The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1836-01-01
Presidents Message.

more haiterlng than at the present period
Since my last annual communication, all the
remains of the Public Debt have been redeemed or
money has been placed in deposite for this pur-
pose, whenever the creditors choose TO receive IT,
All the other pecuniary engagements OF the Co
vernmeut have been honorabIy and promptly full
filled, and there will be balance in the Treasury
at the close Of the present year. OF about nineteen
millions OF dollars. 1t is believed, that after meet.
ing all outstanding and unexpendcd appropra-
tons, there viii remain near eleven millions TO be
applied TO any new objects mich Congress may
designate, or TO the mere rapid execution Of the
works already in progress. In aid of these ob.
le,ts, and TO satisfy the current expenditures OF
the ensuing year, II Is estimated that there will
DC received, from various sources, twenty millions
more IN 1886.
Should Congress make new appropriations, in
CONFORMITY with the estimates which will be sub
mitcd from the proper departments, amounting
to about twenty tour millions, stu the available
surplus at the close Of the next year, alter deduct
ing al uncSpcndcd appropriations, viii probably
be not less than six millions. This sum can, 10
nv Judgment, be now u>eluY applied 10 proposed
improvements IN our Nayy lards, and to new
national works, when are not enumerated IN the
present estimates, or to tie more rapid completion
"a tint dllNoNt " hui = tA-it mum y N''tt'Nt-
tunonal aud useful and would rcnder unaeocssa.
~ any uttempt, IN our present peculiar culaluon,
to divide the surplus revenue, to reduce II any
faster than viii be effected b. the existing LAWS.
10 any event. as the annual repor, from thy Sec
rttary Of the Treasury Nil enter INTO details,
showing tie probability Of some decrease 10 the
revenue dutiug the neat seven years, and a very
considerable deduction ia lsi2, II Is not r,com-
mended that Congress should undertake 10 modl-
IL the present tariff, 10 disturb the principles
GA which Ia. compromise act was passed. Taxa.
ton on some OF the articles OF general cuHsump.
ton, which are not IN competition With our own
productions, may De-. 10 doubt, 50 diminished Is to
lcsscn 10 suule extent, the source Of thus revenue;
aud the same object can also Be assisted by Wcrc
liberal provisions tor the subject ol public dcicurc,
which, in the present state q. our prosperity ana
wealth, may be expected 10 cngagH Eour alien
ton. H. however, AFTER salts ta1 as tHt tnUaus
which can ars. from these source, tue yE. Np nl-
ed balance IN the lrtasut. Should st continue
to increase II would b, b tl.f 10 bear VItl toe Cy
until the great changes contemplated "a our lu.i.
laws have occurred, and shall enable g., 10 :u,,-o
tie system with that care aud ufcamsP.c.iHu
when are due 10 80 Gg4e4te and important
subject
Il is certainly our duty 10 diminish, rs far a. We
can, the burdens oi taxation, and 70 regard ~. iHg
restrictions hica a5e iupa-t i ca the trade aud
navigation Of our citizens as .tsss Which ay sh4il
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