Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-12-03

anu TOOK effect on the 4h of March last, have brought
iarse sums INTO the Treasury III 1885, which, according
to the credits formerly given would not have been nav
aoe uhtI 1854, and would have formed part of the
income Oh THAT year These causes would of themsclve.
produce great dmnution of the receipts in the ven,
1854, as compared with the present one, and they will
be sui more diminished by the reduced rates of duties
wch take place on the first of January next some
.'e most important and productive articles. Upon the
oes esnates that can be made the receipts of the
year. with the aid Of the unappropriaed amount now in
the treasury will not be much more than sufficient t.
meet the expenses of the year and pay the small rem
nant OF the national debt which yet remains unsatis.
neo cannot therefore, recommend to you any aera-
uo IN the present tariff of duties. The rate xed
by law on the various articles adopted the last ses
sion OF Congress matter of compromise with unusual
uhanmty, and unless it is found produce than
he necessities OF the Government call for, there would
seem TO be no reason at this time to Justify change
But, while forbear to recommend any further reduc
uon OF inc duties, beyond that already provided for BY
the existing laws, must earnestly and respectful,
press upon Congress the Importance of abstainng from
AL appropriations which are not absolutely required for
e public interests, and authorized by the powers clear
ly delegated to the United States We are beginning
new era in our Government. The national debt, which
has so long been burhen on the Treasury will be final
~ discharged IN the course Of the ensuing year. No
more money will afterwards be needed than what may
be necessary to meet the ordinary expenses of the Gov
eminent. Now then is the proper moment to fix our
system OF expenditure firm and durable principles
and cannot too strongly urge the necessity of rigid
econsmy, and an nlexble determination enlarge
the income beyond the real necessities the Government
and not to increase the wants of the Government by un
necessary and profuse expenditures If contrary
should be pursued, It may happen that the Of
1854 will fall short of the demands upon it: and after
ducng the tariff in order to tighten the burthens of the
people, and providing for still further reduction to
take effect hereafter, would be much to be deplored
H. at the end OF another year, should find ourselves
Obliged to retrace our steps and impose additional taxes
to meet unnecessary expenditures
1t is my duty, on this OCCASION to call your attention
to the destruction Of the public building occupied by the
Treasury Department. which happened since the last adj
ournmentof Congress Athoroughnqury into the causes
OF this loss directed and made the time the result
OF which will be duly communicated to you. take
Pleasure however, in stating here, that by the audabe
exertons OF the officers of the Department and many of
the citizens OF the District, but few papers were lost
and none that will materially affect the public interest
The public convenience requires that another building
should be erected praccable and providing
it, it will he advisable to enlarge, in some manner the
accommodations for the public officers of the several De-
partments, and to authorize the erection of suitable depo
STORIES for the safe keeping of the public documents and
records.
Since the last adjournment of Congress- the Secretary
OF the Treasury has directed the money Of the United
States to be deposited in certain State banks designated
by him. and he will Immediately lay before YOU his re
sons tor this direction. l concur with him entirely in
the view he has taken of the subect and some months
before the removal, urged upon the Department the
proPrety Of taking that step The approach of the
day on which the charter will EXPIRE as well as the con-
duct of the bank, appeared to call for this mca
sure upon the high considerations of public interest and
public duty The extent of its misconduct, however,
although known to be great was not at that time fully
developed by proof 1t notuntil late in the month
of August that received from the Government Drec.
tors official report establishing beyond question that
this great and powerful institution had been actively en-
Eaged attempting to influence the elections If haki'ai
of the express provisions of its charter, had by for
NAL resolution, placed its funds at the disposition OF hs
President to be employed in sustaining the political pow
er of the bank copy of this resolution contained
in the report of the Government Directors, before re-
errcd to and, however the ccs may be disguised by
cautious language, no doubt that this money was
in truth intended for elcctoneerng purposes, and the
particular uses TO which proved to have been a
picd abundantly show that it was so understood Not
only was the evidence complete, as to the past applca-
ton of the money and power of the bank, to eectonecr
ing purposes but that the resolution of the Board OF Dr.
rcc,ors authorized the same course TO be pursued IN
future.
1t being thus established by unquestonable proof that
the Bank of the United States converted into per-
manent eeconeerng eng it appeared to me that the
path of duty which the Executive d. parment OF the 60
vernment ought to PURSUE not doubtful AS by the
terms of the bank charter no officer but the secretary
of the Treasury could the deposites il seemed
to me that this authority ought to be at once eAeed 10
deprive that great corporation OF the support ana co
such exeron of its power In this point OF The case
the question is distinctly presented, whether the people
of the United States to govern through representa-
tives chosen by their unbiased suage or whether the
power and money Of great corporation are to be secret
~ exeted influence their judgment, and control Their
decisions. 1t must be determined whether The DahK
is to have its candidates for all offices in the country
from the highest to the lowest, or Thether candidates
on both sides of political questions shall be brouSh' ior
ward heretofore, and supported by the usual means
At this time the efforts Of the Bank to control Puolc
opinion through the drcsses Of some and The iears OF
Others equally apparent, and, it possible more oo
jectionabe. BY y curtament OF its accommodations
more rapid than any emergency requires, and even WINE
it retains specie to almost unprecedented amount III s
vaults, is attempting to produce great
in one portion of the community, whle through presses
known have been sustained by its money 1t atenp's'
| by unfounded alarms, to create panic in all.
These the means by which it seems 10 expect 'A'
it can force restoration of the depostes, and as
sary consequence extort from Congress renewal Oh US
charter. am happy to know that, through the gooa
sense of our people, the effort to get up pane has
hitherto failed, and that, through the increased accom-
modaons which the State Banks have been enabled 10
afford no public distress has followed the exerons OF
the Bank and be doubted that the exercise oil
its power and the expenditure of its money! as wen as
its efforts to spread groundcss ALARM will be met and re-
buked as they deserve. In my own sphere OF duty
should feel myself called by the facts disclosed to Or
der scre facas against the Bank with view 10 put all
end to the chartered rights it has so paPao V'oaed'