The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-12-17

q sspublesn goseInmeRt--lhs PEos'ila-
hon a p0lileal POEsr. conferred lOE me
general benefit. 20 the sggrsndiEenens o.
particular classes. and The grsliicslian o.
lndisiend rupidiiy-is slans sufirieni.
independently of lhe nsighiy objections
saieh have already bern urged, 90 rem
der 10 creation and exislsnce the sources
OF bitter and nnsPpeasabls discard. II
xs add 70 lhis. lis inevitable tendency 10
prndues and foster eTisssgani expendi.
lures Of he public money. By which =
necessity 10 created Cor new l"sns and
new burdens on the psorlei and. finally.
lf xe refer 81 the examples Of every 60.
sernment which has existed. Tor proof
how seldom il is that the System. when
once adopted and implanted in The poll.
ey ef country, has failed 10 expand H.
self. until public credit was exhausted.
and The people we're no longer able 10
endure is increasing weight. il seems
impossible 10 resist Inc conclusion, thai
no brneEIs resulting from rs career. no
extent Of conquest, no Accession Of wealth
10 particular classes. nor any. nor al ils
combined advantages can connlerbslsnee
IL ultimate but certain Iesulls-a splrn-
did government, and IN Impoverished
people.
II = national bshk xss. % 10 undenia
bic. rspudiaIed BY The trainers Of The
constitution as Incompatible with the
rights Of the States aud The liberties oi
ihs people; i. from the bsglaning, j; has
bern regarded by large portions u our
citizens - coming in direct collision y iih
that great and silsl amendment Of the
constitution. which derlsIes that al p0w
ers no, eoalrIred By that Instrument on
the General GoseTnmeni are reserved 10
The States and 10 The people: II j, has been
viewed BY Them IS the FIRST great step IN
the march 81 latitudinous construction.
which unchecked. would render that
sacred instrument of as lHlle value 30 an
una r,,len constitution, drpeudrnI. Is u
would alane be, Ior lls mraaing, ON the
inisrts.ed Interpretation Of dominant
party. and sGorJlng no security 70 the
tights OF The miDrIis;--ii such 10 anaeni
.biy The case. what rational grounds could
have been conceived Cor anticipating
sugh. bu, determined Opposition 10 such
an institution >, The present da,i
C0nld different result have been sx
pectej. when the consequences winch
have flowed from i.s creation anil parli
euisrly from its struggles TO perpeluaie il.
existence, had confirmed. in 50 striking
smsnnef, tie approximations 81 i,s earliest
opponents; when % had bern 90 clearly
desnnnsEaIed Tia, concentrated money
poser, WELDING so vast . capital. and
combining such incalculsble means Of m
lpencr, may, in ihose peculiar conjune.
lures 10 which This Government 10 IN
ssoIdsbly exposed. prose an ovsr match
Tor The political poser of The people Them
selves; when the true character Of iis
i~-s---.sy .. Irguists, -~~-.i.--- - - - .,
aud Iis interests, and the interests Of lie
fsroEiles. the value and production Of The
labor aud properly Of etery man in this
extended country, had been 50 fully and
iesrlally developed; when IL was notorious
.ha. all classes Of this great community
had. BY means Of The power and influence
u thus possesses. been iniecied ID mad
ness with ssp,Til OF needless speculation;
~hea u had been seen thai. secure 20 tie
ssPpnrI ol the CON BIN alton Of influences
oy winch u was surrounded. IL could
violate IL charter, and sci The laws al
defiance vita impun,iy; and when. too.
u hsd oec"'ne most apparent that 10 beliere
Thai snsh an accumulation of powers can
ever be grant, q without the cer,siniy OF
being abused, Was To indulge in = fatal
delusIun!
10 avoid the necessity Of permanent
deo'' and hs inevitable consequences. I
have advocated, aud endes, osed To carry
into effect. the policy OF coafnlns the
appropriations fT the public service TO
such objects ouly as are clearly within he
constitutional authority Of the Federal
Iovesnmcn'; Of excluding from i,s ex-
Penses those Improvideni and uhsuihoriz.
ed grants of public money for works Of
internal improvement. which were 90
wisely arrested BY The constitutional
'n'efposIlion of my predecessor. aud
which. II they had nut been checked,
would long before this time have involved
the finances o! The General Government
I" e'nbsrrsssmcD,s Ear greater than those
which are now experienced OF any Of the
States; oI Inning all our expenditures 10
That simPIr. transformations, all scoaomi
cal administrator Of public affairs. ~hlcl.
i slone consistent With the character 81
our institutions; OF COLLECTING annually
ir"'n The customs. and the sales OF public
lands. revenue fully adequate 10 drlray
all the expenses thus incurred. but, under
no pretencs whatsoever, TO impose taxes
upon the peopls 10 q greater amount than
was actually necessary 10 the public
service. conducted upon the principles
nave stated.
In lieu Of national bank, or q de-
Pendencs upon banks Of any description.
Tor the management Of our fiscal affairs, |