Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-01-03

If there is anything that the Administration
can do with inimitable ease ard facility, it is
run in debt. AT the beginning of the fiscal
year commencing July, 81. there was in the
National Treasury seventeen millions of dol
lars. After spending all revenues and income
received, and twenty millions raised on the
Treasury, at the close of the year there were
sixteen millions in the Treasury; so that the
country was plunged into debt that year
twenty-one millions of dollars. During the
present year, up to September. ten millions
were borrowed on bonds. and twenty millions
paid out, while the receipts have been less
than fifteen millions.
The prospect does not look flattering. II
is rather evidend than otherwise that the
government is spendingscores of millions
lions more than its income; and the President
and Secretary Of the Treasury have nothing
definite to propose or suggest looking o a re-
turn to sound and healthy financial condi-
ton. One talks about dd UoiOren, and the
other Of specific duties upon imports; but the
only practical method likely to be taken to
meet current expenses is that of going into
the market to borrow money! method Of
proceeding in which we are becoming well
experienced. This is the time of all others
to urge the establishment of a military pro-
tectorate over Mexico. to purchase Cuba, to
increase the Army and Navy, and to scatter
millions upon millions, ostenSibly among the
old soldiers, but really among those swindlers
who would speculate in the Old soldiers
claims. and who already. with the scent of
bnZZards. snuff afar the odors of the feast.
The Administration has no producers appre-
citation of the value of money, and no idea of
that which money represents, save when 1t Is
employed in the manner which Mr.. Buchanan
cOolly denounced in his Pittsburgh letter. II
not restrained by some power greater than
their own consciousness of right, Mr.. Bucha-
nan and his constitutional advisers would run
the country iGto debt at the rate OF one humid
red millions of dollars per year. Indeed.
their recommendations already made would,
If they met the approval of Congress, more
than do this. No clique of men in this coun-
try, in position to be greatly Influential in
public affairs, ever before talked with such
magnificent recklessness and impudence of a
few millions, more or less, here or there
millions of the peoples money, coming from
the hard hands of productive labor. A few
more Administrations of this sort of political
stock gambling Democracy, and a national
debt of colossal proportions will become "a
fixed fact in our affairs; and this debt will re-
present the vast system of bribery 10y which
the party in power is maintained, the profit
gacy of partiZans who at the head of the
Government have used its machinery for self
ish and scandalOus purposes, and who, by the
Capitalization of official power, in imitation
of all the despOtisms % the earth, and the
rrofuse expenditure of the revenues, have
contrived TO consolidate party forces i'll "a
close corporation attaching thereto the form
and name of "Legitimacy" giving the rule of
the land to the few instead of the many. thus
establishing a strong and rXtravagant Gov
ernment, to flourish over the PROSTATE liber-
ties of an impoverished peOple.-CWcinnati
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