New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-01-30
Principle and Policy.

Principle anu ouOc'
The National Executive has been proiusely sup
piled with money by Congress. Authority TO Dor
row, 10 almost any way that may be found oonve-
nien,--by an open honest Loan or by the more
iusdious issue Of Treasury Notes-Twenty Eight
Millions of Dollars, including the reissue Of Five
Millions already authorized must put the Treasury
in funds for the ensuing campaign. This slippery
sort Of loan is worth far more than the twenty
Eight Millions TO Mr. Walker The relaxation OF
the Sub Treasury and the initiation of the general
Currency involved in the profuse issue Of Treasury
Notes now authorized will greatly stimulate I'm
portations and add many Millions to the annual
Revenue from Customs and Public Lands. This
bill is as good rs Forty Millions in Mr. Walkers
pocket--we mean, the Treasury Now, while
we do not believe that amount will really
sustain the prosecution of the Mexican War
on the scale contemplated through ls47, we pre-.
sumo 1t will abundantly answer Dir Walkers pur
pose Five or Six Millions more will be expended
In the shape of Land Bounties TO Soldiers, which
will make figure in the Treasury accounts
Then the Californian, New Mexican and other
armed forces will not be paid oif-in other words,
the Government will fall in arrears TO its contrac-
tors soldiers etc. TO the amount Of several Millions
more. The immense burthen TO be borne by the
Nation through coming years in the shape Of a
new Pension List will make heavy addition TO
the real Indebtedness incurred in ls47, but none to
the amount specially charged against it, Very lit
tie will be spent in constructing National vessels,
harbors, forts &c to balance the annual deprecia-
lion, nor in replenishng stores OF munitions of
war We presume, therefore that the means of
meeting the accruing demands on the Treasury
have been fally provided by Cong ess aud 10 the
mode most available to the Treasury Department.
Without intending TO reflect ON the course Of
those Wings In Congress who felt constrained by
sense Of the public exigencies and the necessity
Of providing subsistence and succor for our fellow
citizens now bearing arms IN Mexico, we must say
that we could not in view OF all the consequences
have voted for bill embodying such exceedingly
Objectionable provisions and proposing to raise
money by means so subversve to all sound princi-
pies alike Of Finance and Currency The question
as presented was an embarrassing one but re.
suuence to eternal Principle furnishes its true
solution. The measure appears to us a very bad
and miscbievous one, and therefore not to be sup.
ported because some act authorizing Loan had
become necessary. All the Wing votes against
this bill would not probably have defeated it they
would have been misrepresented and might have
been unpopular for season but Time would have
given them a noble vndication. In other Con
stitutional governments Representatives fire.
quently aud properly attest their opposition to
the psrnicious acts of the Ministry by voting
against their Supply bills When Mr. Web.
stsr once refused to support BILL putting the
whole Treasury at the unrestricted disposal of the
then President and authorizing him to use its con.
tents in acts of hostility il he should see ut declsr
Ing that he would no, vote for such measure
though the guns OF an enemy were battering the
walls Of the Capitol be altered sentiment which,
in the pslmy days Of Greece or Rome. would have
sndsared him to every lover OF Freedom and
though q ruttan Press perverted the sentiment,
and illuminated its author, We believe il was
heartily approved by the great mass OF the re-
hecting and high Prncipled among our country
men. We could wish that some such manly
avowsls had been opposed to the recent passage of
the Treasury Note Loan bill through the two
Houses. But in their absence the few Noes IN
either House. on the first passage of the bill will be
remembered and cherished
In few dsys-perhaps before this sheet will
have announced the final passage OF the bill author
ixing addition Of Ten Regiments to the Military
Force OF the United States. Bet that msduass
rules the boar should be utterly IT loss " sc.
count for the approval Of such measure Wv Con.
gress The rank and file Of the Recula, Army Al.
ready authorized by law are nos filled up b. seve.
raj thousands and not likely " be while the Fifty
thousand Volunteers aas,.orzed by the act OF lss,
May are certainly not two thirds now in service
To authorize Ten new Regiments OF Regulars il,
amply to create a host more of Brig. Generals
Colonsls L'sat Colonels Majors Captains. &c &c
70 eat out the substance Of the Country. The ex.
istinS laws authorize more Ofhcers than the Gov.
eggmsnt find Soldiers for Yet here is a new
and extensive creation Of green Officers to no good
purpose whatever There Is little obvious use in
Directing to the infinite devices to render sub.
seriens to ends of personal sgsrsndiE ement and
vet there must come a time when such devices
viii be sharply scrutinised by those who must pay
for them lie, US at least hope SO