'"par? are tho plaus ol fair dellghtfnl peace, nnwarp'd by iparty agc, to -live like .brothers.
TO!,. XXXIX,1
NO; ai
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- JFoTj lite Register.
Mt Dear Douglas rFrorh my earliest
recollection I have heard it asserted, that
it was never too late to do good and, as
you have resumed the correspondence which
once existed between us, arid which for
?ome cause unknown to me has been until
now, discontinued, it is . witlr -pleasure I
acknowledge the receipt' of your very
friendly and acceptable, letter under dale
of 10th ult.
1 am pleased to learn you are still in the
road to preferment, and if I had any wish
to ratiiyv it is, that you; may be blessed
Yjith a long and prosperous life arid be use
ful in that sphere of action which it hal
pfeased your Creator 10 place you in. The
several topics which yni enlarged upon in
your letter, Wilt require a pretty ' lengthy
one from me in reply, and as you " possess
more than an ordinary share of patience, I
ioje that admirable trait will not become
too much wearied or exhausted ere you
fchall give it a fair perusal. 1
Your good sense and experience will
always suffer the fact to be borne in mind
that vou are placed on earth for a nobler
uiuosetnan to . nvc lot'yoursti" alone;
Ve have all cei tain duties to perform , not
ouly to ourselves and families, but to. God
and our fdlow-creitures and, as you are
a professor of the Religion of the Bible,
vou wilt at all times easily -discover that
those duties embrace a due regard to the
welfare of our' families, an ardent love for
Him who giveth liberally, and Who.will
receive no oblation but what springs and
proceeds from the heart, from which will
necessarily flow' that Benevolence which
the Prince-of Peace, the Saviour of the
world, inculcated, while upon earth. If
vheie is any trait in the Christian charac
ter which shines with equal or more brilli
ancy than another, I think "it must be Hit
mility, which with me, is one, of the evi
dences that Evangelical Religion dwells
in the soul of him wha possesses that vir
tue. By nature, this disposition has ho
place in the human heart, which ..divine
Revelation declares to; be.deceftful arid
wicked above all that can be imagined.
On the contrary, Pride is ready to intrude
itself upon us in a thousand forms, and,
unless the Christian is, clothed with the
whole armour of Gospel truth and simplici
ty, he will be very apt to make shipwreck
01 ins soul, anu snare the binners late.
Without humility, no man can serve God
acceptably. ? It has ever been an eheray
to pnue, wnicn renuers .mm impatient ana
supercilious under reproof : the two prin
ciples cannot act together in tlie same heart;
the one or the other must guide our acti-
tioiis the first, by grace iri fused in the
soul the second, by a love of the world
with all its pleasures and vanities. -The
humble man thankfully receives the faith
ful and timely admonition of his christian
friends; the proud man resists with feel
ings 01 warmth the generous and friendly
dealings of those who Ipve his soul, and on
that accotint, tell him of his faults. If he
cannot by any artifice of his own deny the
faults with which he is charged, pride im
mediately, flies to his relief, arid endeavors
to devise excuses. for his guilty and un
blushingly brings to his aid a false philo
sophy to sustain him in his corrupt and
vicious principles.
Pride in dress is a predominant fein in
many hearts, rior is it confined to any age
or sex, but all -who admire .the; fashions of
the world participate in them to their own
destruction. . , ' . ?
1 conceive it is not a matter of small im
portance to watch and studiously guard
against pride in apparel, though I confess
the word of God does not regulate the shape
f a bonnet or the cut of a, coat, yet it en
joins upon us to avoid as much as possible
the follies and extravagancies of the world.
Humility is always content with decent,
but pride indulges itself ili costly and su
perfluous apparel ; the one is, pleasing to
tjod, the other is sinful and1 obnoxious
arl its heedless participants will be re
garded ia proportion, to their indulgence
lr these extravagances, iit the day of final
retribution.- ?., t f '
Pride is not only cruel but false. Many
flre the untruths which are shamefully ut
tered by its agency to shield its votaries
irom ignominy. It is also dishonest,. as it
pauses persons to contract debts which
tlley are riot able to pay, merely for the
PU pose of keeping tip the appearance of
r'imtleur and -high lite, which they cannot,
Hlthe nature Of tilings, long sustain. .
