Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1839-10-18

basis OF oil values. Although banking
facilities may AT times have been;perverted
and made TO eubservc the purpose of the
Spectator and monopolst, still swere they
materially lesscned, would theyhot DO La
Bile TO be controlled by fewer hands, and
consequently the danger 10 community be
greatly enhanced 1t will probably be
admitted. that, through tho assistance or
banking operations. all branches of industry
and improvement in our country have been
essentially promoted. and if so.the ,nconsis-
tency of genra donunciaton OF all banking
institutions must be clearly percepiible.
Wisdom would seem to dictate that we
adopt and incorporate to our system such
additional securities and guards as will ef.
fectunlly ensure the safety Of community,
and at the same time not defeat tho obec.
of i,s establishment. Many visionary pro
POSITIONS on this subject have been, aud
doubtless will continue tol5e submitted from
various motives which, though spccious in
theory. will be found. on examination,
imprncticabe and unsafe in their operataD.
While celebrating upon subject SO inti'
mately connected with the prosperity and
well being of the whole business trausnc'
tons Of the country, it behoves US carefully
to examine the whole subject, and to pro.
fit by the misfortunes and failures which
have resulted IN some ncighborlng States
from the adoption Of kindred propositions
aud 10 embrace my new and untried mea
surcs with caution corresponding 10
tho magnitude OF their interests TO DO ni
tecied
Sudden expansions and contractiUns il
the CURRENCY are evils ever TO be dcpre
Gated. They are usually induced by The
balance OF foreign trade being IN favor Of
or against us. These evils we must con
time subject TO so long as we remain depon
dent upon European workshops for sc
large q share Of The merchandise consumed
ia this country. We are udmonished by
this fact as well as by the deprivation anC
embarrassment we should experience r
case Of a war, of the necessity Of steadily
pursuing the wise policy of our ancestors
| which was, always TO sustain and protect
the manufacturing enterprise and mechani
| cal skill Of our own citizens. Though thi;
is duty more directly appertainng to the
general government, STILL an examination
of our legislative history shows that it has
been the constant aim of this state 10 en-.
courage, by every available means, those
branches Of domestic industry. Hence the
| Determinations between licenses for the
sale Of foreign and domestic manufactures
hence the bounlies and exemptions which
| from time to time, have been offered ant
provided, and hence the many acts Of in
corporations for manufacturing purposes
enabling number Of persons to associate
in the establishment md prosecution o
branches Of business requiring an amour
of capital beyond the means Of q single
individual, and involving degree of hnzart
which no one person would be wiling Il
encounter. To this policy we are mainly
indebted for the astonishing progress al
ready made towards supplying the country
with most of the necessafles and many o
the luxuries OF life.
If this policy be wrong, then were ou
predecessors wrong IF this be mistaken
course, then were our patriot fathers mis-
taken when resisting the efforts of the
mother country to keep VI dependent or
her manufactures Tis tFy Of monopoly
when applied TO enterprises Of this char
nctef, Ind no tarrors TO those pure patriots
II has been reserved for later age,--in'
tluenced perhsps by different motives, --tt
discover that they are subversive of indl
vldual rights and perious to public free
dom.
In 1887 our militia lava underwent ar
entire revision. Some Of their provisions
are deemed unnecessarily burdeHsome ant
without any corresponding advantage. A
careful examination Of The whole subject u
urged upon the Legislature as one Intima
teIy connected with the peace and security
Of the country.
The situation of the several companiel
of cavalry, as they existed under the oil
organization, was alluded to in my com
munca,ion to the Leg islature at the com
mencement Of the last session, to which
would respectfully refer you for my views
The committee, appointed in pursuance
of an act Of the General Assembly, to revise
the laws Of the State, have informed mi
that they are prepared to make Il repor
at the present session. The attention which
this committee must necessarily have be-
slowed, examining and revising the various
provisions of our statute, will doubtless
enable them to make such explanations AM
suggestions ns will materially aid you il
celebrating upon matter OF such vita
Importance.
The report of the Hon. Asa Aikons, WHIT
was appointed under joint resolution o
the General Assembly Of 1897, to asccrtail
whether this State has any claim upon the
United States for expenses incurred during
the revolutionary war, when received, vii
| he submitted 10 VOur consideration
In June last, George 3. Shaw, Esq
resigned the Office Of reporter of tho decis
ions of the Supreme Court; the vncancl
was supplied by the appointment, for thu
time being, of William Weston, Esq. o
Burlington.
In former communications to the Genera
Assembly, have spoken Of tho importanc.
of geological survey Of the State; m!
views remain unchanged. and l &oul'
beu leave to refer Won to documents here