Rutland County herald. [volume] (Rutland, Vt.) 1848-1850, 1848-12-07


l'nadr-y srd 'iSt, -p'ne dollars ssd eip-N t.si,
II ph,oh ~ 90 90 NJ doisr,. u ns.ftn..
vlli 10 derived Won customs 500 GU of q. u
lats from ths sales ~ Tho I,fidit lands -
30 o. 3elars irum rt.esllsBsuu, So 10. ..
81 source ipchtiing tho pfeuiuu tas,s
SOL tilo Am,unt pad ami ,o - 10 ,o,. ..
u,tsur, 40 .c,ount ot ri'dar, ,ortfIis,,t....
MrN icu srd the sake Vt sins. snl ,r.,.U -.
ulrt ruhbc puf~uy r~ndet-, u,uic, ...,i, h..
ilr uS' oi the ru'etuwrut tN tl.c tsfuin.l...
The vat. aut ~ .N93 as DOLLAR. aas ~ ,.,,,
ttVs lpsns olrrad, n,gu,i.,,l IN, Iulins tf,....,
ustc. tur,iri, vhich, trg,ihst with M. I.,.,,,
va tlt' treasury on the 1t 10 Ju, au. mai, IN.
sum estimated.
lhr r cnditufcs iuH th+ sane t<tt,.I t,. h,J
iug il~ nvt-ssnp payment 600 M. tau II t,.
ufin'ipAl snd uiofrsi eft Inc hrIt iusta.n.,ut H.
Ia mcNUo on the WITH ct Ma, p-Nt. ami ,th.,
expenditures growing cot Of the ~st, tuI.u.,t
'Wing u~ pr'-sw NtAt. siU ampunt tt I,.l,..
The rcimlsUssn,rut a. foa,ut, not,. to lib, go,
81 ~ ls5,2 1A d"tiis and ceut. ra,lnF an
c'ttnaled balance tu ilc ~ asur, IN the Lei Cd.
Jul1 lNi9, of , .NAS. eva toIlars anil ~ cent.
Tic Srtrrtart OF tho Iiessw, Wtll ufr..pt
a. required ip iaN, the estimate oi Tho fs,. ,pt.
and expenditures iur tlc peNi n.c. ,e.f III,
cNr'n'timrs as's,umated lot that ,rat a., ~
'la.l52 dollars and - ,eut, 90, iu,.tna 3. 7oa
lu2 and l. CENTS, iot tiss Irtrit,t ou lie puhi,
dtNi, ant y $40 iuu dollars lot tho pttn,ipsl tnH
iutrttst line {" MrNicu ON tb, 8Oth ui NAV, 1870
leaving he sum OF 2b.s74.bO doIai. and 3,
'rnis, Whi'h Of - l~ltc,cd wtu 10 auir,o he tie
ordinary peace cNlsnditmcs
Ih' operations 90 the tAuh act Of / $40 hs,.
lieu such turug the ps,t Ncai a. toll, To u.,,
the public expectation, ami 90 confirm Tie ou,,
inu hcfctniutr 'NprrsseI If the wisdom Of ihs
change 30 oar revenue system winch ~u ,dc,t.
81 los g. he receipts under It into the tfta,uI,
Tor Tho hrst hscAl wear alter IT. rnArtm.lt Z,
Cceied, hy the 'uin oi 1,4i ,4uI dulsfs and .
cents, the sHuunt collected during ti,c ls,t h.esI
,rat under tl'o tarn ui 1872, ending The SOL, Of
Jane, 1886, The total teycuur realized tt.,r
the commencement nl Its operation, on Tho !,
Of December. ls46, until The close Of tLe lat
quarter. on the 9Oth Of Sept last. icing twenty
two months, was 1904 b69 doilats aoa ~
ccnts-.bcIng much lstgtt sum than wa cvrt
tctofc received from duuc. during az, tqua
rcrini under DO" u,tIA acu OF 1924, '2S, 80, AMI
~ While by the ropcNi 81 iighl, protective
aud ptuhhtorl duucs the tcvenuc has t-cn ~
,tcrt'd, The taNtS un the JcoISc have been ia
mIuishcd. They have h-on rsiev.I from the
heavy amounts with winch the, we're buricocd
under lor,nct laws On Tho toriu u increased pri.