;otsowitlj humility, which grasps at
thino; beyond its control, reaches after
,,ir s'Jhance and leaves the shadow to its
fate. It is the essence of,, every thing a.
miable, and Ihoie vhb"p-acticeit harve no
thing to fearfiOm the scoffs' and malice of.
a ceirsprious world. It is an -armour which
will shield I them from tlie attacks of the
envious, and they! can lorik with ar pious
indifference on the 'frowns; and revilings of
their enemies without dreador alarm. It
should be the aim of every accountable Be
ing 16 tweaks he: .Wtuld v.vi;sU i.o die ' He
should have,. theb-Alar iof Gpd ever before
him, and should not'offerid the Most High
either in thought, word, oWdeed. This, in
the literal sense, i4 rue wisdom, which is
the humble man'9 afeguanl; and support
wiile sailing -from in earthly to a heavenly
post.- .; -. ; r.: ;
Pride is iri' uneasy passion, an4 ou t of it
grows envy, which iis closely allied to self
ishness, This-last passion . would willing
ly enjoy the highest 'ood. alone, but when
it sees others pi-bspriri and more careful,
it indulges in the tormenting repiningsj ojp
envy, which thehnjnble linan shuns as Ihe
would the, most deadly pbjson. ' Humility
is benevolent and generous in, its associa
tions with mankind It feeds the hungry,
clothes the naked, arid cheerfully admin
isters to the wants of the sick and diseas
ed. On the contrary, pride is cruel as
death ; it shows no pity to those whom-it
can controL, it lives'on the ihard. earnings
of others,, and cares for nothing else but
its own aggrandizerpent. V
Prompted by pride, ambition wades thro'
seas of blood, ; and beholds with a careless
eye the fall oi 'empires and'millions of Vic
torious slain, that it'may acquire lame and
power: It was pride, urged on by its twin
sister ambition, which pnmipted the Cor
sican to wage war u pon the nations of Eu
rope, that his name might descend to pos
terity as a-miehty conqueror. His ambi
tion was, for a while, jsaliated in the subju
gation of millions of Jiutnan beings, but, in
iimet oy me proviaence 01 uoa,
he was hurled from his throne of power
;and despotism and made to. feel and know
that he was but man-morlal manr whose
destinies are in the hands of Omnipotence.
It was this which made an Alexander shed
a, profusion of tears because r there was not
a second world to conquer It-was this,
added to crueltyof the blackest castjWhiclr
"instigated the tyrant jNero to apply a torch
to the City of Rome,' and then to smile at
and look on with a savage indifference on
Pride and Ambition
are
wars
urge tne unpe
iu single conibat, on what lie conceives to
be the field 01 Aowor, tor some supposed
injury or insult he may have received from
his tellow man. The v sanction the commis
sion ol every crime which can be perpetratea
either under the in urjkey shades of night or
day. m violation ioi diving anu
; THE UNITED STATES BANK AND
THE GOVERNMENT.
the legumate offprings of all National ed f f j
-civil broils and commotions. Ihev d d Qr u
e the imperious man to hazard his lile . . A rf. .
111 open oay, m
human laws.. Jy desire is. to liveand dit " nf Psuea tne even
the humble Christian, and exchange pride performed its duties to
o.wi tivL Uint. irwPi.. met its obligations, with
which, in everv station of life, adorn the
good man's character and elevates it. to
toys immortal and urfseeri. To the Chris-
ttan, contentment imparts a tranquility o
soul which the proud; the vain , and pomp
ous are unacquainted with ; it turns his
pennies into pounds, his roughly construc
ted cottage into a. palace, and converts a
baVe suDDlYfinto abundant nlentr.' This
divine book regulates his inclination, Ies
sens his grief, restrains his: ambition nd
refines-his affections. J-Witji it, he lies down
at niffht in neace with the world, and his
own conscience, and the first, duty he per
forms in the mor hi rig is to return thanks to
the Giver of every good gift for the urirue
rited blessings he daily receives. I cheer
fully accord in the opifiiori,"that riches do
not add to-man?s happiness, nor does fatne
secure peace of mindT or an Undisturbed
breast. The wealthy, the pompous and
the proud, may glory in their wealth and
self-importance, but it is the humble man's
There can hardly be anv one among1
piiri-eaders who. is- not familiar with the
history of the removal of the jiublic money
from deposite in the' Bank of the United
States, "or of the . alleged grounds of .the
measure which has been productive of
consequences so detrimental to the People
and to the Government. The main allega
tion, we need hardly remind them, was
that the public money was not safe in that
bank,-andthat it would ie more safe in
banks selected by the Gtivernment, by
whom, also, the public business would be
transacted with even1 greater facility and
convenience than by that institution.
