The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1850-01-16

friends Of ST.. Polk did moi end Ills not
while they ueTe adding s5Q.OeO. COO -
snme three yeaTs ~ lie national dsl.,.
The eply - lhis viii be-. that The $50.
0c0. 900 added 10 the nziiossl sfla by
Mr.. Polk was war debt. and thai il is al
right 10 bouoE money 10 indulge ID ile
national iuxnry az war. even Al lie risk
af falling inID The hands OF Tie European
capitalists. who are doing xhai they nav
10 assist II wholesale plundrr and huirhss
~. Bul al national debts are chiefly War
debts. The expenditure Of peace in an
well ordered governments. ara deflsysd
hy the areiuing revenues: il ls only in The
emergencies Of war. and in The enormous
mrumbranees. and obligations which war
ARRAYS leasrs behind il. that II is fond
necessary 10 resort 10 foreign loans. The
debt Of Mr.. Polk grew up precisely in tie
same way - the National debt Of England.
The wars IN which England was engaged
al the end Of the seventeenth century laid
Tho foundation Of her present enormous
debt. The srren years war. The war OF
lie American Rev. luton. The war growing
out OF The French Revolution. The wal
terminating in the battle Of Waterloo
these have been The sources o. the debt
nnder which The industry and properly of
England are now grooming. The expen-
dilures Of peace are moi only small. bur
in many channels reproductive. When
applied TO Internal Improvements. they add
10 the national wealth and prosperity But
the charges OF war consume properly
they snnlLilaic The lahnr and money en-
ployed about them. and accumulate in
debledness and iaxsiions for posierily.
Z II the friends of Mr.. Polk. therefore,
shndder al The idea OF borrowing money
from the Rnihscllids and The Bsrings, 10
is great pity that ihey did no. discover
hour yess ago What ! shvs kjng hing Is
aalrnsg drbs. $50. - -
i'ss .ks ). solv organ X No; only l,or-
fof.sisieksn Al Inc idss ri 4 National debt
Ill u anxious 10 know how il hsl-
pens" iha. the Secretary Of the Treasury
calls for nraiiy thirteen millions Of dol.
lars ioi The civil and diplomatic expenses
during The fiscal year. when the appropri-
atoms Tor the same description II eIpendi-
lures during ,he present year do mol come
up TO six millions Of ,lollars!"
n om neighbors w,ll-only consult the
printed documents. they viii find that they
are moi well informed IS to The facts. The
inierrogaii.e allegailsn that tbs<iipIomatic
expenses OF .he government have been
more than double In The 6rsi year Of a
"federd" admini.iraIion'is only Loco,
f0co iaci.
The appropriations foi 'yriyil. and d.,
plomalica and miscelIaneous" services. made
for the fiscal year ending June. 1850. mob
intending the e3.5l0.0OO falling due to
Mexmo May 80, 1850, amount to s6.3Ol ,
COS 74a,
The estimates for the same service for
the year ending June 1851, amour, 10 sl2.
t; sl2,4s0 90. This irclu.Iss-ihe following
items which are not Included in The ap-
preparations for civil. diplomatic and
miscellaneous service" for 1850:
Psymcntto Mexico es.360O0O
y Exposes Of collecting The revenue 2,750,0oO
Deficiencies in the fund Tor the re-
4 lief OF scamen 100000
Census l,ll6.00C
Running boundary line 100000
snv nno