The voice of freedom. [volume] (Montpelier, Vt.) 1839-1848, 1843-12-14

from them contributions TO the public rev
enue in any form. 1t can only recon
4 mend such measures as may, in its opin
ion, be called for by the wants of the pub
lie service, TO Congress, with whom aIon
rests the power to "lay and collect taxes
duties, imposts, and excuses" This du.,
has upon several occasions heretofore beef
performed. The present condition O
things gives a hattering promise tina
trade and commerce are rapidly reviving
and, fortunately for the country, the sour
ces OF revenue have on y TO be opened, ii
order to prove abundant
While we can anticipate no considera.
Bile increase in the proceeds of the sales o.
public lands, for reasons perfectly obvious
TO all, for several years to come, yet the
public lands cannot otherwise than be re-
garded as the foundation of the public
credit. With so large body of the most
fertile lands in the world under the con-
troll and at the disposal of the Governments,
no one can reasonably doubt the entire abil.
ity of the Government to meet its engage
ments under every emergency. In sea.
sons of trial and difficulty similar to those
through which we are passing, The capt.
tails! makes his investment in the Gov
eminent stocks with the most assured con-
fidence OF ultimate reimbursement, and
whatever may be said in period of great
financial prosperity, such as existed for
some years after 1888, should regard it
as suicidica in a season of financial en-
barrassment, eilter to ALLEVIATE the lands
themselves, or the proceeds arising from
their sales. The first and paramount du-
ty OF those to whom may be entrusted the
administration of public affairs, is to guard
the public credit. La re-establishlng the
credit of this central Government, the
reatiest and most obvious mode is
taken to restore the credit of the States
The ex(remitles can on v be made sound
by producing healthy action in the Cen.
trail Government, and the history of the
present day fully establishes the fact, that
an increase in the value of the stocks of
this Government will, in majority Of in
stances, be attended oy an increase in the
1t should, therefore, be a matter of gen.
eral congraluIation that amidst all the EN-.
barrassments arising from surrounding
circumstances, the credit of the Govern.
ment should have been so fully restored
that it has been enabled 10 effect a loan of
seven millions Of dollars TO redeem that
amount of Treasury notes, on terms more
favorable than any that have been offered
for many years. And the six per cent.
stock which was created in 1912, has adj
vanced in the hands ofthe holders to near
|y twenty per cent above its par value.
The confidence of the people in the inleg
riy of their Government has thus been
,ignally manifested.
These opinions relative to the public
ands do not in any manner conflict with
he observance of the most liberal policy
owards those O! our fellow citizens who
press forward into the wilderness and are
he pioneers in the work of its reclama-
ion. ln securing to all such, their rights
If pre-emption, the Government performs
out an act OF retributive justice for suffer-
ngs encountered and hardShips endured,
md finds ample remuneration in the com.
orts which its policy ensures and the
happiness which it imparts.
Should revision of the tariff, with a
view 10 revenue, become necessary in the
estimation of Congress, | doub. not you
will approach the subject with a ust and
regard to the interests of the
whole Uoion. The principles and views
which | have heretofore had occasion 10
submit remain unchanged. 1t can, how.
ever, never be too often repeated, that the
most prominent interest of every impor-
ant pursuit Of life requires, for success,
oermanency and stability in legslalon.-|
These can only be ataind by adopting as
he basis of action, moderation in all things,
which is as indispensably necessary to Sc
;ufe the harmonious action of the pollli-
:al as OF the animal system. In our po-
itical organization, no one section of the
country should desire to have its supposed
interests advanced at the sacrifice of all
,thers; but union being the great inter-
st, equally precious to all, should be fost-
cred and sustained by mutual concessions,
md the cultivation of that spirit Of COM
promise from which the Constitution it.
self proceeded.
You will be informed, by the report
rom the Treasury Department, of the
measures taken under the act of the
asst sessions authorizing the reissue of
reasury notes in lieu of those then out
The system adopted, in pursu-
lnce of existing laws, seems we'll calcula.
ed TO save the country large amount
IF interest, while it affords conveniences,
md obviates dlngers'and expense ia the
of funds to dsbursin9 agents.
refer YOU, also, 10 that report, for the
means proposed by the Secretary TO in
crease the revenue, and particularly TO
hat portion of it which relates 10 the sub,
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