New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-12-12

.os5uend ltsglf 10 nc Wuv't 'vuH' '"" 49,.
s.i.I % IL Industry commerce "no un-lne's' - ="
an ..,tI.d policy undist0focd by complaint or
,o.li.on from sry quafter. -.
@..,...ea viii he found tables marked L ana y. m
s,irc ir com plisnce with the 2@d section - the
r.'-.,s- rsfn of January 1-87 the Information
80 by thsi al as regards the issue redemption,
f.bass and reissue OF Treasury Notes statement
W,aogss th- payments into me treasury on seo"ah,
-. loan of I-f- Statement shows ihe amount
-, nd into tho Treasury from III sources rom
800 Of January s47 20 the % 81 October lsi-
rrtng 20 81 "a 20 81, ard the diso1rsfments IN
-. eurng the same period amounting % 81
I.ga 81 making an aggregate during that period of
.f. ard sour-e Uts ln specie Of - ~ tAj %
f.rr the at OF the 3lst of March last authorizing
IN fof sum nof excctdlug $40 600 COO the Depart
-. or fhe i~th ~ April la.t aud for - days there
1f advertised Che proposals 40 per copy herruni1 30
s..,d inar sed s. This advertisement ~as pupii-icd
~ ~ lss- not only ia toe several newspapers IN ms
fg lpt siso iu the pspcr. publishing the laws a. su
h'.7el u eaca of TIE states snd. ~th vie" O. more
81. live circulation IN each Of the daily papers Of tne
,ratpl cities in tbe Union. The proposals were afn
a.. kno IN tn our Ministers ano Coosus in the prnri
d. c-a oi Grest Britain and the Con'lncnr Wherever
y va believed thf premium might d. enhanced ana
b4sss'sn1ed by their efforts The notice was ao' ~
srsd boo mo rr~spapsrs mi. ihe ltn Oh Apiu GU"
b. fhe rLd section oi ie 80 % ~as declared thft tc
slrrrf frcit .ilpt bc puuAshe1 " not more t"7'
asg. wi efs tfl I'D taYs ffom t0e tune o lDe h-si '
.fa.r NJ lle -s1 a1vcrr semeni in OBJ" or Two "'N-
ssD-r. Loo the Cry ~ Washington 10 men nf'h '.'
ass fift il. Iss Iss.td Toe Day sue opg t' ''
tsf l.n .r-f 20 t1n for opening me pfoip-7-
nl have Terminated by le last oi My OF l' OH '"t
Tfe ID psftr. o. ho~eser upon thc Information Pol fr
b. f.if r..aIf ,r.t ir. Treaty of Peace. sh'cn l70
b. approved - iie Sen afe. "oun i'r fa.. %. --'H
Ir. nlf tlaf. all rfuHa. 10y, trH inf 70 fi' ~ 500
r.fHrsfnn coU3 fDi reach here by thc Iti OF r-t Oh"
Oh. itDf June hut tnat 90 would pee received before to'
r.ff.t 81 JAM. End consequently Hff d li' t"''i
t.fr N.f" Immediately inserted dNi vac Pi"t'f-
o.rd ly The isst Of Mas the let of june th. GOV
.rnt uf n The sbserc. az the news Ol The rathcauon
ffirr treaty ~ Mexico would necessarily sel me loan
uqan much ie-s sdv-ntage"ns ierins sno az p'"na
s.cnar. Df several HUNDRED Thousand dollars oi pfrin
an,- O. fng bpscrunent Under tht-H chf"iu-l-"cr'
De Department ss-ufuod the responsibility OF doiayin-
tae sasertsonent until tne i7tn 81 Apfn allowing tnf
lnecst p.fIod that date auihoiizcd BY Ia" Tor
oelps the proposals. viz the lth OF June-sone Gays
benre which period vas confident ma, Official nieil
sence OF the fauhcsion by Mexico a the treaty would
b. received here. The result justified these anuc pA
ton. Ir. Intelligence % the ratification Of the treaty
a. AD received mere ty the iast Of May or the lsi of
Jar --u.r in TACT until tex days before the lHn o.
yune. ~ncu a Immediately made kon"n oHclhiy
~ telegraph and oherwiso and the Government re-
essfd he iu benefit ia negotiating the j. an 81 ne un
s,s knowledge 81 the fus ratification Of Inc treaty
Of pescc oth Ne sicO Upon the I'm oil June ~ tne
,yfo.nisd hour the seals we're broken, aud the bids
oy,aeI By tho Chri Clerk o. this Department IN my
pescnca and that Of the bidders aud the puolc-tnc
sis r,aoftej and the loan awarded "i course u me
tsnfat bidders
boo total amount bid setnor with lie uanes u the
s,eccssfal and unsuccessful bidders, viii be found 10
h. statement hereto annexed, marked D.
