State Journal

Van Buren paper.

THE SURPLUS REVENUE.

The immense accumulation of revenue in our National Treasury, begins to excite general alarm. And well it may. Even the Globe admits the existence of the danger—and when the Globe acknowledges it, it must be glaring indeed.

Money is the source of power. It is the sinew of even political war. With money men are controlled; and with men, nations. Gen. Jackson has always considered a surplus revenue dangerous. In his message of 1829, he says, "To avoid these evils, it appears to me that the most safe, just and federal disposition which could be made of the surplus revenue, would be its apportionment among the several States, according to their ratio of representation." This wise and patriotic purpose the New York faction has hitherto succeeded in defeating. Every attempt made to distribute the revenue has, under its malign influence, failed.

The public money being thus barred from the people, it has accumulated to an immense sum in the public coffers. The revenue, at the end of the year, has been estimated at seventy millions of dollars. The effect of grasping and hoarding the people's money, is to make money extremely scarce, and this effect will yet be severely felt. It has another tendency. As the Government demands payment in specie, it gathers all the gold and silver out of circulation, and forces the people to resort to rag money. So that the keepers of the surplus revenue are the real Rag Faction.

It robs the people of money which is not wanted for government purposes: and instead of returning to them their hard earned gains, or spending the public treasure for the public benefit, they hoard it up, like a miser, for purposes which they dare not avow.

This course gives incredible power to the government.—With seventy millions of money, foreign armies might be engaged that would overrun the country, and place a crown upon the head of him who held the purse strings. We do not say this would be done, but democracy is suspicious of all power that is not in the people.

But it is not only by a recourse to force that money can be made dangerous: it is tenfold more fearful when used for purposes of corruption. Seventy millions used, as the public money is now used, would be truly formidable.—But these seventy millions will be rapidly doubling and increasing until pecuniary power is secured altogether irresistible. Can Republicans regard, without alarm, the creation of such a power?

The New York faction are the real authors of the scheme of robbing the people of their money and amassing it, by countless millions, in the Treasury. They have two objects.

They now possess a much larger share of this revenue than belongs to them. Millions on Millions are deposited in New York, and used there, which, if an equal distribution took place, would be given to Pennsylvania. This state is a marked object of outrage and contumely; and the money that should be deposited in Pennsylvania is carried to the empire State. In short, NEW YORK HAS OUR SHARE AND HER OWN TOO: and she is determined to retain them.

The second object of the New York faction is to control the politics of the country through the surplus revenue, and particularly to control and break down Pennsylvania. This immense sum is loaned out to banks without interest; the banks are thus rendered subsidiary to the New York cabal: and, through the Banks, the press and the people are managed. This combination is a hundred fold more dangerous and corrupt, more guilty and ambitious, more calculated to increase improper speculation, and the circulation of rag money, than the old United States Bank itself.

We will hereafter present our readers with documentary evidence of such facts, connected with this subject, as cannot fail to alarm and fire every patriotic bosom in the Commonwealth. It is time for the good old fashioned Democracy of Pennsylvania to take their own affairs into their own hands. There's something rotten in the state of Denmark!