Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1849-12-12

lie revenue or income OF the L nleu
States is found insufficient to meet the
demands upon the Treasury. The coun-
try is in debt-the natural result of Lo-
cofoco rule-but fortunately our credit is
not seriously impaired, and we can read
lily borrow the means required to meet all
our engagements. The deficiency arises
from demands growing out ct the late
war with Mexico. But no sooner is it
known that a deficiency exists, than the
opposition press, following the lead of
the Union, is found busily engaged in ef-
forts 10 create the belief, that the increas-
ed revenue which must necessarily be
provided, is called for to meet the extrav-
agant projects of Gen. Taylor's Admins
tra,ion, and to reward its partizans and
favorites. They are ready to resort to
any means, true or false, of rendering
the Administration unpopular, and direct
the public attention from the extravagant
expenditures of the profigate Adnnistra-
ton Of Col. Polk.
The National Intellgencer remarking
upon this subject says:
''Inevitable and beyond the control of
this Administration (having been created
and left unprovided for by its predecess-
orr as is this deficiency Of means for
meeting the unpaid residue of the costs
of the Mexican war and the interest on
the public debt which it has entaied up
on the country, the organs Of reckless
Opposition have vet the hardwood to at
tempt to saddle upon the existing Admin
istration this defalcation Of their own Gre
ating The editor Of the Union for ex-
ample, raises his hands in holy horror at
{ 81, ~ I
readers as proof that the leading policy OF
the Wing party is to multiply expenditures
and thus increase both the taxes and the
indebtedness Of the Government This
view of the subject is either an optical IL
certainly, whether one or the other. see
ing. or representing as seen. thing that
has no existence. This Administration
tracted any debt that can make necessa-
ry additional taxes, or even additional
loans. The deficiency is solely the crea-
ton of the late Administration, of which
the Union was the organ and is still the
euloglst, and theirs the neglect of making
provision for a contingency which stared
them in the face, and which, unless blind
er than beetles, they must have foreseen.
/ The cream Of the joke; however. is, that
L., ~ Union finds a historical parallel to
this prete,,,Ied increase of expenditure by
the present Adm c.istra::on in the follow
ing statements:
''lt will be remembered that. prior to the
calling in Of the Harrison Administration
III 1871. Democratic Congress. at the
preceding session, made ample provision
bv way of appropriation, for all necessary
and reasonable expenditures of the Gov
eminent for the year ensuing; yet at the
extra session those expenditures were
largely increased and the burdens Of the
people rendered still more onerous by the
Wing majority Of the hard cider Con-
gress.'
REALLY! The Democratic Congress
which expired in March. 1871, made am
pie apr opriaiions for the necessary ex-
penditures of the year following its exit!
Very well. They did not spare the ap-
propriations; but they, like the last Ad-
ministraton, omitted TO provide the means
to meet their own erpenditures-to make
up the deficiency which they themselves
had created. They ran away Oike rats
from an empty barn) from a Treasury
which their own improvidence had utterly
exhausted. leaving the succeeding Wing
Administration under the necessity, with
in the first month Of its existence. Of call
ing Congress together 10 enable it to avert
the disgrace of National bankruptcy,
which whilst in power the Democratic
Administration took no care to guard a.
gainst. The moral Of the historical H.
lustration by our venerable contempora-
~. therefore. so far as one can be extrac-
ted from it. is, that in essential particu-
lars (stmilis simiiO one Democratic Adj
ministraton is very much like another"
Explosion Of the louisiana
This most shocking disaster, has occu-
pied large space of the New Orleans
papers. 1t is said to be the most disas-