Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1847-03-23

The Subtreasury and Treasury notes are in.
separable: they have always come and went To-
gether- They came IN with Naa Buren,, ana
they went out with Van Buren,. They have
come in with Polk and they will 90 out with
Polk. 1t is u continuance to get money after the
treasury Is exhausted, 10 feast and tatten the
hundreds ana thousands of hungry parizans
with Offices and salaries good contracts ana Jobs
at the expense of the honest, hard working, ana
tax-paying farmers and laborers of the country;
ana, to cover tiieiE extravaganza, they get up 4
/ war, no matter with whom, what for, or how
an Buren, made war something like the pres
ent in its origin and objects, to rob few Indians
in Florida of their land, because they would not
sci! 1t al his price; and this has the peo-
PIE more than forty millions OF dollars, and we
ar now supporting these Indians beyond the
N.ssiss pp at an expense OF nearly million a
year. Well. Hr. Polk. following IN the foot
steps Of his IllustEous predecessor, has made
upon Mexico, with the same Object in view, to
acquire territory ANA give fat Jobs, contracts, and
offices TO his partIZans, at the expense of the pes
i Pile but when, where, and how, the Polk war Is
to end. God only knows What it is TO cost in
I blood and treasure, no one can tell. One thing,
however, we DO know, the nation is being invol-
we'd IN debt at the rate of forty fifty millions
/ year, without any measure Of revenue proposed
to discharge the debt, even TO pay the interest
Why not meet the crisis YOU have created like
mem Why shrink and skulll from the response
bIiity Two months after the declaration of war
against Grea, Britain, Congress promptly, and
without hesitation, passed an act to double the
/ duties on foreign goods, and imposed shortly af-
erWarJs Internal duties to meet the expenses o.
the war; but how nothing can be done but pass
enormous appropriation bills, issue Treasury
notes, and divide the proceeds among greedy par
tlzans, who stand with open mouths seize the
bread and bones distributed at the u hita House.
The democratic plan seems to be to pass appro-
prIation bills, take the money, ami leave the
V hi Is to foot the bill as in SO The only leg
acy they Will leave when they die vii! be
their debts, with the privilege of imposing taxes
to pay them. The Democrats, it seems have
discovered Mr.. Laws plan of getting clear of
taxation. Some years ago, when taxes were
very high i'll this city, my old friend Thomas
Law, brother of Lord Ellenborough.] who was
very heavily taxed for unproductiye property
Capitol HILL one day gave out that lie had dis
covered plan to get rid Of his taxes; his neigh
bors, who had fellow feeling on this SUBJECT
ched IN to find out what his pian Was; after q
great deal Of Importantly. the old gentleman at
last said, well friends if You must know, am
going to die
Now, the Democrats have found out that they
going TO die soon, and ttsy determined 10
get all they while their time lasts, and leave
the " higs 10 impose the taxes, aud 10 pay them.
But we were told the other day, that the Dem
ocratic party had carried out all its measures,
and the results would contrast favorabIy with ,
those of the Wings am glad to hear this ad-
mission. They confess that their system Of
measures is in full and snccessru operation, ana
we ali can see the beautiful results. ! will avail
myself Of the occasion which is thus presented I
lie
further.
Bat must go back little. and 7 mean to in
GnIre what has been the effect Of Wing policy OF .
the prosperity, the character, and the credit of
the country, and then what has been the respIt
OF the oppositel
n this inquiry, shall deal with facts-I mean
to speak from the record. and challenge contra
dcton Then state, in the first place that the
average expenditures of the Government, du-
ring the four years of Mr.. Adams adninis,ra-
ton, but twelve millions and half Il yaar +
and part of this to cover the expenses of an
extensive system of internal improvem and
during the same four years, there were paid for
ty-fve millions Of the public debt, out of twenty
fvc millions of revenue. Mr.. Adams was turn
ed out for his extravaganza, and Locofoco econ
o,ny substituted Mr.. Van Buren, came in as a
personal embodiment Of Locofoco principles
and what was the annual expen diture during his
tour years The average, instead of twelve and
q half, was twenty eight millions; lin one wear
the expenditure reached thirty millions
Twelve and half millions under Mr.. Adams
TIVE nty- eight millions under Nh Fau Buren,: this
S the difference between Wing and I.ocofoco
policy w 18th a revenue Of more than 80 mil ;
lions, Mr. Van Bnrcn paid not one dollar of the
public debt. but increased it, in effect, trty-one
millions; the expenditures having exceeded the
revenue during his term by that amount. Mr.
an Buren, found in the Treasury a surplus OF Is
millions; of this. % millions were deposited with
he States. leaving millions of available reve- T..
1ue, and TO this add the proceeds Of the sale of
surplus of Pa millions; the whole of this. with
Ill the revenues ofthe Government, was expcnd- {
d during MIR. Van Burens four wears, ana a Z
arge debt left to the Wings upon the accession of
General Harrison to the Presidency in 1871
When the Wings came into power, they found L
n the Treasury. not a surplus of Is millions as q
II -Ir Van Buren,, but they found. on the con- :,
rary, large debt, and the revenue run down TO :.
ess than half the amount of the expe nditures i
n lelp, the net revenue was but Sl0,l59 339 Q
When the Wings came in, they passed the Tariff
II, that tariff law which We in orr visdo,, ,
epealed last winter and what did that law ac
ofnpiIsh! 1t raised the net revenue to sos
D 400 in le4I-it restored the credit of the M.
ion--lt raised up and protected the national in G
uStry, and made the nation prosperous 1t paid :;
IT, IN four years of its operation. 1872 iuclu
ive.l 81 millions Of the public debt, and left in c
SO, a balance of 6 millions in the Treasury; '
nu raised the revenue from Il 10 p millions = $
ear
This Wing Administration was turned y
ut By frauds and receptions of the gross. r
st character. James X. Polk came in r
.ocofoco doctrine was again in the ascen. j
ant. The tariff of 1912 was repealed. Il
nd that of lSt6 substituted. little better o
nan the compromise bill Il, is lowest point a
f depression in 1910, when the revenue |,
'as ba. ten millions. Next came annex- 4
lion. and then. as was predicted. came 9
ar, with all its unhappy and disastrous b
consequences. Hero are he fruits of 10. c
ofoco policy. What is The condition Of o
&c country now 1t is worse than j, was d