The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-16
TIL E UNION.

could be raised but also nm indemnity for the past drawn
rom that country in the shape annual We
have more confidence in the from which Mr.
Walker derives his information relative TO the
Mexico than IN all the statements emanatng from croak
ing politicians or ancient nancies The officers of
army, who have been fighting the battles in Mexico and
at their leisure examining the of the country,
know more about its condition, and better judges of It's
ability 10 bear taxation, than any else The Secretary
OF the Treasury has examined this subject closely and
fully, and his motive in not abiding TO il in his annual
report was without doubt the fear that he might be
sdersd extavagant in his estimates relative the amount
of revenue which might be derived from that country
Notwithstanding this of income is in reserve
has not been calculated upon in the estimate of expend
for the suing eighteen months the chairman of the
Committee of Ways and Means asserts, in his official posi-
on that the estimates issuing from the Treasury Depart.
many millions below what will actually be re.
qured to meet the expenditures within the period above
named The Secretary of the Treasury asks for loan OF
but sixteen millions Of dollars for the present year. and II
would be much credabe the party in power il IT
once authorized the loan, in the feasible shape in.
stead of the leaders showing their ignorance by talking
about that which they entirely unacquainted with
the expenditures larger than reported by Mr. Wake
shall hear from it full enough If the Treasury
Department is in want OF more money, it must be made
known.
"We will suppose for moment that the statements
emanang from the Committee of Ways and Means
correct-tha the government will many millions of
dollars than the amount reported by the Secretary OF
the Treasury How would the fact agree with their efforts
reduce their determination ncrea se the
of that department! The wing party opposed the
present tariff; it would had it the power repeal it, and
adopt highly protective in the face of the large and
creasng expenses of be government would also destroy
the independent treasury SYSTEM and adopt system
of banking; would distribute the public lands among the
different States and cut off that of in
other words, the whole it would adopt
which would revoutionize financial and commercial
systems and in short time. ruin the most important in
erests of the country Fortunately there is founda
for the statements made relative to the
penditures of the war, and very little danger
of the opposition party succeeding in establishing
of its The present tariff may produce so
large a anticipated but it will give the govern
greater than it could derive from highly
protective The independent treasury may compel the
government submit to unfavoable terms in nego.
ating large loan, but preserves the important in
of the country increases the specie and
prevents those mutations and contractions which so
all but the desperate spectators The sys-
the government is pursuing in regard to the war, may
be first expensive, but it will rebound the honor
and glory the country, and ultimately its pros
perity and the of its revenue than opposite
The opposite party would if we may Judge by the
principles advocated by its leaders, abandon everything,
sink the expenditures already incurred, and demand
indemnity for the future 1t is fortunate for the country
large, the prospects for party coming into power OPP
posed the present plan pursued relative to Mexico
poor indeed 1t is part OF its destiny, and be
ch "