The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1848-07-01


ed during seventeen months OF the
present administration than 10 the fifty.
seven years proceeding, from the or
.ganization Of the government.
II IS shown, also, that from the 4th
OF March Is45, 10 3ist May, 1886
namely,in three years and three months
tho amount which has been coined
at the mint, under the direction Of the
Secretary, is $s6,5O7,6lS o.; being
more than was coined in thirty.seven
years proceeding from i792to 1880.
1t is shown. also, that the estimate
from customs, BY the Secretary, for this
year, namely, $3i ,O00, ,000--is already
more than realized; as is also the aggre.
gate estimate by the Secretary Of this
yeats revenue, Of $34,soo, 900 forcus-
toms, lands, and miscellaneous sources,
already also more than realized. 81
1t is easy to detect the motives Of
the whig leaders in their assaults upon
Mr.. Walkers financial statements
They know well that the series Of ad.
mirable reports which have emanated
from his pen during his, administration
OF the Treasury Department have done
more 10 overflow the Goctrine Of q
high protective tariff than any similar
series Of papers which the Treasury
Department has put forth during any
single administration since the adoption
Of the federal constitution. Unable to
refuts these, they have sought to dis
credit them, by alleging errors in the
performance of another branch Of the
Secretary's arduous and complicated
duties. This charge, too, is now effec-
tually demolished and turned against
its authors. 1t is remarkable, that the
present administration has been recent.
Iy assailed as TO its conduct Of the pub
lie business in two Of its principal de-
partments-that Of War and that of the
Treasury-at just about the same time.
The one attack came from the general
late in chief command of the army in
and was forthwith annihilated
by the memorable reply Of the Secre.
larry Of War. The other attack, com.
in the elaborate researches
and the ingeniously drawn statements
,f Mr.. Rockwell of Connecticut, and
continued in the labored report of Mr..
Strohm, has now found its efectual gui.
'tus in this most able and demonstrative
financial exposition, which has ground
% powder all their charges against the
Of the Treasury, and scatter
ID them to the winds. We trust that
he assaiIants OF the administration will,
" this time, have learned that it is SAT-
st for them to confirm themselves to {
ague generalities, and to carefully a. {
old the precise details Of figures and I
acts. ..rea.9 sgt4. ...1.'.Ga
This Report on the Finances is one
fthe most important documents which
as ever appeared upon that brahcn OF
he administration. 1t shows the I'D.
lirable manner in which the Treasury :
Department has been conducted by its
resent accomplished Secretary. IA,
The accuracy Of the es:imates-,he ,
eceipts Of a revenue tariff, correspon-
ing 10 those estimates--the unparal.
lied quantity ofAmerican money coin.
d at our minis under his auspices
,e large payments from the treasury (
,ade in specie-the very advantageous 1
,rms on which our loans have been &
,ade during period Of war, and made
bove par "a circumstance unknown in q
ur annals;) y and the amount Of the war '
ebt, so far below the panic calcula.
ons ofthe whigs--all rebound greatly i,
, the credit Of the administration. The
pposition attack the Secretary in vain.
lis. energy, and consummate ability \
efy them all. ,