Inc 1nole premium obttued il viii be perceived
a a =
nsnuea e. on reference 20 the prices current u VII
tsiclud that the entire sale Of he lbpDOUV oi STOCK
To -inz e DAY exceeded the the rate Al which the Gov
,uoru siS Der cent twenty years stock exclusive oil
hrr..i and brokerage then selling IN small sums
Id fs market
], b. ,ng made by law the duty Of this Department to
devote Is attention 10 "rHE SUPPORT OF PUBLIC CREDIT
veil 81 10 ths improvement ana Encouragement % "'
frsHss n II proper remark that this boYcrnment
has paid puncgaly al all times The public neot al lis
maturity well the accroing interest never sPhu
co., lime ia
sh.u due such has been the attachment OF tae Anne
cau people % this the Government OF their cnoicei
such then regard for honor and good iaitn thst no"
eTcr the thai sacrifice they nave hqauhteu
A. they tel due al the debts of the Union.
table cert ned by the Register Of the Treasury u
horct0 annexed, marked showing our population
from 1870 10 the present period every year oar DEBT
our receipts from loans and Treasury Notes our foVe
nue. cach year exclusive OF loans and Treasury Notes as
s-l as from heec loans and notes and tue principal
nd interest of doot paid each year. As well "a The total
amount IL s an official record, which every American
nav rad with pride and Satisfaction. II shows thHt
wheueFcr necessary 20 pay the debts ana sustain
TIE honor OF tue country, the people cheeHuly SUB
mted not merely 10 duties on imports but 70 dfect
.xe. and cycses 10 the amount of many millions OF
d0lsr- every year and that even when our population
va sparse and our moncyed resources extremely mint
ed the debts OF the country were always pnnctuay as
charged after the adoption OF the Constitution poih
principal aud interest at their maturity.
Ia 1890 we assumed the debt OF the Revolution, De
,ertniueI that ths honor of the nation should be- pre-
s<ryed stainless and unsulhed. That deot then as
Inmed was S75463 476 % being equal TO deOt At ths
dat than S357 600 900 according to population
and nearly six times greater according To population
nan our present debt AT that date the country eN'
,Austod hv a seven years and weakened ny the IN
krnal difficulties growing out of the feeble chsa o
The old Confederation had scarcely commenced her on
career greatness, wealth and power YET tnls
aebt was voluntarily assumed matter of honor and
was paid including principal and interest puho'us'S
without failure or suspension ,.-, 49,.
Assn the close Of the war OF leiS our oeot III lou
Of per cent Yet that debt also was not ony luy pau
10 1896 both principal and Interest out he 'oNei"
meut, alter lquidstng all it- engsgeinen,s mao SUI
pus left in the Treasury of 3-lOlbi4 sl whcn was
deposited with the States for safe keeping who may De
called upon To IL 10 the Government o the Union
,ioud ihe emergency ever require It's use which Is
mott improbable Al that date the country had been N
hsusted by prolonged and severe struggle Win Inc
greatest power of the world and ts commerce almos,
Suihiatcd by blockades and ombargoes It's population
then SOS 600. and consequently, according % Pc
puat0n the debt of that date would be equivalent To
debt NJ the present period OF upward OF S3JoOoJVlV
nearly hve times great as our present deot iet
that debt of 1916 not only punctually pad withn
twenty years thereafter, but surplus AS we have seen
Of more than SIS 100000 deposited with me states II
then ia twenty years under such circumstances, ana
with such a population and such resources. we couid
pay y debt of that magnitude and have surplus oi
k2-O0OOOO within how short a period may we hq"'
date our present engagements by reference 20 tnls
liable il will be seen that from 1890 10 the present pc
nod including the Reimbursement of Treasury Notes,
a. have paid public debt including interest amount
Img 10 a iotalty Of upward OF s500OOOOOo BY reie.
renee 10 the table It appears that oHi revenue
Guring the period derived from resources other
han loans or Treasury Notes was upwards oi oil'o-
0NOOO II will be perceived that our present DEBT
Including the whole of the loan yet 20 be paid IN aud
dsductng the purchase directed by tins department OF
$4,000 Of the public debt within the last few weeks,
would be about S6521s.i5O Al, lSce table . 10
which must be added about S2oOoO Tor Mexican
.nd bounty Land Scrip. The principal OF The pablo
d,bt paid since 4h March lci5. Is about >',lS "
our whole debt including the loan yet TO be paid m Is
Dot sNtch part of the debt OF Great Britain ana less
than one halt the annual interest OF that debt
According TO table Of the Commissioner OF me 1en'
ersl and Ohce hereto annexed marked /. II appears
thai our whole public domsin unsod amounts 10
lfs2 ~ So acres which, 81 the present minimum
price AZ - - per acre. would make an aggregate
value OF 81 SOP 772 300 Regarding them. however, IN
elusns our mineral lands twenty i've cents pei acre
thsy would yield $500, Aa7
Large A. Is this SUN our wealth as nation, would
be more rapidly increased by the sales of al our esr
cultural lands al low rates not exceeding twenty uNe
ecats per acre IN small farms 10 actual settlers suu cur
uvstors and by enlarged products and exports IN
surirr increased imports aud augmented revenue
Asit b obvious even with liberal appropriations thS'
toe revenue ioT lands and customs will enable US u
pay the public debt before It's maturity present the
oMnr suggestions for the considerations OF CONGRESS
r.. .fs.s .f.,h.s n.r1u -fgs Df Iftf