The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1846-06-23
From The Baltimore Patriot.
TEE TAREFr.-TaEASDRE
EOTE Is Oh q LOAN.


!, -egard to the probability OF their being
deacIency in the revenue to supply the
wants of the Government, and what
m ,nsasurey-fle- would recommend TO sup
p,v the anticipated deficiency, have not
vel been answered.
That there WILL be a deficiency IN the
public cxchequer, is admitted on all sides
IL impossible that there should not be.
Mr.. Webster Yesterday, in the Senate
stated that the expenses Of the War De
partnent alone were hardly less Than
HALF A MILLION A DAY, equal 10 ONE
HUNDRED AND EIGHT4-TWO
MILLIONS FIVE HU n ID K Il d
THOUSAND DOLLARS A YEAR !!
At this rate the len millions appropriated
by Congress must be already gone, and
the foundation Of an enormous national
debt laid.
The Union, few days ago, had an ar
ticle on the subject, to which We find the
following reference in the Washington
correspondent Of the n. Y. Evening Post
IL. F..
"You will notice some speculaiions in
the Union upon the state of the tariff
question, in which there is a virtual ad
mission that a deficiency in the revenue
is not improbable, but accompanied by
the suggestion that il may be provided
against by the issue Of Treasury notes, by
q loan, the latter of which, TO almost any
amount, can be effected through the banks
Of New York. Now, regarding so much
OF this as concerns the banks, it may be
remarked that if the banks are tempting
the government to borrow these vast sums
of them at low rate Of interest, the mcr-
chants and regular business men, who
deal with these institutions have a right
TO complain that their own accommoda-
tons have been so much restricted with
in few months.
But in the main fact the Union is
right, A loan or an issue of Treasury
notes will soon become necessary. The
surplus of ten or twelve millions in the
Treasury at the beginning of this month
will be absorbed about the first Of July in
The Mexican war, and some extraordinary
means Of raising funds becomes inevitable,
whether the tariff be reduced or not"
The suggestion Of this writer that the
banks are tempting the Government to
br.Ow vast sums of them at low rates Of
interest" is very rich! The "rascally
banks" as "the party" were wont to
call them in the times Of the removal Of
the deposits, would te very glad 10 be let
of by the government from lending them
any thing, except it be in the way of sus-
tanning the country, in lis present war,
and then, Of course, they will do what
they can. But TO suppose that they,
burthened as they are now with the best
commercial paper, at full interest, are dis
posed 10 tempt the government to bor-
row of them at low rates. is like another
Of the suggestions of the official organ,
chat now when we are at war, and want
ali the money we can get, the tariff must
be reduced, the foreign importatons be
enlarged, the general Indebtedness be in
creased, and the whole country, as in the
war OF 1915, made to depend for even
the commonest comforts, which are pro-
duced by labor and industry, on England,
or some other nation on the other side Of
the Alanticl
Was there ever such madness as This
exhibited by any party in power! Not
satisfied with getting Us into war, need
lessly if not wickedly-not satisfied with
exhausling lhe money in the treasury
which the tariff Of 1912 had placed
inere-no! satisfied with running the
government in debt, until it is obliged TO
resort ie expedients TO raise finds to paw
her troops and feed her official depend
enis scattered like locusts, who come out
of the ground after seventeen years sleep
all over the land-not satisfied with hav-
ing done these things, which have paral-
wed business, in the great Southern
mart, and brought ruin upon many of its
best cinzens-not satisfied with having
done these things, to which the people
submit because OF their love for their
country, which is now at war-not sat
isfe1, we say, with having done these
things, reduced the government to want,
and exposed every merchant ship that
sails 10 danger of capture, Mr.. Polk and
his administration still persist in their in
sane efforts to repeal the tariff, because,
lorsooth, that was democratic measure,
promulgated by the Baltimore Conyen-
Iioal
Does Mr.. Polk think the people mad,
rs well as polriohc2 He May never ap-
peal to their patriotism in vain. What
ever duty may be required of them, what
ever sacrifice they may be called on to
make tor fhe country, they viii do and
make. He cannot involve us in a war
which they will not fight out to a sue
cessinl and honorable peace. He can
not bring down upon us an enemy which
they viii not face. II The enemy or
pose them IN ,caateosr force, theg rH
fga him." This they have done, and