The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-12-24

captured and still greater numbers nave suTIen-
Tered, and have been transported TO join their
brethren on the lands elsewhere allotted to them
by the government-and strong hope is enter
tanned that, under the conduct OF tho gallant otil-
Ger ut the head of the troops in Florida, that trou-
blcsOme and expensive war is destined to speedy
termination. With oil the other Indian tribes, we
are enjoying the blessings Of peace. Our duty,
as well as our best interests, prompts us to OBJ
serve, in all our intercourse with them, fidelity IN
fulfilling our engagements, the practice Of strict
Justice, well the constant exercise OF acts OF
benevolence and kindness. These are the great
instruments of civilization, and through the use
of them alone can the untutored child of the To-
rest be induced TO listen TO its teachings.
The Secretary of State, on whom the acts oil
Congress have devoved the duty of directing the
proceedings for taking the sixth Census, or emu
meratiOn of the inhabitants OF the United States,
will report to the two Houses the progress OF tha'
work. The enumeration OF persons has beeh
completed, and exhibits grand total OF l7,U09,-
423; making an increase over the census OF lo3O
of 4,2O2,646 inhabitants, and showing gain IN
ratio exceeding 324 per cent for the last ten years
From the report of the Secretary of the Treas
urv YOU will be informed OF the condition OF the
finances. The balance in the Treasury on the LIST
Of January last, stated IN the report OF the Be-
cretary of the Treasury, submitted to Congress at
the extra session, was S987, 345 %. The receipts
into the Treasury during the first three quarters
of this year, from all sources, amount to S23,467
O52 So The estimated receipts for the fourth
quarter amount TO S6,943,095 25,amountng TO 3d.
4lO,l67 n; and making, with the balance in the
Treasury, the LIST of January last, $3l ,397,5l2
go The expenditures for the first three quarters
of this wear, amount TO S24734,346 &c.
The expenditures for the fourth quarter, es-
timated, will amount to S7,59O,724 10; thus ma
king total of S32, 025, $40 20; and leaving de-
felt to be provided for the LIST of January next,
of about S627, 557 60
In pursuance of pledge given to you in my
last message to Congress, which pledge urge as
an apolohy for adventurng to present YOU the de-
tails of any plan, the Secretary of the Treasury
will be ready to submit to you, should YOU require
it, plan OF finance which, while it throws around
! the public treasure reasonable guards tOE It's pro-
lection, and rests on powers acknowledged IN
| practice to exist from the origin of the govern
ment, will, at the same time, furnish to the coun-
| try a sound paper medium, and afford all reason
able facilities iorregulating the exchanges. When
| submitted, YOU will perceive in il IAN amenda-
tory of the existing laws in relation to the reasu-
ry Observation-Disclosures in all respects TO the
will of Congress directly, and the will of The peo-
pie indirectly self-sustanng, should IT be found
in practice to realize its promises IN theory, and
repeaable at the pleasure of Congress. Ii propo-
ses, by efectual restraints, and by invoking the
true spirit OF our Institutions, TO separate the purse
from the sword or, more properly to speak, denies
any other control to the President the agents
who may be selected TO carry it into execution
but what may be indispensably necessary To Sc
cure the fidelity of such agents; and, by wise re-
gulatIOns, keeps plainly apart from each other pr
vate and public funds. 1t contemplatcs the es
adjustment Of a Board of Control at the seat o
government, with agencies at prominent CONNER
ca points, or wherever else Congress shall direct
for the safe-keeping and disbursement of the pub
lac moneys, and a substitution, at the option of thu
public creditor, of treasury notes in lieu OF gol
| nd II IL,
amount not to exceed Sl5,0O0,OOO, without the ex
press sanctions of the legislative power. 1t ais
J authorizes the receipt OF individual depostes O
gold and silver to a limited amount, and the gran
ting certificates of deposite divided into such sum
as may be called for by the depositors. 1t pro
ceeds step further, and authorizes the purchas
h and sale of Domestic Bills and drafts, resting o
a real and substantial basis, payable at sight, O
i having but short time 10 run, and drawn on pla
d ces not less than one hundred miles apart-whic
|, authority, except in far as may be necessar
&c for government purposes exclusively, is only to
e eXerted upon the express condition that its eXcI
else shall not be prohibited by the State in whic
i the agency is situated.
70 In order to cover the expenses incident to tn
plan, it will be authorized to receive mOderat
l. premiums tor certificates issued on depOsites, an
bills bought and Sold and thus as far as its dea
IS mgs extend, to furnish facilities of commercial il
tercourse at the lowest rates, and to subduCt fro
re- the earnings of industry the least possible sum-
1t uses the State banks distance from the ageI
10 cies, as auxiarles, without imparting any powt
= to trade in its name. 1t is subject to such guarC
y and restraints as have appeared necessary. 1t
. the creature of law, and exists only at the ple
- sure of the legislature. 1t is made to rest on
!, actual specie basis, in order to redeem the not
= at the places Ot lssue-produces no dangerous n
: dundancy of OBSERVATION-DISCLOSURES no temptation
" speculatlon-Is attended by initiation of prices
:" is equable IN its operatlon-makes the TreasuI
k1,l,, II
OF depOsie, and the notes OF specie paying banks
- convertible at the place where collected, receiv
"a bic IN payment of government dues-and withol
violating any principle of the constitution affOrC
As the government and the people such facilities
ore called for by the wants of both. Such, it h,
Oh appeared to me, are its recommendations, and
Dh view OF them 1t will be submitted, whenever yO
III may require 1t, to your consideration.
=. am not able to perceive that any fair and cal
- did objection can be urged against the plan, II
- principal outlines of which have thus presente
u cannot doubt but that the notes which it prop
~ ses 10 turnlsh at the voluntary option of the pu
lie creditor, issued in lieu of the revenue and
"u celtIhcates OF depOsite, will be maintained at
'e' equality with gold and silver everywhere. The
a are redeemable in gold and silver on demand,
en- the places of issue; they are receivable ever
~ where IN payment of government dues; the tire
en- sury notes are limited to the amount of One-our
Its less than the estimated annual receipts of Il
treasury; and IN addition. they rest upon the tai
he OF the government for their redemption. II a
of these assurances are not sufficient to make the
D. available, then the idea, as it seems to me- of flu
iy nlshing sound paper medium of exchanges ma
be abandoned.
an II fear be INDUCED that the government ms
Ter be tempted TO into its issues, at al
es future day, 1t seems to me that such apprehe
SION can reasonably be entertained, until all CO
at hdence IN the Representatives of the States and
ne the people, as we'll as of the people themselve
rs snail be lost. The weightiest considerations
II policy REQUIRE that the retrants now proposed