Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1841-06-11


nothingin the extension of our empire over our &C.
knowcdged possessions TO excite the alarm OF the
patriot for the safety of our institutions Inc iedcra-
tive system leaving to each state the care OF IT'S do
nestle concerns and devolving on the Federal Gov
eminent those of general import, admits in safely of
the greatest expansion, but, at the same time, deem
proper to add, that there will be found TO exist at all
times, an imperlous necessity for restraining all the
functonaries Of this government within the range of
their respective powers, thereby preserving just ba-
lance between the powers granted TO this government
and those reserved 10 the States and to the people.
From the report Of the Secretary Of Treasury, you
will perceive that the fiscal means present and accr,-
ing, are insufficient 10 supply the wants of the gov
crnlncnt for the current year. The balance in the
treasury on the 9TH day Of March last, not covered by
outstanding drafts, and exclusive of trust funds, is es
natcd AT $500 600. This includes the sum Of S2l5,-
600 deposited in the mint and its branches, TO procure
metal for coming and in progress OF coinage, and
winch could not lie withdrawn without Inconvenience;
thus leaving subject TO draft in the various deposto-
ries, the sum Of S6i5,0OO. Nv virtue of two several
acts OF Congress, the Secretary of the Treasury
authorised to issue, and after the 9TH day Of March
last, treasury notes TO the amount of S5,il3 90 ma
king an aggregate available fund of SG,05S,000 on
hand.
But this fund was charscahe with outstanding
Treasury notes redcemalc IN the current year and
interest thereon to the estimated amount Of S5,2S0,-
OOU There Is also thrown upon the treasury the pay
ment oi large amount of demands accrued in whole
or IN part in former years which will ey haust the
available means OF the Treasury and leave the
ng revenue, reduced as it is in amount, blrhcned with
delhi and charged with The currrni ,ynrp.cs oc Tho
government. The aggregate amount OF outstanding
appropriations on the Ih dav Of March last was
S33 II9 GIG So of which SlI2OOOO will lie reIurcd
during the current year and there will also lie rcqu
rcd for the use of the War department additional ap-
propria ions 10 the amount Of S2,5ll,3 9S the spc
cal o. ccts of which will he seen " reference 10 the
Rcltr OF the Secretary of War.
The antlcpa,,rl mean, of the Treasury are greatly
inadequate to this demand The receipts from custom
for the last three quarters Of the last year, and the
nj t,..l
000-thc receipts for lands for the same time TO 50
| 7i2, i5O--showmg an average revenue from both
sources Of >, 236, so per month. gradual cxpan-
sion of trade GROWING ont of a restoration of conf
dcncc, ,ogc her with reduction in the cxpcn,c, OF
collecting, and Il runc,ualny on the part Of The collcc-
| ting officers, may cau>c an addition ia ,l, monthly
receipts from the c,>,om>. They are estimated for
Tue residue ct the year from the ih day o! March al
,v,IS ron s . .e dnn c In ior inc
crlanro', ,or, n, sI7o 0no"matin., ~ ','
gate Of availaiIo fund wrhin the YEAR Of SLIGO.
000-which will leave probable JcGci, Of 81 100
l32 Us. 10 meet this, some temporary provision is
E' , ane , a"' '. ne n.I"r' "i ny tn,
no di,an, Jav' N''N '''''e' ~ az '''c Ut
There wilt fall due within the mex, three month";,
Treasury notes of the issues of 1910, mcmllnr inter-
est, about S2,S3O,oco. There /. char"cahlc in thu
SANE period Tor arrtala2c> TOR taking the sixth census
rrnn, ucr,,i, ~, ' on go ,oo Mo ior ,iI'
grrgo,o demands mon The Treasury nrior ~ IN, l..
Of September mex, alon, sll,3i0,OO0.