Upon this ostensible ground we have seen
that the Government has followed out c its
experiment, until it has landed usjust
where we are. The public, money has
been so well taken cart of , that the Gov
ernriient cannot touch a dollar of a Treas
ury balance of some fifteen millions of
dollars; and Congress, having been specially
called together for the purpose, at an ex
pense to the People of perhaps half, a
million of dollars, has been obliged to
authorize a Loan (by another name) often
millions of dollars, after dishonoring the
Uovernment obligations; to the States to
the amount of nine millions more; and has,
besides, by Jaw, given indulgence to the
delinquent banks which hold the public
money, to pay, by distant instalments, the
amount which they owe. -The circulating
medium, m the mean time, has detenora
ted, from being the best possible, and of
equal value with specie all over the world,
until we have, a medium which hag almost
no circulation at all, with which, for the
most part, you cannot pay a turnpike toll,
at tlie distance of one gate to another, from
the place of its issue; The very mendi
cant in the street of one town will not ac
cept as aims the paper issued and circu
lated -as money ia the town adjoining.
On this state oi things we shall not ex
patiate, having no desire here to exagger
ate the evil, or inflame the very natural
dissatisfaction of the Public with the au
thors of it.
Whilst, however, the Executive measures
have placed the public money in jeopardy,
and spread a degraded currency over a half-
ruined land, Time, which tells the truth of
all human speculations, has quietly ex-
all the grounds, pre-
upon which the late
President of the United States, and tlie
Cabal by which he was surrounded, un
dertook to tamper with the currency, and
to use and abuse the public money. The
Bank of United States, after refusing to
bend at the footstool of power, has not
gratified "the Government by breaking.
It has pursued the even tenor of its way,
Government, and
obligations, with as much punctu
ality as though the Go verument itself had
not broken faith with 1L
More recently, it may be recollected,
the same institution has been again vindic
tively assailed by the Government press,
upon allegations , of its unwillingness to
settle, on equitable terms, with the ' Gov
ernment for the amount of shares of its
capital, stock, belonging to the United
States. An agreement was finally actually
made, by which the bank agreed tQ pay,
and the'Treasury to receive, in four annual
instalments one hundred and fifteen dol
lars and fifty-eight cents for every .hundred
dollars pf the nearly seven millions of the
bank!s stock belonging to the Government;
thus securing to the Government a clear
-profit of more than.-fifteen. and a half per
cent, on the amount of its stock, in the
bank, in addition to the amount of profits
which it has annually received in the shape
of dividends, "
We come now to the point to which we
warrants,. ' received by the bank in the
eOUrse of its dealings, wus $1,145,150 16.
The balance of the instalment, amounting
to $522,459 71, was paid in specie; mak
ing, a total amount of two million one hun
dred and "seyenty; thousand nine hundred
and sixty-thfee dollars and ' seventy-seven
cents. . -. ' '
We confess our gratification at being able
to state these facts, so liqnorable to art in
stitution ' araiasf; which ' all ' the malice of
party and all the Ipower of the Government
have been directed -for the last five years.
In -the particulars pf : this transaction we
have a noble and 'eloquent reply to the cal
umniators of the bank, and a further con
firmation of the arguments of those who
have maintained tlie right against the wrong
in all this Controversy. We say the right
agairist the wrong, and we. say it confidently:
for whatever doubt may have heretofore
existed as to the risrht or the wrong side
the-report of the Secretary of the. Treasury
hkriselfi the- statement made by 4he gentle
man from Ne w York at the head of T the
Committee of ways and Means, (Mr. Cam
brelengi) or the more elaborate calcu
lations made by the gentleman from Vir
ginia, (Mr. Jones.) These results differ a
little but Hone of them make the deficiency
in the Treasury at the end of . the present
year to exceed seven millions of dollars.
