Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1833-12-14

10 the p00a1C eervoneo 49, follow ~
in the administration Of ~ Govern
ment, the rare blessing = pevenue
sufficiently abundant-F16sed without
Justice or oppression = sur citizens
and unincumbered nth any busdens
ut what they themselves skan think
proper to impose upon it.
The flourishing state Of the 6nances
ought not, however, to encourage %
to indulge in lavish expcnditn1e of
the public treasure. The receipls Of
the present year do not furnish the
test by which we are to estimate the
income Of the next. The changes
made IN our revenue system by the
acts Of Congress oflS32 and 1893, and
more especially by the former, have
swelled the receipts ofthe present year
far beyond the amount to be expected
IN future years upon the reduced tariff
Of duties. The shortened credits on
revenue bonds, and the cash duties OH
woollens which were introduced BY
the act Of 1892, and took effect on the
4th Of March last, have brought large
sums into the Treasury in 1888, which
according to the credits formerly given
would not have been payable until
1884, and would have formed a part
Of the income Of that year. These
causes would Of themselves produce a
great diminution Of the receipts in the
year 1884, as compared with the pre-
sent one; and they will be still more
diminished by the reduced rates ofdu-
ties which take place on thc'tirst ofJanu-
AIRY next, on some Of the most important
and productive articles. Upon the
best estimates that can be made, the
receipts Of the next year, with the aid
OF the unaPPropriated amount now ia
the ! reasury, will not be much more
than sufficient to meet the expenses
fthe year, and pay the small remnant
OF the national debt which yet remains
! cannot therefore re-
commend to you any alteration in the
present tariff Of duties. The rate As
now Fixed by law on the various arti.
Giles was adopted at the session Of Con
gress asa matter of compromise with
unusual unanim;.y, and unless it is
found to produce more than the neces
sites Of tine Government call for. there
would seen to be no reason at this
time to Justify IA change.
But " nile ] forbear to recommend
any further reduction ofthe duties l =,
You'd that already provided for by III
existing laws, ] must earnestly and re-
'pectfuily press upon Congress the i'm
portance Of abstaining from all appro
pr1atlons which are net absolutely re-
CURED for the public interest. and
by the powers clearly del.
gated to the United States. We are
beginning new era in our Govern
nent. The national debt, which has
. long been bur;hen on the Treasu
y, will be finally discharged in the
curse Of the ensuing year. No more
money will afterwards be needed than
What may be necessary TO meet The or
l!nary expenses of the Government.
Vow, then, is the proper moment e.
x our system Of expenditure on firm
nd durable principles; and l canno.
90 strongly urge the necessity Of a RI
I'd economy and an infIexible deter.
n'nation not to enlarge the income be-
ond the real necessities Of the Gov
rnmert, and not to increase the wan,s
the Government by unnecessar, e.
rofuse expenditures. If contrary
curse should be pursued, it may hap
+ q that the revenue Of 1894 will fall
hort OF the demands upon it; and after
educing the tariff IN order to tighten
ne burthe'.s of the people, and produ.
ing tor d still further reduction to
Ike effect hereafter, it would be much
be deplored il, at the end Of anotb.
r year, we should find ourselves obi.
ed to retrace our steps and impose
dditional taxes to meet unpecess,,v
Expenditures.
1t is my duty on this occasion to call
oar attention to the destruction of
uhi'c building occupied by the Trea-
'ry department. which happened
nee the last adjournment of Congress.
thorough inquiry into the cause. OF
us loss vas directed and made AT the
me, the result OF which will be duly
to you. ] take pie as
re, however, in stating here. that bv
.e iaudable exertions Of the officers
the Department and many of the
sizens Of the District, but few pa
rs were lost, and none that will ma
al Ix-