Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1857-05-12

the currency and business Of the ma.
ton from evils Of the most disturbing
land alarming character. i.
lean think Of but one contingency
il which it is probable that this
| Federal Government will ever cal
upon tile States for the sums deposf.
Tied with them. and that might take
\ place, if we should ever be involved
| in a war with some great Naval
lpower like Great Britain, when bur
commerce might be swept from the
4 ocean and the Federal revenues from
4 imports wholly cut off. And in that
leFent q call npon the States would be
4 far less oneroas to the people, than a
Iresort to direct taxation Ia power
vested iRGongress BY the Constltu-
.Htion and which it exercised inT 1918
1 Il during onr late war with CHEAT
II Britain.
4 The condition Of ont Treasury dur
ling the session Of the late Congress
was not unlike what it was id 1886
when the Opposite act of that year
Il passed. Owing to causes wholly un-
foreseen and unexpected we found
THAT we should have under the exist
ling rate of duties surplus in the
lTreasury on the Both of June, 1857,
.1of $25, 100000 and on the 30th Of
h June, 1853, of $50, 900, 0O0--all Of
which being lin specie taken from
Il general circulation and locked up in
1.-THE Treasury, could not fail to derange
1 the nlonied affairs of tile country and
+ spread Bankruptcy, and ruin from one
Iextreinityof the URion,to the other.
1 70 guard against these evils it be-
t1eame our imperative duty toireduce
il the duties on imports and thus lessen
4 the revenue This we did, but our
STnew Tariff could only 60 into opera
tion at the beginning oftBe new fiscal
4 year, the 1stI july, 1851. 1t could
not therefore affect the surplus Of
i $25,000, G00Iwhich would be in tile
4 Treasury on that day. What was to
be done with that snrplusi II there
i lad been any inst National and Con
! stitntional objects demanding that ex-
4 penditure1a and Of which there was any
\ probability it would have been SO ap-
/ Piled, | should have preferred /. that
1 direction to have been given To it,
i Bnt we had conclusive evidence by
| the rejection ofthe bill for construct
ling ten steam sloops and other bills
i 33of equal National Importance. that
l4no hope could be entertained Of Civ
ling that direction to thesurpllis. bnt
Ton the contrary that our redundant
Treasury was stimulating to Wild cor
.EruPting and extravagant schemes Of
Expenditure. Within state1of. facts
I before me and the Committee Of
ayB and Means having reported a
IBill framed npon the principles of
the act Of 1896, to deposite flat sur
Iplus with the States, / cast my vote
without hesitation for the Bill. 1T
passed the House Of Representatives
E--byta very decided vote-AI think by
a majority ofI4O, but was lost in the
Senate from their inability, al L learn
/ TO reachit, before the close DC Con-
.gress from the pressure Of other bust
ness, having precedence over it. ,
Il Had THAT bill passed, the share or
proportion of the fund falling to Vir-
Iginia would have been not far short
Ioftwo millions of dollars, whichifin-
vested as twas in 1886, would lessen
Iyour.taxes annuity some two hundred
Thousand dollars.
have made5t this reference tc nv
vote OH the Deposite| Bill Of the last,
Congress, with no view OF Iexpecta.
|tion ofconciliating tile distributionists
|of this District, | see no evidence
lin their course that they are actuated
BY any sincere desire to lessenIthe bur
Edens, Or advance tile interests Of the
people. Their object seems to he
rather TO acquire some paItTy party
benefit that to maintain the honor Or
ITO promote thelwelfare OF the State.
Itnay expect therefore rather to-
exaspelate than appease them, when
| demonstrate the utter insigiiificalce
Iof their plans for the relief Of the,
people, and how much more benefit
feial to the Commonwealth tits, even.
upon their own view of State advan-
Ttage,to receive two millions in tile
Constitutional form sof a Deposi;te
than one hundred and forty thousand
dollars in tile form Of an illegal Dis
irritation. NY sole object III refer
ring to the SUBJECTS to vindicate the
consistency of my own .conduct-to
|showthat my, vote during the last
session of Congress for the DepositeI
Iof the $25,000,O00 with the States
was not to1 be COMPOUNDED with the
idea Of Distri6utiou;: and to make
clear the proposition, that whilstI
am AT all times ready to promote
every interest BE my constituents, Il
can only do it III such form as the
Constitution ofmy country viii war
rant. 1t SO happens inthe present in
stance that the Constitutional mode is
Il Y L IT 4 =