Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-01-02

/ w.uuut puJudcr IA lhe puhhe syrvlcg go other ry-
>pvc'N Causes are IA operations winch Wa, t : b.-
H,S,t fB,uN = >ti iurthtr reduction. Wu1rut lnd.
y 1 any Important national ante tst. Too cNpyU-
/ - a sustaining the Hoops emps'yed ga tiuIiia
have been gradually and greatly rcduc,d lhrpugh
the prr>eycung eiiris ct the Wa Dcpar mcui, aHd
reasonable hoyr uIsy be ynfe,; famed 'hsi tle ar-
oeSsity or military operalpns "a thai quarirr wti
s0uu cess. The remu,siottHe lnd avs ,um within
| ouf sSu.ed borders &, neatly completed, lac pvu-
>iou l>l nIe 1T iAr heaviest charNs upon Tie lrca
| Sur, Is rapidly DIMINISHING 10y dcaIu Tie mos.
cuSIy Of our payIr buildings are ttti,tf hush a. or
reafy se, aud VT may Itauk, safely promise our
seivt, Continued eNtmpitou rem b'Idsr dilhtuIuyS,
The aedHabit hi ance m iiie Treasury an tht l,t
OF January next Is estimated al one m,on and
bail OF do.drs. Tn, sum. with lte expected rvcript
nom al sources during The next year, wl, II = he
/ urNtd, be sufficient to enable the Government 10
meet every engagementand leave suitable balance
! ga The Treasury at the end of the year, liir remc,
| 1 a measures connected with The customs aud the
pubic lands, herrlnhlre recommended, shall be- -
dnpird and the new appropriations by CoaEscss
sioi not carry the expenditures beyond the eihesl
estimates
The new system established by Congress iur
the ia excepting OF the public money, prescribing
the kind OF currency 10 be received ten the public
re,enue, aud providing additional guad, aud 50
cures against loss1s, has nov been several
month, IN operation Althoughu might he pre-.
mature, upon an experience OF such hunted du.
ration, To form definite opluion m regard lu the
sNltnt Ut IT,. influences N correcting many rNtls
undrf winch the Fedetal Government aud the
cuun ~ have hitherto acknowledgement Those
thai have grown out OF banking expansions, de-
prevlaltJ currency, aud Official drlacatuns YET
"a Is hu llgh' TO say that nothing has occurred 81
thr practical operation oi the system a. weaken
IA the -hshtes, degree, but much To strengthen,
the confident antcipauons ei It's friends. The
grounds OF these have been heretofore so fully
explained AS to require no rrcaplulauon. Ia te.
spect 10 The facility aud convenience It affords n
conducting tho public service, and the ability ul
the Government To discharge through It's agency
e,er duty attendant on tho caliecuou transfer,
and disbursement OF the public money with
prompuIude aud success, ! can say, With conf
dence, that the appreheuslons OF those who tell
ii To be then duty to oppose It's adoption have pro.
we'd 10 be untaunded On The contrary, this
branch Of the fiscal affairs OF the Government has !
BEEN aud 1t is believed may always be, thus ear
RED un with every de-nahe facility aud secuuly. |
\ tew changes and Improvements 10 the details |
Of The system, without affecting any principles IA
vulved IN II, Will be submitted to YOU by the Sc. /
creRry OF the Treasury, and wall, am sure re.
celve at your hands that attention 10 which they |
may, ~ examination, be touud to be enutd.
! have deemed tins bret summary al our fiscal |
atfiIs necessary to The due performance Of duty |
especially en- Iuined upon me by the constitution.
1t viii serve, also, to illustrate more fully the prn
ciplcs by which have been guided III rele,tnce
to two contested polats n our public policy which
were earliest ~ then Development, aud have been
more important ~ their consequences, tan any /
that have aIsen under our Complicated aud dbl /
cult, yet admirable system Of goyrrnnenl al |
Iude 10 national dtbt, aud national bank. l.
.t., f, .unlty has been agllHcd since aths
dOptIun OF the eonsuiunnn. ~ Il great 'nea-ufe,"r'
lgInaled and ihere Is too much rea,on 20 apple.
mend thai the conflicting interests aud opp"-tnE
pin, pies thus mar,haIled, Will continue us here
lolore, to produce similar, It not aggravated, con
sequences.
Cunning into Office the declared enemy OF both
I have earnestly endtWored 10 prevent resort
10 either.
The consideration that large public debt az
fprds an apology, and produces, ~ some degree
a necessity also, TOT trsorung 10 system and
extent OF taxation which Is not only oppressive
throughout, but lksWJse SO apt 10 lead, II tho end
b the coninl. 8iou ui that most odods Of all "t-
ipntr rs, against lhe principles ol republican gov
enmtHt-rhe prostitution OF political power, con-
lerred Tor the general benehl, to the aggraudze.
meui OF particular classes, aud he gratliicouon 81
individual cupldEy-ls alone sufficient, lndspeu
IDENTITY Of The weghty objections which have al
ready been urged, To render It's creation and exs-
leIice he sources OF bitter and uuappcasable
dscord.
Ii We add to this, It's inevitable tendency to
produce and foster eStravaRanl expenditures OF
Tie public mo icy, BY Which a necessity Is created
Iur new loans and pew burdens on the people
and, finally, II we Ieie. to the examples Of Every
Government which his existed, for proof h0w
8 ldnm 1t is that the system, when once adopted
and implanted ~ The policy OF county, has Iail'
ed to expand llsflI, uuul public credit vas tXhaus'
ted, and he people we're no longer able TO endure
rs increasing weight, Il seems impossible tore.
sisl The conclusion, that no benefits resulting iron,
lis career, no extent Of conquest no accession oi
wealth 10 particular classes, nor ANY, nor all IL
advantages, can coun'eIhalance us al.
limhr bu c~tan resnlls--a splendid IoFein'
ment, md an impoverished people
liza national bank was, as Is undentIble, tePu'
dated by tie trainers OF the constitution as neon
patlbie with the nights Of HE States and the hbrf'
ties Of be people i, from the brginnlng, II has
been regarded by large portions Of our cIhzens ~
coming ~ direct COLLISION with that great aud VI
lal amendment VI the constitution, ~hith declares
that all powers DOT conferred by Iht INSTRUMENT
on HE General Government are renewed 10 the
States and To tue people II II Las been viewed
by them as the first great step IA the mach 81
atiudlnou- construction, Whcb,nnche ;ked, would
render that sacred instrument VI as little value az
an unwnten Constitution dependent, as II would
aloue be, Tor It's meaning, "n the Interested inter
prelallon Of a dominant patty, and htung no