Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1859-02-04
From Fornry's Press.
The Thirty Million Project.

| aHu ihStIuctNti particularly us sPefcHcf pl
| Senators Seward and Toombs, the former hAy-
ing spoken against, and the latter 10 favor Of
the appropriation Both Senators may well be
| proud of their efforts, as each was in its way
creditable, forcible, aud eloquent. Mr.. Sew
ards EXHIBIT OF the financial Policy Of tie
Administration was very striking. After sta,
ting that $50, 600, goo was bat an initial sum,
which might he extended to S25Q, 100000 or
more, according to the will and pleasure Of tie
President, be said
Il will assume that it authorizes he Presi-
dent TO contract debt to Spain without again
consulting Congress or tho Senate Of The q.
States, for the sum OF $250,000,0 ,000 This
| proposition comes al time when our revenues
are reduced to S50,000,000 aud there is a con
fesscd deficiency for the year of S30,000000.
II is immaterial whether we borrow This $780,
! 0o0,000 to pay to Spain, as the bill proposes,
or whether we pay it ont Of the receipts OF the
revenues flowing into the Treasury, aud borrow
the money to supply the place Of what we
thus abstract. 1t proposes nothing less than
| 70 authorize the President of the United States
to create at once and absolutely debt of $40
! o00,000, and indirectly a further debt Of
| S220,0Q0,00Q, in addition to deficit, which
is virtually an existing debt against the Trea-
sury Of S30,000,000 making $60, 100000 Of
new debt certain, and $500, 100000 con.in-
! gent. THIS, added TO an already funded debt
Of 100000, 900, will raise the national debt to
! $3.50, 600, 600. This is to be done under ez-
| ttaordluary circumstances. We hayo at shis
mome1s no financial system 40 system Of re-
venue. We have, indeed, t.rif law which
brought last year into the Treasury over $40
UUO,0OO, and this year IS expected to bring IN
| 3000O,0 ,000; but G revenue law which leaves
an annual deficit unot te sail 10 constitute
| hscal system. Congress, after being in session
now near two mo-t&s, has utterly failei 10 'e-
visc any kind Of revenue system whatever
/ No. has the Executive Administration submit
! ted to Congress any SYSTEM for this emergcncy
This statement IS strictly rue, if you consider
/ that tno Presidcu:ztecomends oue system in his
annual message, and that the Secretary Of The
ireasurgs bis own responsible minister Of II
| narcc, subini's tn another sai wisely jiff-
! ercnl opc.
''This great increase Of the pubic deLt We
are asked to make z: The very kour whsn, il
omplrcce With the Executive recon-, aiends-
tion, we are proposing to authorize him to build
! S125, 100000 more, a0d, So aitar ousi, si1h
this. in the same message, we are slsa asksd 10
authorize the President 70 in7re ths s.,ny into
Mckee, which can ccst nctbiag less than Slo0-
! 000,000 more aud, =. the same 'iae, in pur
suance Of rccoDimeudutions cs the same weight
and authority, Te are asked 70 autiorizs Lin
! TO employ Inc army and the my against i14;
SO n..ny Spanish American STATES nn tais cor
! tiLen as he fhGii choose, which can REQUIRE
nothing less than $i00,0Go,C00 uo.e; 70,
without aHy fuanclsI system al aii. es are 70
have great debs 2ye ted BY tl.f Congress sf
:,ae United States, on tht Recommendation and
| application Of tee President to strengthen tho
arm Of the Executive, while weakening tho
power and the constitutions. force Of the Senate
end the Honse of Representative, debt cf
$500. 600. .Qo0"
Dir. Toombs, in his reply, so;nmarily disposed
OF Mr.. Sowari's Guancial difficulties iy ayow-
ing his hostility 10 the Pacific Railroad bill an
most Ct the other expenditures suggested, and
hy declaring that Cuba was worth to this Uuion
all the money that Mr. Buchanan would pay
for It. Al enumeration Of national advantages
likely 10 accrue from the annexation Of Cuba,
a bold defiance Of Frcneh Or English interfe-
renee in case Spain agreed to sell us hat is
isnd, and mastery defence of the practical
working Of our institutions over new acquisi-
tions, without regard to tho character Of their
population, formed the maia points Of his re-
m2Fksbly able aud telling speech.
Bat wc see little reason o hope that the
lr oc - l.
his controversy. All the sigus Of the times
indicate The utter improbablity OF our being
able TO purchase it now. Mr. Seward we'll
said, after quoting the recen, proceedings in
the Spanish Chamber Of Deputies
''Sow, sir, after having shown that there is
not the least earthly prospec! Of rcgariag the
Island Of Cuba By o, in consequence of the
passage Of this bill, what followsl 1t follows
that lie question tnhether Cu6a is desirable, ana
ought to be attained, as not at all an debate. II
IS an idle, a Uis,onary, and miscdiqUons abstrac-
tioa. There IS no such question here but the
question which is presented is, tchefher the Con-
gTess Of tie Uaited States shall authorize the
President Of the United States to offer an in
dignity to Span Ths is al"
The President has asked for unusual, extra
ordia'ry, snd dangerous powers, and he has
not given Congress the slightest reason for
believing that any substantial good can result
from compliance with his request. The belief
shat Cuba will one day become IN ntegrial
portion of this Union is almost universal, but
there is nothing 10 mark this as propitious
period for accelerating that event, or for select
ing Mr. Buchanan and the scheme he has de-
vised as the agents through which shat end is