The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-11-04

treasury, and the imperative necessity of sneed
provision for fulfilling our obligations to the publi
creditors, and deIraying the current and unavoida
bic expenses Of the government. A loan had bee
authorised for an amount scarcely equal 10 ON
half our ordinary annual revenue, and this sun.
relatively so Insignificant, it had been found i'm
practicable 10 obtain The President believed tha
pledge OF specific funds for the payment of tn
interest and the redemption of the principle Of lha
loan, would at once relieve the country from TN
Quinn OF such failure, and repleHish the treas
nry until adequate revenue should be provided b,
the passage OF proper laws In the proceeds o
The sales Of the public lands he perceived such
fund already provided, and he recommended Il
congress the temporary appropriation Of it - thu
great public exigency which presented ITSELF liz
was well aware Of the claim which had been in
terposed IN behalf OF these States to distribution
among them OF these proceeds But on examining
The act OF sept. ls4i, providing for that distribu
non, nc lound Inc principles on which 1t should be
made, settled ny those who had heen The warmes
advocates OF the claim The wing majority IN
congress h"o by 'hal ac' determined that such dis
'rlou''oh sh0uld not lake place when the country
was ehsaseu WIN 'oieish power, nor when an
ecc"o,',icai administration OF inc Government re-
qu"eu inc Imposition OF du'ies exceeding twenty
per ce'' On ''e 'a'ue OF inc ar'lcies taxed Con-
sress ''ad mus IN accordance win tho constant
prac''cc WHICH hao PreVa''ed from the foundation
VI ',e government soet,h'y re-asserled It's au-
'horny 10 cohlroi INC distribution oil lhose proceeds
anu 10 o''ec' 'ner employment Tor inc dement, OF
lhe halioh, whenever It's exlgencles demanded
'he'n IN !''s judgment lha' eA'gency mad arrl-
ved' ana MS recommendation was made according
y 10 meel H. 1 tic Recommendation was dlsreSar-
uen ~, anu 'i'e 'ohi Is no, ye' 'akeh'
lncse views VI ''e lreSluen' were not hew--ih
MS MS. ness"se 10 congress III ',e extra session IN
June io1i, nc sau' among such distribution OIL
'ne proceeus .. u,e s''e D, 'hc puC'c 'ahds' pro-
N'ueu such o's!l'ou'ioh uoes not force upon con-
Sress 'ne Necessity OF imposing upon commerce
heavier oosuens l,a'' nose contemplated ny ,ne
"o' VI 1000 wou'u "o' as an e''ce"' ,enieuEi'
neasu m' 1y oe'hs o.ousn. urec'y III alu OF 'he
SUITES nesc sen ,1 were expressed 10 a
new Ions'cSs''h Wa'ch .i'e'e was SHOWN 'naJoFl-
y III ,nVot o. u u'S'rlou,'on' anu nj lMe when
no 'Iu's'oa ''au ''nTn pace between Inc froshenl
anu 'he "'aJo''y' ine doctrines and principles oil
Una. message nic' WITH uh'ersai iiVor from the
wing pIeSs'a"d no exception was al That time taken
10 '',r passage nooTc quoted me ac' OF seplem.
ocr io4i' ior 'he ds'rloulioh OF me proceeds OF
'nc ''Nu su'es was passed anu e'noou'ed lhe lueh
ucai principle mus stated ny Inc PRESIDENT
Prsed OF me views OF Inc president, winch they
had sanctioned ana adopted, ana oil his determln-
al'oh 10 aohereto men, mat body passed two bills
III saccesson' IN drect cohhlct WIN me principles
wh'ch u hau mus soiemh'y recognized Inc last OF
'cSe o,,'S ooro conclusive evidence Oh us lace na'
'he Contingency contemplated ny ,he compromise
act OIL september le4i nae arrived mat rates oil
du''os eNceedlhs twenty per cent: had become
necessary lor an economical administration oil Inc
government anu therefore suspension OF the as
',ouion OF 'he proceeds OF Ihe laild sales' Tor
when mat act had PROVIDED ioNowed as neces-
sa'y anu ihe'nao'o consequences ana YET the ni''
drecleu mat dls,r'ou''on 10 DC made Cou'd the
aPProp""oh o, lhe rreS'ueht 10 such a Dli' nave
pcch eNPec'eo ny any ra''oha' man No'i'hs hno
occurred he'weeh september ioii ANA July lo42,
"hlch coud ny any Possibi,ty a'lect inc principles
on wh'ch distribution shonld 'oRe place. congress
had 6cen premon,shcd mat an empty treasury and
hishohored credit demanded Inc application OF
oll the means oil The government to the supply o!
VIC one ana the restoration OF me o'her' Is The
conclusion al Unfair one mat inc proposition 10
V'o'a'e 'le principles OF inc act o. oepemner'was
maze win Inc design 10 compel It's rcJectlon' IN
oruer 10 commune 'ne as'a''oh wn'ch had Deen
commenced ny Mr. 'lay' nj an carry gay OF The
SESSION, against inc veto power ana .ha' was
coupled WYNN provisions Tor leVylns ou'ies on I'M
Por's IN the expectation thai me interests ana ,ee'
ihSs OF 'hose VINO were 10 DC Dcheh'leu ny lhose
provisions would mus be connected WIN Inc agt-
u''on o'reuuy eN's'hs, ana mat ny 'nese '''enhs'
the dono'e purpose OF gaining 'rehus 'or inc aoo-
''''oh OF INC Ve'o. ana o. assra'alhs 10 'ne Ut
'''o', 1H''''' "o''"o "s","', W" '.o'"o"''
i"'"i 'aw continuing !he uisl''ou''oh clu"se,uh-