Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-12-17

tnctlon desirable, and so honorable to our nation
al character, should be object of earnest solicit
tude.
Never should free people if it be possible TO
avoid it expose themselves TO the necessity OF nav
ing to treat of the peace, the honor, or the safety OF
The Repubic with the Governments Of foreign cred
TORS. who however well disposed they may be to
cultivate tn us in general friendly relations, are
nevertheless, by The law of their own condition
made hostile 10 the success and permanency OF po-
litical institutions like ours. Most humiallng may
be the embarrassments consequent upon such con-
dit n. Another objection, scarcely less formidable
10 the commencement of new debt, Is lis inevita-
Bile tendency increase its magnitude, andto foster
national extravaganza. He has been an Improbable
observer of events who needs al this day to be ad-
monshed of the difficulties which Government,
babualIy dependent on loans TO sustain its ordinary
expenditures has 10 encounter in resisting the inf1u-
ences constantly exelted in favor Of additional loans;
BY capitalists, who enrich themselves by Govern
ment securities for amounts much exceeding the
money they actually ADVANCE prolhc source oil
ind vidual aggrand cement in all borrowing coun-
tries; by stockholders, who seek their cams IN the
rise and fall of public stocks and by he seIh[h
opportunities of applicants for appropriations Tor
WORKS avuwedy for the accommodation oi the pub
lie, but the real objects of which are, too frequently
the advancement Of private interests. The known
necessity which so many of the States will he under
10 impose taNes fo the payment Of the interest," on
their debts, furnishes additional and very cns'ht
reason why The Federal Government should reIfrn
fron, creating a national debt, by which the Peop't
would be exposed 10 double taxation Tor similar
object We possess within ourselves ample re-
sources io' every emergency and we may ne qnlee
sure that our citizens, in no future emergency, VIII
be unwilling TO supply the Government WIN all li'e
means asked for the defence Of the country. In
m nj ppac fbara NJ al
cation for the creation of Il permanent debt by ne
Federal Government lis limited range OF cohslllh-
tiona duties may certainly, under such crcums'an-
ces, be performed without such resort IL mas IL
is seen been avoided, during four years OF g'ea'cr
fiscal difficulties than have existed in smla PERIOD
since the adoption Of the Cons tuition, and one also
remarkable for the occurrence OF extraordinary
causes of expenditures
But 10 accomplish so desirable an object. two
things are indispensable first, that the action OF inc
Federal Government be kept within the boundaries
prescribed by lis founders; and, secondly, that all
appropriations for objects admitted to be consltt-
tiona and the expenditure Of them also be SUBJECT
ed to a standard o. rigid but well considered ana
Practical economy The FIST depends chiefly on me
Peop'e themselves the opinions they form oil Inc
true construction of the Constitution, and the conn
dence they rcpose in the political sen'ine l'5 Oh
those they select as their representatives. IN me 'gu
eral legislature the second rests upon Tie hd MY
with " oh their more immediate representatives,
and other public lunct onaries discharge the trusts
COMMITTED to them. ! he duty of economlzing the
expenses of the pu lie service Is admit on all
hands vel there few sublec's upon which there
exists ii wider difference of opinion than l. constant
" manifested in regard 10 the fidelity "rh winch
the duty is discharged. Neither diversity OF scnll-
m nj nor even mutual denominations, upon point
in respect TO which the pubic mind Is so justly SEN
sye can be enuey avoided; and least so at pef'odN
of great polit cal excitement An intelligent People
however seldom fail to arrive. IN the end al cnrTecs
conclusions in such Il matter Practical economy IN
the management Of public aflars can have no ad-
verse influence 10 contend with more powerful than
a large surplus revenue and The hsuh!y large
appropriations for 1881 may, without doubt lIde
pendenty OF the extraordinary acquisitions for The
pub c service growing ont %; the state oil our Indian
re laons b., in no mconsiderable degree, traced 10
This source. The sudden and rapid distr button Of
the large surplus then in the Treasury, 9nd the
equally sudden and unprecedenedly severe rerai-
sons in the commerce and business Of the country,
pointing with unerrmE certainty 10 "A great and POO
tracted reduct on Of The revenue, Strengthened tie
propri y of the EARL 81 practicable reduction OF The
public expenditures.
But, to Change a system operating upon so large "A
surface and applicable 10 such numerous and diver
sifed interests and oh jrc;s, was more than the work
of IA day. The attention Of every department o! the
Government was nmmediaielv and IN good faith,
din ected 10 that end and ha. been so continued to
The preseni.moment ! he est mates and apprnpria-
lion for the year less. Che first over which | had
any controi) We're somewhat diminished The ex-
pendlture of 1889 reduced six millions of d. /
lars = hose of lS4O, exclusive Of disbursements
for public debt and trust claims will probably rot
exceed twenty Two and half millions being be-
tween two and three millions less than these of the
preceding year, and nine or ten millions less than
those of 1887. Nor has II been found necessary,
in order produce this result To resort TO the power
conferred BY Congress, of poslponiGg certain cas
SEES of the public works. except by delerrmg expen.
diiures for short period upon limited portion of
them; and which pos'punement terminated sometime
since at the moment The Treasury Department, by
further receipts frum the indebted banks, became
fully assured Of lis ability 10 meet them without
prejudice to the public service in other respects
Causes in operation, which Wilt Is believed JUS
tify further reduction, without injury 70 any I'M
por:ant national interest The expenses Of sustain
ing the troops employed in Florida hive been grad
ualy and greatly reduced, through the perseyering
efforts of the War department; and reasonable
hope may be entertained that the necessity for mill
tary opeInt in that quarter viii soon cease. The
removal Of the Indians from within our sett ed Dor.
ders is nearly completed. The pension list, one of
the heaviest charges upon the Treasury, ia rapidly
diminishing by death The most costly of onr pub.
lie buildings either finished or nearly so and
we may, Think safely promise ourselves conlinu-
ed exemption from border difficulties.
The available balance in the Treasury on the lst
of January next, is estimated at one million and a
half OF dollars his sum with the expected receipts
from all sources during the next year, will, it is be-
ieyed, be sufficient to enable the Government TO
meet every engagement, and leave suitable balance
in the Treasury at the end of The year, if the reme-