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The pretext for creating deficiency in the Ma tonal treasury, by giving away the public lands, is to assist the States, many of which alege that with out such assistance they cannot pay their interest," The principle of the distribution is; therefore, that "i the assumption of the debts. The one act follow the other inevitably and the nnindebtcd states will have |" pay the debts of the speculative ones. The old states lend themselves the dstrbution, uRder the impression that unless it is made tue new states will soon become so powerful as to take them away alto gether. ,~

 1t can be described, and necessarily proceeding iron the proposed measures of the new party as pro,nul gated in the official organ at Washington, ;,

 What effect this system may have on the welfare Q the country shall take occasion show hereafter.