Vermont Watchman And State Journal

The revenue—the surplus. Less than two years—yea, less than eight months ago—there was a surplus of thirty-seven millions in the treasury. By the faithful exertions of the Whigs, aided by some of the administration party, who on one occasion, at least, spurned the collar, the distribution bill was passed, and that munificent sum was distributed to the people. Vermont has received most of her share, and we venture to say that this alone has saved her from much distress which otherwise must have been suffered. We have been enabled to purchase our flour and get along until another harvest promises to supply our immediate wants. But how stands the treasury now? We answer, the receipts fall short of the expenses!—there can be no surplus for distribution. Let us look at this matter as it is:

and the excess of expenditures over the receipts in only six months is $4,115,265
To meet this excess, there was reserved by the distribution bill, the sum of $5,000,000
Deduct citizens in the first 6 mos., $4,115,265
and there is a balance of only $884,735
Should the account for July stand no better than in June, this balance will be entirely swallowed up; and a continuance until the first of January next, will find the nation not only without a surplus, but with a debt of five or six millions! This is the redemption of the pledges of the dominant party to reform and retrench expenses!—this the verification of J. Q. Adams's prediction, that the experiments of the administration would 'land the nation in bankruptcy!'