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

,o,,.swn n, vaLiss,sd snl VR'delsIa'sd
lS0inl','s 81 lu constituents DO ewsf'
fsrsyer. m dsssndsnes nR e9FpoIaas o'''
Idis.. ether IN the Kissing eoilsfAas'
~. Lr~piar. Or disbursing The pAsi's
reysnu-s; snd place The 6osefansAs
\ equally above The temptation o. lasaeiia
d,ase,oo. and uneonsiilslioaai lnsllia-
lion Il hose or The necessity ri aaspsine
IA uOIiey % The We've and interests -
sili more lornidable money poser .
1 broad.
his b. .IOpsins and carrying oui shsss
nsineiplss, Bndsf Circumstances re tnoss
srduors and daesurssins. that me 2.
tempt has been made, inns isf success
llulls, % demonstrate 10 The people Of NE
Uri,ed STATES lhsI naliOnsl bank 81 81
! lines, and . nslionsl erbl. sxeeps y os
incurred 81 . period when The hoHos siao
salsly Of The nsli0n demand ihe seapors'
~ sscrlliee or policy. which should on
lIy Be abandoned in such exigeneses. are
not merely unnecessary. bal 10 dlieel ami
deadly hoslilly 10 ,he principles os ihs'f
government. aud 70 their own Permsnsns
welfare.
The progress made 10 The develop
meal af these positions. appears m TIE
preceding sketch Of The Pasl history snl
present. slate oil The financial concerns 81
he Federal Government. The facts
there stated fully saIh0rire lhe ascertain,
that all the purposes Tor which this 1o-
ternmenG vas Instituted have been &C.
eonplishsd during four years Of greater
peeuniary embarrassment lhsn ssIe ever
before experienced IN time OF peace. and
in the face u opposition 30 formidable -
any that Vas ever befaIe arrayed against
the policy Of N administration: ihai This
has bcen done when the ordinary rsse,
nuss Of The Government were generally
nssing. IS well iron. the operation 81
the laws. ~ the condition Of The country.
xilhouI the creation Of = permsneni pub.
lie debt. or incurring any liability, other
Than such - he ordinary resources Of The
Government will speedily discharge. and
without lhe sgency Of naliunal bank.
II lhis sles Of Ihe proceedings 81 ihs
Government, fr the period IL embraces,
be warranted BY the ises - they are
known 10 exist; il The army and navy
have been sustained 10 The full extent ~
ihorized by lsw. and which congrrs.
| deeDed sufficient for the defence Of lhs
eouniry and The proltc linn Of ne rights
and ia .hanor; II is eIsll aud diplomatic
service has been equally sustained; i
ample provision has been made for III,
j administration Of justice and The execu
lion Of ihe laws; Il The elaine upon pub
lIc gratitude 10 behalf Of The soldiers o
the Resolution have been Promptly me
and faithfully discharged; II iheie hs,,
been no failures IN drlraying The sery
large expenditures growing on, Of ihs
lOng.eonsinusd and ssIGtury policy Of &c
moving Toe Indians TO regions Of eompa
rs.''e safety and prosperity; il lhe publ,
IaIIh has al all times, and every where
eeeu most serupulously maint.Insd by I
prhnpt- h,schares 0f the numerous. En-
lendrd. and diversified claim. on III,
Treasury; IL oil these great and perma
nshi objects, snh many Others tia
might be stated, have. lOs . series o
yeats. marked BY peculiar obstacle. AM
difficulties. been successfully accomplish
ed without . resort To permanent debt
OF The aid Of . nslioaal bank; have ",
mol right ~ expect llsi . policy, Oh,
o6lee! OF which has been 10 sustain III,
public service independently Of either o
these fruitful sources Of dl,curJ. will rs
eeise 'he tinsl sanction VI a people who's,
unbiased aud fairly riicIl.d iudsmrn
upon pubic affairs 10 never uIumanl,
wrong.
That embrrsssment IN tie pecuuisry
concerns oi individuals, VI Unex.mplr1
extent and durallOn. have recently exist
ed IN his as III oiher commercial nations,
10 undoubtedly true. To suppose il ne
ees'ary nos u trace these IeseI..s 10
their sources would be rt iiec:iun on The
intelligence ol my fellow cillzen.. Whit
ever may haze been the obscurny IN
winch tile subject was Iuvolsed during
Tue earlier Stages Of the revulsion, there
cannot now be many by whom iLs whole
question Is not fully understood.
NO1 Geemlng u within Tie constitution
al power Of The general gavenrmeGi to re.
pair private losses susIsin.d By rrsersrs
IN business having no eonnexinn " i.h tie
public service, elsher by dnecI sppropri.
shons irum the Treasury, u. BY spsrlal
legislation design, 10 secure txclusi, {
privileges aud lnmuni,cs, 10 individuals
or Classes IN preference To. sad =, the rx
pense oi. The great IN ,jar,iy necessarily
drosrred from any Participation ~ them,
no attempt todo, SO has been either IN .tic,
recommended. or encouraged, by tie pre-
present Executive.
us believed, however. that the ercm
purposes Tor lhe attain men, Of whlci, The
Federal Gsvcmment was instituted, have
mol been lost sight Of. lnuu.lrd cnly
with Certain limried nou ers, cautiously
enutneFafHI tlIstinctl., ..n..cl - 4