Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-09-16

ne terms allowed are, TO the full extent as iibers
as any that are to be found in the practice of III
= Executive Department 1t remains for Congress
: to decide. whether further postponement ma
!, not with propriety be allowed, and if So their4
g'sIation upon the subject is respectfully asurv
: The report of the Secretary of !At,ts. the OK
, will exhibit the condition Of Indulgence; the
tent and effect Of the -Rffer extension on the
Probable result and every other fact neces-
'co VI 'iSTconsideration Of the subject. SIM
saiy HHofmation is communicated in regard to
nan depository of the public moneys as indcbt-
ed to the Government, in order that Congress may
also adopt the proper measures in regard to them.
! The receipts and expenditures for the first half
Of the year and estimate Of those for the resi-
due. will be laid before YOU by the Secretary of
the Treasury. In his report Of December last, it
was estimated, that the current receipts would
fall short of the expenditures by about three milk!
ions Of dollars. 1t will be seen that the differ
ence will be much greater. This is to be attri-
5uted not only TO the occurrence of greater pecu-
mary e:nbafrassnen:s in the business Of the coun-
try than those which were then predicted. and,
consequently a greater elimination III the re:e-
nue., bat also t. the fact, that the appropriations
exceed led, by nearly six millions, the amount
which asked for in the estimates then sub
initted. The necessary for the service OF
the year bvond the probable receipts, and the a.
mount which it was intended to be reserved in the
Treasury at the commencement OF the year. Will
be about FIX millions If the whole Of the reserv-
ed balance be not at once applied 10 the cIrrent
expenditures, but four millions still kept III the
Treasury, seems most expedient, for the uses
Of the mint and to meet contingencies the sum
needed will be ten millions.
1t Is not proposed to procure the required amount
by loans or increased taSation.-There are now
in the Treasury, nine millions three hundred and
sIyty-seven thousand two hundred and fourteen
dollars, directed by the act of the 23d of June.
Ho tod tbo St,Yo (fcfsr
next. This sum If 50 deposited, vii! be subject
under the law. 10 be recalled, if needed, to defray
existing appropriations; and as it is evident,
that the whole, the principal part Of il, will be
wanted for that purpose, it appears most proper
that the dcp0sitc should be withheld Until the
amount can be collected from the Banks, Treasury
notes may be temporarily issued, to be gradual
" redeemed as il is received.
am aware that this course may be productive
Of Inconvenience II many Of the States. Rely
Jag upon the acts of Congress which held ont 10
them the strong probability not the certainty
Of receiving this INSTRUMENT, they have in some
instances adopted measures with which its reten-
ton may seriously interfere. That such Il con j.
ton of things should have occurred is much - be
regretted. II is not the least among the uuf5-tt3-
nate results OF the disasters Of the times; AMI il
IL for Congress TO devise fit remedy. If there Re
one. The money being Indispensable - the wants
OF Che Treasury. II is difficult to conceive upon
what principle Of justice or exoeacacy is a;;p!i-
cation % tbat oil ct be avoided. To recall
any portions OF the sum already deposited wiih
the States, would be more inconycnicnt and less
efficient. To burden the country with increased
taxation, when there is in fact large surplus
enue, would be UNI tst and ,lnwisc; to raise mon
eys by loans under such circumstances. AMI
thus commence .,ess national debit w..
scarcely be sanctioned by the American pe..;5lc
The plan proposed vii! be adequate t. al our
fiscal operations. during the rcmai,:cr Of the
year. Should it be adopted, the Treasury. aid
ed by the ample resources of tie country, will be
able d1 5 M M rs sTsry pgssafY
be that caution and fccbearancc in appropriations
which the diminut.on of the revenue requires,
and which the complete accomplishment or great
fOrwardness Q. many expensive national undcrta-
kings renders equally consistent with prudence
and patriotic iibcraty.
The preceding Suggestions and recommended
TORS submitted in the belief that their adop-
ton by Congress, will enable the Executive De
partnent to conduct our fiscal concerns with
cess. far as their management has been commit
ted 10 it, Whilst the objects and the means pro-
posed to attain them are within its constitutions
al powers and appropriate duties, they will, at the
same time, ii is hoped, BY their necessary opera
tic:l, afford essential aid in the transaction Of in
&; idual concerns, ana thus yield relief TO the
people at large in form adapted t. the nature Of
the Government. Those who lock to the action
of this Government for specific all to tho citizen
10 relieve c:nD:ffaSSIl.3ItS aTiSPT from losses b..
rcvuisons in commerce and credit. loose sight Of
the ends for which it created, and the power
with :. hich il clothed. 1t was established to
give security to all, in our lawful and honora-
bic pursuits, under the lasting safegard of repub-
IAN institutions. 1t was not intended to confer
special favors individuals, or on any classes of
hem; to create systems of agriculture. manufac-
lures or trade; or to engage in them, either sep
lrately or in connection with individual citizens
" organized associations If its operations were
% be directed for the benefit of any one class e.
luivalent fivors must, IN j lstIce, be extended
o the rest; and the attempt TO bestow such
avors with an equal hand, or even to Sc
ect those who should most deserve them, would
lever be successful. All communities are ant TO
ook to Government for too mich. Even in our
WI country. where its powers and duties ars so
strictly limited, we prone to do SO, especially
( periods of sudden egaba rrassTnent end distress
slt this ough. not to be. The trainers of our ey-
client Constitution. and the people who approved
with calm and sacacious elaboration acted at
he time on soun1er principle They wisef7.
,iged int the less Government interfe-cs with
rivate pursuits the better for the general
t.. It's not is legitimate iect to mike men