Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1848-05-06
FAYETTE MISSOURI, SATURDAY, g.,

suit in establishing the most obnoxious high
tariff measures that we have ever heard Of
in this country. That will be the result
| wish this remark to be remembered
Our credit might probably fail in year
or two more, and especially if the war
should continue; for we seem determined
to destroy ii; and, if that be the policy,
perhaps the sooner it is destroyed the bet
ter. We know there are individuals in the
world who cannot so long as they have any
credit, abstain from abusing it, and their
only safety is in destroying it. 1t is so
with all the Governments of Europe. They
have used their credit TO the very verge of
bankruptcy. England the wea,hicst ma.
ton in the world, has used up her credit SO
entirely that she is now paralized, when a
great crises is coming on in Europe. 1t
may perhaps be fortunate for the cause of
liberty and the rights of nations, but still it
must be Notifying to her pride that she
is paralzed with national debt. Sir, il
was said by one of her most eminent men
a few years ago, (Mr. Huskisson) that the
minister who would dare TO involve the
country in an unnecessary war, and to in.
crease the burdens of the people by ncreas
ing the public debt, would deserve 10 an.
swer for it with his head. What a specta.
Gle is that great nation, now struggling un-
der an immense debt, with no recourse that
an able and expert minister can devise but
to increase the most odious tax that can be
laid in that or any other country; and to
be levied after the people have been taxed
in every possible way for what they con-
sumo and wear, and for the very light of
heaven. Over and above all the rest, they
are now to be called upon TO pay fifty dol
lars out Of every thousand of their private
income. This isthe consequence of pub.
lie debt, which we seem 10 regard as no
great matter. and to suppose that it can be
paid off very easily. But experience does
not support this idea. We had little pal.
try debt, beginning in Mr.. Van Buren's ad
minis,ration, and we have gone on adding
TO it during time of peace, some ten OF
twelve millions, so that when this war com
menced we had debt of seventeen mil
lions.
Sir, is the present time when we SHOULD
suffer our revenue TO get into a low ant
PROSTATE condition! We have received in
telligence across the Atlantic that there hal
been an astonishing explosion in the poli,i
cal state of one of the great countries il
Europe, and all Europe will probably b.
drawn into the great movement that is go
ing on there. We have commercial an,
} other relations with all those powers. Ar,
we quite sure that we will not be involved
in difficulty in regard TO our commercial o.
} some other interests, in consequence Of th
} universal disturbance in the countries o
) the old world? How was it in 1851
Were we not then involved in difficulty
) and narrowly escaped being involved ii
war? The only advantage in our condi
ton over the nations of Europe seems t.
, be, that whilst they are thus weakened ant
paralizcd, whilst their taxation is as grea
} as the people can bear, whilst they have ex
: hausted their whole power of taxation, il
t every way that the ingenuity Of man ca
D devise, such is not our condition, and on
2 resources are ample. There would be n
difficulty in raising revenue adapted I
e our condition and wants, if we were dis
posed to do it. But we have neglected t
S do it; and probably we shall 60 on in thi
E same way until the burden of a public deb
q becomes so great that it can be borne n
4; longer. Would it not be the part of wis
: dom, then TO look the difficulty in the fac
e and provide some remedy, knowing, as W
5 do, that we may be called upon for nc,
!. and extraordinary expenditures at a tim
h when we are wholly unable to provide 70
the ordinary wants of the Treasury