Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-10-18

Tue assistance Of banking operations, ALI
branches Of industry and Improvement, in
our country have been essentially promoted.
and II so, the inconsistency Of a general den.
uncia,ion ofall banking institutions must be
clearly percep,ible. Wisdom would seem
to dictate that we adopt and INCORPORATE in.
to our system such additional securi,;es mud
guards as will effeciually ensure the safety
OF community, and at the same time no, dc.
leat the object Of its establishment MANY
visionary propositions on this subject have
been, and doubtless will continue 10 be sub.
mi'ted. from various motives, which, though
speclous IN theory. will be found, on cxamin.
ation, imp.acticable and unsafe in their opcr.
alton, While celebrating upon subiec,
SO intimately connected with the prosperity
and well being OF the whole business Trans.
actions OF the country. il behoves us careful.
~ to examine the whole subject. and 10
profit by the misiortunes and failures which
nave resulted in some ncighboring States
from the adoption of kindred propositions !;
ana to embrace any new and uniried meas.
ures WIN caution corresponding to the
magnitude OF the interests 10 be affected.
sudden expansions and contractions in
me CURRENCY are evils ever TO be deprec.1
ted. They are usually induced BY the ,16|
ance Of foreign trade being in favor Of 81
against us. 10 these evils we must cont;n.
ne subjec, SO long as we remain deu1naen,
upon European workshops for so large
share OF the merchandise consumed In this
country. We are admonished by this fact
as well as by the deprivation and em5arrass.
ment we should experience in case Of a war,
oil the necessity Of steadily pursuing the
wise policy OF our ancestors, which was. al.
ways TO sustain and protect the manufactur.
ing enterprise and mechanical skill OF our
own citizens. Though this is duty more
directly apperlaining 20 the general govern.
ment. still, an examination OF our Legislative
history shows that il has been the constant
ai'n OF this state to encourage, by every
available means. those branches of domestic
industry. Hence the determinations be.
tween licenses for the sale Of foreign and
domestic manufactures hence the bounties
ana exemptions which. from time TO time,
have been offered and provided, and hence
the many acts oil incorporation for manufac-
turing purposes, enabling a number of per.
sons TO associate in the establishment and
prosecution Of branches of business reauir.
ing an amount OF capital beyond the means
OF single individual. and involving a de-
gree oil hazard which no one person would
encounter. To this policy we are mainly
indebted Tor the astonishing progress alrea.
dy made towards supplying the country
with most OF the necessares and many OF
the Injuries Of life
II this policy be wrong. then were our
predecessors wrong If this BE- mistaken
course, then were our patrior fathers mis,a-
ken when resisting the efforts OF the mother
country to keep us dependent on her manu-
factories. The cry OF monopoly, when %.
piled TO enterprises ofthis character, had no
terrors TO those pure patriots. II has bee
reserved for a later age,-inhuenced perhaps
by different motives,-io discover that they
are subyersive Of individual rights and per
ilous to public freedom.
In 1887 our militia laws underwent an
entire revision Some of their provisions are
deemed unnecessarily burdensome and with.
out any corresponding advantage. A care
ful examination ofthe whole subject is urged
upon the Legislature as one intimately con.
nected with the peace aud security Of the
country.
The situation ofthe several companies Of
cavalry. as they existed under the old orga.
nizaton, was alluded to in my communica.
ton TO the Legislature ut the commencement
Of the last session, TO which would respect.
fully refer you Tor my views.
The committee. APPOINTED in pursuance of
an act Of the General Assembly. to revise
the laws Of the State, have informed me that
they are prepared TO make "a report at the
present session. The attention which this
committee must necessarily have bestowed,
in examining and revising the various pro.
visions Of our statute, vii. doubtless enable
them TO make such explanations and sugges.
tons us will materially aid you 10 delibera-
ting upon matter OF such vital importance.
The report oftlie Hon. Asa Aikens. who
was appointed under joint resolution OF the
General Assembly OF 1887 TO ascertain
whether this State has any claim upon the
United States for expenses incurred during
the revolutionary war. when received. will
be submitted to your consideration.
In June last. George b. Shaw. ESQ. re-
signed The Office of reporter OF the decisions
Of the Supreme Coun the vacancy was sup.
piled by the appointment. for the time being,
Of William Weston Esq, of Burlington.
In former communications to the General
Assembly, have spoken OF the importance
Of IA geological survey ofthe State; my
views remain unchanged. and ! would
beg leave to refer you 10 documents hereto.
fore laid before the Legislature fol much val
liable information on this subject
A. number of communications from the