South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1834-12-13

sum there will not be required more
than five millions one hundred and for.
ty-one thousand nine hundred and sig
ty-four dollars, to accomplish the OBJ
Jects of all the current appropriations.
Thus it appears that after satisfying
oil those appropriations, and after dis.
charging the last item of our public
debt; which will be done on The first
Of January next, mere WIN ae9 sAs9s{YRe
sxpsadsaa 9. "a ao Sd; foar huodred and for.
ty thousand dollars. That such should
be the aspect Of out finances is highly
aatteriHg to the industry and enterprise
Of our population, and suspicious Of
the wealth and prosperity which await
the future cultivation Of their growing
resources. 1t is not deemed prudent,
however; to recommend any change
for the present 10 our impost rates, the
effect Of the gradual reduction now in
progress 10 many Of them, not being
sufficiently tested, to guide Us in dez
termining the precise amount ofrevenue
which they will produce:
Free from public debt, at peace with
all the World, and with no complicated
interests to consult in our intercourse
with foreign powers, the present may
be hailed as that epoch in our history
the most favourable for the settlement
Of those principles in our domestic poll
cy, which shall be best calculated to
give stability to our republic, and Sc
cure the blessings Of freedom to cur CHI.
zens. Among these principles, from
our past experience, it cannot be doubt.
ed, that simplicity in the character Of
the federal government, and rigid E.
conomy in its administration, shodld
be regarded as Fundamental and sacred.
All must be sensible that The existence
Of the PabIic debt, by rendering taxa.
ton necessary for its ex,inguishment,
has increased the difficulties which are
ins.pai able ft ON every exercise Of the
taxing power aud that it was, in this
respect, a remote agent in producing
those disturbing questions which grew
out OF the discussions relating to the ia
riff. lfsuch has been the tendency Of
a debt incurred in the acquisition and
maintenance Of our national rights and
liberties, the obligations Of which alt
portions of the union cheerfd!ly ac-
knowledged, il must be obvious. tbs.
whatever is calculated 10 increase the
burdens ofgovernmeht without neces.
sity, must be fatal to all our hopes d
preserving its true character.--While
we are facilitating ourselves, therefore,
upon the extinguishment OF the nation.
al debt, and the prosperous state Of our
finances. let Us not be tempted to de.
part from those sound maxims Of pub.
lie policy, which enjoin just adapta.
lion Of the revenue to the expenditures
that are consistent with rigid econo.
my, and an entire abstinence from all
topics Of legislation that are not clearly
within the constitutional powers Of the
government, and suggested by the wants
Of the country. Properly regarded,
under such policy, every diminution
Of the public burdens arising from taxa
ton, gives to individual enterprise iu~
creased power, AS furnishes to all the
members Of our happy confederacy,
new motives for patriotic affection and
support. But above all, its most i'm.
portant effect will be found in its influ.
ence upon the character Of the govern.
ment, by combining its ac.isn to those
objects which will be sure TO secure to
it the atiachment aud support Of our
fellow citizens.
Circumstances make il my duty to
call the attention of congress TO the
Bank Of the United States. Created
for the Convenience of the government,
that institution has become the scourge
ofthe people. Its interference to post.
pone the payment of portion of the
national debt, that it might retain the
public money appropriated for tina, pur.
pose, to strengthen il 10 political Coz
test-the extraordinary extension and
contraction of its accommodations to
the consmunily-its corrupt and parti-
san loans Its exclusion of the public
directors from knowledge of its mos,
important proceedings-the unlimited
authority conferred on the president
TO expend its funds in hiring writer's,
and procuring the execution Of printing,
and the use made Of that authority
the retention ofthe pension money and
books after the selection Of new agents
the groundIess claim to heavy dam.
ages, in consequence Of the protest Of
the bill drawn on the Frcnch govern
ment, have, through various channels,