Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-12-24

The sIute Of our Indian relations, be, III nc
incOnslerable drsree,'racc to this source
The sudden and rapid distribution OF The
large surplus then in the Treasury. and
The equally sudden and unprecedentcdly
severe revulsion in the commerce aud bu
sincss Of the country, pointing with uner-
ring certainty to Il great and protractcd re-
ductiOn 0IIhe revenue, strengthened tho
proprieIy Of The earliest practicable reduc-
tion OF The public expenditures.
But, To change Il system operating upon
so large surface, and applicable 10 such
numerous aud diversified Interests aud OBJ
Jccts, was more than the work Of a day.
The attention o. every department Of The
Government was Immediately, and in good
faith, directed To that cud and has been 50
continued to The present iuumrni. T"g
estimates and appropriations for the year
! 1858 (iie first over which hal conlro!,l
were somewhat diminished. The expen'
diurrs of 1889 were reduced six millions
of dollars. hose OF lolO, exclusive OF
disbursements tnr public debt and trust
claims will probably not exceed twenty
TWO and d half millions being between
TWO aud three millions less than lhose ol
The preceding year and nine or len mlIlons
less than tilusr of 1857. Nor has it been
found necessary, in order 10 produce this
result, ~ resort to The power conferred by
Congress, Of poslponins certain classes Of
The public works, except by defcrrng ex-
pcnditures for Il short period upon Il lini-
ted portion of them; aud which postpone
lnent terminated sDlne time since, at the
moment tho Treasury Department, by
further receipts from the Indebted banks,
became fully assured Of its ability to meet
them without prejudice to the public SER
vice in other respects. Causes are in upe-
ration which will, it is believed, justify
still further reduction, withou, injury tu
any important national interest. The ex-
penses Of sustaining The troops employed
in Flnrda have been gradually and great
y reduced. through The perseverins ollorIs
Of The War Department; and Il reasonable
h"pe may 1e entertained that the nccessi-
iy for military operations in that quarter
will snoI cease. The removal of the lu-
dians from within our settled borders is
nno-l,. ---,ri~,-u. Tuc peuSl0n list, one
of,he heaviest charges upon the Treasury.
is rapidly diminishing by death. The
most silly ofour public buildings arc either
flushed, or uearIyso, and welmay | think.
safcly promise ourselves Il continued cx-
cmption from border difficulties.
The available balance in the Treasury
on The lst of January next is estimated al
one million aud Il half of dollars. This
sum, with the expected receipts from all
sources during The next year, will it is be.
ieved, be sufficient to enable The Govern.
nlcnt tomect every engagement, aud leave
Il suitable balance in the Treasury at The
enh Of the year; if The remedial measures
connected with the customs and the public
lands, heretofore recommended, shall be
adopted, and the new appropriations by
Congress shall not carry the expenditures
beyond the Official estimates.
The new system established by Congress for
the saIelieGpng Of the public money. pro.cri
ihg the kind Of currency to be received for the
public revenue, aud providing additional guards
and securities against losses, has now been
several month, in operation. Although il |
might be premature, upon al experience o!
such limited DURATION 10 form deIiufe upin
ION in regard to the extent Of its Influences in
correcting rnany evils Under G;lic the fc,!-
rral Government aud the country have a!i;icr'
to suffered especially those that have grown
ONT oi banling expansions. a deprecated cur.
rency, and official deialcatiOiIs: vet it Is bIli
right to say, that nothing has occurred in the ,
practical operation of the system to weaken in
tic slightest degree, but much TO strengthen,
the confident antcpaions of its friends. The
grounds OF these have been heretofore so fully
explained as Ia require nu rccapitafOn. In
respect to the facility and convenience it al
lords IN conducting the public service, and the
ability ol the Government to discharge through |
its agency every duty attendant on the rolcc. |
ton, rahSler, and disbursement of t:r pu5c
money with pinmplIltlc uEd srcccss, [ can !
say, with confidence. that the apprehclsions |
Of those who felt it to be their duty TO ,puse |
It's adoption have proved TO be uunundetl. On
lhc Contrary, this branch 0l the fiscal affairs OF |
the Government has hceii, ind it i, bc ieved |
may always be, thus carried on with every de-
sirable faculty and security. a few changes
and improvements IN the details ui the system
without a;i'ctng any prlncipes involved in it,
will be submitted to you by the Secretary OF
the Treasury, and will. am sure, rereive Il.
your hands that attention to which they may,
",i examination, be l0und TO be entitled
nave deemed this brief summary OF our
fiscal affairs necessary 10 the due performance
Of duty specially enoned upon me by the
constitution. 1t will serve also to illustrate
mure fully the principles by Which have been
guided i'll rel rcn:e 10 two contested points in
our public policy, which were earliest III their
devGlnpemcnt, and have been more important
i'll their consequences than any hat nave arisen
under our comp icaed aid dli:ut, yei aLmi.
rabc sys en- Of government: alutlc To IL na-
tonal debI and Il national bank. 1t was in tha<e
that the political cunrests by winch the county
has been asit;l,cd ever since the adoption OF Inc
constitution, i'll great measure, originated
and there is ton much reason 10 apliclirhd
tilat the conflicting interests aid oppusiug prIn-
ciplcs thus marslial,cd, will continue Us here
lotore, To pruducc similar, if not aggravated
Consequences.
Coming into Office the declared enemy of
both, have earnestly endeuvured to prevent
u resurt to either.
The consideration that n large public deb;