Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1840-01-08

within the estimates, there Is every reason 81
to believe that all the outstanding Treas Il
ury notes can be redeemed, and the or n
binary expenses betrayed, without impos-
ing on the people any additional burden, v
either of loans or increased taxes. 4
To avoid this, and to keep the expendi- |
lures within reasonable bounds is a duty, Il
second only In importance to the preser- +
vatlon of our national character, and the d
protection of our citizens in their civil c
and political rights The creation. in
time of peace. of debt likely TO become ,
permanent, is an evil for which there is
no equivalent. The lapdny with which
many OF the States are apparently APP {
preaching to this condition, admonishes
US OF our own duties, in a manner too
impressive to be disregarded. One. not
the least important, is TO keep The Federal
Government always in a condition to dis
charge, with ease and vigor, its highest
functions, should their exercise be requir-
+ ed by any sudden coniuncture Of public |
! ahairS-a condition to which we are all |
ways exposed, and which NAV occur
? when it is least expected. To this end, |
it is indispensable that its finances should |
r as practicable, unincumbered. No cir
: cumstance could present greater obstacles
$ to the accomplishment! Of these vitality
$ important objects, than the creation of an
S onerous national debt. Our own expert
n ence, and also that of other nations, have
e demonstrated the unavoidable and fearful
! rapidity with which public debt is in
e creased, when the Government has once
surrendered itself to the ruinous practice
IS of supplying its supposed necessities by
a. new loans. The struggle, therefore, on
Or our part, to be successful, must be made
of at the threshold. To make our efforts
effective, severe economy is necessary
N This is the surest provision for the ma
IS tional welfare; and it is, at the same time
the best preservative of the principles on
re which our institutions rest. Simplicity
at and economy in the affairs of State have
BY never failed to chasten and invigorate
n Republican principles, while these have
In been as surely subverted by nationa
he prodigaity under whatever specious pre-
ID, texts it may have been introduced or fos
of tered.
nd These considerations cannot be lost up
to on a people who have never been nattent
nd i've to the effect of their policy upon tn
* institutions they have created for them
of selves; but at the present moment thel
force is augmented the necessity whic
ties decreasing revenue must impose. Tn
of check lately given to importation OF art
INST cles subject to duties, the arrangement
ex- the operations of internal trade, and espe
der cially the reduction gradually takin
ion place in our tariff of duties, all tend I
5 of lessen our receipts; indeed it is probab
ap- that the diminution resulting from IN
ere last cause alone, will not fall short of fl
iu- million of dollars in the year l642, ;
,m- the final reduction Of all duties to twent
sew. per cent. then takes effect The who
for revenue then accruing from the custom
ida, and from the sales of public lands, if n
,ood more, will undoubtedly be wanted to d
With fray the necessary expenses of the &C
exc eminent under the most prudent admin
rent tration of its affairs. These are circur
. in stances that impose the necessity of rig
res economy, and require its prompt and &C
,rez slant exercise. With the Legislature r
con- the power and duty of SO adj usting I
hich public expenditure as to promote this Ell
/ an By the provisions of the Constitution,
is only in consequence OF appropriate
re of made by law, that money can be dra
,oed, from the Treasury; 70 instance has
, The Cured since the establishment of the G
ca eminent, in which the Executive, thou
,pub- a component part of the Legislative p'
iivia. err, has interposed an objection to an
Con- preparation bill on the sole ground of
orary extravaganza. His duty in this res
quar- has been considered fulfilled by requ
Gov ing such appropriations only as the +
that lie service may be reasonably ex2ecte
stipu- require. La the present earnest direc
stood, of the public mind towards this sub
,sitioa both the Executive and the LegisIa
,tract- have evidence of the strict responsib
to which they will be held; and VIII
,yern- am conscious of nv own anxious eff
| am to perform with flelity this portion OF
The public functions, it is satisfaction tc
sasurv to be able to count on cordial COOP
IN de- ton from you.
to the At the time entered npon my pre-
IS, az duties, our ordinary disbursements; '
Ie nav out including those on account OF the
olding lie debt, the pos; Office, and the trust
nub!ic in charge of Inc Government; had
,ent Of largely increased by appropriations 70
cd TO removal of the Indians, for repe,ling
re cur an hostIlltIes, ana ior olher less urge"
ctually pences which grew out OF an overno
nent in Treasury Independent of the red
, scru- ton of the public debt and trusts
gross expenditures of seventeen and t
y notes cen millions 10 1884 ana 1000, ID
f 1887, these causes, swelled to twenty-hine
a view ions In 1886; and the appropriate
IN their 1887, made previously to the lou
anls in March, caused the expenditure 10
held by the very large amount OF tnlr'y