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Editorial
March 26, 1839
Rutland Herald
Rutland, Rutland County, Vermont
What is this article about?
Editorial criticizes the Van Buren administration for failing to remit the Fourth Installment of Surplus Revenue due to depleted Treasury funds, allegedly misused by Sub-Treasurers to support the party. Mocks past boasts of surplus and current financial shortfalls.
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OCR Quality
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Full Text
The Fourth Installment.
Our readers will doubtless recollect, that at the first session of the late Congress, a law was passed deferring the deposits of the 4th Installment of the Surplus Revenue with the States, to the first of January last. It will also be remembered, that a bill was introduced at the last session to postpone indefinitely the remittance of said installment. But from the general state of confusion from the beginning to the end of the session the bill was not matured—and consequently the payment of said installment has arrived and remains to be remitted, 'out of any money in the Treasury not otherwise appropriated.' Hence the inquiry arises where is the money? The answer is at hand There is no money, -no surplus!-The Sub Treasurers have run away with it, or spent it in an endeavoring to sustain the administration and "the party!"
What a glorious administration this is! A few years since it was boasting that it had paid off the national debt and had so much money on hand it hardly knew what to do with it. Now the Treasury is millions in rear and can't even meet the necessary ordinary appropriations promptly. All hail Martin Van Buren! -
Six cheers for the "favorite son of New York!!"-Hurrah for "Economy and Reform!!"-Glory enough for one Administration!!
Our readers will doubtless recollect, that at the first session of the late Congress, a law was passed deferring the deposits of the 4th Installment of the Surplus Revenue with the States, to the first of January last. It will also be remembered, that a bill was introduced at the last session to postpone indefinitely the remittance of said installment. But from the general state of confusion from the beginning to the end of the session the bill was not matured—and consequently the payment of said installment has arrived and remains to be remitted, 'out of any money in the Treasury not otherwise appropriated.' Hence the inquiry arises where is the money? The answer is at hand There is no money, -no surplus!-The Sub Treasurers have run away with it, or spent it in an endeavoring to sustain the administration and "the party!"
What a glorious administration this is! A few years since it was boasting that it had paid off the national debt and had so much money on hand it hardly knew what to do with it. Now the Treasury is millions in rear and can't even meet the necessary ordinary appropriations promptly. All hail Martin Van Buren! -
Six cheers for the "favorite son of New York!!"-Hurrah for "Economy and Reform!!"-Glory enough for one Administration!!
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Surplus Revenue
Fourth Installment
Van Buren Administration
Sub Treasurers
Financial Mismanagement
Economy And Reform
National Debt
What entities or persons were involved?
Martin Van Buren
Sub Treasurers
Congress
Administration
The Party
Editorial Details
Primary Topic
Failure To Remit Fourth Installment Of Surplus Revenue Due To Treasury Depletion
Stance / Tone
Sarcastic Criticism Of Van Buren Administration's Financial Mismanagement
Key Figures
Martin Van Buren
Sub Treasurers
Congress
Administration
The Party
Key Arguments
Law Deferred 4th Installment Deposits To January 1st
Bill To Postpone Indefinitely Failed Due To Session Confusion
No Surplus Money Available For Remittance
Sub Treasurers Misused Funds To Sustain Administration And Party
Administration Previously Boasted Of Paying Off National Debt And Surplus
Treasury Now Millions In Arrears, Unable To Meet Ordinary Appropriations