Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1840-12-23

affairs. which is alone consistent with the
character of our Institutions; OF collecting =
from the customs, and the sales
IF public lands, a revenue fully adequate !
10 dcfray all the expenses thus incurred,
but, under no pretence whatsoever, 10 I'M
pose taxes upon the people TO a greater
amount than was actually necessary to the
public service, conducted upon the princi-
pies [ have stated.
In lieu OF national bank, or depend
ence upon banks of any descriptions. for
the management of oul fiscal affairs. | rec
commend the adoption of the system
which is now in successful operation.-
That system affords every requisite facili-
Nv for The transaction of the pecuniary
concerns Of the government; will, il is
confidently alticipated, produce in other
respects many Of the benefits which have
been from liEpe Ia time.expetted from the
creation OF i national bank, but which
have Iieversbeen. realized; avoid the man
ifoid evils inseperable from snch an instl-
tuition; diminish, to greater extent than
could be accomplished by any other meas
ure Of reform, the patronage of the FEEDER
al Government; wise policy in ali gov
ern nents, bot more especially so IN one
like ours, which works we'll only in pro-
portion as ii is made to rely for It's sup
! port upon the unbiased and unauthorized
opinions Of lis constituents do away for
! ever all dependence on corporate bodies.
: either in raising, collecting, safe.keeping,
: or disbursng the public revenues and
5 place the government equally above the
: temptation of fostering dangerous and
: unconstitutional institution al home, or the
e necessity of adapting lis policy TO the
/ views aud interest Of sill more lormldd.
5 bic money power abroad. @=...
E 1t is by adopting and carrying out these
Y principles, under circumstances the mos
( arduous aud 'dlscouraging that the attsmp
!. has been made, thus far successfully, t
!. demonstrate to the people of the Utitet
g.. oe thu. . national baGk at all times
and a national DEB T.; except Il he incurred
" at period when the honor aud saie,y 9
i the nation demand the temporary sacrlflc'
= of policy which should onl y be aban
,r doned in such exigencies. are not merel!
n. unnecessary, but in direct and deadly hos
le tiliiy to the principles Of their Govern
ID meni and to their own permanent welfare
q, The progress made In the deVelopmen
10 Of these positions, appears IN the proceed
a. ing sketch of the past history and presen
ID state ofg;he financial concerns OF the Fed
ar,l Government Ire facts there state
ID fully authorize lhe assertion, that all tn
it's purposes for which this government wa
&c instituted have been accomplished 3nf'"
i'd four years of greater pecunlary emG2
lie. rassment than were ever before exper
IA enced in time Of prace,and in the face OF Of
o. position as formidable as any that was e
ats er before arsayed against the policy OF a
o. administration that this has been dor
en when the ordinary revenues of The Go
ms eminent were generally decreasing,
hat we'll from the operation Of the laws, as Il
sti- condition Of the country; without the or
no, alton OF a permanent public debt, lncu
en- ring any liability. other than such as Il
les ordinary resources of the Governme
led viii speedily discharge, AMI without !,
The agency Of national debt. ......
,h, If this view of the proceedings of t
in Government, for the period 1t embrace
ten be warranted by the facts as they a
one known to exist; if the army and ma
err have been sustained to the full extent a
,rd- thorized bv law, and which Congress b
mi deemed sufficient for the defence of {
lse, country and the protection of It's rights
zen lis honor: if its civic and diplomatic 81
ter vice has been equally sustained; if al
at pie provision has been made for The q
ADMINISTRATION of justice and the executi
ex- of the laws; If the claims upon pub
ave gratitude in behalf of the soldiers Of I
IrE Revolution have been promptly met a
isl faithfully disc harged; il there have be
an no failures in dcfraying the very large t
OPP penditures growing out ofthat long CT
lrly tinued and sautary policy OF peaceful
Iey- removing the Indians 10 regions of co
and paralive safety and prosperity; if the p'
of lie faith has at all times and everysWhe
inc been most scrupulously maintalned By
ma prompt discharge of the numerals,
for tended and diversified claims of the Ire
EN- ury; if these great and permanent
It's iects, with many others that might be 81
will cd, have, fora series of years, marked
its peculiar obstacles and difficulties, b'
The successfully acc 1mplshed without res
this TO permanent debt. or the aid OF natl
and al bank have we not right ID exep
ORR that policy. the object of which has b.
mu- to sustain the public service independt
in ly OF either of these frui, Col sources Of
] to cord will receive the final sanction o
e. people whose unbiased and fairly ellie
ure1 Judgment upon public afairs is never
in Il asateIy wrong?
il That embarrassments in the pecuni
avs concerns Of individuals, Of unexampled
too, tent ard Duration, nave recently e&istr'
be- this as IN other eomnefcial nations IS
gers donb.edlp true. 10 suppose II necess