Co.'S Ut tuuuiics paid 10 favored classes and puf
suits
The predictions winch were made, that H.,
trvcnur ieow that collected under th- act ~
1919. ami PROSTATE lho hnsin,ss and dcsttu, the
ytosIrrt, Of the country, have not ioen verified
W nth an increased and increasing REVENUE, the
finances are M highly iioutiGhmg condition
Agriculture. commerce and navigation, are ptos
p,tous, tie prices al manufactured iahicr, and
of uu,et products, are much less inJufiou,ly al
lccted than was to have o-eu anticipated. from
the Unprecedented roNuls'on', winch, durIng the
last and the present year, have uNcfwhr lined the
lndustf, aud pafalS ned the credit and commerce
NJ 20 man, great auj cnhg htsncd nations Of Eu-
fopc.
Severe commercial Ioyulsions abruad have al.
why, heretofore operated " deprcss, and often
TO affect dIss,tTously, almost every branch OF
American industry. Tho temporary depfesslon
oi portion OF our manufacturing interests 10 tho
effect OF foreign Causes, and 10 lar lcss severe
than Inns prevailed on all former similar ocos-
tions.
1t IL believed that, booking 10 the great agGrc.
gate Of all our interests, the whole oountr, was
never more prosperous than Al tho present PER-.
cd, and never more rapidly advancing IN wealth
and population Neither Tie foreign war 10
which We have been invoked MOI the leans which
have absorbed 40 large portion Of ou capital
nor the commercial Ieyuls,on ~ Great Britain
IN lS47, nor tie paralysis Of credit and com
mefcc throughout Europe IN lS4S, have affected
uIlousy 10 any considerable extent any VI the
great interests OF the country. arrested our GU
ward maj Oh To greatness, wealth and power
Had the distui bunces ~ Europe not occurred
Our commerce would undoubtedly have been still
more EXTENDED, and would haze added still mora
to tho national veal and public prosperity. Bur
notwithstanding these disturbances the opera
tons oi the IoSenHe system established h, the
tMih act OF 1916 have beeu 90 generally lrncf
CAl to the government, and the husIncn Of d..
country, that no change ~ its provisions - 10
mandrd 10y wise public policy, and none "a
recommended
The operations ol the constitutional uea.un
o'tahliShed Is the act Of Aug &, 1916, IN the -
ceIpt, custody and disbursement oil the pubic
money, huNe continued to he succcsslul lnde,
rhls system the public huances have been carried
through ipreign Wal, involving the nr,s,sly
Of loans and extraordinary expenditures and ~
qurrng distant transfers and disbuf,emeuts.
~ lthOut embarrassment, and no loss has occur
red 81 any VI The puhllc money dcposIted uudet
its prosisiouH.
Niic 1t has proved up l,c sals and us, ul 20
the government, Ils ELECTS ha,, l~cumOsi line
heal upon the bu,Inrss Of the couuii, Il has
tended powerfully 10 secure an exemption from
that Initiation and fuCtuAtipn oi tho paper cuu,u
Is 50 injurious 10 domestic industry, and render
my 90 uncertain the rewards Of labor, and b. "a
~ OtNft mas IaTktlJ toHl iJulth "a IHfhfI'' 10"
whole country from sermons commercial fc1uI.
q on, such a often occurred under the tsns d".
post system In the year lsI7 there Uas r.
,uslun IN the Jufiness Of treat Britain 81 g~al
extent and intensity, winch Was followed by .a|
ure. N dat kingdom Unprecedented ~ numl't
and amount OF bases Ths 10 believed a. l'
the hf't instance when such dIsastruur bauktWi
cues, occurring IN country With winch Ne hs'r
such extensive commerce, produced htli' of m
INJURIOUS effect upon oui trade or currency w
remained bat hule Affected m our munrl marfsi
and our l-irn~ss and industry were stIl rr,s
perous and prugIsssNe.
DUring the present NeHT, nearly th' whole 'Dt
trent IT LufUTs has beeH ConN ul,ed D., ,I,II VA
and revolutions, attended bN num,fou, bankfup'
cirs, iy an unprecedented fsll IA theI lnbbr -.
curuer and al almost universal IsrsIlss ~
commerce and industry and yet, although or
trade and the prices Of our products iHu'' la"
heen soinc~hat unlavorably affected b, tiS'"
causes, Ne have escaped a revuision, our moo'.
market u comparatively easy, and public an'
| priysu credit have advanced and mpruvst
| It's confidently believed dat W have l"sr
fav"d from their eli'ct lD the salutary operation
! 90 the Constitutional treasury. he Drftlln ''a.
| II ule twenty fur millions Of speoi' lmprr
into thl' countr, during tho hsc4l year ending "0
ID" SDii, June ls47, bad gone into the hans', 4"
| 20 great extent II musG have done II Sou.d .'
| the sbsenre ui tins system, have t@en made no
hasis ui augmented tank paper itspss, pfotH
60 an amount not ls'' than siIty "r seventy ""
lions Of dollar, producing, 40 on Ine'''a'+
I IL b