Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-07-30
HEI3 J0WRNAHa
From the Newbern Republican.
CIRCULARS:


Fello,r- citizens At Convention held at
Newbcrn, on the 9th of June last, in which
seven Counties of the District were represent
ed, had the honor to bel designated as the
candidate of the Democratic party, to repre-
sent you in the next Congress of the United
States
Having been confined at home in attendance
at the sick-bed of dear relative, much of the
time since the Convention was held, have
not had it in my power to visit so much of the
District as | would gladly have done; there
fore take this method to communicate to you
the views | entertain on the interesting pollti-
cal subjects now before you, and which may
be the subjects of action in our future Nation
al Legislature
In accepting the nomination so honorably
rendered me by the Convention, was not un-
aware of the great responsibility assumed.
have, so far, passed my life as private far
mer, viewing with deep interest the great ma
tional events of the day, as they became his
tory before my eyes but without wish or
aspiration for office, or to become partizan
leader may truly say that have viewed
without prejudice the political movements and
management of the great parties, whose opin-
ions have divided our country, and that every
vote ever gave has been given under a con-
scientious conviction of right.
While feel dffidence in my ability to
sustain the principles profess with eloquence
and power, feel confident can make myself
understood by the great body of the voters OF
the District, who are, like myself, plain men,
patriotic and honest, and do not value pub
lie servant, the more, because he possesses
that kind of logic and eloquence that enables
him to make the worse appear the better side
have talents enough to tell the truth, and
from me, you shall have nothing but the truth
The first subject, on which propose to give
you my views, concerns the Treasury of the
United States.
THE CONSTITUTIONAL TREASURY.
You readily bring to mind the difficulties
prophesed by the whig leaders, in Congress
and out, on this subject,-so very prolific OF
debate and abuse. A few words plainly 40
truthfully spoken, will comprise the whole
history of what has been held up as such a
monster by WIFI. orators. 1t is unnecessary
to go over the old question of the U. State:
Bank as fiscal agent; all, or nearly all are
now, as far as [ know, agreed to consider tina
an obsolete idea Nor Will 60 into the par.
tcular history of the Pet Bank system; be-
cause it is we'll known, after a trial, it was
| found to embarrass the country. You al
know that in 1887, simultaneously, every
| bank from Maine to Louisiana stopped pay
ment; and that, with plenty of public mo
ney in what was then called the Treasury
viz: the vaults of the banks, our governor
was left without dollar, or the possibility 0
drawing a dollar for the current expenses
Would you, fellow citizens, be willing to see
your government in such predicament again
| would not, nor will any of you, on COO
dispasstionate reflection. Still, because the sep
aration of the public funds from the power O
the banks had been measure of Mr.. Van Blu
ren's, the first act of the Whig Congress which
came into power in 1871, was to repeal tn
law of separation and leave the money, ~
wheTe; yes, no where They quarrelled will
John Tyler, the President of their own choice
about fiscal agents, and such kind of schemes
until both the wings and their accidental Pre-
sident, as they We're pleased to call him, be
came tired and Congress ad journed, leaving
the treasury, as was witty said by whiy
member of Congress, in John Tylers breeche
pocket At any rate, it was left solely an,
wholly at the control of the President, sublec
Tyler happened to be more honest than tn
whig leaders gave him credit for, and do nc
know that any loss occurred, while left by tn
whig Congress uithout tie protection of tn
law. When James K. Polk came into office
in his first message to Congress in Dec. 1916
he says, the money of the Treasury is depos
tied in the State Banks, but without adequat
provision made by law to secure it agalns
casualties, detalcations, suspensions, &c, an
he recommended " that constitutional treas
ury be created for the safe keeping Of the pub
lie money" The details of the law provid
for treasury, such as was contemplated b.
the trainers of the Constitution, and no othel
Fellow citizens, read the lar cody and calm
ly, and decide whether it is not constitution
al treasury, and the onl y one consistent wit
the constitution. You may have been tol
the money has been stolen by the officers, Q
that fraud has been committed by the treasul
ers. 1t is false not dollar has been lost t
the government. You may have been tolc
that it increases government patronage; it
not so; it diminishes government patronage
proportion to the difference between twent
government officers, and the thousand {
officers, stockholders and dependents {
the banks, who might be the recip
ents of government favor. Fellow-citizen:
have you, without party prejudice, examine
the subject' If you have, or if you will,
think you will say with me, it is the only cor
stitutional manner in which the public Nancy
can be kept, and the safest and best and thu
the whig leaders have attempted to deceive
representing it as such a monster, and thu
their out:ry is all huInbug.
The TARIFF
1t is necessary to be so concise in writing
> circular short enough to be read by all, land
wish every voter to know my opinions,) tn;
will merely state my own views on the sui
} ject of the Tariff, with out stopping to answG
, objections.
The Tariff of 1916. although, perhaps, nj
r perfect, is as near a fair and equal tax as cou
be obtained in our widespread country; OF
interests are SO diversified, it would probabl
be impossible to lay tax unobjectabie to a
believe all Republicans agree in paying SUI
tax as is necessary for the support of Cover
ment, and that tax should be raised by dut
on imports Now fellow-citizens, | cam
look upon the law which laws these dutie
as anything but law for raising SO much r
venue as the government requires for its eco
omical expenses. If, in laying such dutle
YOU lay such tax on one article as proven
h its importation, of course you lose the amou
= of revenue it would pay, if imported; and "
S enable the manufacturer TO make the artlc
: here and fix his own price for it, as he c;
r have no foreign competition. Here there is
double injury to the country first, the loss
u the revenue, and. secondly, you, the consumer
are shaved in the price. Such was the Tai
law, passed by the Wing Congress of 49,
Articles were taxed so high as entirely to pl
clude importation In some instances; in 9th