The Camden weekly journal. [volume] (Camden, South-Carolina) 1853-1861, 1857-02-24
MISCELLANEOUS.
SPEECH OF HON. w. w. BOYCE.
OF SOUTH CAROLINA,
IS The HotsR OF REPRESENTATIVES,
. February 10 1857.


- February 10 1857
The House being in the Committee of the
Whole on the state Of the Urion, and having
Under consideration the bill (H. r. No. 556)
to reduce the duty on Imports, and for other
purposes
: MIR. BOYCE said:
Mr. CHAIRMAS: I shall speak upon the
: tariff The surplus now in the Treasury
amounts to over sl9,0oO,OOo, and this in des.
pite Of NE extrayagant appropriations made
uAtihe tha last few years The surplus on the
A0sbsof y1he, 1851, as estimated :bys the srcre
asy of thes Treasury, viii be ,$4Sif 995. "a 62.
These facts indicate radical defects in our ex
isfine tariff, and .forshadow great disasters
{ usiess sinely remedy is applied. They indi:
cate that more money has been taken from the
people than the wants of the Government re.
-qpise; chan which nothing can be more unjust
Nor naEise, eSpseialy when we consider the
!s2et that q large portion of our taxation as
being atsx 90 eoasuruption, falls upon that
class Of opr peopsse tshoshave but limited means
or nonsssns etief fhaA their labor, as that class
constitute 8 Rreaf msjofi,y Of our p"pulation,a a
Glass who sissphsticaIiy live by the sweat of
3eif hrow, Il kos sre compelled to practice a
.evera o. c,.s.,sv 8 sta3 Seeessitated to undergo
oreaf n,iiysf;s,ns
iR,,i fbef l&sa ,sihef ob;ec lions 10 these sur.
rJue. M 5;<sns Their natural tendency
isto ppt al = M tbe business relations OF tue
country by the ewsthdrawal from circulating "i
snch vast sums of money,in specie, the curren-
cy required by the Sub-Treasury law, The
d imm;,snt danger from this source IS Obvious.
when we consider the peculiar nature u: our
& currency consis,ino as it does so largely Of
+ 80, s..'a;,. and resting nm very narrow
7 ~ - In I.ana,v 1854 The total
3be hanks in the Unite: States.
- E,g.sys 80 IN c;fci,ia, ion bank credits
81 ssssl ~ a,ci, o,bpr.was s41i Oa3 :
eat ,,,.,.9,Ss sS.c;e i, ,,,,.r ,,ossss.i,,u was
MT go Az f63 Now. as lna as confidence
Ions;.,ssss :.S ,n;,,v result from hay.
~ c. s,,,,,b, ss,ssse Ioeea mn in the yuit, f
toyss, ,,,es,t: shaf LET financial crisis arse,
and iss;s si,fyiedls h. estimate the fatal cnnse
n.en,.ss5 .ljie Seeretary Of the Treasury,
ssneau fis point: saws. in his last report.
4The independen, Treasury may exercise a
fatal control over the currency, the, banks, aud
the sssd&4f ~ eeRntry; and will doso wien:
ever The Is s6ali greatly exceed the ex-
penditute 6fr& has been expended, sirr
: the. 54of Msly $50. more than S45s s525.-
go s {s9 ion nf the pubic debt This
debt 81 je9 scented from timr ti5time, as
the Iaio6& aQuIated in the nathnal Treas
ury sfrsngeney IN the taoae.' pspr&ef.
There bad. been no i'noiic debt, ana ''e means
of disbursing this large sum, and again giving
Il totbe channels OF c"mme, CT, the nccunautdtea
sum routa hare deted Jutdtty on the od"6s ana
on trade. = ;r.,s -
The national debt Is now so nearly extn
gu'shed that we cannot te.S upo" II '"r.her as
safetyvaiye.i thlnK /" unnecessary 'ur'ner
TO develop ts poiui' "us','ess ''ie'l wiz 'eao',
comPrehapd, IFS magh'taae' hor 's u necessary
'oie n'. ~ 20 5,e, nnn3 III.
tcBRs ~ sunuai f"Ss oi eo'oeo'ooo 'h '''e
ffem. OF hi'e'es'' nus "e'is "''.us'
wsacn we pay ~f .''e c"a"ce '' pro-
ducaIig nRanciai crls's.
~ eHons ~ tneSe SUI P'us
@0 NOT sest aere' tney Increase III "ag"'"os tue
anore We consider .hen'. i"e'' 'a'urai enee' Is
10 irtlsuse me zeal oil parties cofr"P' Tie p'"
sfanas ah ''aace W:sl 10 III ,"v .h "o'' ea.'asasa"'
aER1opssass.'ss. sp |i'n a.. ," ,, 's1"e"se
I ssss,sg aggs Us 'n- .ne 'ae . -" .";,.
:Mcu'u = ,b Hp ,s,;e Nj" ,h.u ;s !,
g Il s,st ~ aanas 7, has besn fnr several wears nry
.aoo,on,ended bv tho P,esid.nt ,f i6e
sIs.;,.d S,stes and the Secretary of the Trea-
o,d;n.r., .;r.,,,s,o,..s :, would
60. "a .nn,h;n,, .,anid NO moro nonn.r H.
stsnl sns' ,s, ho gss oaa ,b.t ~. .putas, m"Id
80. Wy ,SanlS haua ,I,s n,ar;, nr ms,f,une
g osAs - W shus H" s. II ma ps,a ~ ,ho
,pe g .s a' o o,,d ,.a.oat 49, 80 ,ts tis
sesiao,s " osa'e, We ouU p ~ ,.hn .H'
~. ~ .ns .ne % ,Is 1oai.I.,ors nf ,hs II"v
49, ssss we, @ unnn @ ,bs snh;ec,s The rsaSon '
tes,,'sy eSnaH...s. - opo' wy