Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1842-03-31
Massage from the President,

YIN fC oi hiG VT ihE NoCNihi :
Tho @1ollowing important Message wa
comm Heated to Congress, by the President
las, Fadoy.
TO The Senate and House of R'prrseniaiip G.
orhe United Siafes:
II Not z1standng the urgency with whlcl
II | havcyh more than one occasion. felt 1t IN,
duty itprcss upon Congress the necessity o
prov:dkg the Government with the means o
discht Hig It's debts, aud maintaining invio
late pnbic faith, The increasing embar
rassms of .he Treasury, impose upon NJ
the id pcnsablc obligation Of again inviting
your M serious attention To the condition
Of the nces. Fortunately for myself, il
thus b Rng this important subject to You
yiew b-liberats aad.consprc4,enssge ess
| annoilynoi il IN all It's bearings, and trus
/ 1 may AID for final adjustment of it, to ih'
colnnoH odvantag Of the whole Union, an
permitted TO upprooch il with perfect freedom
and cakd kdor. AS few of tie burdens fo
! which pfovision is now required to be made
have BEEN brought upon the country during
! my sho1 administration Of its affairs, have
! neither botive nor wish To make them mat
ter Of elimination against any of NY prede
ccssors. J am disposed TO regard, as nn
Bound tUtrcat them, as facts, which canno
now be nndone, and as deeply interesting Il
us all, and equally imposing upon oil, Tho
/ most so.cmn duties. And The only use
would make of The errors Of the past, is, by
/ careful examination Of their causes and char
! ac,ci, TO ayold, If possible, the repetition %
them in future. The condition of the coun
! try indeed, is such as may well arrest III,
conflict Of parties. The conviction seems a
/ length To have made its way To the minds o
| all, that the disproporlion between the publ,
! responsibilities, and the means provided fol
| meeting them, is no casual nor transient evil
| II rs on the contrary, one which must, fo
some years to come, notwithstanding a resoi
! to al! reasonable rctrenchments, and the con
slant progress Of the country in population
and productive power, continue to incicas,
! under existing laws, unless we consent I,
| give up or imp,ir oil our deicnccs in war aDt
! peace. But this Is thought which an
! persuaded no patriotic mind would, for n mo
mcnt entertain. Without affecting an alarm
! which ] do not feel, IN regard to our lore,gl
relations, II may safely be affirmed. that the,
are IN a state too critlcn and involve TOO many
Inomcntous issues 10 permit us to neglect il
the lcnst, much less TO abandon entirely, those
means of asserting our rights, without whicl
negotiation is without dignity, and pcac,
without security.
II In ihr Report Of the Secretary Of the Trcn
sury, submitted to Congress at the com
menccmcnt OF the present session, it is cst
mated iha, after cxhaus,ing all the probabl,
RESOURCES of the year. there will remain
dclici, of about $l4,CO00C0. With view
partly to n permanent system Of revenue, an,
pn,tlv 10 b,,t r.linG In n,l
barrassmeW, that officer recommended, to
! gcihcr wit plan for establishing n Govern
ment ExclXluer, some xpcdien,s of q mor,
--s~-corot6rliar VIZ: the. issuing q
! Treasury notes, aud The extension of ih,
time Tor which the loan, authorized to b,
negotiated by the act Of the last session
should be taken. Congress accordingly pro
! yldcd for an issue of Treasury notes TO tn,
amount Of 100000 but subject to the con
! dnion that they should not be paid away be
low par. No measure connected with th,
| last of the two objects above mentioned, wa
introduced until recently into the House o
! Representatives. Should the Loan bill now
! pending belo:c that body, pass into law fo
! It's present amount, there would still rcmail
deficit Of S25O0,0O0. II requires no argu
/ mcnl To show that such n condition Of Tho
/ Treasury is Incompatible not only with higi
state OF public credit, but with any thing ap
| preaching to efficiency in the conduct Of pub
lie affairs Ii must be obvious, even TO the
most inexperienced minds, thnt, TO say moth
ing Of any particular cxigcncy, actual or i'm.
mlncn', there should be at oil times in tn,
! Treasury OF great nation, with view Il
contingencies of ordinary occurrence, n sur.
plus at least equal in amount TO the dehclen-
| cy. But that deficiency, serious as II wouIt
be IN itself, WILL am compelled TO say, ralhel
be increased than diminished, without the
adoption Of measures adequate to correct III,
evil az once. The stagnuton of trade ant
business, in some degree, incident to the dc
rangemem Of the national finances and th,
state Of the revenue laws, holds out but It'll,
in prospect of relief, in the ordinary course
of things, for some time to come.
II Under such circumstances, ] am dcepl,
impressed with the necessity of meeting ih'
crisis with vlgor aud decision which it i'm
pcralively demands at the hands Of all en-
trusted with the conduct OF public AFFAIRS
! The gravity of The evil calls for a remed
propOrlioned TO it.. No slight palllatives, o
occasional expedlenls, will give the countr,
J the relief il needs. Such measures, on tn
] contrary. will, in the end, as is now maniles
4 to all, too surely multiply It's embarrassment
!. RELYING, as am bound to do, on the Rep
rceentaliyes Of People rendered llusiriou
among nations, by having paid off the Who'll
OF It's public debt shall not shrink from th
responsibility imposed upon inc by the Con
stlution, of pointing out such measures a
will, IN my opinion, ensure adequate relief
am the more encouraged To recommend th
course which necessity eXacts, by the conf
dcnce which have III lis complete success
The resources OF the country, in every thin
that constitutes the wealth aud strength {
nations, arc 40 abundant, the spirit of a moi
Industrious, cnterprsiEg, and intelligent Pee
pie. is so energetic aud elastic, that the GC
veTnment will be without the shadow OF G,
cuse for ns delinquency, 1t the dlilicultlt
which now perplcX and embarrass 1t, be M
speedily aud cifectualy removed.
From present Indications, IT is hnrdl
doubtful that Congress will iind irnccessar
to lay on additional duties on imports in or6,
to meet the ordinary cure nj expenses of ii
, Gov. rnment. IN the exercise OF sOut
discrimination, having reference To rcvenu
but M the same time necessarily aiiordln
Incidental protccilo To manufacturing II
dnsiry. 1t seems equally probable that du,l'
on somc articles Of importation will have
be- advanced above 20 per cent. In perform
lng this important work of revising the tar
Of duties, which IN the present cmcrgcnc
would seem TO be- indispensable, cannot I,
strongly recommend the cultivation OF a spi
II Of mutual harmony aud concession,
which ths Government itself owes its orIgi
and without the continual exercise Of whlc
parting aud dlscord would universally pr
vail
An additional reason Cor the increase
duties ~ some instances beyond the rate
20 per cent, will exist IN iuiliilng the 2
commendations already made, and now r
...I A. ...I,,c aH.,u,ta nnnronriat "A