The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1858-08-11

| wharves, that our factories are ciuseH OF
langui>h,ng--that our workshops nj longer
resound with the sound Of the hammer, aud
the noise Of the saw, the plane an, the file
Our public works are suspended. or but ter-
bly prosecuted--our interior banks are eur.
failing. our exchanges are ,leranged, and cum.
fidence is destroyrd; our teeming fields Weld
abundant cr,ps, but depressed prices disap-
| point the hopes Of the farmer Of obtaining y
/ fair reward for his toll. Every branch OF in
dus,ry is paralysed. except such as are indie
pe ndent ot the action OF the Government.
The cotton planter and the tobacco raiser
flourish, because their productions seek
loregn market in which the constitutional
provision inhibit,ng export duties. prevents
Their being deprived OF by the government.
These branches Of industry flourish. not by
reason uf any aid afforded BY the admnistra-
ton, but in spite nf its blunders
i Az a general thing. distress--commerc'a
revulsions--increase resorts 10 courts 81
Justice to c,erce payments OF debts, and in
di,idual bankruptcy persade the laad. Mo.
ney is plenty at the commercial centres. but
il is the result of congestion which arrests
the healthinl circulation oi the hte-blno,l Of
trade. Stagn.ton, sort Of national apo
plesy, resulting IRON the undue accumulation
If circulation in the head, at the expense oi
the extremities, affiicis nur country!
i All these things we charge on the mal.ad-
ministration ii the Government But these
are not all;
| We charge that while the country is thus
suffering under Industrial syncope, the 90
verLment is revealing IN wasteiul exhasa-
sance!
II As il in derision. the President prates 20
Congress about econony, and the reduction
Of the governmental expenses. He IS always
ready with professions! Practice is very
different thing HIS priacipis is economy
his practice erirauaganee!
4 l. not this sof Let Us lnok At the facts.
n When Mr.. Buchanan came into Office, there
was an accumulated surplus Of hard money
in the treasury amounting TO SEVENTEEN NIL.
LIONS nf dollars, which his predecessors aud
others supposed would be augmented 10 THlR-
TY or possibly FIFTY MILLIONS BY the ist OF
july, 1857 'rh- pnblc mind was agitats'l
in regard 10 the best mode Of di,poslng 81
this enormous accumulation. All concurred
that II would be dangerous to le.vr It IN the
treasury. Some were for distributing IL
AIMING the States. The more squean'sh.
were Tor following the Jackson precedent OF
1886. and deposifiag the surplus with tie
States. No one doabiei that the surplus
would e.ist-for the government was prnsi
ded with current rs,enur, which, according
to the judgment Of Democralc Congress.
and Democratic President, was suff lent 10
pay al current expenses.
But hos did matters turn nut? What be-
came Of the boasted surplus! Acting On the
principle or the Irish priest WIN. tearing that
a keg of whiskey. which had nern brought
into tile parish. would corrupt bis aoek. drank
il all up himself! Mr.. Buchanan, unwilling
to trust the people with their nwn money.
undertook 10 spend il all himself. This was
a very eaectual means. certainly, 81 defeat
ing the measure Of distribution among the
States
Mr.. Buchanan and his party. therefore.
have not only spent all the rnrrent rcsenurs.
which we're estimated BY Gen. Pierre. ard
the Congress OF 1856, ~ sufficient 10 meet
the wants Of the government. but they have
: SPENT ALL THE SURPLUS OF SEVENTEEN NIL
: Lions, WHICH THEY FUND IN THE TREASURY
Nor is this the worst Of IL Not SATISFIED
with spending all the current resrnue-aa,l
!: all the seventeen millions at cash on hand.
VIZ. Buchanan and his party have sp.nt
TWENTY MILLIONS OF rgEAsuRY MITES Alter
this was gone. they borrowed TWENTY MIL.
LIONS more Of money, which has also been
spent, and tney are n'w advertising Tor a
third sun Of TWENTY MILLIONS more To mee'
the expenses 81 this yIrtu0us and economical
administration!
Only think Of it, fellow citizens. Mr.. Blu.
chaDan has been 10 Office Gully since 4th 81
March, 1851 period Of sixteen month.
10 that time he has spent all the current rev.
: eaue OF the country, and 10 addition thereto
SEVENTEEN millions which General Plrrcs
: left N the Treasury and TwLSry MILLION:
Of notes. and TWENTY MILLIONS u borrowed
money, and j. INV borrowing third sum q
Y TWENTY MILLIONS making the grand aggre
y gal. &c SEVEN rY SEVEN MILLIONS u
{ dollars ever sud Ab,ye the current revenues
y speat in less than iico yedcs!! 'rhls i fsil
beginning, certainly. I"r party Witch Is Al
!" wa,s yueiferous 10 fas"r Ut .connmy.
II this thing is tolerated BY tie people
wheu aud wh,rr will il snds Van Barcr
: spent a,nui forty millions year. and the pea
pie rose up. almost 10 man. and hurried hin
{ from ufire Ii I've deserved such r.buk,
: : for his erirs,agancr, what y TO be th, nra
y sure 81 rcpron4liun due to the present admin
i.trst,on whose expenditures are more thai
: double
In 1870. the people laid ssilr old part'
" prrjadle.s--they harmonizel differences %
upinion On mianr subjsct.--they pnstpone'
1, to mnre convenient season, thr adjustmen
Y Of subordinate qnestinns,--and actusfrd p,
y one great paIriotie impulse, they came t.
J. gethrr, under the banner 81 an hnnest oil,
y soldier. AMI achieved . glorious political rev
. olutiau.
e Judging from the signs of the timss. y,
y believe they will do The same thins ~ is6n
They are tired e principles, '--thrg wan
y +" n,en,-honsIi men--they are tired &c pro
J. sssioas they want eopiaet--hontH c"n
= duct. They intend 10 reject thr unclesI
= bir1s from the federal nest They intend