The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1840-12-31

'shce Wna's a to impose taxes !, | A,
people to a greater amount than !, ua 4,
sually necessary to the public y. Wy
conducted upon the principle, if'es
stated. II .H ~ ' 4 aa
In lieu ola national debt, or 4. 4
ence upon banks Of any descr;o.s..P sa \
the management Of our fiscal sssia
recommend the adoption 81 ,hs B
which is now in successful ~. sysssl
That system affords every reou;s; ,s' J Il
ity for the transaction Of the aas iae
concerns of the government. MN N
confidently anticipated. produce a j. |.
respects many of the benefits which II w
from time to time been expected rsa ~
creation Of 4 national bank, bu, Will. Ja ! i
never been realized; to avoid Nv sl Wv
fold evils inseparable from such !, a !:
tuition; diminish, to greater ey,en ~ y |
could be accomplished BY any o,hs, 4, y. W
ure Of reform, the patronage of ,bs r ~
al governments wise policy in an y, y
ernments but more especially a. i. ~
like ours, which works well univ Y
portion as il is made 10 rely 70. is san "
upon the unbiased and unadultera,sS p ~
ion of its constituents; do away lo,spl
all dependence on corporate bodies, s;s &
in raising, collecting, safe.keepinx !, "a u !,
burseiug the public revenues; and DI,s,1
the government equally above the Iens
talon of fostering dangerous and un,,i
stitutional institution at home, or H. !.
cesslty of adapting its policy to The y,.,|
and interests of still more formid,p|
money power abroad.
It is by adopting and carrying ou,a.,
principles, under circumstances the ~
arduous and discouraging, that the a,len y
has been made, thus far successfullv. N
demonstrate to the people Of the UG,ll
States that a national bank at all lins
and national debt, except at DeSj|
when the honor and safety of the NAH,
demand the temporary sacrifice apd,,|
which should only be abandoned in mi
exigencies, are not merely unnecess,n
but in direct and deadly hostility tot|
principles Of their government, and NJ
their own permanent welfare.
The progress made in the developns|
of these principles, appears in the prss.
ing sketch of the past history Of the pre-,
ent state of the financial concerns Of b.
federal government. The facts there st.
ted fully authorize the assertion, that d
the purposes for which this goyerunss
was Instituted have been accomplish
during four years Of greater pecuniau
embarrassment than were ever before q.
perienced in time Of peace, and in as
face of opposition as formidable as any
that was ever before arrayed against Gs
policy of an administration; that this h,
been done when the ordinary revenues 4
the government were generally dscreaig
as we'll from the operation OF the laws, i
the condition Of the country: wiihou, d.
creation of permanent public debt q
mourning any liability, any other ihu
such as the ordinary resources Of the Gov
eminent will speedily discharge, adj
without the agency of a national bank,
If this view of the proceedings Of b.
government, for the period it embraces, |
warranted by the facts as they are know
to exist; if the army and navy have bes
sustained to the full extent authorized J
the law, and which congress deemed 50
ficient for the defense of the country an
the protection of its rights and its hon
if its civil and diplomatic service has be-
equally sustained; if ample provision h
been made for the administration Of JUST
and the execution ofthe laws, if the CLAN
upon public gratitude in behalf Of the $
diers of the revolution have been promp
met and faithfully discharged; if a
have been no failures in defraying
very large expenditures growing out
the long continued and salutary policy
peacefully removing the Indians to regie
of comparative safety and prosperity;
the public faith has at all times, and eve
where, been mostscrupulously maintain
by prompt discharge of the numerou
extended, and diversified claims on !
treasury; if all these great and permsns
objects, with many others that might
stated, have, for a series of years, man
by peculiar obstacles and difficulties, b
successfully accomplished without a
sort to a permanent debt, or the aid 9
national bank; have we not right TO
pect that a policy, the object Of VIII
was to sustain the public service indep'
IDENTIFY of either of these fruitful sourt
Of discord, will receive the fna! sancd
of people whose unbiased and fal
elected Judgment upon public affairs
never ultimately wrong !?
That endorsements in the pecnnla
concerns of individuals, Of unexampl
extent and duration, have recently exis'
in this as in other commercial nations,
undoubtedly true. TO suppose it nsce
airy now to trace these reverses 70 10
sources, would be reflection on the
telligence Of my fellow.citizens.-W,p
ever may have been the obscurity ia Wn
the subject was involved during the ca
er stages Of the revulsion, there can
now be. many by whom the whole qa
ton as not fully understood. as 81
Net deeming it within the constl'uu'
al power of the general government .
pair private losses, sustained BY reve'