Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1848-12-11

dollars existed and II Sc disguised that mapv Of In,
auti,rs ethe system did regard it's speedy ivmen
tnuance natl mol evil whilst the debt existed II t,r
nishet ainen = t- national bank ana reng "a increased
taxation necessary tile Of the interest cx.reinu
seven mIua o. dollars annual y.
tbs operated il harmony the branch Of the new
svse,n which was high protective tariff Thiswasto al
ford bennte to favored classes and particular pursuits a,
the Xnsc Of all others. \ proposition TO tax the whole
ptHe Tor He P4Irf OF enrialg few too
10 DC openly made. lie scheme was therefore yelled un
der tie plausible but dlUse protest OF measure to protect
h1nlc industry and many q people were for time
ed I'd believe tEat AJAX W main III MN ,ah
VA lr t.c henet o the ID7rcr who pIi it, Ills branch
n thc system nvnl' "a lrncrsn between The govern
neiit amt the favored ciaete ilner receiving The mo
ceeds u the tax imposed articles imported ami The latter
the crascd ritc u snlil articles produced
Cd b. ss.h tax.
1t is obva that the portion 70 b, received by the favour
Ell cS>scs ,you. Ic.i incr asel in pr,rt IN,
10 the increase If the ui tax imposed and rs
those rates Werc reduced 10 the standard cqirod
the wants Of the govern nent The required to pro-
duce sufficient revsnut fu the ordinary expenditures ii
the government Tor necessary purposes hut like ID
give % the private partners in this scheme profits ie.
satisfy their cuiitv ard hence expeden aud
peA were csore to Tor the purpose of charging the
pcndurcs and thereby creating the necessity for keeping m
high protective tariff The effect of this policy was to in
terpose artificial restrictions upon natural course of tb
csts oargc capitalists and mopos. the expense the
great mass of the people, who were taxed to increase heir
wealth.
Another branch Of this system was ~
tenn Of internal improvements capable of indefinite sargo-
nen ana Suin'ent r swallow np As many millions annual
= r'' L N.,'o nom ln1 lor'len commerce oi ING
the pr cctyc 41l /, DC the great ab,iani If any
81. is winch might at auv time acc ate II, The oly
and ofhe levied the people, no Tor necessary revenc
rp sa tat ' the 2voEol object Of aliordine pro ecJn to
'"o lNole- classes
AuAidfy y tle same end II II "a5 hol az essential
Eift q I'M scheme hseh' wa we scheme WHICH a
el Pop' op."eu l0i u's'r'"u"8 lhe PricetdS y me
S",' 81 i"e n"o,c IinI among 'ha 0la'cs. OiAer eX
padeas devised take money out Of the treasury
anu prevent 1t coming III rom any "ther sources man the
'o'ec'''e arm lie a'h'S ana supporters Oh me syS
ven "elt ''e dIFoc1'r: VI '"' 1T9eSl expenditures
l'i VI Us iu' Il" NOT ofcauSe
~ 49, ~. ..'e 4'edtef was 'He pfe'eA'
~ IT." ''AV' - III l''l'i u pi""c"'e uu'eS.
liz s5'lIh n'f'ss LII weIe sustained hy popular
] III U.S." 7''1'''' y NuIo" ''o"sai!us
.'N va, 'I''''F'"'en u We dn II"
No. " ~ INN was " "'
'A7 anu ~ ana 'uln'>' sunni ruf
-" anu c''y VI "'''"'n Nl'.e' ne
! In IN 40 ~ .."l'', ''i' " 1h". iI''
, ,, ~ er,;I I-,, . .'.o '''' IT,
= y ' " IT. A = ~
i''' o'y's 'ioo ''9 'ldueHo every "e'@h
III I'LL il y e''l 10. P..oP'iy
e;h ~ ''.- '.'''i,y vi y e''.lo" "
n'.'' ''i' 'i'0 ""'hS' P'c'i' sc'"'i' 'Nou5
,h a ~, ,'I Wv III iion raAal''i nn
: = -, IL L: IVA L',l]4 "i'N1" ou' Va '''c
- 'L1 80 49,, 10 50 '" W." % i''''
,F.1 l..
,,i,;,at35 ,lS ! II. III
IA ,ya,itb N e,,tr,J ,[ },,. II s,c;a,, :5 ,,,
I., Mil ii.ii Il 'r ~ '-'o'oi
Tha sav.r.l Ir.4z IN It'll. g,a ,oro III
bIonlcd torafbcr s,i tboir nn,rs,ion o,.b
nJ s,ran,an t arl ia,
IN ,l now bJon ~ t+:, J 81 ooo,r'o
X increased and ,y,stcf o,,and;1a ~ nll5a e,
i o ,I traet a. ,I kI ttt 10 roa1,
ed and The d;rrrs ronts oaJ, Lv ,bo oaornn,o,,
sbouL no I,rro bac9nsa hoi Tho dsio-7 % ~, MI
liz n,,nev tie I.rrer tbe ,,,,t M ,rr.otor III
nrnGte ~ III rso # ,y.s III intoros, e IL enrI
cassas III, ,yara enrcIoJ Lv liz nro,ec,ra ,rT -
have Tho ,atas If ,bot nrn,ooi;n rs Xxx os a.Il
tho hoher tbos, rates The greater yn4d no tb; .yon.
,are
1t was the interest If The neonle re- all those secons
and locol,ics WIN xneced 10 bn ho,aG,toJ. h ovnon
diturcs FIR internal i'm ,r,vempnts that thn arnrnt III
rctpd sIinII be AZ Irre AZ seihIa u ,ho mi THU Ill
sum disbursed mioh ia he iha I,ryar Th IT.
nr Tie bepe6cari.s IN tie distr,hu.n ~ tbe Iad nan
ey Ind an interest in havnr tn rats ;ronSed NV
the protective tsrfflarre ennurh ri vrld snf.ient
revenue fr,nl that s,urce to moot tIe,,nc If tho ,,
ernmon, r,nnt J;st,rbirn or ,ali Gr n, tI 7nd
fund 81 that each ofthe branhos cnns,i,r,inor ,b s
lem bad a conmon interest in suell;nr ,b nnhl;o x
penditures.
rrbev bad direct toroSt IN -,.;,,;;rr 10 n,h,;o
debt unpad and increasing lis amount because this
would M duce an annual increased drain upon the
ury the amount of the interest and render aupment
ed taxes necessary The operation and necessary effect
of the whole system were TO encourage LARGE and TX
expenditures, and thereby 10 Increase the
public patronage and maintain rich and splendid rov
eminent at the expense Of taxed and imp,veishe,
people.
1t is manifest that this scheme Of ENLARGED taxation and
expenditure had il continued 10 prevail must soon hav,
converted the government Of the Union intended nv if,
trainers 10 be plain cheap and simple confederation
c.