' The report of the Secretary states that,
on the 1st of January, 1"837, there yas set
apart, of surplus money in the Treasury,
to be distribu tell "under: the deposite . law,
$37,468,859, including the $9,367,214;
which it is now proposed to recall, and
leaving still in" the Treasury , on the 1s t "of
January,. 18371 $6,670,137. This balance,
with the revenue already received and es
timated for the present year, makes ah
aggregate of $27,457319. The appropri-
ations lor tne same period, amount to sftiz,
,of the question of the utility and the value 733.884. Now suppose the Administra-
of a bank pf the United States, if is impos- tioh could expend the whole, of the jappfo
sible to resist the evidence of successive priations, which I believe perfectly impos
facts, such as those which we have stated, sible prodigal and extravagant as kno-w
With from .fifteen to" tvventy millions of them to be, I do not beiieve'it ean be done
money in the Treasury, it cannot be de -still, however, there would be a deficien
nied that the Government was obliged to cy in the revenue, at the end of the year,
invoke the aid of the proscribed bank to of only $5,276,5165. To tins add two
make a payment of only half a million of millions more for .'the. Florida war and tlie
dollars. Nor can it be denied that, after extra session Congress j and it., would make
the Government has by law recognised the the deficit $7,276,567. This is the -ex-the
inability of the vaunted deposite banks tent of the deficiency; and how,Uet me
to pay over a single dollar of the public ;ask, are we called on to supply it?
money in any funds which it can use for What means are we requried to place at
its purposes, the" Bank" of the United the desposition of the Administration ta
states pays in specie at a rate lar beyond meet
its par value, for the Government shares of
its tock, for which the bank originally re- for the benefit of the States, nd, iin the
ceived from the Government only a five next place, to authorize the Secretary: of
per cent, stock. Treasury to . issue , Treasury notes for
Comparing and estimating such facts as twelve millions of dollars, amounting, in all,
these, we are enabled at once to estimate to $21,367,214! This immense sunv is to
at their true value the gross misrepresenta- be placed at the disposal ol the AHmihis-
tions with which the public ear has been tration, to meet a deficiency of little more
so long abused, and the public opinion so than seven millions! Will the People sus-
far misled, in regard to the ment3 of that tain us in such prodigality?' Ought they
calumniated institution, the Bank of the Uni- J to do it? We have been called together at
ted States. -A rational Intelligencer.
it ? In the, first place, we 1 are to
. 1 - ..1 , . A.
give up uns tourtn instalment, set apart
HOUSE OF REPRESENTATIVES.
Tuesday, September 26, 1837.
prerogative to glory in humility, patience, propose to ask the readers attention.
resignation, and all the other graces which
.... ii .'11 1
exalt him aDove tne vain anuueiusive ou
jects of time and sense. ' ;;
T I 1 -N ! 1 t
iou nave, my uear uougiass, acted a
wise part in placing your affections upon
things above, and have placed such value
upon those below as God and Christ will
approve of. You know the rigid, pursue
it with fidelity to your life?s, end, and leave
ihe.wrong for- those who will not act the
right. Let the. fact behind el iby im
pressed upon your mind, that fame, wealth
and honors will ba ' losf arid forgotten in the
grave to which short sighted rhortals " are
fast hastening. Be ever nund ful of-tlie
station you occupy in! society, arid the in
fluence you wield amongotirr immediate
fellow, citizens. " Suffer' no imrriprat act to
tarnish that good name' wlichr you fliaye
inherited from piou9 parents whose" anxi
ous care Was to see you1 ('what I hope, you
are) a servant of Goid arid ah heir of Heaven.-
. . : - '- r'- ' :
Jkly faithful y7mc-eri,admohi6hes iwe
to bring this letter to a close, as the hour
of II is fast approaehing. i Jrobabiy you
may think so yourself, arid,to-gratify an
inclination, .'proucecl ,itt ;jdrowsiBesSv to
retire. to bed, wll) now, "drop, my pgn,.wish-
ous" and liappy life. . ;
- Your friend, unalterably,
SUMMERFIEIiT).
