US Presidency
1845

The sound moral and honorable feeling of the people of the indebted states can not be questioned, and we are happy to perceive a settled disposition on their part, as their ability returns after a season of unexampled pecuniary embarrassment, to pay off all just demands and to acquiesce in any reasonable measures to accomplish that object. One of the difficulties which we have had to encounter in the practical administration of the government consists in the adjustment of our revenue laws and the levy of the taxes necessary for the support of government. In the general proposition that no more money shall be collected than the necessities of an economical administration shall require all parties seem to acquiesce. Nor does there seem to be any material difference of opinion as to the absence of right in the government to tax one section of country, or one class of citizens, or one occupation, for the mere profit of another.