Circular Address of Abraham Rencher of North Carolina to His Constituents
Circular Address of Abraham Rencher of North Carolina to His Constituents
Abraham Rencher
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But, under this bill, no dis- tribution could take place, without repealing the proviso in the distribu- tion bill of the extra session. This was done under party drill; and we had the strange spectacle exhibited in a free country, of imposing heavy and unequal burdens upon the people, that they might make an unequal dis- tribution to that same people; giving the least portion to that section upon whom was imposed the heaviest burden. If ever there was a bill of abominations in this country, th...is was one; and I rejoice that we had a President sufficiently honest and independent to strangle it by the exer- cise of his constitutional veto. PUBLIC DEBT. Our public debt, l^'itlnn two years, has run up from less than ten mil- lions of dollars, to abo!^*- thirty millions; while our annual revenue, both from lands and import?? ^oes not equal our annual expenditures. We must, therefore, continut^ to increase our public debt. If we make dis- tribution, that public debt must continue to increase more rapidly— and that, too, in time of a pr(»found p^acS.
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