Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1843-02-24

the removal Of Calvin Blythe, TO give place tc
Jonathan Roberts.
The Army bill was taken up in Committed
of the Whole. The amendment of the Senate
appropriating $4,000 for meteorological obscr.
vaions, was rejected by vote Of rs to II.
Stale of The Treasury.
On the suggestion of Mr. Wise, the Speaker
laid before the House the following message
from John Tyler:
Washington, February IS, 1s4S.
To The House of Representatives.:
! herewith transmit to the House Of Repre-
sentaiives a report made TO me on the 9th in
stant by the Secretary Of the Treasury, on the
subject Of the present and prospective condition
Of the finances.
| You will perceive from it that even if the re-
cepts from the various sources of revenue for
the current year shall prove not TO have been
overrated, and the expenditures be restrained
within the estimates, the Treasury will be eX-
hausted before the close of the year; and that
this will be the case, although authority should
be given TO the proper Department TO reissue
Treasury notes. But the state of facts existing
at the present moment cannot fail To awaken
n doubt whether the amount of the revenue for
the respective quarters Of the year will come
up to the estimates, nor is it entirely cert ain
that the expenditures which will be authorized
by Congress may not exceed the aggregate
sum which has hitherto been assumed as the
basis of the Treasury calculations.
OF all the duties Of the government, none is
more sacred and imperative than that of ma-
king adequate and ample provision for fulfilling
with punctuality its pecuniary engagements
and maintaining the public credit inviolate.-
Any failure in this respect, not produced by I'M
loreseen causes, could only be regarded by our
common constituents as a serious neglect of the
public interests. feel it, therefore, 10 be an
indispensable obligation, while SO much of the
session yet remains uneXpired as to enable Con-
gress to give to the subject the consideration
which its great importance demands, most ear
nestly TO call its attention to the prnpriety of
making further provision for the public service
of The year.
The proper objects of taxation are peculiarly
within the discretion of the Legislature while
II is the duty of the Executive to keep Con-
greSs duly advised of the state of the Treasury
and 10 admonish il of any danger which there
may be ground to apprehend of failure in the
means OF meeting the expenditures authorized
by law.
ought not therefore to dssembe my fears
that there will he serious falling off in the es-
timatcd proceeds both of the customs and the
public lands. regard the evil of diSapponl-
ment in these respects as altogether too great
to be risked, il by any possibility it may be en-
tireIy obviated
While | am far from objecting, under present
circumstances, to the recommendation of the
Secretary, that authority be granted him to
fe-issue Treasury notes as they shall be re-
deemed, and to other suggestions which he has
made on this subject, yet il appears tome to De
worthy Of grave consideration whether more
permanent and certain supplies ought not 10 be
PROVIDED. The issue of one note in redemption |
oil another is not the payment OF debt, which |
must be made in the end by some form of pub |
lie taxation.
cannot loIbear to add, that, in country so
full of resources, of such abundant means, il |
they be but udiciously called out, the revenues
of the government, lis credit and its ability 10
fulfil all its obligations, Ought not TO be made |
dependant on temporary expedients, or on cal |
culations OF an uncertain character. The pub
lie faith in this, as in all things else, ought TO
be placed beyond question and beyond contin-
gency
The necessity of further and full provision
Tor supplying the wants of the Treasury will
be the more urgent, if Congress, a, this pres
ent session, should adopt no plan for facilitating
The financial operation OF the government and
improving the currency Of the country. BY
The aid of "a wise and efficient measure Of that
kind, not only would the internal business and
1rated, but important additions to the amount
'f revenue arising from importations might al
80 be confidently expected. Not only does the
present condition OF things in relation to the
currency and commercial exchanges produce
severe and distressing embarrassments in The
business and pursuits OF individuals, but its OBJ
ilous tendency is to create also a necessity for
he imposition Of new burdens of taxation, in
'rder to secure the government and the coun-
ry against discredt, from the failure of means
o fulfil the public engagements.
JOHN TYLER.
Treasury DEPARTMENT, Feb. 0, IS43.
Sir: Pursuant TO your direction, have the
lonor TO submit my view Of the prospective ,
condition of this Department for the current
rear: n.
The balance in the Treasury on the LIST of jan
uary last, appears, as well as can be ascer-
tanned at this time, TO have been
$3.50, 04l 70
The estimated receipts during
he year 1913, are as lollows a
Customs, $IS,Oo0,OOO 90
Lands, $500, 900 90
Miscellaneous
ources, 1901 90
Loan and Treas
Try Notes, 4,SSS, 1858 Sc
.d aea .a $40, 4s3, 1853 Sc
Aggregate of means, 90, s29, 400 O9
The estimate of expenditure
Turing The year is as follows:
Civil and miscel-
aneous, 4445I2900
Military services O O96 d0S OO