Interests OF the cauntf, On.
f'eed IN foreign ~m tits nos Joult.d h,,,
mat ConP'ess viii promp.y authuriz.
ne balance IN 'hc treasury on In. I,i M
July Ia" eis eeded nine rsililons Of dolI,,.
considerable elpendit,,,s.
had been made for the war dUrns the month,
o' nav and June preceding Bni Tor IN.
var '''." I- ~. lrl' Good a., o.,8,f
h-'' bee" eAL4gutsheI IN a .rort p-nnd ..
au u was psr Of NV settled polt,y IN do
SO 'A' lhUs relieve tie peopl. from IL. bn,.
Gen. and pisre the government IN a positin,
Which WOO d enable IL to reduce the public
expenditures 10 that economical aands,J
~hieh 10 most consistent with The general
eli~re, and the pure g. ~holesome progress
VI our Institutions
Amone "aF jos, esnsss OF complaint a.
ilIos, asEi,o, snslos out OF her refusal 10 !
treat iof peace, as well be fore as snoe The (
var 30 unju.lly Commenced on her part, are /
he extraordinary expenditures 10 which We /
lave bten Involved. Jusuce To our own
Psnple will make It proper that Merieo I
.'og'd be held responsible l1r these erpen-
esurcs.
t'onamy 10 the pob,c expenditures 10 al all I
mes hlRh duty which AL public function
avs al the government owe 10 the people.
al l.T -. .