Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1846-07-10

say that this is not well founded opinion. J.
have all proper respect for the source from
whence it comes but | will venture to say that
it is but an opinion it hardly amounts 10 the
character of an estimate for want of certain and
positive foundation. We have no experience
from which we can derive "A satisfactory convir-
ton that such will be the result If were rcs-
ponsiblc, should not choose to place reliance to
any extent upon thisplan.
Well. the next increase is to come from the
operation of the warehouse system. ! consider
this equally void Of any certain foundation to
rest upon. do not see how million of money,
IN addition 10 the present income. is to be deriv-
ed from admitting goods into the country to be
carried out again without paying any duty what
ever ! really do not conceive that the facility
OF carrying goods through the country without
the payment OF duty, is going to produce rs =
million of dollars. This is n matter of which /
should like TO minute details | should like
to see calculations made by which this result is
expected to be accomplished. AT present do
not see the practcahilitv of il.
And 30 in regard to the public lands it may
he that the passage of graduation bill would so
enhance the disposition TO buy by reducing the
price, aS considerably 10 increase the quantity
sold but that that increase will bn 50 great a
/ to produce an ovcrplus of half a million or any
| other sum. notwithstanding the dmnution of
price. Is. think. a matter of opinion which can
not be relied upon. SO that these sources of in
| come appear TO me to be rather too uncertain to
! he the foundation of any satisfactory provisions
there appears rather too much risk in making
mere opinions not TO say conlccures the basis
of legislation for producing revenue for the pur-
pose of Government.
The truth is. that, if this war continues. we
must have substantial taxation. or we must
incur public debt. We cannot look TO Treas
ury notes as revenue if they assume interest.
and are payable at distant day. they become of
course a public debt. There must then be a
substantial tax. or there must be public debt, if
the war continues. Our expenses very great.
| do not say they are unnecessary. | make no
mputation of that sort at present. ! am not
sufficiently acquainted with the particulars but
stated here some time ago. upon the credit Of
others. that of which am perfectly convinced.
FIAT our expenses have been half "A million OF
dollars day Forty days ago we passc,. an act
declaring that war existed. and authorizing toe
calling out of fifty thousand volunteers. We'll
sir, have n fall conviction that the military en-
pcndltures of the Government. the expenses ol
raising cqu prinG. and trans porting the force
which has already been called out, will be found
TO have cost twenty millions. or very nearly that
amount, at this moment. Some portions of ON
warlikc preparations are peculiarly expensive
] mean the regiments of mounted Volunteers
They are necessary. suppose for the nature O
the service but there was a document publish
ed hcrc--a communication. | think. from the
War EXPERIMENTATION Mr.. PuinSett was Sec
rotary, in which it was estimated, if mistak,
not that regiment of mounted rcmen il
: regular service cost the Government per annun
!, aS much as three regiment of infantry, racf
, composed of the same number of mon. An,
there j. good reason to believe that these occa
, slonal regiments of volunteers will be still NOR
ted with this war is calculated to increase tin
, expense. The vast distance TO bc traverscd
| makes the COS, of Transportation very great an,
it becomes the duty of Congress to provide to
this extraordinary eXpcnce. ] do not say tina
the expense ought not to he incurred | onl,
say that from the nature of the war. the eXpcns,
, must necessarily be very great. And take thi,
, occasion to say. that have seen with grca
pleasure the alacrity with which volunteers hay,
rushed to the public service. A spirit of patri
+ otsm and devotion TO the country's interest ha,
been manifested of which we may justly bl
f proud
But. upon these sources of revenue let m.
make another remark, though perhaps it is to,
obvious TO require notice For one-half the de
, icicncy the Government proposes to rely OF
Trea Sury notes or loans. Well. if this be 30
, them of course. ! suppose the idea of prcssin!
for the present the independent Treasury. o
, Sub'rcasrrv. must be abandoned by every one
for. what would be the use OF Treasury notes nm
der Subtreasury administration The issue o
Urea surv notes would be perfectly inconSistcn
with the Subreasury system. 1t is quite plail
that if the government. for its own use is driver
10 the necessity of issuing paper, it can have IL
occasion to make provision for locking mp it
treasures The SubtrcaSury system makes i
l,,.
They are therefore entirely inconsistent viii
each other.
With respect TO loans. ! beseech gcnGcmrl
not to deceive themselves. There is none
enough in the country, it is true, and the credi
| of the Government will be good, if we lay sucl
taxes n, will produce revenue; bat, if gentle
men suppose that loan is 10 hc contracted il
I this country for the use of the Governments t.
= be paid in specie. in the expectation that tina
: specie is to be locked up, they will find them
selves mistaken, Those who hold capital vii
| consent TO no such thing. II the Government
makes a loan, it must he made in the ordinar,
I way-payable by instruments or otherwise, nm
a der circumstances that will show that thi
: amount of money is not TO be- drained from al
= the operations of private life. take it 70
. granted, then if loans are To he made the new
: method of keeping the public money mast be
: abandoned.
= And now. sir. having said this much in rcla
e ton to the ideas communicated to ~ rospectin!
y the mode of raising revenue, | desire To add
\ that. in my Judgment. the time has come To aSl
o for the object and character and purposes io
: and under which the war is hereafter To he con
= Quoted The people of this country, while they
= are willing To pay all neediul expenses wlnl'
! they are DESTROYS of maintaining the glory OF tht
e American arms while they are ready to drlent
It every inch of American territory, aud nalntnI
y all the essential rights of their country; the
{ people. if | do not misread their desires, now
! wish 70 know the objects and purposes and end
0 for which this war Is further TO be carried on
, There is not now a hostile foot within tine limit
: of the United States Our army, at first an ar
. my of observation. then an army of occupation
? has become an army of invasion; ! will not say
=; unjust invasion: but it is cncamped at this mo-
= mcnt hcvon1 the limits of the United States, auc
: within the acknowledged territory of Mexico
: and. if we may credit the rumorS which have re-
p Gently reached us. a purpose is entertained a
; mlrchng Immediately aud directly To the city
of Mexico Well, now, the people. as | have
said. appear TO me to demand, and with great
f reason, full. distinct, and comprehensive ac-
: count oi the objects and purposes of this war OF
{ invasion. The President by two messages, one
of the 18th OF Nav. and the other of the 10th ol
I June, Signiics that he is ready to treat w'tll
? Mexico upon term, OF peace; while i appears
r at least A. far as we know now that Mexico Is
: not willing Ia treat. In regard to thus mus
, say that in my Judgment, il this be the state o'
4 the case, Mexico j. acting an entirely uhf''So"
t. able and scnsrless part, and the Golernlheh' o
i the United States, to this extent, Is 3cung
al NtaAL y