Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-03-31


following Message, Recommending repeal Or
the Land Bill. MI,
t. ~ Ssnsi, raS fsp4 II RsPrsssEiaiirss efshe
Eaiisi Ssslss
Notwithstanding the urgency with
xhich Ishave on more sthan one occasion
fell i, nv duty 10 press upon Congress
the necessity OF providing the Govern
neut with The ihsans 81 diseharging its
debts and maintsiring lnsioia,e The pub
lie faith. the increasing enlbarrassmsuts
Of the Treasury i'm pose upon me the ia
dispensable obligation OF again inviting
youf most sesio1s attention TO the condi-
iion Of the finances. Fortunately for my
self. 10 thus bringing this important sub
ject 10 your view, for deliberate and
comure hensivs examinaiion IN al its
bearings. and. I trust | may add, for a
6nAl adjustment Of IT, TO the common
advantage Of The whole union, am per-
mitted 10 approach !, with perfect free
dom and csndor. As few Of the burdens
for which provision is now required 10 Be
made have been brought upon the coun-
iry during my short administration OF It's
affairs, Ibave neither motive nor wish TO
make them matter Of elimination d
gainst any Of my predecessors. Lam dis
posed 10 regard. IS am bound to treat
them as facts, which CANNOT nov be I'm
done, aud as deeply interesting to US all,
and equally imposing upon ell the most
solemn duties; and The .ouly use i would
make of the f1ors Of the psst-is, by a
csreful examination 81 their eaose3
character. TO avoid If possible the repeti-
lion Of them 10 future! The condition of
the country. indeed, is such as may well
arrest the conflict Of parties. The con-
viciion seems a. length TO hate made lis
way torthe minds Of al, that the dispro-
portion betReen the public responsible
ines and the means provided for meeting
themsis no casual nor transient evil. Tits,
on tie contrary. one which, for some
years 10 come. notwithstanding resort
10 all reasonable retrenchmen.s, and The
constant progress Of the country 10 .popu-
lation and productive power, must con-
linue 10 increase under existing Jaws. un-
less we consent 10 give up or impair all
our de!ences 10 war and peace. But this
is thought which. ] am persuaded, no
patriotic mind would for a moment en-.
iertain. Without affecting an alarm
WHICH I DO not feel in regard 10 our on T. 10. :.
reign relations, il may safely be affirmed
that they are 10 a state too critical and
involve too many momentous issues 70
permit Us to neglect ID the least, much
less Ia. abandon entirely, those means d.
asserting our rights. without which nego-
tiaiion'is without dignity and peace with
out security. ~ Al
II tie Report OF the Secretary Of the
Treasury. submitted 10 Congress al the
commsntement Of the present session, il
Is estimated that. after exhausting all the
probable resources Of the year, there will
remain a deficit OF about 81 ,000l000.-
With view partly TO permanent sys-
tenn Of revenue. and partly 10 immediate
relief from actual embarrassment that
officer Recommended. together with plan
for establishing Government Exchequer,
rome expedients Of . more temporary
character, viz: the issuing Of treasury
notes, and The extension Of the ame Tor
which the loan authorized TO be hegotia-
ted by the sc. of the last session should
be taken. Congress accordingly provid
ed for an issue Of Treasury notes to the
6 IA ssy w s5 A 'I no s. = paid aid
away below par.
No measure connected with The last 81
the two objects above mentioned was in-
unit! recently into the House Of
Representatives,. Should The loan bill
now pending before that body pass into
a law, for its present mount there would
still remain a deficit Of 81 500, 600 II
requires no Argument 10 show that such .
condition Of The Treasury is incompatible
not only with high state Of public credit,
but With anything approaching to effiqlen-
cy in the conduct Of public affairs. Il
must be obvious, even 10 the Most mex
perienced minds. that. TO say nothing or
any particular exigency, actual or i'm mi
nent, there should be at all times 10 the
Treasury Of greatnation, with view 10
OF ordinary occurrence. o
surplus at least equal in amount TO The
above deficiency But that deficiency,
serious as il would be in itself, will. Am
compelled 10 say, rather Be inert BASED THAN
wilhou; the aGoptid To- 81 mea-
sures adequate 10. correct the eyii at once,
The stsgnaiion Of trade and business, Id I
some degree incident tothe< arrangement
ofthe national finances, and the state OF
The revenue laws, noIdsoai but little pros
pect Of relief 10 tbs ordinary course Of
lhings forsome tiYe to come.
Under such circumstances, I am deep.
y impressed NTH the necessity of meet
ing the pjfs with vigor and decision
which iIimPeraiively demands at the
hands Of all entrusted with the conductof
pubic affairs. The gravity Of the evil
;ahs for . remedy proportioned TO il. No
slight palliatives or occasional expedients,
will give ihe country the relief. needs. -
Such measures, on ,be contrary, will, in
he cod. as is nov smanifest 10 all, too
surely multiply lie embsrrassments Re.
ying, as ] am bound 70 do, on the Rep
ofs People rendered iIlustri-
qua among naliaas By having paid of, its
Ehole public dsbt, I shall no. shrink from
he responsibility imposed upon me BY
he Constitution. Of pointing out such
ne lures q will in my opinion ensure
adequate relief 4 am The more encour.
lgsd 10 recommend The course which
necessity exscts, by.he eonfidencs which
have in its complete success. The re-
sources Of the country. in every thing
hat constitutes the wealth and strength
i nations. are no ahnndanf-fhe anirif nf