THE DISTRIBUTION BILL.
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This bill, so obnoxious in lis principles, by which
money is taken from the Treasury and distributed
among the States, while tax is laid and deb


incurred to supply its pretended wants, is not Likely
to have the effect intended by the FederalIsts. By
the amendment of Mr.. Berrien, distribution is 10
cease whenever the wants of the Treasury shall
require duty of more than twenty per cent. ad-
valorem, upon any imported articles. The case
contemplated by the amendment exists now, and is
likely to continue for long time to come so the
bill is altogether imperative and the punder of the
public Treasury will not be carried into effect a.
greeably to the intentions of Federalism.


The following from the Money article in tie
New York Herald, of August 80, 1941, illustrates
this subject:


"There exists no manner of doubt that the pro-
iect of establishing National Bank has failed en-
tirely. The fate of the revenue bill is doubtful
1t is conceded on all sides that its passage at the
present is not necessary. The land bill has been
killed to all intents and purposes by the nrOduc-
ton Of the amendment rendering its operation void
whenever the wants of the Government shall re-
quire higher duty than 90 per cent. from the Gus
toms. This it is well known will be Immediately
required without the land revenues. We will il
lustrate this by figures, and for this purpose will
take the estimates of Mr.. Woodbury., for l84l
Estimated receipts, for 1S41, from GUS