Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-07-28

Pierce the old public iunctonay" viii have contracted
debts to the amount Of eighty millions at the end Of his
term Of Office. The expenses Of the government have
been sWeed 10 one hundred millions more than its in
come during the past four yearsan excess of exPend-
lures over receipts Of hrsftyfre millions per aHiN
AT this rate It will not take long make the public debt
so large that even the interest upon it could scarcely be
raised from the most excessive tariff on imports, and
resort to direct atOn would be necessary to meet the
current expenses Of the government.
Yet in the face Of this startling future, the party now
in power has noe only failed propose any effective
measures Of rerenchmen but has steadily and perss
tenty opposed every that looked towards an
increase in the current revenues Both wings Of the
discovered democracy ignore this important question: in
the platforms adopted by their national conventions and
BY their State and local conventions. They offer no
NEEDY for this runous condition of public finances,
and if their policy should prevail the country has before
il long vista Of constantly accumuatng debt ending
in burdensome taxation the last Of crippled trea
sury The duties imports fail to meet the government
expenses by than twenty millions Of dollars per
num- and the public income from other amounts
to only a nominal sum- The only other available re-
source is direct taxation Either this must be resorted
TO- or our national debt continue to increase at
enormous rate Congress- at the close Of its recent ses
SION provided for loan Of tEenty-one millions Of dol
lars and i, is now understood that another loan of at
least ten millions and probably twenty millions Of dol
lars, will be demanded of that body Immediately upon
its reassemblng,
Let these important facts receive the consideration
they deserve They appeal to every mans personal in
terest-for no citizen so wealthy or so poor as not to
be affected by the condition of the federal finances
Whether he shall live under government burdeued with
debt or under one free from financial embarrassment is
a matter Of direct concern to every one.
This question one Of the issues this present
paigu The Bell and Everett party is pledged to a re-
form IL those abuses-hose excessive expenditures of
the public moneys which have characterized the Demo.
cratic policy and to such modification of the revenue
system will provide ample for carrying on the
government without a resort borrowing Such tar
iG while t will impose additional upon the peo-
pie will foster and develop the national enterprise and
industry, and viii give manufactures a new I'M
petus 10 agriculture more extensive home market
capital a wider field for investment and to labor more
varied and consequently more remuneratye employ
ment.
Contrast this policy with that which has depressed the
industrial energies of the country; which has sweled
the national debt to one hundred millions Of dollars and
which, while it is increasing that debt the rate Of
twenty-five millions Of dollars per annum, provides no
means to meet either principal or interest except by
borrowing. No sensible man can for a moment hesitate
which of these two policies to choose.
VIII the honest and intelligent voters of Virginia and
the South not vote for Bell and Everett as the only
Of suppressins the unparalleled extravaganza and
corruption Of the Democratic party. VIII the people
longer submit TO such reckless squanderng of their
money!