The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-04-13
MESSAGE OF THE PRESIDENT.
To The Senate GMl H3use nf


to press upon Congress- the necessity OF provi,
ding the Government with the means OF dis.
charging lis debts, and maintaining inWo!ate the
public faith, the increasing ell0arrasameats o.
the Treasury, impose upan nc the udspcnsa.
bic Obligation of again inviting YOUR most scri.
.ous a.teation 20 the condition o. The fiuarces -
Fortuna.clv for mysei;, il tins h:;s!-;:l- ths in
portan: slhicc: 10 your viog:, ior a deii,a:a
and conprc:cns;rc examination oE it in ali is
bearings, and :rlst may a]'!, for final aI,
justmant Of i, TO thc coala102 lIv22,agc 0i ti:s
whole Union, an pH-'attc.. to anpcolc:i il
with freedom aui cAGior. IS few o. the b::r.
dens for which provision is nov required TO &c
made, have been broughts upon the coHntrv dn.
ring my short adm nstrationof its affair.", have
neither motive ncr wish 10 make tI.cma matter
of elimination against any OF my predecessors
/ am disposed to regard, as am bound 10 treat
them as fac.s which canno: naw be unaonc, AID
as deeply interesting to US all. and equally I'M
posing u2oa al! the most solemn duties. And
Sthc oa!y use would make OF the errors of the
past, is, by a careful examination OF their ca;i-
ses and character, to avoid, if possible, the re-
petition of them in future. The condition OF
the country indeed, is such as may well arrest
the conflict Of parties. The conviction seems
at lenrth to l.rvc made its way 10 tic minds OF
all, that the disproTorton between the pubic
RESPONSIBILITIES, and the means provided ior
meet;nr them, is no casual nor transient evil
1t is on the contrary, one which for some years
to come, notwithstanding resort TO all reason
able rctranchments, and the constant. progress
of the country in population and productive
power, must continue to increase under en-
isting laws, unless we consent to give up or I'M
pair all or defences in war and peace. Bat this
is a thought which, am persuaded, no patriotic
mind would for a moment entertain. Wlthout
affecting an alarm which do not feel in regard
to our foreign relations, it may be safely aihrm-
ed that they are in a state too critical and IN
volve too many momentous issues to permit US
to nerIect in the least, much less to abandon
entirely, those means of asserting our r!gats,
without which nero.at!oa is without dignity and
peace without security.
In the Report of the Secretary OF the Irca-
sury, submitted to Congress at the commence
ment of the present session, tits estimated thai,
after eyhausting all the probable resources OF
the year, there will remain deficit OF about
SI4,O0OG00. With a view partly to parma
ment system OF revenue, and partly to nEledi-
ate relief from actual embarrassment, that oticeT
together with plan Tor establish
ing a Government Eychequer, some eSpedients
of more temporary character, VIZ the issuing
of Treasury notes, and the extension oil the time
for which the loan authorized to be negotiated
by the act of the last session should be taken.
Congress acc6ld;igg d3igy provided for
Treasury notes to the amount of S3,0O0,GO0 bnt
subject to the condition that they should not be
paid away below par.
No measure connected with the last of the
TWO objects above mentioned was introduced un-
hi recently into the House of Representatives..
Should the loan bill now pending before that bo-
ly pass into law for its present amount, there
would still remain deficit Of S5o0,00O. 1t re-
unres no argument 10 show that such cond-
ion of the Treasury is incompatible not only
with high state of public credit, but with any
hing APPROACHING to efficiency in the conduct OF
public affairs It must be obvious, even to the
most inexperienced minds, that to say nothing
IF any particular exigcncy, actual or IMMINENT
here should be at all times in the Treasury Oh
great nation, with view to contingencies OF
ordinary occurrence, surplus at least equal IN
amount t. the above deficiency, serioiis as II
would be in itself, will, am compelled TO say,
-ather be increased than diminished, without
he adoption of measures adequate to correct the
evil at once. The stagnation OF trade ana Dusi-
ness in some degree incident to the derange-
nent of the national fi7ancaf, and the state O,
he revenue laws, holds oui bu: little proSreci
of relief in the ordinary course OF things ior
some tine 20 come ,.
Unle- such c:~ra-as'aTces, ! an deeply !n-
nressel with the "aco So: O! meeting the cT's!S
with vicor and Aa:is'ot vL;ch 1t l.noal2.,Veiy
demands a: the hands Of al entrusted with the
condact of public aiT,irs. Tnc %ra.ity OF the
evil,ealls fol. a remedy pro7o';:c7ci 10 l. no,
slght naIliet;:cs CIR occaso1.! e:;Ta.' .c"is WI.
give the country tie relief it neehs' cd, ~ %"sa a
measures, on the contrary, will, in the END, as
is manifest to al, too sareiI multiply rs cil-
barrassments. Relying, as al hound &c, 10 GT'
on the Representatives of apeople fshie'eTr -. ~
lustrious among nations by havirg paid O" us
whole public debt, shall not shrink from L.!
imposed upon me by the Constl- |
tuition ofspoin.ing out such measures as VIII IN
nv opinion ensure adequate relief. | am the
more encouraged to recommend the course
which necessity eyac.s, by the confidence which
| have in its complete success. The resources
OF the country, in every thing that constitutes
the wealth and strength of nations, are SO abun-
dant-thc spirit ofsa most industrious, entefpri,
sing, and intelligent people is so energetic and
elastic, that the Government will be without
the shadow of excuse for its delinquency, II the
difficulties which NOW embarrass it be not spec
div and effectra!ly removed
From present indlcasions, it is hardly douDt-
fall that Congress will find it necessary to lay
Il:,;o.,1 J,,ia, on.imnor,s in order 10 meet