Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-22

bic, in comparison with the quantity con-
| sumed in the large cities and manufacturing
towns, which have either entirely grown
up or added largely to their population un-
der the influence Of laws Of Congress. pas.
sed since the end Of the last war, upon do
nestle labor and industry. The immense
interchange of product, all being the result
Of labor, which now takes place between
the producers of subsistence and the pop
uation above mentioned, shows the advan.
lage which one class is TO the other, and the
essential Importance to both Of preserving
their existing relations. II the consump.
ton Of flour and in the manufacturing dis
tricts, especially the North and East, decline
to that extent their is an absolute loss to the
wheat and corn grower. since the quantity
consumed by them will find a market no
where else. To say nothing, in this con-
neXion, Of the incalculable Importance of
home market 10 the producer of the great
article of cotton, and limiting his remarks
to the grain growers alone, the under
signed cannot but persuade himself that all
will see and acknowledge the great value 10
that class Of producers Of the Northern and
Eastern market-the only considerable
market, indeed, which is permanently open
to them upon the face of the earth.
So long as the policy of other countries
shall continue to exclude the products of
our agriculture from their ports, and thus
deny to us the advantage Of fair reciprO.
city in trade, ii would apr ear to be equally
the dictate o! policy and Of justice to our
! people, to secure to them, as far as may be
reasonably and properly done, a market OF
consumption for their produce in their own
country.
The undersigned is Of opinion that the
condition of the Treasury and OF the coun.
try demands an augmentation Of the revc-
nue.. 1t cannot but be the true policy OF
Government to eX;ngulsh the amount Of
debt now existing az soon as actlcable,
and to avoid increasing it. The creation Of
debt, by loans and other resorts. for revenue
to supply Differences OF regular income,
cannot but be regarded, in time OF peace,
as unjudiciOuS and Objectionable. The gen
eraI credit of the Government, always good,
has been greatly raised both al home and
abroad. by the fact that it has fully paid off
and discharged the debt created by the Rev
olution and Ivy 4 subsequent war with Eng
land, and wars with the Indian tribes. The
preservation OF this high credit is OF the Ut.
most importance. 1t must be the necessary
reliance OF the Government, il, in the ii.
cissitudes Of human affairs. sudden war
+ should come upon Us, reqirlng large and i'm.
mediate expenditures. Exact punCtuallty
in the payment Of interest, while the debt
shall continue, and its payment So soon as
the time OF payment arrives. as well as the
known ability and honor of the Govern
J.. ment, are the means Of inspiring that gen
: eral confidence which shall at all times en-
4 able it TO use its Clcdlt to the greatest ad-
: vantage.
= The estimated expenditures of the Gov.
eminent for the coming year will exceed
4 its probable income by Sl4,2l8,57O 6s.-
:. Should Congress authorize a reissue oI
: Treasury notes to the amount Of $1,000.
, 900, and the balance OF the loan be disposed
!. of. there will remain deficit Of S2,7l8,-
4 So for which provision must be made by
q law. But 1t is not supposed that Congress
n will deem it advisable to restrict the income
q of the Government to the precise amour,
4 of its expenditures. There ought to lie Il
g surplus OF at least two millions, TO meet vi.
), torseen emergencies in the public service
!, and. should even the proceeds of tie sales
of the public lands be Withdrawn from the
:. States, a reverence tn the receipts from that
=. source in the last and present wears vi.
as show that deficiency in the revenue. t.
- meet the wants of the Government, must
n still remain.
!, The state of the National affairs, the dis
,e position Of tie Government. in which, il i:
n believed, the people fully participate, to ~
A. the country into 4 respectable STATE of do
: fence and especiaiIyto support and strength
n en- the military marine, all appear 10 sug
,e gest the proprIety Of such increase Of da
J. lies on articles carefully selected as. wink
j. the amount shall not bear hard on lndivldu
,e ais, by limiting their customary enjoymenu
nor Cypress. nor derange the general bust
NJ ness Of the county, shall yet supply tht
$. Treasury, not eXtrIvagantly or excessive
$, y, tut yet reasonable and justly, for all thu
to great purposes of national defence. Econ
&, omy, that great public virtue. which is ;
IN essentially proper to be pracused by re
i publican governments, would be but half eS
; ercised if, while on the one hand it avoid
,e all unnecessary expenditure. It does not "I
m the other make reasonable and judicinu
st provision for such expenditures as are una
m yojdabe.
IS All which is respectfully submitted.
is W. FORWARD.
I'M Secretary of the Treasury.
to Hon. J. WmrE, Speaker House OF Rel
-. irnSnnioiivnS