The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1846-07-31

LIANT spirit which our people have, without
distinction OF party, manifested IN defence
, of their country, and OF none more SO than
the cheerful promptilude with which the
citizens OF my owe patriotic and noble State
have met the acquisitions on their patriot.
ism. feel especially proud Of the sallan-
Try Of my own district, the first IN the State
10 tender the services Of an organized com
pany Of volunteers. But, sir, whether this
war is TO be long or short one, II will
be a very expensive one. We shall have
a heavy bill 10 foot up. The expenses Of
The Florida war will be small IN compari-
son with The inevitable costs Of this war.
Now, SIR, prefer that, it additional means
are wanted for the prosecution OF this con.
test with Mexico, they should be provided
in separate war bill Of duties, aud lint.
ted IN us duration to the continuance Of the
war. A peace policy ought To DO pefma'
nent Bot the Jolly Of reducing existing
duties aud curtailing tho sources Of your
revenue at time when your PATRIOTISM
demands more, Is, 10 me, most extreme
and unlustifiable. What, SIR, will be the
end 81 this nbsurdity You will be COM
PEELED to resort again TO the indirect and
most odious form OF loan, in the shape OF
Treasury notes. | predict that IN less
than ten DAYS the chairman OF tho Com.
mlttee Of WAYS aud Means will present a
! bill for the issue Of from ten 10 fifteen mi
! lions Of Treasury notes. This, too, SIR,
will be done al The same time that YOU are
descanlng ou the beauties of hard money
currtacy, and 10 the oct Of passing thai
most objectionable and OH rejected meas
ure Of the sub-treasury, requiring all pay
ments to the Government to be made Ia
noId aud silver. What wonderful cOnsis.
lencs These Treasury notes are intend.
ed 10 furnish a paper circulating medium.
Besides sir, at this very time J suspect
the Secretary Of the Treasury either has
or Is about to issue a Government curfcn.
cy, entering into the common circulation,
N the shape Of checks on your dcpo,ito-
ties, for sums of hundred dollars and iliy
dollars, in the way OF payments TO the Co
vernment creditors. In advance, pro.
nouuce ms decided aud emphatic condem
nation OF tins course oil proceeding as most
dangerous, and gross violation Of the
powers vested IN the Treasury Depart
meEt.
There is one contingency IN which viii
vote for these Treasury notes, which |
have no doubt will be asked fJr from Con.
gtcss, and that IS, that they shall DO shown
10 BE- lndlspensaUly necessary to meet our
expenses "a time Of war and even then
would prefer the good old fashioned and
honest method Of u loan. Both modes ere.
ate public debt bat the ono is open and
easily understood by the great boJy of the
people, While the other IS disguised and Dc.
ceptye. But, sur, again ask thi, House
aud the country What can exceed the follg
aud impohcy of reducing Your income
while your expenses are increased ! What
sir, would be thought Of the wisdom ur
lofecas, Of an individual, 10 any ayacatior
III life, who should at the same moment N.
crense hIs expenses and diminish his mean,
Of dIscharglng them
But gentlemen dcny this conscqucnce
aud insist that the means Of the Govern
nleut wlIl be increased BY a reduction Of
the duties. Some most remarkable and
miraculous virtues are attributed to this
bill. When tie law Of l5i2 was enacted
one Of The great objections urged against i,
was that II would not produce enough rev.
enue and would diminish the lmpoftatlons.
When this prediction was laIsifcd by ac.
Iuui results al the Treasury and Custom
house, II was then objected against the law
because II raised too much revenue. If a
/ system OF imports realizes a permanent
surplus IN time Of peace, AMI when the
country IS out Of debt, It certainly would
require modification by a reduction Of the
duties. Bat, sir, what wonderful proper
ties are discovered IN this new scheme Of
haance and revenue The profound states
nianshlp OF the Secretary Of the Treasury
presents tho same measure 10 suit every
contingency OF the necessities of the Coy.
eminent. II answers both the purposes of
peace and Of var. The same arguments
have been applied to both conditions. lis
philosophy teaches that when there il
surplus, reduce the duties, and when there
IS deficit, still reduce the duties. aod nil
will be right When We have too much
money IN tho Treasury, low duties are the
| Panacea 10 reduce the plethora Of the sys.
TEN, but when wo want more money low
duties are still the nostrum by which The
arteries Of the Government are To be re-.
plenlshed with the stream of life This
policy like the nostrum of quack which
operates equally well IN directly opposite
conditions Of the system. Sir, thus was
not the wisdom Of our predecessors. In
the last war with Great Britain, without
the AID OF recent lights, our statesmen
doubted all the duties on imports 10 in.
crense the revenue. But ,oe are TO have
an Increase Of the mporlations to increase
the means Of the Treasury. Do YOU ex
peci' sir, to enlarge the ability Of the pco
pie to consume foreign goods by the pas
sage OF tins bill II WIN you not rather
lessen 1t, by Gripping the resources of the
country aud destroy ,ng the prosperity Of
the people I But suppose by this measure
you stimulate mpor,atIons, aud we bripo
IA more goods than we are ahlo IN ma, g.,