The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1842-12-16

| The American negotiation might be able 10
point the money lender 70 the fund mortra0.
| ed for the redemption Of the principle. and
interest OF any loan he might contract and
thereby vindicate the governments from ali
suspicion of bad faith or inability 20 meet its
engagements. Congress differed from the
Executive in this view Of the subject. III
became, nevertheless, the duty of the Exc
cutive 10 resort to every expedient in its
power TO negotiate the authorized loan
Alters failure to do 80 in the American mar
ket, citizen of high character and talent
was sent TO Europe with no better success
and thus the notifying spectacle has been
presented of the inability Of this government
| 10 obtain loan so small as not, in the whole,
10 amount 10 more than one-fourth of its Or
binary annual income; at time when the
Governments of Europe, although involved
| in debt. and with their subjects heavily bur4
dened with taxation, readily obtain loans of
any amount at greatly reduced rate Of in
terest.
1t would be improbable to look further
| into this anomalous state Of things, but can.
not conclude without adding that, for gov
eminent which has paid off its DEUS Of two
wars with the largest maritime power Of
Europe, and now owing debt which is al
most next to nothing when compared with
its boundless resources, a government the
strongest in the world, because emanating
from the popular will, and firmly rooted in
the affections Of great and free people, and
and whose fidelity to its engagements has
never been questioned: for such a govern
ment TO have rendered to the capitalists Of
other countries an opportunity for a small
investment its stock, and yet 10 have failed !,
plies either the most uniounded distrust
in its good faith, or purpose to obtain which,
the course pursued is the most fatal which
could have been adopted. 1t has now be-
come obvious to all men that the government
must look 70 its own means for supplying its
wants. and it is consoing to know that these
means are altogether adequate for the object.
The Exchequer, if adopted, will greatly aid
in bringing about this result.
Upon what Iregard as a well-founded sup
position that its bills would DO readily sought
for by the public creditors, and that the issue
would in a short time reach the maximum
of SIS 900 900, it is obvious that $40, 600, =
OOo would thereby be added 10 the available
means of the Treasury without. cost or
charge.
Nor can fail TO urge the great and bsne-
fetal effects which would be produced in aid
5 of all the active pursuits of life. Its effects
upon the solvent State banks, while il would
force into liquidation those of an opposite
4 character through It's weekly settlements,
:. would be highly beneficial; and with the
r. advantages Of sound currency. the restora-
. ton Of confidence and credit would follow,
= with numerous train of blessings. My
: convictions are most strong that these bens.
st fits would flow from the adoption OF this
l. measure Tiff the result should be adverse
i :here is this security in connection with it,
ir that the law creating it may be repealed al
a the pleasure of the Legislature, without the
r slightest implication Of its good faith.
h recommend TO Congress to take into con
le sldeTaton the proprety Of reimbursing fine
} imposed on General Jackson at New Orleans
r at the time of the attack and defence of tina
city and paid by him. Without designating
d any reflection on the judicial tribunal which
l. imposed the fine, the remission at this dal
a may be regarded as not unjust or inexpedi
ID ent. The voice Of the civil authority wa
10 heard amidst the glitter of arms and obeyet
A. by thoseSwho held the sword, thereby givinl
S. additional lpstEe a memorable military a
at If the Ay Re offended, their majest
n was fully vindicated and although the pc
Ut nalty incurred and paid, is worthy of it'll
at regard IN pecuniary point of view, 1t Cal
or hardly be doubted that it would be gratifying
70 the War-worn veteran now in Tetiremen
70 and IN the winter of his days, to be relieve
~ from the circumstances in which that judg
s. ment placed him. There are cases in Whic
AT public functionaries may be called on I
% weigh the public interest against their ow
"a personal hazards, and if the civil law be vic
at ateo from Praiseworthy motives, or an OVel
To ruling sense of public danger and public NJ
on ceeslty, punishment may well be restraine
Ter within that limit which asserts and maintain
of the authority of the law, and the subjectio
INT VI the military to the civil power.
II a Inc defence of New Orleans, while
to saved city from the hands of an enem
paced the name Of General Jackson anon
is !nose OF the greatest Captains of the age, ar
ent Illustrated one Of the brightest pages Of Of
me- hlslory' Now that the causes Of excitems
be- exlstlng at the time, have ceased to operat
ca II is nelIeVed that the remission OF this fin
bill ana Whatever of qualification that repissi'
the might cause the eminent who incurred al
erv PAID u, would be in accordance with 4
, III general feeling and wishes ofsthe Aneric
People.
ii have thus, felow-citizens, ACQUITTED N
ma self oil my duty under the Constitution,
- laying before you, as succintly as Ihave be-
,ro. able, the State Of the Union, and by incit
md your attention to measures OF much impo
,be ance 70 the country. The Executive "
,on most zealously unite its efforts with those
~, ~ the Legislative Department in the acco
80 pIishment Of all that is required to relic
'1Ia the wants OF common constituency, or e
u, Vate thedestlnles Of beloved country.
,or- JOHN TYLER
WASHINGTON, December, 1912.