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Editorial February 24, 1848

Evansville Weekly Journal

Evansville, Vanderburgh County, Indiana

What is this article about?

A Washington correspondent criticizes the Polk administration's enormous war expenditures, leading to a massive national debt, while refusing to increase revenue through tariffs, taxes on tea and coffee, or direct taxes, prioritizing party interests over fiscal responsibility.

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OCR Quality

95% Excellent

Full Text

The Government's Enormous Expenditures -Frightful Increase of the National Debt -Hopes of Paying It.—"Independent," the Washington correspondent of the Philadelphia North American, writes as follows in his letter of the 9th inst.:

We are now going on at a cost of fully seventy millions of dollars a year, against twenty-six millions of annual resources, which are diminishing daily, leaving a deficiency of forty-four millions.

When it is proposed to augment the revenue by increasing the duties on imports and by extending a fair protection to iron, coal, and other large domestic interests that are now severely suffering, the Administration answers, "the tariff of '46 shall not be touched."

When it is proposed to raise three millions from tea and coffee, the demagogues who brought on this war, skulk from the responsibility of supporting it, and vote it down, for fear of losing their seats.

When a direct tax of five millions is proposed, the President's organ denounces it furiously, fearing nothing but its dangerous effects upon the party. Now I ask honorable and honest men, is it right for us to saddle the vast debt of this Executive war on posterity? If it is popular and just, the people will pay for it as they did in the last contest with Great Britain. But it is evident the President and his party dare not submit to such a test. They will not provide a dollar of additional revenue, and now on the eve of going out of power, this Administration asks for scores of millions to carry it through its career regardless of cost or consequences. All they want is money to pursue their scheme of conquest, and in a shape through which their extravagance cannot be estimated until the concern is regularly wound up.

They resist any change in the tariff—they refuse to abandon the Sub-Treasury—they hold on to every party measure, and yet they have the audacity to demand treasury notes, to hide their iniquity and to carry them through the Presidential election.

What sub-type of article is it?

Economic Policy Taxation Partisan Politics

What keywords are associated?

Government Expenditures National Debt Tariff Of 46 War Funding Direct Tax Sub Treasury Presidential Election

What entities or persons were involved?

Administration President His Party Independent (Correspondent) Philadelphia North American

Editorial Details

Primary Topic

Criticism Of Administration's War Expenditures And Debt

Stance / Tone

Strongly Critical Of The Administration And Its Party

Key Figures

Administration President His Party Independent (Correspondent) Philadelphia North American

Key Arguments

Annual Costs Of Seventy Millions Exceed Resources Of Twenty Six Millions, Creating Forty Four Million Deficiency. Refusal To Increase Import Duties Or Protect Domestic Industries Like Iron And Coal. Rejection Of Taxes On Tea And Coffee Due To Political Fears. Opposition To Direct Tax Of Five Millions For Party Reasons. Saddling Posterity With War Debt Is Unjust Without Public Support. Demand For Treasury Notes To Fund Conquest Without Accountability. Resistance To Tariff Changes, Sub Treasury Abandonment, And Party Measures.

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