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Editorial
July 12, 1841
New York Tribune
New York, New York County, New York
What is this article about?
Editorial praises the Land Distribution Bill for its potential to prevent financial expansions and contractions like 1835-6, restore state credit, reduce state debts, and curb federal extravagance. Urges readers to familiarize themselves and distribute it widely, noting its near-certain passage after Jackson's 1830 veto.
OCR Quality
95%
Excellent
Full Text
We entreat every reader to make himself familiar with the provisions of the Land Distribution Bill, which appears on the last page of this paper. We regard this measure as of greater permanent, enduring value than any other of the Session. If it had become a law in 1830—as it would have done but for Gen. Jackson's Veto—it would have saved the country in great degree from the Expansion of 1835-6, and the years of Contraction, Distress and Ruin which have followed. It would have saved the Credit of the States from Prostration, as it will now contribute greatly to restore that Credit. It would have given to our own State several Millions beside the portion she received, diminishing by so much the amount of her Debt. It would have curbed the unbounded extravagance of the Federal Government during the last five or six years of the now discarded dynasty—But enough of vain regrets: Enough that the Land Bill is now almost certain to become a law, and that its provisions have been matured and improved by time and consideration. As we have not seen this bill in any Loco-Foco paper except the Journal of Commerce, we ask our friends to place it in the hands of the People. It must be generally approved.
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Land Distribution Bill
Economic Crisis
Jackson Veto
State Credit
Federal Extravagance
What entities or persons were involved?
Gen. Jackson
Federal Government
States
Loco Foco Paper
Journal Of Commerce
Editorial Details
Primary Topic
Support For The Land Distribution Bill
Stance / Tone
Strongly Supportive
Key Figures
Gen. Jackson
Federal Government
States
Loco Foco Paper
Journal Of Commerce
Key Arguments
Would Have Prevented Expansion Of 1835 6 And Subsequent Contraction, Distress And Ruin
Would Have Saved States' Credit From Prostration And Now Restore It
Would Have Given Our State Several Millions, Reducing Her Debt
Would Have Curbed Federal Government's Extravagance Under Previous Dynasty
Bill Is Now Almost Certain To Become Law, Improved By Time
Urge Distribution To The People For General Approval