Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-02-27

him supplies enough Of true courage and patriotism to en-
able him achieve He has only conquer bis own self
will, his pride OF opinion his ambition associate
his with the acquisition of territory, and we can
have peace tomorrow Let him but stop lighting, declare
armistce, and discam all idea OF spoaon dnember-
ment and then, however may continue quarrel about
the declaration that exists by the of Mexico"
shall all be able to that exists by the act of the
President And, sir be should live thousand years, he
will never win nobler tribute than this.
Befoe taking my seat, Mr. Chairman, the clock
me shall soon be obliged to do, propose make few
marks the tariff which has been brought forward by
the Committee Of Ways and Means TO furnish the snews Of
this remember that, eight years ago,
paper sent to the table of the House of Representatives of
Massachusetts, which became my official duty announce
and which, either from ignorance accident endorsed
g Remonstrance against the Annexation of Taxes" The
mistake has proved have been quite premontoy II
very much like spelling lone -oa-n Loans and taxes
the legitimate fruits Of the great Of annexation
We have had loan bill, and we have tax bill For
the first have already voted For the last stands
shall and | desire TO state Of the general
views which govern me in this course.
ready, sir, and at all times unite in maintain
ing the national credit do not desire the evils
odous war multiplied and aggravated by dsodered finances
and bankrupt Treasury If armies TO be kept afoo,
wherever they be- and in whatever numbers they
be, am for having enough in the Treasury for feed
ing them, and clothing them, and paying Them am for
paying them too If possible not with deprecated paper but
in sound redeemable currency desire TO leave the Ad
mlnsraon apology pretence for supporting troops
by system of page and plumber in the enemy scountry
There purposes of peace too, which require money
There debts TO be paid, important establishments
be supported cherished institutions be maintained noble
charities TO be administered and the Treasury must be sup
| piled TO meet the requirements of them all
With these views, voted for the loan BILL believed to
be necessary provision for sustaining the public credit
believed, and still believe, that should the Adminsra
ton recoer and the rash policy they have adopted,
and proceed prosecute peace vigorously they have
prosecuted the the loan would still be indispensable
Now, sir, lie, be noted that by this loan bill have given
the Administration the precise amount OF pecunary
Secretary
He asked for authority to reissue five millions of Treasury
| notes. We have given it to him. He said that he should
need authority to borrow millions moe
no additional revenue raised but that duties laid
tea and coffee, and the land graduation system adopt
cd he should only requreniaeee millions We have given
him the twenythr millions. moved reduce the amount
to Nineteen and the House rejected the notion he
found calling upon for the additional besides
and the President unites with him fervent appeal
| patriotism to lay a tax upon tea and coffee
The Secretary tells that these duties essential to
able him negotiate the loan. It is So You have
held such tempting bait capitalists both foreign and
domestic by the terms of the loan that from present appear
ances il will be negotiated quite too readily But
there is another and better than by the provisions of
new tariff BILL by which its negotiation may be secured
II of the great beauties Of this system OF loans that
appeals tothe confidence of the people bears the same re-
aon to the finances which the volunteer system bears the
military forces of the country. There must be goodwill to-
wards the Government and something of and confidence
IN It's policy neither of these systems be successful
Confidence the thing needfu for the public credit and
| this confidence must exist IN the right quarter.
The venerable Gaatn has given seasonable hint
these points in the pamphlet the Oregon question which
he published last year. He tells what quarter and by
what means, the Government must obtain these loans
There yet say hey but very little active circulating
capitol in the States they lend they the
trry borrow money This can be obtained in the
shape only capitalists Of the Atlantic
recurrence public documents will show that all the loans
| of the hast war obtained in that quarter"
s'Whcn Government relies people for being
tanned in making its confidence must be entire they
must be told The whole truth and If they are really in favor
| the measures necessary to carry il into effect"
Now, sir if the President desires to entire
dence in the public credit and to render his loans easy Of
negotiation, he must let the people Of the country understand
where this is end He tell them the whole truth.
He must dscaim these indefinite ideas of national aggran-
dizemen He must abandon the purpose of Remembering
Mexico He must dssipae that dark cloud of dsunon which
seen lowering often agate the question of
extension of territory He give that peace
he restored and the Union and he
have all the money which may be wanted moments
warning This, the way and this is the only way, Of
creating real confidence in the right quarter.
But if it true, Mr.. Chairman that additional taxes
necessary at this moment sustain the public credit
this little BILL which has been reported by the Committee of
Ways and Means would do little nothing towards such
end Why there is something almost ridiculous in the in
PRODUCTION of such bill for such emergency the present
Here with public debt of fifth millions already
ated, and with annual expenditure Of more than fifty mil
lions already authorized, and how do propose provide
for We cali upon the Secretary his grand proje and
additional
iron and coal and sugar. and descriptions of cottons
fcenty per eent tea and coffee and graduation of the
price OF the public lands wrong, The Secretary Of
the Treasury discsms recommending the duties on iron and
coal and sugar and cottons surprised il either
for the whole yield Of them all would be insignificant to
be worthy OF his attention. From the best accounts
can get the duties description Of cottons would yield
absolutely nothing, of them imported The Sec
Rotary has been loud in his complaints about Sir
this whole bill is minimum and friend suggests
that II is worthy of Administration Certainly
1t the very smallest bill that reported any coun-
try TO meet great exgency Three millions year is
largest estimate which any body make Of the
which will be derived from il will probably exceed
millions and half Seriously Mr.. Chairman, such BILL
in my Judgment likely inure the public credit than
to sustain it, II do any thing this moment should
do enough impress capitalists with the idea that
afraid 10 tar We should 90 for raising eight mil
lions ut the least. With specific duies and
proper determinations, might easily accomplish that re-
suit And until specific duties and proper Determinations
reeablished shall have sound, productive perma
| nent revenue system
The Secretary indeed pluming himself greatly the
operation OF his tariff Undoubtedly, SIR has thus FAR
yielded somewhat than anticipated. But swal
low does not make summer. One months operation is
no test of tariff Nor is this when any
fair calculation be made OF its real results There
too many disturbing There this side
OF the and famine the other potatoes in Ire
land short grain crops all Europe second short cot
ton crop Southern States. general arrangement OF