a period of unusual disaster; our constitu
ents are ground to the dust by the pressure
and embarrassment of the times; and' yet
we are about to aiipropriate of their money ,
and create a debt for them to pay, three
times as muck as is called for by the real
Debate on the bill to postpone the payment wants ot the government! 1 his gum is
to the States of the fourth instalment of double as much as is asked for by the
tlie Survlus Revenue. , Secretary of the Treasury. Liberal as he
is in his demands upon the Treasury, he
Mr. Rexcher. of North Carolina, said has not ventured to ask us for more than
he did not feel as the gentleman from Vir- ten millions. We have been but recently
ginia, (Mr. Mercer,) who had just taken rebuked from high places for grantiug
his seat, animated with the hope of being larger supplies than asked for by the. Ad
able to throw additional light upon the ministration; and shall we, m the very
subject now under consideration, - but he teeth of that rebuke, repeat the onenceT
could not forbear expressing briefly the , I have spoken, Mr. Chairman, of the bil
reasons which induced him to vote against Up0n your table, authorizing the Secretary
the bill. In doing so, (said Mr. K.) I will 0r tilft Treasurv to issue twelve millions of
not follow the example so repeatedly set Treasury notes, thereby creating a national
me, of wandering into the discussion of eut that amount. That bill will become
other matters, but shall 'confine myself a kw; Whether you postpone the fourth
strictly to the bill now before the commit- instalment or not, ive must create a national
tee. I am called upon to surrender up a debt to that amount ; and gentlemen who
large, amount of money set apart by , a have advocated the bill before you on the
former act of Congress for the use of the ground that, unless it pass, you must issue
People I represent. Before I can do so, I Treasury notes,-well know that we shall
must be thoroughly satisfied that it is be forced into the adoption of that measure
necessary for the wants of this Govern- at all events. And,. much as I deprecate a
ment; and satisfied of that, I should not national debt, and opposed as I am' to the
hesitate to do it, notwithstanding the de- nial-atlrninistratiori of-thbse .in power, I shall
posite law. That law was passed for the fa t jjue to ray country to provide ways
benefit of the States, and I do not concur an(j means to enable the Government to dis
with many of my friends that it created charge its just obligations to the People,
such a contract between tlie States and You are urged to reeall Upwards of nine
this Government as to make it legally mmions of dollars from' the States to meet a
binding on us to pay oyer tins money, or I deficiency in the revenue of something more
incur tlie charge of violated public faith. -1 tlian seven; and, as soon as you do so,you
But we all concur m;this; that the deposite yri be immediately told that this money
law ot 1836, authorizing tne oitriDuuon due the States is locked up m broken bantcs,
ot a large amount ot public money, created -mi rannntbe made available to the Uovern-
a reasonable expectation on the part of -the raentf and you must therefore pass the Trea
States tliat it Avould be done, unless we Surv note bill to meet the wants of the Gov-
were prevented by the necessary wants of eroment. Such has been the action in the
the Government. That necessity does not 1 0ther branch of the Legislature; and such
ernmcnf Ttf But this, -tor my xnind,-:consti-tutes
a strong, -argument against this bill.-
The whole amount may be' Htacle available
to the State's; No State in the' Union could
refuse-to take the notes-of its pwfi banks in
"payhieitt of its distributive share -of -the ;
fourth instalment. For myself, I would
scorn to ask any other paymaster thaii tho j
banks of my own State. VV hen tlie banK
of a State held more'upon deposite timHh
distributive sharo'of that State, those banks
could-pay that Excess to other States, whose
banks did not hold uponJeposite an amount
equal to ;thes- distributive share's f . those
States. In this way, the operation might
be made favorable to the, banks, the States,
and the Peoples It may be saiii that the
banks having arl excess would not" be -able
to pass this excess to a sister btate. Jntow,
then, let me ask, would they, bejable to pay
the whole amount to this i Government, de-
manded, as it would be, in specie,' if yoii
pass tliis bill ? If unable to pay a . part,
they would be les3 able to pay the whole ;
and if the whole were .demanded of tho
banks, what would , be its efieqts upon tho
People ? A sudden contraction byJ the banks
would be the inevitable consequence. They
would be cornpelled to call-in their debts ;
and, : instead of. relieving the People, for
which we have been -convoked,' we should
but augment their sufferings, and aid th their
bankruptcy and ruin. , - , ,
Mr. R. argued -at length in favor of-al-'
lowing the fourth instalmenl to be paid to,
the States by the deposite banks, -and of
au thorizing "the temporary issue of Treasury
notes for &e immediate relief of the Gov
ernment Why, (said Mr. R.,)-are we
called on to adopt any measure of relief at
this time? It is because you are compelled
to postpone the collection of custom-house
bonds till another year, and because tho
channels of revenue frbra the public domain
have been blocked up hy your specie cir
cular. If no more mad experimenrbe per
formed upon our currency, we may expect
better.times ; worse, tliey cannot be. . - Com
merce will again revive, and, the specie
circular repealed, the revenue from the pub
lic lands will again swell your Treasury.
