



2l.os7,449O7
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For which the government was liable


IN o,her words for which the government


was iadc5tsd-when the Wings came into


power. And yet because they have merely


borrowed money 10 pay debts contracted By
the LOc0f0c0S. and have given Uncle Sans
notes for the amount so borrowed, they are
reproached with having increased the Ma
tional Debt. by the only party which in time
OF peace. has ever. in this country. created
National Debt at all AMI IL well deserves
TO be added. that IL Martin Van Buren,. on
assuming the duties of his office. had found
the treasury In the condition he left il. the
"pubIic debt" al The close OF his term would
have been upwards OF SIXTY FOUR
MILLIONS OF FDOLLARS-even if we
leave out Of view his unbound,d i,biiities
altogether. For BE- il remembered. he x
pended an average OF eight millions of dol
lars per annum beyond his ordinary reve-
nue.. making 80 millions Of dollars-that h.
found in the treasury. or received during his
four years. from sources other than the or
binary revenue upwards 25 millions more
-'and that he left coniessedly a bonded
debt. according to Register Smiths Report