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of eight and a half millions per annum, and did not particularize ny one branch of expenditure in which a considerable practical deduction could be made, (unless so far as it might take place in he pension liet, by the gradual decease of the pensioners,) - and when he proposed no new measure as a means of replenishing the exhausted Treasury, - the question for Congress and for the nation o consider was, whether this was a course safe to be pursued in elation to our fiscal concerns. Was it wise, provident, and statesmanlike?

There was another point in which (Mr. W. said) the honorable member from New York bad entirely misapprehended him. He Mr. Wright) had said that Mr. W. appeared to desire to avoid, is a critical and delicate subject, the question of the tariff; or, ather, bad complained that this Administration had not taken it p. Now, he (Mr. W.) had not said a word about the tariff, furher than to state that another great reduction was immediately approaching in the rate of duties, of which the Message took no notice whatever; while it did not fail to refer to two reductions which had heretofore taken place. What he (Mr. W.) had said on the subject of imposing new duties for revenue, bad reference olely to silks and wines. This had been a delicate point with him it no time. He bad, for a long period, been always desirous to lay uch a duty on silks and wines; and it did appear to him the trangest thing imaginable, - the strangest phase of the existing ystein of revenue, — that we should import so many millions of Hollars' worth of silks and wines entirely free of duty, at the very ime when the Government had been compelled, by temporary oans, to keep itself in constant debt for four years past. So far rom considering this as a matter of any delicacy, had the Senate he constitutional power of originating revenue bills, the very first hing he should move, in his place, would be to lay a tax on both hese articles of luxury.

Were Mr. W. to draw an inference from the speech of the honorable member, it would be that it rather seemed to be his own opinion, and certainly seemed also to be that of the President, that t would be wiser to withdraw the whole or a part of the money deposited with the States, than to lay taxes on silks and wines. In his opinion Mr. W. did not at all concur. If the question were between such a withdrawal and the imposition of such a tax, he should, without hesitation, say, lay the tax, and leave the money vith the States where it is. He was greatly mistaken if such a preference did not meet the public approbation. He was for taxing his enormous amount of twenty or thirty millions of foreign products imported in a single year, and all consumed in the country, and consumed, as articles of luxury, by the rich alone, and for leaving the deposits in possession of the States with whom chey had been placed.

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