The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-12-31

four thousand millions OF dollars. This immense
could be- lquidasd and that il wosId be necessary for
the Engssh people support the burdens OF high taxa
ton-pf rucuvs OF 20 .0oo0 900 surplus snnually-only
Do we desire 10 fasten upon the people any such in
cubus ~ as The example which we have givea
should he warning TO all the politicians that will ever
live Better sink annually accraing surplus Of money
in the than employ il 10 form Hnctu Tor national
debt The hrst step taken. aud the principle viii be es
abshsd; sh..li at once 30 on to do everything which
railroad to the Pacific with the national funds. and
can ba,ld \ Chinese wall. and rival the pyramids of
Esyp The day would be Vt hand whea the nation
would be cae upon 70 erect churches and court houses,
and |. ~paT the common highways.
No Rtre absurd and Jangeroas project has ever oc-
cope atlsasion OF our people than that OF usog me
mupy ~ sbe treasury TO construct railroad from the
Mssssf n tfveT TO the Pachc ocsaa. Private capital
car III undertake the enterprise Government can
grant portion OF the public lands 10 encourage
il. The road is needed, mot Of protecting
Pacific possessions against foreign enemy, Tor II
would inquire larger army 10 protect the road than the
nalion hui oi facilitating the settlement OF the
country, and OF opening an Immense commerce between
the two oceans.
This whole sabject will be treated length future
number cf the Review we shall smpy N .his pscs
extent tc have escaped the observation OF many who
paiess to mzrurely considered the matter Many
Of the most advocates OF railroad built at
the expense OF the nAon, also the nncompromisng
friends OF high TART. and the opponents OF the sub
treasury They more about these objects than they
90 about tfE road ln@x regard fdcHc railroad as
better calculated than anything else to create neces-
atty The radical changes for which they have long
labored and which they ardeny desire to see effected
in our sysems OF and finance They naturally
foesee thst the road begun be finished and that in
order 10 completion II would be ouiey ecessafy
10 lay duties upon foreign importaons, il not
TO issue PAPER upon the faith OF the nation Thus we
might be incidentally drisn inoxbe adoption OF bank
OF he United Slales ann worse tart than ever cursed
the country The road should be constructed, and we
cannot se along without III but let the work be accom-
pushed through the agency Of company, assisted by
magnificent grant OF the public domain Private capital
an unlimited amount 10 ready to be nvested and let
as encourage application this grand and noble Oh
ject
The surplus in the nati ona treasury amounts to some
twenty iva thirty millions So great IS the premium
upon our outstanding debt owing 10 the universal conf
dence OF the world IN resources. and the stability OF
our could only anticipate s regular pay
ment by an immense sacrihce Of money. II would re-
quire seventy eighty millions TO liquidae, al this
rod, fifty sixty millions OF indebtedness. Such
il the plethora OF the sub-trsssury, that upon this
side OF The would be an absolute advantages 10 our
but the -johbers OF London we'll
aware ol aciaal condition TO be IN Tbs slightest
degree alarmed by any temporary ebution OF popular
sentiment They know that IL the event OF war or peace,
famine or pestlence, will able 10 meet every de-
G. and would he in our power to convince ind
OF the possibility OF she naoas experiencing, even ten
porarIy. The sviIs Of bankruptcy.
Our present surplus be every day increased Cali
forniA has already poured upon two husdred and
6fy millions OF dollars, and The improvements. which
win shortly be applied in WASHING The aSfsrous sands OF
discovered silver mines of northern Mexico will aug
ms nj the prospective znnua ianx OF ready money 10
such an extent actually disturb the money mark
OF the world Ii is ventoring much To predict
that many months can pass before inere Will be,
subject TO he drai, OF The treasurer OF State. ons
hundred mo0s of dotA.s. What disposition shall be
made OF tu.s inne use SUM will be n question worthy
the alsenuoo OF the abest Hnancisrs OF the nation.
rhe hso,ty io~ses. through dsfslcat.on and every
specIes Of governmental extrxvag1nce, will he Alto
sether without example IN the country Such an
amount ot money cannot be Withdrawn IRON the mar.
ssi without ssoa ~, S our ~ ass, ana
tons engaged the transport business OF the world.
Ihe question already prcsened-ShAIl our treasury
become the receptacle OF uncounei mlions whose vol
/ ume shall enlarge from year year. and lie a dead
weight upon The commerce Of mankind As well might
shining dust sIumher IN the Cordilerss and the An
des and IN the bed OF the Sacramento, be locked mp
in IN. vaults OF the nation II such ID to be policy.
Uncle Sam will be constituted miser. richly meri,ina
the opprobfum Of the naked. starving nyriads OF hn
mainly
Two methods presen, themselves. by either of which
we may speedily remedy the piethoric disease of the
treasury Oae OF these have already advened 10 and
repuisaied under The OF national impro
the other ia by a reduction OF the dutes on imports
Never good an opportunity presented ior praci
cal approximation 10 that democratic doctrine, free sde
The Treasurer of State bas issued CIRCULAR sdre
TO several of ihe New York merchants. making
in regard the articles which could most properly BE-
sabected TO lower rzie OF duty IL altogether PROB
able from hls step, that he will recommend
nnal report radical modification OF the tar al
IL 10 not expected that he will advise seh = redron
would suppose dehch IN the ensuing year. To ne bal
anced by an application OF A portion of the surplas
already declared. This accrued will p<sbaby re-
main on hand applicable to contingent expenditures
be IN some manner arned that the profits snsy be
loycd by the nation; hnaly. he al once aprro2rIaed
purchase Of portion OF our outstanding evidences
O! Indebtedness part of II will, II likely, be ac-
vancea to The Atlantic and Pacific Railroad Company BY
way of for the transportation OF the mails
tfoops and arms OF the nation. We look with conf.
dence 10 the Suggestions OF Mr. Gubrie whose integrity
discrimination, and ability, amply qualify han 10 dis
charge the Of the department with which he ia
irasisd.
We entertain no appfehensons IN regard to The success
Of the admnis' ration Tbo-e toat predicting. and
anxiouay desiring fa4lore have counted without Their
hnsl'- They know Little oi the Intellectual ability and
the s,eru ahsxihe purpose OF the helmsman Of the
ton Ffankn Pierce stands far above the roach Of 20
licA ca.umny. and may we'll look dovn with conlemp,
upon vulgar crowd who prosittns their pens and
their tongues the defamation OF his character The
masses know h,s worth. and will not desert him
com uodaie asprag DE- emsxoxuea OF his own party, or
pnscsupuoas enemss "A the oppos,non They will not
lsdgs hs by the standard OF occupant n q
conlsmpub~ office. bat will suspend their judgments
until an opportunity shall arise for display Of that b
eral and slalesm anke policy for which his whole fe
! has been sminently distinguished.
4 Io defendiag the xdmnisraton, ~. would not be re
garded The suogist of We scorn the contemplate
province OF hanging like parasite around the dspens
ers OF power We do not aspie To The honor OF being
identified with /" old foxyism." or "yoaag America :
There il but one lamp which shall be guide to our
feet and that il the Lamp Of democracy ask, and
an organ OF the democrats st elected JAckson. Polk,
and Pierce Our sympahes are with the younger OF
the land but we would not descend to the degrading
depth OF cutting the aequasntanCe of those that have