The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-12-08
Number OF ballots.

: . "a IS
The National Debt.
The organ OF General Taylor and the cabinet with the
acuteness for which it is remarkable attempts to
throw odum upon the democratic party for adding 10 the
amount OF the national debt during the last four years
This sort OF is such might be expected from
the organ Of the party who sympathized with Mexico.
even to the extent Of voting against supplies and in.
vokng semi. barbarous enemy to greet our brave
soldiers wth bloody hands to hosptabe graves" That
party. and its organ, Of course denounce the creation Of
national debt for any purpose except minister to their
own extravaganza and corruption. They would, if they
had lived athapeod have denounced the patriots Of Its
for creating debt in the Of the revolution as their
immediate ancestors denounced the democracy Of 1912
for creating debt during that eyentul period They are
opposed to all expenditure, all debt and all taxation for
defending the rights and indicating the honor Of their
country But in time Of peace, when they get hold
Of the government they sometimes do by dnt Of hum.
bug or by the preparation Of downright fraud, then
all right and proper to squander the peoples money
in profgate and corrupt schemes to feed the hungry
pack Of spectators and political gamblers that follow in
their ain and even to run the country into debt for the
purpose.
But how stand the facts with regard 10 the indebted
ness Of the country, Who has created debts in time Of
peace, when none should be created. Let us see In
1910, the amount due on the old debt Of the United
States the debt Of the District OF Columbia and for out
standing treasury notes. $5.i25o7s. Then the federal
party, under its first available, General Harrison, came
into power and during the four years that followed and
which may be considered as the consequences Of the
success of the federal party in $780, the condition Of the
national debt was as follows. viz:
In ls4i ss,7s7.sss
1912 l5.o2s,4ss
ls4a >2s,s9s,o53
1914 2s,i4a,sss
Thus was the national debt increased more than ,ssen
~ mons of dollars during the four years following The
advent of federalism to power and in time of profound
peace And how was il increased By the adoption Of
probibtye tariff for the benefit of the monopolisls,
which excluded foreign importation and prevented to
great extent the raising of revenue from that source.
and by extrayagant expenditures for unnecessary objects
Thus the federal party contrved by two expediens to
increase the national debt during the brief period in
which i, controlled the power of the government: one
was BY diminishing the receipts Of the government and
the other was, BY adding to its expenses
What was the consequence Of such an idotie or cor
rapt policy To destroy the credit Of the government
Instead OF selling its bonds above par Is was done by
the democratic party during the Mexican war under the
reign of federalism, the government was obliged 10 hawk
its credits about in Europe and 10 sell them below par
Such was ,he disgraceful fnancieng Of federalism du
ring period Of profound peace when the country ".
,eeming with all the elements Of prosperity
And what was the course Of the democratic party.
when il attained power in is45 Il just The
Of tina, pursued by the federal party The administration,
then indicted into Office proceeded at once to pay the
debt incurred by the exuzvagance the folly and the
rup,ion Of the federal party In is4s Mr. Folks admin.
s,raon reduced the national debt from s7e.i4a.0s6.
down TO sic sol SAT; and il The Mexican had not
interviewed, the whole debt would have been paid. and
there would have been in the treasury the tth OF
March, ls4e. a surplus of millions
But, without the agency Of The administration Of Mf.
Polk and by the act OF Mexico herself war with that power
eusued On our mart II was waged TO defend the inegr
y Of our territory TO vndicste our national honor,
to obtain indemnify for injuries and damages done to
our citizens in their parsons and property and to insure
security for the future The Gar was conducted with