The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-01-10

PmLADrLpuA, January 5, 1880.
In my last, characterized the discovery Of dehet
by the Secretary Of the Treasury Is Startling one when
taken IN connection with the late with Mexico a. its
This yeniured to do for the following reasons. among
others strong impression rests upon the memory nat
the expenses OF the classed as extraordinary
founded on distinct and specific estimates and specific
appropriations ard raised principally on loans to the gov
eminent on lis credit, represented b corresponding evil
ences OF debt also, that Congress had made appropra
ions, largely and particularly TO meet the anticipated de-
aads growing out OF the and. also, that the rev.
enue derived from the act Of Is46 not only had greatly
increased but far exceeded the expectations Of frsads
as well as foes, 10 the act a. a revenue measure.
II am right IN these premises. before an estimated
"dehcit--and large one, too--can be admitted origI.
mating IN such cause, running into the present and
next fscal years, three at least OF It's elements must be
carefully and accurately examined, detned and classed
st Whether the revenues, particularly from the Gus.
toms. are estimated large enough
3D. Are the appropriations asked for from the House Of
Representatives greater than economy and the actual
wants Of the government demand
3d. Arethe large appropriations already made for an
cpasd claims absorbed BY The legitimate objects OF
pcndnure or not, leaving much heavier balance TO
credit for disbursements!
results will show il deficit really will exist and, il
OF what magnitude calculation. involving also the
causes Of the deficiency and more particularly i the
Mexican has enailed upon the country in addition
10 the established debt il has created large additional
floating debt to be mixed with ways and means
nng through our expenses IN the ordinary expenditures
u Tue government anu aHectlnS treasury
to be provided for by new contract for borrowing
There nothing in the Secrearys report and estimates
Of forthcoming revenues for 1850 and 81 and his demands
for and estimates OF expenditures to make that fact dear
and establish il fscGy unbiased mind, whose wish
to fx such an additional charge TO the government on
that glorious mol the father OF the charge by any
means
have said that glorious warI may safely say great
and glorious warnot only from the ustre has shed up
arms but from the invaluable acquisitions and fruits
which the nation has derived from IT, immeasuraby ex-
ceeding any estimated cost in the proportion Of thousand,
to unit.
do hope to see FULL lucid, and thorough invesga-
ton Of finances generally, and in these particulars;
but should wish place before the readers Of the Union
few plain prominent views upon this ExcRUcIATMGLY
deep and profound subject, in the view Of the wing
pressso deep as to make il difficult to understand the
process OF increasing and bringing higher and
larger balances into the treasury to meet government
pendtures and decrease this terrible defcit" by
mencing upon the imports-from which this reve-
nue. is dervedn the adoption OF tariff Of high or pro-
tective duties, changing nd Ualorsms into specifics.
into ad vaiorsm specifics. specific ad paorsms Although
the cotton fabric" may bear 1.-THE same relation TO the
cotton plant the cotton plant does to the seed is not
PLAIN that tonnage can increase and flourish without
freghts and home, and expand, extending
to the extreme limitso civilization. A. go.