Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-05-26

above estimated and further re-
source for any emergency may be
found in the sum Of :ntie million of
dollars, the loan of which to the,
United States has been authorised
by the state Of Pennsyiyania but
which has not yet been brought in
to effect. 80 & g.
This view Of eur finances, whilst
it shews that dne provision has been
made for the expences of the cur
rent year, shews at the same time,
by The limited amount OF the actual
revenue, and the dependence on loans,
the necessity providing more ade-
quateIy for the future suppliesof the
treasury. This can besti,e done by
a we'll digested system Of internal
revenue. in aid OF existing sources;
which will have the effect, both of
abridging the amount OF necessary
loans, and OH that account. as well
as by placing the public credit on
more satisfactory basis. of improv-
inc the terms OH which loans may
be obtained. The loan Of six
teen millions WAS not contracted
for ut u less interest than about
seven and a half per cent. /: and al
though other causes may have had
an agency, il cannot be doubted.
that with the advantage of more
extended and less pIrcariOus reve-
nue.. a !awer rate of interest might
have sutIiccd. A longer postpone
ment Of this advantage could not
fail to have still greater influence
on future loans.
In recommending 10 the National
Legislature this resort to additional
taxes, feel great satisfaction in the
assurance, that our constituents, who
have already displayed SO much
zeal and firmness in the cause OF
their country, will cheerfu!ly give
every other proof of their patriotism
which it calls for. Happily no peo-
pie, with local and transitory excep-
tons never to be wholly avoided. are
more able than the people OF the
United States, to spare for the pub
lie wants portion OF their private
means, whether regard be had to
the ordinary profits of industry or
the ordinary price of subsistence in
our country, compared with these in
any other. And in no ease could
stronger reasons be felt for yielding
the requisite contributions. BY ren'
dering the public resources certain.
and commensurate TO the public ext.
gencies. the constituted authorities
vii! be able to prosecute the war
mere rapidly TO its proper issue cv-
cry hostile hope founded GA cal
cuiated failure of our resources,
will be cut off /; and by adding TO
the evidence Of bravery and skill.
in eohbats on the. ocean and on tie
land, an alacrity in supplying the
treasure necessary to give their full
lest effect; and. thus demonstrating
TO The world the psb!icenergy which
our political institutions combine
with the personal liberty disfin-
gushing them, the best security
will be provided against future en-
terprises on the rights, or the peace
OF the nation.
The contest in which the United
States arc eng aged, appeals iorrs sup
port to every motive that can animate
all uncorruptsd and enlightened people
to the love Of country; to the pride OF
liberty; to an emulation of the glorious
Founders of their independence, BY .
successful vindication oil lis violated at
tributes; to the gratitude and sympa-
thy which demand security from the
most degrading wrongs, Of class OF cl'
tizens, who have proved themselves so
worthy the protection of their country,
by their heroic zeal in it: defence; and.
finally, to the sacred obligation OF trans
mi,ting entire, to future generations,
that precious patrimony OF national
rights and independence. which IS held
in trust by the present, from the good
ness of Divine Providence.
Being aware Of the Inconvenience TO
which protracted session at tbis sea-
son, would be liable, | limi. the present
communication to objects of primary I'M
por,ancc. In special messages when
may ensse, regard will be had to the
same consideration.
JAMES MADISON.
Washington, 4Nsg Is, 1873.