Maumee City express. [volume] (Maumee City, Ohio) 1838-184?, 1840-01-25

u among 30 many n0wers.
e Love, lady, love.
E Gov. SEwARD's MEssAGR.-We do nt
: know when we have read public documer
that has given us more pleasure than we ez
perienced in reading the message ofthe ex
ecutve of the Empire State. The clear fu
and forcible views which it gives ofthe tru
policy to be pursued, so different from tn
garbed and ex-parte expositions that hav
heretofore been sent to the Legislature
and, above all, the temperate and digniier
language in which its suggestions are cloth
ed, presenting SO strong contrast to The
rant and denunciation in which the message!
of Gov. Marcy were clothed, stamp it a.
emphatically Wing ocument-honorabl
to its author and to the party that sup.
ported him. The message is long-very
long, and yet no one who reads, will wish
it shorter, and we regret its length, only
because it bars us from laying it before our
readers.
The revenue Of the state, arising from
Auction and Salt duties, amount to 414,765,
the amount received from the canals, inclu-
ding water rents &c., to $1,655,902, ma
king an increase of income from the canals,
over the last year of $165, ,2O9, and total
increase on the three above items of 1889,
855. The total income from the three sour
ces is $9,O7O,667.
Income of the School fund, a82,47s
of the Literature fund 48,OO9
of Bank fund 25,63a
Weregret that we cannot opy entire,
the Governors views in relation TO the cur
rency; not that they contain any new doc
trine, but that they express he views ad-
vocated be the Wing party in plain and
convincing manner, and set at rest, the
SANDER of the supporters of the present Ad-
mlnstration, who would fain make the
Wings the advocates of an irredeemable
currency. He says -
"a mixed currency composed of coin
and paper redeemable in coin, has unavoid-
ably resulted from the condition of our
country and our intercourse with foreign
nations. That such currency is far better
than one exclusively metallic is proved by
contrasting the general prosperity of the
countries in which it is employed with the
condition of those which use only the pre-
cious metals. But it is attended by the
disadvantage of liability to expansion be-
yond the legitimate wants of trade, and in
order to prevent such expansions as far as
possible and mitigate their evils, it must be
subjected to regulation. 1t is consequence
of the Independent action of the Legisla-
lures OF the several States, that the paper
money issued under their authority must, in
the absence of the adequate regulation, be
unequal in security and in convertibility--
and that the amount issued most often be
to the exigencies of trade.
Heretofore the Federal Government has
discharged the responsibility of such regu
latoD, but for some time past Congress has
made no provision for that important pur
pose, and the currency of the country has
been supplied by paper money issued under
the authority oftwenty- SIX different States,
in amounts limited by other wants thanthose
of trade, and regulated upon other consi-
derations than these which regard the gen.
era interests of the whole country"
A large part of the Message is occupied
with discussion of the policy of continu-
ing the public works. The Governor Is
decidedly in favor of continuing the work
upon them, at such rate, as that the in
terest on the loans for their construction
shall not exceed the income arising from
those that are productive. He clearly
proves the regency men to have been the
panic makers in regard to the public works,
having first led the State into extravagant
by under estimates, and then
etriven to create reaction by over esti-
mates upon the same works. lie proves
the State debt to be less than has been re-
and proves conclusively that no
danger can arise from gong on with the
work now commenced, SO long as prudence
is observed in its management.
1t is now twenty-three years since the
adoption of the roicy of Internal Improve
ment, within which time, nine canals con-
tanning in all 736 miles, and ten railroads,
in the aggregate 4oe miles, have
been completed and put in successlui.ope-
ration. The canals, with one exception
1.-THE Delaware and Hudson, 81 mlles) have
been undertaken and completed by the State,
and all the railroads, and the canal above
mentioned have been carried through by the
enterprise of incorporated companies.
The aggregate debt of the stOtc, after
the completion of the Genesee valley and
Black river canals, and the enlargement OF
the Erie canal, is estimated by Gov. Sew
ard at S4l,oOs,6 ,645. This, although a large |
sum cannot seem fordibabe, when the vast