The ways ana means IN the Treasury, and c>ima-
r TO- ar' scn w nnn r"pVe nfd PERIOD GonNl,
imn,n ,,n',eJ ,,n' c I',r VI" w.. Io W.
i zrl lac ,L, NET Of tslI nr,.,,,;n,r f., 81 o. nno I
estimated recent. from MI ,ourrc, of 81 Soo G0o mn
king an ,l,-rrlnic Of nlnn, sG IN oo0 al 'n'
nroI al Ia ,l6,.; an ,L,. ~ 81, >;,,,,,,i ~ - q
SI5OOO W.
| In order 10 supplv tbc wants # ,bo r,o,,rr,,o,,
an in,rllio,n, constituency IN y;rv r. ,L;, i i;
,ercs, viii without hesitation ,,,m,, -, nj r -.
| nv burdens Blu, il /. nrycr,becs. imnor,,m, .n :,
| ,n,o :. ,h', -, 81, ,,,,;i i, t,,,' "i'or"'' ~ 1t
lion. al IN, ,n,n,rv ,,rn,,.;nr mn, 1, 80; I '
The ,r nf 81 al Mach IS,2 c,,,,,,tI. III, ~ W
comrrnmi.r oc, .Lm,ll ms, IT, ot,,,rI ",n ' ~,
urycn, necessities. which are NOT Iricv,1 n, H. ,,'
,oexis, '~ W. Ut ''"' "''''
| Ono re,r o,,,, ,o,,,;,,, D., o,,,., A.
;.r J,;' :1 oo'iPI'e NV ee-
iGe VI ic'"c''ons PROVIDED lor IN that law, al
"hIch tl'nc provisions made by the same law,
and which Will then be brought actively i'm aid
| of the manufacturing interests of tho Tn;op
! will MT f,il n n,,1ncn ~ ,,.., $500
.,,i,, " pe. r'e 'Io.' oeaci'o' ai IT,
$50, $3.50 g.. . a. :. s.e". VI discriminating uut'es
imposed Tor the purposes of revenue, in uRison
with the provisions of existing laws, il is TO be
hoped that our policy will, in thu futuro ho
| fyol and ncrn,aunrt So ,s :. or,iJ ,L., ,
| .,,,, a. ,.ir,a,; l;I - 70 ",I'N "os- .0n
.,"'i' "ue'u'''c''e "i,Gn ueeut lne very op)ectS
thev nave W 'leW' we snail thus best main
| tam position which, while it will enable Us the
more readily to nee, the advances of other coun.
1 IN n,r 1,, anal
,rorco vii -, ,Lo aa ,;,. vi .'o anu VIII.
,'cice' VIII DIT inc same Time leave IN our own
.','us 'iic '.cd"S y. Ie'aia'hg WIN greater ci-
lec' Unjust regulations.
IN intimate connection with the question OF revenue
Is mat winch makes provision for suitable fiscal
agent capable OF adding Increased facilities for the dis
3"rsoeht ana collection oil the public revenues, rem
ueilHs more secure their custody, and consulting a
otue economy IN me great multiplied and delicate OPP
era'lohS oil me treasury Department. Upon such an
agent depends IN an eminent degree the Enlistment
oi currency Oh nniiorm value winch Is OF 80 great
10 all u'c essential interests OF society;
anu on le VISION 10 be manifested IN It's creation
'," utIchu'' "oll'iih'teiy interviewer are IT'S op-
clailohS MOI on'y WIN the interests OF individuals but
WIN 'io'c OF lne states, mat II may he regarded IN
Iroat uc.reens controlling both II paper be used as
.hG ch,i iheu!h OF circulation, ana the power be s.
..u IN '!e sovcrnmtnt OF ISSUING it at pleasure either
~ lhe FORM 9l treasury drafts or any other, or Il
BANKS l9 uscd as thc pnbc dcposltore' with liberty
.JLcEatu an suIpilsscs from DAY To day as SO much
auu'u 10 ,iior active capital, prices arc exposed to
constant fluctuations, and industry TO severe suffer
~ IN lhe one case political CONSIDERATIONS dIrec-
.cn 70 parry PURPOSES may CONTROL while excessive
lIe."s ~ a,lc o,h,r Inc public ls mus con
| stli''ly ilahle 10 !npnsiton Expansions and con
fractions may TINS follow each other in rapid success
o' 'ne one ci'aeiiefiig reckless spril OF spccua-