Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1857-04-09
The Pabiie 1.nnds.

results OF distribution referred 10 Dy hln. ne
debt of Virginia. he tells Us. is now thirty
five millions of dollars. four millions more than
..the whole debt of the United States. The
whole thirty one States in their confederate
"capacty owe thirty millions of dollars the
"single State of Virginia owes thirty five mil
"lions of dollars. The United States Govern
"ment could discharge its debt without embar-
"rassment in less than year. When VIII Nir-
oinia. as matters now stand. ever be able TO pay
.ber debt! For these thirty five millions every
.acre Of land you own and all the property you
a.. possess is bound. Is it MT. therefore, expo
dent that we should assert our right TO these
lands and assert it now
There are now left ten hundred and seventy
.seven millions niIe hundred and eighty three
..thousand FIVE hundred and eighty four acres.
"You are entitled To at least sixty millions of
~these acres. which, at the Government price of
"$l IS per acre. would put into your State
"treasury seventy five millions Of dollars. This
"would pay your debt aud leave you forty mil
..lon dollars TO complete your public works,
"now going to decay. enable you 10 construct
"others. and provide perpetual fund for the
education of every child in the Commonwealth
And again
@The policy hitherto pursued with regard to the
public lands has bu up, to the prejudice Of yr-
GINA States hostile to Institutions and dan
gerous TO the peace and stability OF the Union
"Thcse lands have been ltvishiy bestowed upon
those engaged in a sectional war against your
i" hearthstones aud your Gresdcs. Where is your
share Let no miserable party appeal Of the dem-
"agogue or party asprant deceive mlslead you
" Remember that amid the closing hours of the last
q Congress a Democratic Senate, by vote Of p to
40 passed a bill granting to Minnesota, Alabama,
and Georgia millions al for nlroad purposes.
"Twenty- of these thirty-two were Democratic
Senators, among them Cass and Douglas, Toomb5
"and Rusk Thirteen of the twenty-five were from
"the saveholdng States"
The question presented to the Federal legisa
ture is not how to raise money, but how 10 be ro-
lieved Of what we have accumulated. aud prevent
an annual recurrence OF like character. by no
tariff that can be adopted til" receipts Of the
Federal Treasury be reduced to the wants of the
Federal Government, and the erea, question now
presented 10 the patriot and statesman H. how
to save the Government from the injurious #
fects of an overlooking Treasury, mud TO protect
the bu siness interests of the country from the in
Jury they will receive by tho withdrawal from
circulation of millions Of GOLD aud silver now
locked up in the Treasury vaults, To be ncreas.
ed and added to by each quarters receipts. Up
on this subject invite your attention to the iol-
lowing extract from the speech of our own Senn-
tor. Mr.. Hunter, delivered IN the senate of tho
United States on the Goth day of February last
He says:
Upon the strong political reasons for resorling
to some measure which will reduce the surplus reye-
nue. and the constant influx of specie into the vaults
of the Treasury, scarcely need speak. They are 50
obvious thai they must lie remarked even hy the
most casual observer We ALREADY that this
Hoyiny ls nfforlipr for the
widest and most extnvagant schemes Of expenditure,
and wild but TINT 1t maA lind some adS oeates
here and in the other House. " already hear OF
plans for distributing the Surplus Revenue among,
the States aud for thus changing the relations OF
this Government to the Static, as IL makr IL the
almoner to collect and distribute ie,rours amongst
them as majority here may choose NJ lis own afti-
trary pleasure. We see too, that tbs is alfatdms
temptations to combnaiiau for the purpu5esoi pun
der amongst spolsmen and plaeemcn who hang about
the Treasury. and whose influence must be OF the
most oorrupting character You perhaps, sir Mr.
Weller in the chair rccollect, tor came into the
House of Representatives, at nearly the snme time,
that at that day, when member voted Tor an NpPro
praton, he hadto explain himself aud to answer Tor
ii before the people; but now the rule seems 10 be
reversed, and when he votes against an appropriation
he is called account and is forced Ia give cXpla
nation Such State OF things l. startling and seems
To admonsh us, It strongly any thing can do Of
the necessity for diminishing the rate of duties and
putting end TO The accumulation of this extiaSa-
giant and surplus revenue. just economy Mr.. Pre-
sideut, is almost the greatest of public virtues in
deed, il may be said TO include nearly all those which
look to the material prosperity of people alone Nor
can its moral influence be valued too highly il it
Governments to lcafe undone the things that ought
not to be done. Bat how we hope for economy
when large surplus revenue affords many temp
tations to great and an irresponsible expenditure
"Bui the financial reasocs for rcsor,ing 10 some
such measure as this-something which will dcpletc
the Treasury and let loose the specie hich boarded
in, LIS tptn bp aft pF he
country-are strong the political considerations
We are admonishe1 by the Secretary Of the Treasury
that the surplus of specie accumulated IA the vaults
OF the Treasury the cnd of this fiscal year will be
some 1872 900 900 and learn that the actual balance
is likely to exceed what estimated
"By the end OF the HeAt fiscal Garland unless we
act this session DO nothing which will pre-
vent that surplus, without resort to cxraragant
appropriations is estimated that the balance will
be some forty millions Of doars Indeed, ii proba-
bly, will be larger than that When We TO
feet that the whole specie currency of the country
estimated by the Secretary Of the Treasury is only
about two hundred and fifty millions of dollars,
readily imagine the effect ot locking up twenty,
thirty, forty millions Of that specie in the vaults OF
the Treasury Twenty years age, before the discoy-
cry of gold in California and Australia, the present
sum OF money boarded in the Treasury would have
occasioned most disastrous etulsun; and If il has
not done already, il has only been because the
constant production enab cd us 10 supply the deficit
as it was made by he action Of revenue system.
But sir this has been done great expense to the
country We have not only lost the profits on this
surplus capital which is boarded idly in the vaults
OF our Treasury, but we have thrown on the produce
tive Interests OF the country the expense OF buying
the specie which was necessary to fill up the vacuum
thus occasiontd and to preserve the general level of
the specie currency Of the country with that OF the
rest of the world that is say these interests must
be forced either to do that or else the banks will