Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-09-13

1t is not proposed to procure the requiyedamount
by loans or increased taxation. There are now
in the Treasury nine millions three hundred and
sixtyscven thousand two hundred and fourteen
dollars, dircctedby the act of the 23d of June,
1886, to be deposited with the States in October
next. This Sum, if so deposited, will be subject,
under the law, TO be recalled, If needed; to de-
fray existing approiations ; and as it is now evi-
dent that the whole, or the principal part of it,.
will be wanted for that purpose, it appears most
proper that the depoSite should be withhold. I'm
til the amount can be collected from the banks,
Treasury notes may be temporarily issued, to- be
gradually redeemed as it is received.
| am aware that this course maybe productive
of Inconvenience to many of the States. Rely
ing upon the acts of Congress which held out to
! them the strong probability; if not the certainty
of receiving this nstalment, they have in some
instances adopted measures with which It's reten
ton may seriously interfere. That sncf aeon
dition Of things should have occurred is much to
be regretted. 1t is not the least among the un-
fortunate results of the disasters 1.-THE times; and
it is for Congress. TO devise fit remedy, ifthsre
be onc.' The money being indispensable to the
wants of the Treasury, it is-dificult to conceive
upon what principle ofjustice or expediency its
! application to that object can be avoided. To
recall any portions ofthe SUMS already deposited
with the States, would be more inconyeuient, and
less efficient. To burden the country with. in.
creased taxation, when there is in fact largs
surplus revenue, wonld be unjust and unwise; to
raise money by loans under such circumstances
and thus to commence new national d bt,
would scarcely be sanctioned by the American
people. 49,. -. -.
Tho plan proposed will be adequate to all onr
! fiscal operations, during the remainder OF the
year Should It be adopted, the Treasury, aidedby
tho ample Of resources Of the country, will be.
able TO dis charge, punctually every pecuniary
obligation. For the future, all that is needed will
be that caution and forbearance in appropriations
which'thc diminu:ion Of the revenue requires,
and which the complete Accomplishment or
great forwardncss of many expensive national
undertakings reuders equally .consistent.with pru;
dence and patriotic iiberality:.
The preceding suggestions and reconnnenda.
tons are submitted, in the blief that their adop-
ton by Congress Will .enablc the Executive
Department to conduct our fiscal concerns with
success, SO far as their management has been
committed to it. Whilst the objects and the
means proposed to attain them are within itscon-
stitutional powers and. appropriate duties, they
will at the same time,-it is hoped, by their neces
sarv operation, afford essential aid in the trans
tsaction of individual concerns, and thus yield re
lief to the people at large'i in form adapted to
1.-THE nature of our Government. Those who look
to the action of this Government for specific AID
to the citizen, to relieve embarrassmcnts arising
from losses by revulsions in commerce and cred
it, lose sight Of the ends for which it was crea.
ted, and the powers with which it Is clothed.
1t was established to give security to US all, in our
lawful and honorable pursuits, under the lasting
safeguard Of republicans institutions. ltwas not
intended to confer special favors; on individuals,
or on any classes of them; to create system of
agriculture, manufactures, or trade or to engage
in them, either separately or in connection with
individual citizens or organized associations 7
If its operations were to be directed for the bene
fit Of any one class, equivalent fayors must, in
Justice, be extended to the rest ;ahd the attempt
70 bestow such favors with an equal hand, Or
even to select those who should most deserve
them, would never be successful Al commun- /
tiles are apt to look to GoYernment for too much
Even in our own country, where Its powers and
duties are SO strictly limited, we are prone to do
so, especially at periods Of sudd embarrasments
and distress But this oaght not to be. The franz
ers of our excellent Constitution, and the people
who approved it with Calm and sagacious deli
beration acted at the time on 4 sounder principle.
. They wisely judged that the less Goeramen In
tcrfres with private pursuits. the better for the
general prosperity It is not its legitimate object
to make men rich, or to repair, by direct grants
of money or legislation in favor of particular
pursuits losses not incurred in the public service
This would be Substantially to use the property
of some for the benefit Of others. But its .eal
duty-lhat duty, the pcrforuance ofwhich makes
"a good Government the most precious OF human
blcssings-is 10 enact and enforce systsm OF
general laws commensurate with, bat not eX-
ceeding the Objects of its establishment ;and'to
leave every citizen and every interest to reap. un-
der.its Benign protection, the rewards ot.virtue,
industry, and prudence.
l cannot doubt that on this,.as on all similar
occasions, the Federal Government will find its
agency most conducive to the security and hap-'E
piness of the people, when limited TO the exercise
Of its conceded powers. In never assuming, even
for well meant object, such powers as wero not
designed to- be conferred upon it, we shall IN real
ty do most for the general welfare To- avoid
every unnecessary interference with the pursuits
Of the citizen, will rcsut'in more benefit than TO
ADOPT measures which could only assist Limited
interests, and are eagerly, but perhaps turally
sought for, under the pressure OF temporary cir
cumstances. If, therefore, l refrain from sug
ges.ing to Congress any specific plan for rcgu'a.
ting the exchanges Of the country; relieving
mercantile embarrassments or!interfering with
the ordinary operations Of foreign or domestic
commerce !; it is from a conviction that such
measures are notwithn the constitional province
ofthe General Government and that their adop-
ton would not promote the real and permanent
welfare of those they nigh. be designed to aid.
The difiulties and disrosses ofthe times, though
unaue,tionaby great, are limited in their extent,
and cannot be considered as affecting thegper.
manent prosperity of the nation. Sprung in
great measure from the transactions of foreign
and domestic commerce, it is upon them they
have chiefly frllen. The great agricultural in
tercst has, in many parts of she country, sntfer-
ed comparatively little; and as if Providence,
ready to display the munifccnce of its goodness
at the moment Of greatest need, and ih.dirett
contrast 10 the folly displayed by the wayward-