Daily Richmond Whig & public advertiser. [volume] (Richmond, Va.) 1833-1840, 1833-12-07

rieiea has already bsea made Cor ihs four ssa al
bali pr cent: sbevsmeasisssd. and shsrssd In ths
s.Psnsss 81 the present. ysss. The lsss ssstsd =
all that nov remains fths nsiisnsl tsh<i and tie
revenue oftho coming year. together vitn The BE-
lance nov in the Treasury, viii - sufhclsnt 10
discharge u. a0sr meeting tho current sxpsnses
2. The csvssalasst, UnSss The power given q ,ss
have no dnobi. b purchased on favorable terms
within the year. ., FL
From this REV Of tho state of the finances. aud
the public engags'nents yet to b fulfilled. you
will psresivs that. IL Prsvidsnes permits me 70
meet 700 a. another session, shall have the
high grssi6cation Of announcing to you that the
estionai dsbt y cxtiu guishsd. I cannot refrain
from cxprsssinR The pleasure feel At the near
approach OF that desirable evsnt.-Ths short Pc
riod Of time within which the public debt win have
been discharged. 10 strong evidence Of the abund-
ant resources Of the country. and Of the Prudsnce
end economy with whch The Government has
heretofore been administered. We have wagsd
two wars since We became ., natisn. with one OF
tho moot powerful kingdoms In tho world-both
Of them undertaken Ia defsncs Of our dearest
rights-bsth succsssfally Prosecuted and honor..
oily terminated-and many Of those who partook
IN the frat struggle well the second, will
have lived TO the last item OF the debt incurred
in these nsccssary but expensive conflicts, faithful.
~ and honestly dischargsd-and we shall have
the proud satisfaction of beque TO the pub
lie servants wh~follow in the ADMINISTRATION
of the Government, the rare blessing Of rcvs.
nue sufficiently abundsnt-raised without injus-
tice or oppression TO our citizons--and unincum.
bered with any buthens but what they thsmselves
shall think proper to impose upon il.
The fourishing state Of the finances ought not.
however, TO encourage ~ to indulge in lavish
expenditure Of the public treasure. The receipts
OF the present yssr do not furnish the test by
which we are W estimate the income Of the next
The changes made in our revenue system by the
RI of All 1870 -
Pecialy by the former, have swced the receipts Of
the present yoar far beyond the amount TO DO ex.
pccted in future years upon tho reduced tariff oi
duties Tho shortened credits of revenue bonds,
and the cash duties woollens, which were intro.
duced by the act OF 1872, and took effect on the
4th Of March last. have brought largo sums into
tho Treasury in 1888. which, according TO tho Gre
dts formerly given, would not have been payable
uat.l 1884. and would have formed part Of tho
income OF that year. These causes would Of
ceipts Ia the year 1884. compared it'll the PRE-
sent on; and they will be still moro diminished BY
the reduced rates Of duties which tako place on
the hrst Of January next, on some Oft most i'm
Portsnt and productive articles. Upon the best
estimates that can DO mado, the receipts OF the
next year With the aid Of the una appropriated
amount now in tho Treasury, will not be mucl
more than sufficient 10 meet the expenses Of the
year and pay the small remnant Of the nationa
debt which yet remains unsatisiicd. i cannot
therefore, recomneni 10 you any alteration in The
present tariff Of duties. The rate now fixed b,
law on the various articles was adopted at the lac
session Of Congress, as a matter Of compromise
with unusual unanInity; and unless Il 10 found Il
produce moro than the necessities of the Govern
rnent call for. thrre would seem to be reason a
this time 10 justify change.
But while I forbcar to recommend any further
reduction Of the duties. beyond that already pro
vided Tor BY the existing laws, must Earnestly
and respectfully press upon CenEToss the impor
sance OF abstainiug from all appropriations which
are not absolutely required for tho public interest
and authorized by the powers clearly delegated I,
the United States. We are beginning new err
In our Government. Tho national debt which ha
80 long been q burthon on the Treasury, will b,
finally discharged in the course Of the ensuin,
year. No more money will sfterwar DO needles
than what may be necessary 10 meet tho ordinar,
expenses Of the Government. Now, than, 10 sh'
proper moment TO hx our system Of cxpendtur4o b,
kfep and durabls principles; and I. cannot To-
|etronely os9s ho-neceuity Of 4 rigid economy
snd an in6cxibls dcternins tion NOT 70 enIrrtsth
incosns.b> ond shS rsatne>e ssfies Of the G04sr6
@ents ahd not to iset9 sss uhs wapts ,of the Go
ss :s. r. g .9S [G !; :. sIa;
~ i.sr.s ~ |sssssssS o Is ia 4; 1
sho krf d ordsf '(s he6s,,,fi rs .burtbsns 81; Il;
top!e, and providlpg lei s:Iil farther roduc,iol
to {aH eli ct tsre&l rit wsnld be nsoei 20 - AZ
Piled IT. AT the5nt s(the year, We should ~ on
selses obligcd <oteiIp>b our steps and ipp1se -
ditional taxes 70 ,neot uApscssstf = pspd itorss
D q, =. my daiE 3 ,sa55Ys,
ocsup'ed by the Treasury Departments. shloi
hspponed s4cs si,o laIt adjournment Of Conrrsss
A thorovgh inqnfyin the tkuses of<khis 10.
was directed and msdo 4 The time, tho result o
which will b duly comn'Hniossea 40 roe. - s&k.
pleasure, however. in stating, here. thsf-i'y N,
Isudibie exertiops Of the officers of tho Depart
n'cnt, aud many Of tho eiizens OF tho Dislrict bu
few papers were lost, ard mono that will natcrf>I
y affect tho public interest. -.
Tho public convenience rccoircs that another
building should be erected soon a. practicable;
and in providing for it, il will DO advisable 10 On.
large. IN some manner, the Accommodations 70,
the pablic officers Of tho several Depatfnonts and
to authorize tho erection Of suitable dcposilors,
for the safe keeping Of the public documents and
records. ~ 'If
Since the last adjournment OF Conrress. The Sc
cretary Of thu Treasury has directed the money q
the United States 10 be deposited in certain Stat,
Banks. designated by him, and ha will ifnm=di1to
" lay before you his reasons for this dUeclion-
concur with him entirely in tho view he has taken
Of the subject; and some months before the reno
val, urged upon the Department tho propriety oil
taking that step. The near approach or the da,
on which tho charter will expire, ss we'll o. the
conduct OF tho bank appeared TO mo 20 cal! fol
tho measure. upon the high considcratious Of pub
lie interest and public duty. Tho extent of II,
misconduct, however. slthough known TO be great
was not al that time fully developed BY proofF II
was not Until late In a.. month of Auras<. that
received from the Government directors an of1icia
report. establishing beyond question. that this gfos
and powerful institution had been actively engages
IN attempting to influence the elections Of tho pub
iic ef'icor. by means Of lie msney; end that. N
sios sion ofths express provisions OF lie charter, il
had. by formal resolution, placed lie funds NJ the
dispos lion Of It's President. 10 bs employed in sus
tanning tho political power Of tho Bank. A co
by OF this resolution V contained IN tho report o
tho ovcrninent Directors. before referred TO: end
langu age. no one doubt that this money was In
truth intended for eIcconeorinr purposes, end the
psrticnlar uses 10 which Il was proved TO have
been applied. abandspllY show that II was under.
stood. Not only was the evidence corppletr. % Ia
Tho past srPllea,Ion s',ne money ,ne so.., OF h'