New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-11-08
National Debt and lis PAYMENT.

We took occasion some days since, 10 call pub
lie attention to the gigantic National Debt which is
now accommodating, and to urge that the new Wing
House of Representatives shall set its face inflex-
bly, against the Debtcontractng policy, and call
upon the Executive for some feasible sugges
ton OF plan for paying as we go that Is, oil
meeting the accruing deficit in our Revenue by
some form Of Taxation instead OF farther Loans -
IT. az Mr.. Secretary Walker would iain have the
People believe, the actual deficit is only some FIT
teen Millions per aunum, then 1t cannot be hard to
meet it in some way and If 1t be Forty Millions
Al we believe il u.s. even then we may better pay
M we 20 than make it One Hundred Millions by
adding TO il twenty to thirty years interest and
having to pay 1t at last In any conceivable case,
we earnestly trust that the new Congress will in
sist that the People who authorize the expenditure
shall henceiorth provide the means OF meeting It
In pressing this point, we said
Now we have no f.nsicsl horror of debt, and do
dispute night OF generation TO impose burdens on
those who succeed H. Prorded the Dement'S OF the
expenditure handed over with the debt ana
Construct canal railroad Croton aqueduct and hand
Il in good productive condition to the next genera
ton farir north e cost II W construction and we deem
idle aud wrong TO nvegh against taxing property bur
dsnns unborn generations, Ac because the money eN-
. But one hundred millions OF debt incurred iof
Buena Vista victories, Vera Cruz bombardinents and
Churubusco assauls-is not this palpa6y different a
AR Who can fa TO see the Inference between this
debt and the other And should We bequeath TO our child
rem war debt not Of but Of two three hundred
millions might they with rlausbilty question
moral right TO mpo" and s'r equitable obligation" 10
payuf
THE Italics above are the Courier Enquirer's
These remarks were noticed with approval by a
Journal usually differing so widely from us as the
49, and
though the Albany Argus came out IN denuncia-
ton Of our remarks, it did so without quoting them
and on the utterly false ground that the Wings are
the natural champions and devotees of all possible
National Debt, and that We propose to throw tho
expense Of the War upon the Farmers and Me
chanics Of our own country instead Of the MercaRs
We never had such a thought. II Messrs. Polk
and Walker can squeeze their War Expenses, or
any part thereof out Of the Mexicans, without VIC
lasns the laws OF civilized warfare, our suggestion
does not interfere with that but, since nobody ex
poets that we will obtain money from Mexico by
the terms Of the Treaty Of Peace I'VE are far more
likely to pay money at Peace than receive it, we
urged and still insist that 1t il manifesty Just that
the People of isa7-s shall pay as they go
The Courier & Enquirer, however, objects to tbs
psssage above quoted that it sounds to US very
much like incipient Repadsa.ioa,' and goes on Il
state the grounds on which Nation may be callec
To nav the Debt which has been imposed upon il
bv its long buried rulers as if we had oontrovertec
It. 1t goes on To say,
we are scarcely surprised, therefore at this frs
step toward proposition To rpsdase the debt in which
We may be Involved by the war with Mexico.
Tie ssss professes to hold generation responsi
~ lh. ~.
the debts we're incurred for iu value received sc sc
Ths In our view has nothing whssever to do with th
case II t< safioa oopfracts DEBT ts nation - ecNHd
psy Il and trust the day 10 TAR distant when an,
consderabe portion Of any political party. will eounie
nance even By silent scQuiescence the repudiston &C
tua or virtusl upon any plea or upoo any pretext
any debt contracted BY the nation Tor any purpose or
any time"
Now We mishs have iel, badly at being thus pub
hcly branded a. sn apostle OF Reputation OF whic
We have for years been at least jealous oppo
nent but almost the next paper we TOOK up si1e
reading the structures o, the Courier contained III
Resolves Of the Wing State Convention OF Con
necticut held At New.Hsven on Wednesday tn,
ID inst and attended BY nearly all the prominen
Wings Of the State That Convention sppoin,e,
most able Committee on Resolutions. of whicl
that notorious and desperate Radical. Hon. TKv
NAN SMITH OF Litch6eld. was Chairman, on who's
report Il was unanimously
P..s!,<a That among the evils which are resaltiss fro.
th,. Wsr NOT the least larger National Debt the loul
Ast,ons OF which already been lad broad and doe
~hsr.on sQperstrQctuIe 70 be carried up. az the Al
m,nstraon persists IN lite pIesent Poeyo which viii L
tmstely come down with wllheIns snd crushing eae
90 ourselves and posterlty.
Received That the expegeaoo OF mankind proves n
all sreat National Debts. and ell expressive systems
Tsxsfon, have originated In anc Ia wars only 81
that the American People may well consider whethe
amer having PAID 70 the st'ssOst tathss he pes' oee
world the glorious spectacle Of happy and unit
People entirely exoncrated from debt they gain
adeauafe compensation from this Mexcan ar for hayi
again entAed upon them ana their ehiaren great
u0nal earse-
Rfselr<d. That No NATION HAS KIcHr 10 caxRY on 4
AGGRESSIVE WAR AZ sxfENsk on POsTEKIfY-thsf
"A only wars which strictly defensive aud
thai may be thus and regret that shea
he now engaged ws<ing Of conquest with re
enscs arranged IN reference 70 state OF peace saa
ssqsently In . grost degree credit
kssessd That The shAe Of The lnnasase expenses OF q