Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-04-12
MESSAGE FROM THE PREsI.
DENT.
To dc Senate and House of
Representatipss Of the .. s:

nv duty to press upon congress tue ne
cessity ofproviding the Government with
the means of dischsrging its debts, aud
maintaining invioIats the public faith, the
increasing embarrassments of the treasu-
~ impose upon me the indispensable OBJ
LEGATION of again inviting your most seTl'
oas attention to the condition OF the u
nancss. Fortunately for myself, IN thus
bringing this important subject to your
view. for deliberate and comPrehen-
siVe examination Of it iu all ITS bearings
and l trust | may add, for fnal adjust
ment of it, to the common advantage OF
the whole Union, am permitted to aP-
proach it with perfect freedom and can
dor. As few Of the burdens for which
provision is now required to be made,
have beenIbrought upon the couAtty during
nv short administration Of IFS affairs, |
have neither motive nor wish to make
them matter Of elimination against any
Of nv predecessors. am disposed to re-
gard, as am bound TO treat them as
facts, which cannot now be undone, and
as deeply Interesting to US all, and equal
" imposing upon ell, the most solemn du
tiSSsAnd the only use would make Of the
errors Of the past, is by careful exam
inalion Of their causes and character, TO
avoid, il possible, the repetition ofthem in
future. The condition Of the country in.
deed, is such ps may wsll arrest the con-
6ict Of parties. The conviction seems
at length to have made its way to the
minds of all, that the dIsproportion be.
tween the public responsibilities, and the
means provided for meeting them, is no
canSual nor transient evil. 1t is on the
contrary, one which must, for some years
10 come, notwithstanding resort TO all
reasonable retrenchmentS, and the con-
slant progress of the country in population
and productive power, continue to in
crease under existing laws, unless, we
consert to give up or impair all our de.
fences in war and peace. But this 10 a
thought which am persuaded no patri-
otic mind would for moment, entertain.
Without affecting an alarm, which do
not feel, in regard 10 our foreign rela-
tions, il may safely be affirmed, that they
are in state too critical, and involve too
many momentOus issues too permit US to
neglect in the least, much less to abaHdOn
entirely, those means Of asserting our
rights, without which negotiation is
without dignity, and peace without Secu
rity.
In the Report of the Secretary of the
Treasury, submitted to Congress at the
commencement of the session, it is esti-
mated that after exhausling all the prob.
able resources Ofthe year, there will re-.
main deficit OF about $l4,00O,00O.-
With view partly TO permanent sys.
tenn Of revenue, and partly to immediate
relief fIom actual embarrassment, that
officer recommended, together with plan
for establishing Government Exchequsr
some expsdients ola more temporary
character, vizi the issuing Of Treasury
notes, and the extension of the time for
which the loan, authorized to be negotia-
ted by the act of the last session should
be taken. Congress accordingly provided
for an isaus Of Treasury notes to the
amount Of S., 100000, but subject 10 the
conditiOp that they should not be paid
away below par. No measure connected
with the last ofthe two objects above
mentioned, was introduced until recently
into the House ofRepresentalives. Should
the Loan bill now pending before that
body pass into law for lis present amount
here would still rsmlin a defct Of $2,.
500 600. It requires no argument to show
that such condition of the Treasury is
incompatible not only with = high state
OF public credit, but with any thing ap,
preaching TO efficiency in the conduct Of
public affairs. Itmust be obvious. even
10 the most inexperienced minds, that, to
say nothing Of any particular exgenCy
actual OF imminent, there should be at
al times in the Treasury Of great nation
with view 10 contingencies Of ordinary
occurrence, a surplus at least equal in
amount 10 the deficiency. But that def.
cheney, serious Is il would be in itself,
will, ] am compelled 10 say, rather be {
increased than diminished, without the |
adoption Of measures adequate to correct
the evil at once. The stagnatiOn of trade
and business, in some degres, incident
to the arrangement Of the national fnan.
ces and the state Of the revenue laws |
holds out but little in prospect Of veler !
in the ordinary course Of things, for some
time 10 GENE.
Under such circumstances, ! am deep. |
ly impressed with the necessity Of meet.
ing the crisis with a vigor and decision
which it imparatiVely demands at the
hands Of all entrusted with the conduct i
Of public affairs. The gravity Of the evil {
calls for remedy prOportioned TO it,
No slight palliatiVes, or occasional expe.
dients, will give the country the relief
Il needs. Such measures on the contra, I
~, will, in the end, as is now manifest to I
al, TOO surely multiply lis embarrass. q
ments. Relying, as ! am bound 10 do
on The representatives. Of People rem. !
l.,.a fi,aattotta ananna nafiooa l,s 4 .