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Domestic News
June 30, 1838
The Columbia Democrat
Bloomsburg, Columbia County, Pennsylvania
What is this article about?
Political rebuttal to Whig assertions that the National Government is bankrupt, citing Treasury resources totaling $43 million against $4.8 million in notes, yielding a $38 million surplus, blaming Whigs for unavailability of funds.
Clipping
OCR Quality
98%
Excellent
Full Text
The whigs have asserted over and over again, that the National Government was bankrupt, and would soon have to borrow money to keep its wheels in motion. To show what grounds they have for the assertion, and how much regard they have for the truth, we give the following statement of the resources of the Treasury as they now actually exist:
Amount deposited with the States $28,000,000
Due on Custom House bonds, &c. 15,000,000
$43,000,000
Amount of Treasury Notes in circulation, 4,800,307
Leaving an actual surplus, although unavailable, of $38,199,692
So much for whig veracity. It will be remembered, too, that these funds were placed in their present situation through their advocacy, and if they are unavailable, it is their fault, and not that of the democratic party.
Amount deposited with the States $28,000,000
Due on Custom House bonds, &c. 15,000,000
$43,000,000
Amount of Treasury Notes in circulation, 4,800,307
Leaving an actual surplus, although unavailable, of $38,199,692
So much for whig veracity. It will be remembered, too, that these funds were placed in their present situation through their advocacy, and if they are unavailable, it is their fault, and not that of the democratic party.
What sub-type of article is it?
Politics
Economic
What keywords are associated?
Whig Assertions
Treasury Resources
Government Surplus
National Finances
Democratic Rebuttal
Domestic News Details
Outcome
actual surplus of $38,199,692 in treasury funds, though unavailable; blamed on whig advocacy.
Event Details
Whigs repeatedly claimed the National Government was bankrupt and would need to borrow money; countered by statement of current Treasury resources showing $43,000,000 available against $4,800,307 in notes.