The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1840-12-25
voLUME2. NUMBER SO.

system to weaken in the slightest de.
gree, but much 10 strengthen the conf
dent auhcipa,ions Of iIs friends. The
grounds Of these have been, heretofore
80 fully explained as to require no re-
cspitulation. ln respect 10 the facility
and convenience il affords in conducI-
thug the public service md The ability
Of the Government 10 discharge through
it's agency every duty attendant on the
collection, transfer, aud disbursement Of
the public money with prompiitude and
success, can say with confidence that
the apprehensions Of those who felt it
TO be their duty to oppose its adoption,
have proved TO be un(ounded. On the
contrary, this branch Of the fiscal affairs
Of the Government has be- n, and it is
believed may always be, thus carried on
with desirable facility and security. A
few changes and improvements in the
details Of the system, without affecting
any principles involved in il, will be
submitted to you by the Secretary Oflhe
Treasury, and will; | am sure, receive
i at your han that attention TO which
/ they may, on examination, be found 10
be entitled
, ! have deemed this brief summary Of
D our fiscal affairs necessary 10 the due
performance ola duty specially enjoined
7 upon me by the v0 -. Il win
: serve, also, to lid lrborn ts wagN 49,,
T principles by which yuuired Ued IN NH iHe'cJA
Q in relerenc 10 two cohy :
o public policy, which W. E,- &
s their develOpmS aud bave- ORINes
= important in 4 {YBsegquences'44 "a (.
Q any that have eur cong nd
Gated and dhficu .aSS Syo0
o tenn Of Goverume6Ss. all he vs,;ons
:, tional debt, and a Ms, of. j. Smnbs.
a was in these that l!Aly ,at All times he
Q by which the countrJ work ,ntrusted 70
o ever since:'he adoptiOi, Oi,nself i, will he
y ton, IN a great measure, oi.hionabIe.
and there is too much reason, lev. as he
j. hend that the conflicting interests en3
10 opposing principles thus marshallo,e
Is will continue as heretofore, TO produce
ol similar, If not aggravated consequences.
i Coming into Office the declared ehe-
i. my Of both, ! have earnestly endeavor-
q, cd TO prevent a resort to either.
n, The consideration that q large public
i debt affords an apol ogy, and produces,
3, 10 some degree, necessity also, for
c resorting TO system and extent Of
ol taxation which is not only oppressive
H. throughout. but likewise 30 APT TO lead,
OF 10 the end, to the commission Of that
lsi most odious Of all offsuces against the
ed principles Of Republican government
vo the prostitution Of political power, con-
he ferred for the general benefit, to the ag-
il grandlzement Of particular classes, and
as the qualification Of individual cupidiy-
o. is alone sufficient; independently Of the
er weighty objections which have already
ng been urged, to render it's creation and
X existenceIihe sources Of bitter and uE.
a appeasable discord. If we add to this;
of its inevitable tendency to produce and
MI foster extravagant expenditures of the
DO, public money, by which necessity is
e. created for new loans and new burdens
no on the people; and finally, il we rsfsrr
em to the examples Of every Government
ice which has exiated, for proof how sel-
ra- dom 1t is that The system when once a.
, a dop,ed and implanted in the policy Of a
10 country, has failed to expand itself, until
BEL. public credit was exhausted, and the
,ps people were no longer able to endure
al its increasing weight, il seems imposi-
er> Bile to resist the conclusion, that no ben
mt, fits resulting from its career, no exten
en- Of consequest, no occasion Of wealth L
OPP particular classes, nor any, nor all i'll
SO. combined advantages, can cOunterbal
lest ance its ultimate results - q splendi,
dly Government aud an impoverished peo'
silly pie.
sh II a National 3ankwaS as 10 undeniabl
nix, repudiated by the trainers Of the Con
ex- stitution as incompatible with the right
Of the States and tthe liberties Of tn
Jury people, if, from the beginning, i. ha
lred been regarded by large portions Of ou
ara. citizens as coming in direct collisio
ipts with that greatiand vital amendment {
ear, the Constitution, which declares, tn,
able all powers not conferred by that instru
Ige- ment on the Ge0eral Government ar
the reserved TO the States and to Ihe peopl,
the if it has been viewed by them az II
the first great step iE the march Of laIitud
fore marian cynstructi on, which if fnnCheekt
the would render that sacred instrument
shall as little value as an unwTitten ConstitI
the ton; dependent, as il would alone b
for its meaning, on the interested inte
Jon- pre!ation Of dominant party, and Q
lbliC fording no security 10 the rights Of Z
rem. rights Of the minority; If such is und'
nue.; niable the case, what rational groun'
! se> could have been conceived for anticip'
been ting aught but determined opposition
ough such an institution d The present day.
nari. | n N 1.n.-... -o.,,tt h.va hoan avnnct,