To this may be added a large amount or
custom-bouse bonds postponed fc for collec
tion Ull the next year. The revenue;, there
fore, for tlie next year, must be" large, and
will enable tlie Administration, in a year or
two, at farthest, to pay off these Treasury
notes without recalling any. part of , the mo
ney distributed among the States. Ail thai
is wanting is the practice of more economy
in our expenditures, and I. trust we are pre
pared to do it. Let usuot preach -economy
to the People, while we practice prodigality
towards tlie Government. -
And now, Mr. Chairman, . I - hare
The first of the instalments, thus agreed
upon,. has just fallen due. The date of the
contract between the bank and the Govern
ment,' under which it was payable let it be
borne in mind, was long before the suspen
sion of specie payments, and tlie Bank of
the United States mightj if it chose, have
answered the demands of the Government
for performance of this contract in the same
manner as tlie deposite banks -did when
asked for the payment of the public money.
But did the bank act upon this principle?
Far from it. Long before this instalment
became due that is to say, five .-months
agothe bank being : called Upon: by the
Navy Department, to help it out of a dilem
ma by an advance of money on account of
this contract, promptly agreed to do so.
and did advance the money, to the amount
of half a million oj. dollars, .and placed it
where the Department had occasion for it;
asking arid receiving for this service only
the same interest on the jsum advanced as
the bank itsclf had agreed to pay upon its
contract -Jdebjt. to the G overnment,
It has'iustcome to bur - knowledge that
the remainder of the amount of the first
instalment, due by the bank' has been paid
'withm the wcelc before last, and in a man
nef so libnorsfble to the bank that it de
serves to be mentioned to its eredit. The
amount paid in. advance, as above, ' (includ
ing interest,) for the use of the- Navy De
partment, wa9 $510,353 90. The araoun
will be the action here.
And, now sir, let us inqnire what amount
of public money is asked for during: the first
year of President Van liuren's aoministra-
( tion. . 1 he-receipts into the l rcasury nave
been stated at $27,457,319. The bill; be
j fore you proposes to recall from the States
exist; and this bill is not to relieve this
Governments-hut to re-attach to it a large
arnonntcof surplus revenue, and to swell
again that patronage and power of which
it was deprived by the deposite law. It is
not die Government, but the party now in
power that cannot get along without the
political influence 01 tnis puunc money; upwirdg af nine millions of dollars; and
and I have been struck with the remarkable. Ltf. uni A ,m thoririntr
fact that those gentlemen who have shown the Secretary to create a public' debt," by
most . zeal ia favor of recalling the fourth isSue .0f . Treasury notes, for twelve
instalment were nngmally opposed to the miUiong morCt raaking an aggregate of $48,
deposite law. They were then unwilling 824;533 , These are stubborn facta, which
that me rederai uovernment snoum ue bo d ied; th(J veryfirst year 0f
ucl',iC U1 , u"a, "Tfir this Administration, professing exclusive at-
P"' a . --.-r 1 tn.inn'mt for the FeoPter We are asfced tor
o n l
i
deposite law, whieh has been so
i . ' rrn
under yarious pretences, to recan it. xne uwjM f fortv.eiffht millions of dollars
has been so muen A... . , .i,,, enm AToao
?alutarV measure
tne quality . 01 mejcy, .wnas. oiesseu 0011 Ig was charged with prodi
ohii uaH woa n mnct anliitnTV mnFlire; like I . - - . 1 s v T . r
salutary measure; ime ?MrrADAM3;Vwhen at the head of
, it has blessed both :rwolLrnolifi ' prndi-
the giver and receiver. Vhile it has cut - , expenditure
J . . - . , D - -J X. '
on irom this, upvernmeni mum 01 iw cor- -f -bUc money . uporr that charge was
runt and dangerous patronage, it has and , ?
