Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1843-03-01
mEssAGE.

D00y ttic totsOWAtS utCeSdSC uOttl TIE ICs
dent Of the United States.
WAsHINGroN, February, IS, lS43.
TO tie House Of Representatives.:
herewith transmit TO the House oi
Representatives a report made TO me on
the 9Th inst, by the Secretary of the
Treasury, on the subject of the present
and prospective condition Of the finances.
Yeu will perceive from il that even il
the receipts from the various sources oil
reyeaue for the current year shall prove
not 70 have been overrated, aud the ex-
reRditures be restrained within the esti.
mates, the Treasury will be ekha ustcd be.
fore the close Of the year; aud that this
will be the case, although authority should
be given 10 the proper Department 10 re.
issue Treasury notes. But the stale oi
facts existing at the present moment can
not fail to awaken doubt whether the
amount of the revenue for the respective
quarters of the year will come up TO the
estimates, nor is il entirely certain that
the expenditures which shall be authori.
zed by Congress may not exceed The az
sregate sum which has hitherto been as.
sumed as the basis Of the Treasury calcu-
lation.
OF all the duties Of the Government,
none is more sacred and imperative than
that Of making adequate and ample pro,
vision for fulfilling with puncluality its
pecuniary engagements and maintaining
the public credit inviolete. Any failure
in this respect, not produced by unforeseen
causes, could only be regarded by our
common constituents as a serious neglect
of the public interests. feel it therefore,
TO be an indispensable obligation, while
so much of the session yet remains unex.
pired as to enable Congress TO give to the
subject The consideration which lis great
importance demands, most earnestly to
call its attention to the propriety of ma
king further provision for the public SER
vice of the year.
The proper objects Of taxation are pc.
culiarly within the discretion Of the Leg
isla,ure, while it is the duty of the Exec.
utive to keep Congress duly advised Of
the state of the Treasury, and to admon.
ish it Of any danger which there may be
ground 10 apprehend of a failure in the
means of meeting the expenditures auth
oTized by law.
ought not therefore to dissemble my
fears that there will be a serious falling
off in the estimated proceeds both of the
custom and the public lands. regard
the evil of disappointment in these res
poets as altogether too great to be risked,
If by any possibility 1t may be entirely OBJ
waited.
While am far from objecting, under
present circumstances, to the reccommen-
dation of the Secretary, that authority be
granted him to reissue Treasury notes as
they shall be redeemed, and 10 other sug-
ges,ions which he has made on this sub
ject. vet it appears ta me 10 be worthy OF
grave consideration whether more per-
,aanen, and certain supplies ought not to
be provided. The issue of one note in
redemption Of another is not the payment
o( a debt, which must be made in the end
t.y some form Of public taxation.
| cannot forbcar 10 adj, that, in coun
try So tall Of resources, of such abundant
,neans, If they be but judIriou.ly called
ont, the revenues Of the Government, il:
credit, and lis ability 10 fulfil all IFS obi
cations, ought not TO be made dependah
on temporary exPedients, or on calcutta
tions of an uncertain character. The
public faith ia tins, as in all things else.
ought TO be placed beyond question anc
beyond contingency.
The necessity OF further and full pro
vision for supplying the wants of tn,
Treasury will be the more urgent, II Con
gress, at this present session, should adop
no plan for facilitating the financial oper
alton Of the Government and improvjn!
the currency Of the country. BY The Az
of \ wise and efficient measure of tha
kind, not ouly wonld the internal busines:
aud prosperity of the country be revived
aud invigorated, bat important addition,
90 the amount of revenue arising from i'm
rortations might also he confidently expect
ed. Not only does the present condition o
eiaings in relation to the currency and com
mercial exchanges produce severe anc
distressing embarrassments in the business
aud pursuits OF individuals. but its obyi