Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1846-08-22

the British system OF policy which is
now attempted TO be imposed upon this country
by this Britishhating Administration! Let
them do it, and in less than two years there will
not be specie paying bank in the country. The
people and the Treasury will be again bankrupt,
and the scenes and sullerings Of 1910 will return;
and with il, as necessary consequence, the
political revolutions OF that period.
FOLLY AND EXTRAVAGANCE OF THIS
ADMINISTRATION.
And was not this pretty time to select for
the reduction Of duties? Now, when he had just
entered into war, whose duration no man could
predict or calculate. When we went 10 war in
1912 we doubled the duties now it was propos-
ed to cut them down one half! What consun.
mate proof of political wisdom and financial ab.
ity was here exhibited? Why, then, destroy the
present admirable tariff, that had worked so WE'LL
and adopt such miserable and rickety system as
this? Why destroy a tariff that had paid, since
1912, inclusive, no less than S34 307 ,224 Of the
principal and interest Of your public debt, and
leaving in your treasury, on the first OF July, 1915,
balance OF 1868, 1906, which, added TO the
above, gives surplus revenue. over and above
the ordinary expenditures Of sd 1865 500, deri.
we'd from The tariff OF 1912, including the pay.
ments Of that year. This he stated from official
annual Treasury reports OF 1843, page 81, OF
1874 page / 9, and OF 1915, page 25. Yet this
tariff which had yielded this large surplus, is to
be destroyed in the midst OF war, TO carry out an
absurd resolution adopted some years ago by an
irresponsible political cabal assembled at Balti.
more; and this was their leading and almost only
argument in its favor. Mr. S. called the atten.
ton OF the chairman OF The Committee Of Ways
and Means to the fact, and he should like to hear
his explanation Of it. The estimate made by the
Secretary OF the Treasury, before there was a
word said about war or the prospect Of war-est
mates rendered in time OF profound peace tc
meet the ordinary expenses Of the Government
had been more by six millions and half than
the expenditures of the preceding year. If gen
lemen doubted it, he would refer them to the
Secretarys report He wished the chairman tc
explain how it was that the peace estimates fol
this year exceeded by more than six millions thu
peace expenditures OF the last year, and, besides
this, we had o bill appropriating a million
and half to make good deficient appropriations
Add this million and half to the six millions ant
half he had just mentioned, and it would make
eight millions, by which amount our peace ex
pendure, for the present year surpassed those
OF the last. There stood the fact in the Secreta
rvs own report. and Mr. S. challenged thu
chairman OF the Committee OF Ways and Means
or any friend OF the Secretary or OF the Admins
tration, to deny it. Was this war brought abou
10 conceal these enormous and Unprecedented
expenditures in time Of peace, exceeding by 81,
or seven millions the expenditures of preceding
years? The war would smother up all this ex
travagance, and conceal it from public view
All wastelrl expenditures would now be atlribu
ted to the war. The war would be blanke
wide enough to cover all. And here he woul'
add another fact-t was one the people ought Il
know--it was this That the appropriations re
; ported passed, and to be passed, amounted al
ready this session 10 the enormous sum o
$57 1887, 075; and would, perhaps, reach sixt
millions before the adournment-nearly tire
times our ordinary appropriations. And, in tn
face OF all this, we are 10 pass this miserab
party bill reducing the revenue fully one half.
There was another thing Of which the tart
was an index, and that was the public prosperity
When the people are poor they could not aAfor
to consume luxuries; imports fell off, and dow
went The revenue. But when duties We're hig
and domestic competition was excited sgricu
ture having abundant markets, and labor full an
profitable employment the people became pros
porous; they lived in comfort; they could anror
to pay for fine goods and luxurics-snd up wen
the revenue. Reduce the tariff, break up Anne!
lean industry, and you clothed the people il
rags and your treasury became bankrupt. Tn
national reuenue and the national prOsperit
wen: up and down together, and We're Away
concident with national protection. This h
asserted as an undeniable fact, proved by ever
page OF our financial history, from the days q
the revolution up to the present hour.
THE SuB-TREAsURY BILL.-The passap