will enable the States Tto scatter blessmgs
among their People.. Where, let me ask,
but for this deposite- law, would now be
the" whole amount of the surplus revenue
distributed under that law? Locked up in
your brokeri pet banks, and put down in
the Treasury report as unavailable funds.
Permit me now, Mr. Chairman, to call
your attention to a brief statement of the
financial condition of the Treasury. I will
riot trouble the committee with a detailed
statement m liinrre,. 1 am willing to tue
driven from office by those now in power ;
but! be it remembered that that Administra
tion durinsr its whole term of four years
expended but little more than the sunt asked
lor durmg the first year ortnis A'amraisira
tion. Is this the retrenchment and "reform
Dromised to the People ?
I know it will; bo said in reply"" to this
glatement, and said with truth, that raucn t
the money due the States tinder the fourth
instalment is deposited in fetate banKS hay
inr sus'Dended snoeie payment, and cannot
avau-'-Me to uub viov
itltercfov
word of two to . address to my Southern
friends on this subject. ; You arid I como
from a quarter of the. Union that has al
ways received a step-son's portion .of ;thi
Government. In the scramble, heretotore
carried on "for the public money, vihe, South -has
always stood aloof, because she be-'
leved many of the expenditures unaiithor- ?
ized by the Constitution. Under the 'de
posite law, however, we are. entitled to our
proportionable share of the surplus revenue.
and, for one, 1 tfm determined to hoiuifOja
to it. The bill, it is true, purports to be a
postponement of theVfourth instalment; but j
the gentleman from Maine, (Mr.' Smith,)
with his accustomed frankness, Us you
its friends intend it to be a. repeal,-Pass- "
that bill, and the fourth instalment is gone
from "you, and you will, never recover it.
The public Treasury may again Jeeomo
mil to overnowmg, nut no pan ot i wiu
ever be applied to return to th States this '!
equitable apportionment. - .. If will be
squandered as it has heretofore been squan
dered, in unequal, extravagant, and unau
thorized expenditures, upon; splendid edi
fices, new fortifications "uncalled for by tho
public service, light-houses, creeks,' harbors,
and exploring - expeditions. What, sir,
has been the history of this Government
for the last four or five years, - but one of
the most wanton , prodigality ? -The friends -"'
of the Administration are responsible, to
the country for these" extravagant ' and im- .
authorized uses of the public : money
They., have a .decided majority in1-both
branches 01 Jongress,.ana weref xnereiore,
able at all times to check this extragayice.
Look at die expedition Which they are nbw
fitting out at a great expense for the; pur
poses of explbration and scientific research.
At a time when the Government is5 said to
be banknlpt,: :and weare' called upon to
create a national debt to meet its wants,
and -while every" breeze which has hlown
for the last four months front 'the- North
and the South has brought complaints of
unexampled distress among the - People,;
this Administration has ; been spending
millions fblrnhe purposes of research and
discovery! The gentleman from Massa
chusetts, (Mr. Adams,) When at the' head
of the Government, in -his great zeal for
science and internal init6veitient,"ifii , his
annual message to Congress,' says:
tii Inviting the attention of Congress to
the subject pfinterllar improvement upon a
view thus entarged, it is not my ..design to
recommend the equipment of an expedition
for circumnavigating the globe forpurpo&ea
of scientific research and mqriiry. We haye
objects of more useful inquiry nearer home
' and to which our cares may e more bene-,
fici'uly .applied."