Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-06-08

sod thereby petuating liberties No motive exists
i ofeign desire but TO reclaim our Aos'
a,,ssic wilderness aud TO INTRODUCES into their depth
The tights Of civilization whlc shall al all times be
TO the national honor, our most ea'hes'
d ere will be to maintain an un5token peace 80, ,
In or..entinp the foregoing views, cannot withhold
the expression the opinion that there exists noihng n
the extension of our empire, over our P
sessions 10 excite the alarm OF the patriot TOT the safety OF
our institutions The Fedetatiye system leaving 'o e1en
State the care of domestic concerns and devoving on
the Federal those of genetal import adms
SAFETY Of the greatest expansion but al The same us
deem proper t. add, hat there VIII be fonne TO sAsr
at all times, an mperous necessity Tor restraining s n
fnctonaes of this Governm Mt within the range OF hef
pteiive powers, thereby preserving Just balance pc
tween the powers granted to this Government and those
reserved to the States and TO the people.
From the report of the Secretary OF the Treasury you
will perceive that the fiscal presen, and aceruing
insufficient to supply the wants OF the Tor
the year The balance IN the treasury on the 4,h
day OF March last, covered by outstanding drafts and
exclusive of funds is estimated al SS60.000 This
includes the Of 2l5 900 deposited in the mint and It's
branches procure metal for coming and in the process
Of coinage and which could not be Withdrawn without ia
thus leaving subject To draft in the various
repositories the OF 900 BY virtue OF two sew
era acts Of Congress- the Secretary of the Treasury
authorized TO ISSUE and after the itb day of March last
Treasury notes TO the amount OF S54l3OOO, making an
aggregate available fund on hand OF $6,05S 900
But this fund was chargeable with outstanding Treasu
~ redremabe in the year. and interest there
the estimated of So $50 900 There is also
thrown upon the Treasury the payment of large amount
OF demands accrued in whole, in part former years.
which vill exhaust the available means of the Treasury
II
amount burihened with debt and charged with the
rent expenses of the Government.
The aggregate amount of outstanding appropriations
the 4ih Of March last 1888 APO $780, of which S24
2l0,3OO Will be required during the current year, and
there will also be required for the of the War Depart
ment, additional appropriations to the of So 5lI
1898, the special objects of which will be BY
ence to the Report OF the Secretary of War The antic
paed means of the Treasury greatly
demand The receipts from customs for the last three
quarters of the last year. and the first quarter of the
year. amounted to $2 600 The receipts for lands for
the same time to S214243O CO. showing average
from both of 81 236 $40 per month grad
ua expansion OF trade growing out of restoration Of
hdence together with reduction in the expenses of col
lectng and puncualy the part of collecting officers
may addition to the monthly receipts from the
cusoms-they estimated for the residue of the year.
from the 9TH of March, at 900 The receipts from
the public lands for the me estimated at 49,
100000 and from miscellaneous 000 max
ing an aggregate of available funds within the year of
900 which viii leave probable deficit of $l,-
4Oo To meet thus some temporary provision is ne.
cessary until the amount be abso bed b excess of
revenues which are anticipated 70 no distant
day
There will fall due within the ne xt three mon lbs Treas
ury notes OF the issues OF le4O including interest about
$2o5O,0oO There is chargeobe in the same period for
arrearages for taking the 9th Census 1894 and the
estimated expenditures for the service are about
$SOOOOO making the aggregate demand upon the Treas
S S5y prior to the first of September next about $a'o
The ways and in the Treasury and estimated to
accrue within the above named period about
$69i OOO, OF funds available the 2Sth ultimo,
sued balance of Treasury notes authorized by the
lo4l amounting to 81 $4,000, ana estimated receipts
from all sources of So O00 making an aggregate of
about $645OO00 and leaving probable deficit the first
of September next OF 81 ,545 900.
In order 10 supply the wants of the Government,
teg-nt constituency in view of their best interest," will
without hesitation submit to all necessary burthens But
is, nevertheless, important impose them as to
ing out of the pre- exslng laws The act of the ID ,ch
1889, commonly called the Compromise should moi be
altered, except under urgent ties which
lieved at this time to exist One year only remains TO
complies the series Of reductions for by that
at which time provisions made by the law nd which
then will be brought actively in aid of the
interests of the Union will not fail TO produe The moi
beneficial results Under system of discriminating du-
ues imposed Tor purposes OF revenue union with the
provisions OF existing laws to be hoped that our po
cy VIII In the future be fixed and permaneni-so az TO
AVOID those constant fluctuations which defeat the very OBJ
Jects they have in view We shall thus maintain nos
ton, which, while 1t will enable the more readily 10
meet the advances of other countries calculated TO pro
mote our trade and commerce. will the same time leave
in our own hands the means OF retaang with greater
effect, unjust regulations.
In intimate connection with the stion OF revenue in
that which makes provision FIR suitable fiscal agent ca
Paoe OF adding increased facilities the collection and
disbursement OF the public revenues more Sc
cure their custody, and consulting economy in the
great multiplied and delicate operations of the Treasury
department Upon such an agent depends, in emf
nent degree the establishment of currency of uniform
value whch IS OF so great Importance to all the essential
nteres OF society and the wisdom manifested
It's creation much depends So intimately intel are
It's opera tons not only with the interests of
but OF States that it may be regarded 10 great degree
as controlling both fpaper be used as the chief medium
OF circulation, and the power be vested in the Govern
ment OF issuing at pleasure either the form Treas
nry drafts or any other if Banks used as the pub
lie d-positares, with liberty to regard all es from
Gay to day. as much added To their active pri
ces are exposed to constant fluctuations and industry 10
severe suffering
In the one political directed 10 mar
~ purposes may control, while excessive cupidity NAV
prevail IN the other. The public thus constantly liable
TO imposition Expansions and contractions NAV follow
eaeh other IN rapid succession--the one engenderinp
reckless spirit OF adventure and eculaon which en-
braces states as well as indyduas-the other eau inc
IAN IN prices, and accomplishing entire change in The
aspect OF affairs Socks of all rapidly decline nd
Fduals are ruined and States ssed-eyen in their
eofs to meet with puncualy the interest Of their debts
Suc9 unhsPpy the condition of things existing in
he United States These effects may readily be traced 10
the causes above referred TO- The public revenues
removed from the then Bank Of the United States unds1
an order OF late President placed in selected State
Banks which, actuated by the doub motive of conelliat
ing The Government and augmenng their profits 10 The
greatest possible extent enlarged their dis
counts mus enabling all other existing banks TO do tba
same Large dividends declared which Stimulated
me eupldy OF capitalists caused rush 10 be made IN ,h
OF the respective States for similar acts
eorPoralioni which by Of the States under femme
ray inialuaon were readily gran,ed-and thus IN, aug
meniation Of the circulating medium consisting almost
stcusveIY OF paper produced fatal delusIon An
usfaon derived from the land sales Of the period and