Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1841-01-02

! pt IfdDIlS AAt - f''
tae character Of our institutions; of collecting an.
nual,y from customs and the sales Of pub!lc lands
a revenue fully adequate to defray oil the espens-
es thus incurred, but under no prttence whatso-
ever. to impose taxes upos the people TO a greater
amount than was actually necessary TO the
public service, conducted upon the principles
| have stated.
In lieu Of a national bank, or q dependence
apon banks Of any de -crip.ipn for the management
ofour fiscal atfairs.I recommended the adoption OF
the system which is now IN successful operation
That system affords every Eequis't facility for the
ire p-action OF the pecuniaty CONCERNS OF the Gov
4rnment will, 1t 10 confidently anticipated, pro-
duce in other respects many ot the benefits wisicA
!. have been from tims t. time expected from the
creation ola national banks but which have never
been realized, avoid the manifold evils inseparable
from such an institution dlfuiaish, 10 a greater
extent than could be accomplished by any other
measure 81 reform, the patronage at the Featfai
| Go~gefnment-a wise policy IN oil GoSernmen's'
be- more especially 80 10 one Ike ours, waieh
works we'll only 10 proportion as II ID nal to re-
" for j.. support uqsn the unb!s sed AID una
@AIi+kf& Va pth@ISh S'''
~ierevss. ell dspst3slce Oh corporate bodice, either
~ Size fsisu1x, colleciir 4, SAT keeping, OF dishors.
ing the pub,ic revenues and place she Govern
us~0t equally s''Sve tie sampia,ions OF ~fAsorIns
. dangerous and demonstrations! institution al
aosGs, o. tbs ns,esity Of adapting It'd policy to The
s.4@s anj interest OF . sill! pore formidable % IL,
sy power abroad.
II i. by .%Jopslag and carrying out thcsO rria
cip!es. uuJsr snce. tho most srisoe+ and
d~lses0rs ging. tass tEe s!ienpt has ssn nsle
thus Ter succes.ful.s, TO demonstrate - sAe pro,
pc of me United S,atas, thai q national bank al
al .InsS, AID q nz!ioaaI debt, esceps il be incur.
I'd q! . peiiol when the honor end sifsty A t!d
ps,ion dsnaa1 the temporary sacr.s ;e Of . policy
which should only be snsndonsd III such Xxi.
<sac!s. are not lntrsly unnecessary, tst ~
Jitssi and deadly hostility to tie principles d
sA4if GosernJneni s,nd to taFir Goa psrul.nenI
salfsIe.
f'hs progress ma IL in the - yclops.asnt aG tbs
.~a.isiaa. appears in .he preceding stsSh ID tts
p5a; lisloey sad present. s'sts Of t-~ Gnsacisl can
e~tas ii she Federal G3se!nssat. The f.ets theff
.ta..d. fully authorized the assertions, that oil sas
gu5pes. . for shich this Gosern taeni sas instttut'
sl. lave bean accomplished during faaf yesss Of
gres.cr pecunisry embarrassment tLAD were ever
beluEe espssienctI 10 lia4e Of peace, aad in tAa
10 . Of opposition az furiaiasbie . any that 81
ever befor. .rrayed against The policy Of 81 al.
a,iais'fsIiou thai this has bssn dcae sElaa The
srI.Is = Iessnue. OF the C5ssrnmsat aere xsn-
erolly decreasing, 60 well from abe o~pe..sion OF
- iaw, 9. the condition Of the easntty. w,thoai
she creation Of a permanent public debt, or in
cuiing any liability. other shsa s.ch ~ ibs
u.dipaf, resources OF the Govern a<as aill .pecdi-
j discharge, and y ;hout tl.s 4sency Of a nation
oil bsSk.
If ihis vices Of the proceedings of The Govern
Aasat, for the pcriad it embraces, be sAsts ted BY
eli. fset- o. they are known TO sie' if the sfsny
sid asss base been sastsiasd 10 tie full rstent
autharised by law, and which Con.re.. l. ensd
~slfhcisns for the dsfeGcs Of the county aud de
protection Of is Iishls and il. civil snd ~diplou.
slic sosvies has been equally sustained If sHpIe
provision has been made for shs administration
of i~ns,ice AID the execution Of she laws ; il the
claims upon public gratitude in behalf of the sol-
liefs of the Revolution have heen promptly met
and faithfal'y discharged ifthete haze hcso 40
failures in j~rfraying the very large Expenditures
growing Gu. Of that long confused aud ..Iatsry
polly of peacefully removing the indians to te-
gioH. Of comparative safety add prosperity il the
public faith has at all times, and every where
been most scrupulpnsly msintained by . prompt
di charge Of the numerous, extended, aad diver
si6ed cIsinfs oa the Treasury if all the.e great
and permanent objects, with many others tia,
nl;ghi be stated, has for . series Of yeas, marked
by peculiar obstacles and difficulties, been sucs
c~.ssfu!iy accomplished, without IesoI, to a perm.
aneut d. si, of the aid of a national bank, haze we
no. q right to expect that . policy, the object If
which has been TO sustain tho public service
Independently Of either of these fruitful sources
Of discord, will receive the final sanction of q
people whose unbiased AMI fairly ELECTED judg-
men, upon public afiirs is never ultimately
wrong
That eDbqriassments in the pecunisry con-
Germs of individuals, of unexampled extent and
duration have recently existed in this,ss in 70 any
other commercial nations, is undoubtedly true.-
70 suppose it necessary now to trace these rever-
SEES to their sources, would.be a reflection on the
intelligence Of my fellow citizens. Whatever
may hsve been The obscuri.y in which the sob
jeet was involved during the earlier stage Of The
revulsinn. there cannot now he many by whom
The whole question is not fully understood.
Not, deemiug it Wifhin the constitutions pow
er Of the General Government TO repair private
losses sustained by reverses in business having no
connection with the public service, either by di-
rec! appropriations from the Treasury, or by spe-
ciat legislation DESIGNED to secure exclusive priv.
ileges and immunities to individuals or classes in
preferences 10, and at the Expense Of the greet
majority necessarily declared from any p~ar,icipa-
Son in them, no attempt 10 90 20 bss been
either made. recommended, or urged, by the pres-
ent Executive.
1t is believed, however that the great purposes
Cor the attainment of which the Federal Govern
ment was instituted. have no. been lost sight of.
Intrusting only with certain limited powers. eau
tious'y enumerated, distinctly specified snd defn-
Cd with q precision and ~c!earness which would
seem 10 defy miscon,ruction. ii has been my
constant aim to coufne my elf within the limits
80 clearly marked out, and 40 carefully sparard.
Having a ways been Of opinion that the best
preservatiye of the union of the States is to be
found in total abstinence from the exercise
If nil d nbtful powers on the part of TIE
Federal Government, rather then in attempts to
.ssune them by a loose construction of the con-
+tiuiion, or an ingenious rerversion Of its words,
| have endeavored TO avoid recommending any
measure which I had reason to spprehend would,
in the opinion even of a considerable minority Of
-. fJi.u, ,;.,-o,c L- r,r,-i.J - t.,,,b;r~ -