Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-29

To Me Senate and House OF EfpTeStHfahcfS ~ INC l. %
| Notwithstanding the urgency with which have on
more than one occasion felt it my duty TO press upon
Congress- the necessity of providing the Government
with the means Of dischnrgng its debts and MAINTAIN
ing inYoIate Tie public faith, the increasing enibar
easements of the Treasury impose upon me the nd's
pc nsable obligation of again inviting your most serious
attention 10 the condition Of the finances. Fortunate
" for myself thus bringing this important subject to
your earnest view for deliberate and comprehensive
examination in all lis bearings, and, trust may add
for final adjustment Of 1t, 10 the common advantage
OF the whole Union, am permitted to approach 1t with
nrrC,ct freedom and candor. As lew of the burdens
| for which provision is required to be made have
been brought upon the country during my short admin
,strat;on of its affairs, have neither motive nor wish
10 make them matter Of elimination against any OF my
predecessors am disposed To regard, rs ain bound
to treat them, as facts which cannot now be undone,
and os deeply interesting 10 a and equally imposing
upon all the most solemn duties, and the only use wouo
make ohe errors ofthe past by careful examination
of their and character, TO avoid possible repe-
ttion Of them in future The condition Of the country
indeed is such as may we'll arrest the conflict parties
The conviction at length to have made lis way 10
the minds of ALL that the disproporon between the re-
sponsbtcs and the means provided for meeting them
no casual transient evil It's, on the contrary, one
which, FOR years 10 come, notwithstanding aresorl
To all reasonable retIcnchments and the constant pro-
eress of the country population and productive pow
err must continue increase under existing laws I'M
less We TO give mp or impair all our oeiences
! in war and peace But this IS thought which am
pcrsuaded no patriotic mind would Tor a moment enter
| rain Without affecting alarm which do not feel
in regard to our foreign relations, may be safely affirm
ed that they are in state critical and involve too
many monentGus issues to permit Us TO neglect III the
least much less TO abandon entirely those means oil as
sorting rights, without which negotiation Is without
dignity and peace without security.
In the Report of the Secretary OF the treasury sun
mitied to CONGRESS at the commencement Of the pre-.
snnt session il is estimated that, after exhansting all
the probable Of The year, there VIII remain
deficit Of about SlI,D00,G COO With view partly 10
permaucnt system of revenue, and partly TO Imined.
mic relief from actual embarrassment, that officer re-
commended together with plan lot establishing
Government Exchequer, some exped;enis oil more
temporary character, the issuing Of treasury notes.
and The extension Of the time tor which The loan ou'
orzed to he negotiated by the act OF the last session
should be taken. Congress accordingly provided Tor
al issue Of Treasury notes 10 the amount OF So0Ooooo
bat subject to The condition that they should not be PAID
! ray below par
10 measure connected with the last Of the two OBJ
rcts above mentioned, was introduced until recently
INTO The House of Representatives. Should the loan
b,l now pending before that body pass INTO law Tor
lis present amount, there would still remain aec OF
~ 800 0GO II requires argument 10 show that such
condition of the Treasury " Incompatible nov Dny
with high state of public credit, but with any lh'ng
approaching 10 efficiency in the conduct OF puoi'c al
fairs II must be obvious, even to the most 'he@pe-
rienced minds, that, TO say nothing Of any particular
exigency, actual or IMMINENT there should NC II al
times in the Treasury of great nation with view 10
contingencies Of ordinary occurrence surplus al eas'
equal in amount; the above deficiency But that de'
fciency, serious as would be in ITSELF will am com
pecd 10 saw rather be increased than dmin'sheo'
without the adoption Of measures adequate 10 correct
the evil at once. The slagnation Of trade ana onsl,
ness in some degree, incident to the arrangement o.
the national finances, and the state OF the revenue
laws holds out but little prospect OF relie' IN the o'd-
nary course of things for some time to come:
| Under such circumstances, am deeply impressed
with the necessity of meeting The CRISIS WIN vg9l
and decision which it mpe,a,ivey demands a. Inc oaras
of all entrusted with the conduct opub''c AFFAIRS ne
gravity of the evil calls for remedy propotoneo &c
] it, No slight paatives occasional eIpeoiehts wiz
give the country the relief needs Such measures
on the contrary will, in The end, as no" mdnes. It
all too surely multiply its embarrassmens he1y ing
as am bound do, the natives oil reop"
rendered ilustrous among nations by having paid OF
its whole public debt shall not shrink from me re
spon,bility imposed upon ne by the Constitution 0
pointing out such as will IN my opinion en-
sure adequate relief am The more encouraged 10 re
commend the course which necessity exacts oy III
confidence which have in its complete success. n
resources of the country every thing thst constitute
the wealth and strength of nations are So abundant
III. spiri. of most Industrious enerprslng ana ~
tel;gent people is energetic and elastic, that IN
Government will be without the shadow OF excuse 'e