Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1845-03-12

If our laws be Just, and
the government be practically administered
strictlv within the limits Of power prescribed
to tive may discard all app Extensions fox
the safety Of the Union.
With these views o: the nature, characi er
and objects of the government. and the value
Of the Union, shall steadily oppose the Gre
alton OF those institutions and systems which.
Ia their nature, tend II prevent II from It's
legitimate purposes, and make II The instru-
ment OF sections. classes, and ind!Vldutis.
We need no national banks, other extrane-
Gus institutions, planted around the govern
meni TO cont oil or siren lhen I.In opposition
/ TO the will of is authors. Experience has
taught US how unnecessary they are as auXii-
iaries of The public authorities, how lmpotent
for good and how powerful Tor mischief
Ours was intended 10 he pain and frugal
government; and shall regard II t. be my
duty TO recommend 10 Congress. and. as FAR
as the executive is concerned, 10 enforce by
all the means within my power, the strctest
economy IN the expenditure OF the pubic
money, which may be compauGle with the
pubic interests.
A national debt has become almost an III
stiiutlon of European mOnarches. Il IS view
ed IN some of them, an essential prop 10
existing governments. Melancholy Is the Goa
dliion oil that people whose government can
be sustained only by system winch pef2d-
icaIiy transfers large amounts from The labor
Of the MANY the Golfers Of the few. Suca
a system is incompatible with the ends Tor
which our re publican government was nsittu,
ted. Under wise policy. the debts CON
tracted in our revolution, and during the war
Of 1912, have been happily eXtnguIshed.
By iudcous application ct tie revenues,
not required for other necessary purposes, II
is not doubted that The debt which has grown
out OF the circumstances Of the last few years
may be speedily paid OIL
| congratulate nv fe.ow.ci citizens on the en-
tire restoration OF the credit Of the general
government of the Union, and that Of many
of the States. Happy would il be for the III
debted States ii they were freed from their
liabilities, many os which were incautIouSiy
contracted. Although the government oil
the Union is neither IN legal nor a moral
sense bound for the debts al the States. and Ii
would be violation oil our compact oi I mon
10 assume them. vet we cannot but leei
deep interest in seeing AL the States meet
;heir public liabilities, and pay OFT their just
debts. at the earliest practicable PERIOD
That they will do SO, as soon as 1t can be
done without imposing too heavy burdens on
their citizens, there IS no reason 10 doubt.
The sound, moral, and honorable feeiing OF
the people OF the indebted States, cannot he
questioned; and we happy 10 perceive
settled disposition on Their part as ihe'f aoIi-
IL
cuniary embarrassment, to pay oil all Just
demands, and to acquiesce in any reasonable
measures to accomplish that OBJECT.
One of the difficulties which we have had
to encounter in the practical administration OF
the government. consists In the adjustment OF
our revenue laws and the levy OF the taxes
necessary for the support oil government. Ia
the general proposition, that 10 more money
shall be collected than the necessities OF an
economical administration shall require, all
parties seem TO acquesce. Nor does there
seem TO be any material difference OF opinion
as TO the absence of right IN the government
TO tax one section Of our country. or one class
of citizens, or one occupation. for the mere
profit Of another. Justice and sound Lolcy
forbid the federal government to foster one
branch Of Industry 10 the detrnenl 81 anoth-
err or to cherish the interests OF one portion
TO the injury OF another portion OF our com
mon country have heretofore declared TO
my tello w-citizens that. III my judgment, II IS
the duty OF the government 10 extend, as Tar
as it may be practicable u Do 50, ~ rs rev
enue laws. and all other means within Its
power. fair and ust protection y ali the
great interests Of the whole Union. embracing
agriculture. manufactures. the mechanic arts,
commerce., and navigation. have also
declared nv opinion 10 be ''n favor OF tar
I'll Tor revenue and that ia adjusting the
details oil such tarIif. / nave sanctioned SuCl
moderate discriminating duties as would pro.
duce the amount OF revenue needed, and. at
the same time. afford reasonable incidental
protection to cur home industry, and that /
was .opposed TO tariff for protection mere
Is and not for revenue.
The power '',o lay and collect taxes, du-
ties, imposts, and excuses" was an tndls-
pensable one 10 be conferred on the federal
government. which, without II. would pos
sess no means of providing for It's own sup
port. Ia executing this power. by levylng a
tariff Of duties for the support OF govern
ment, the raising Of rerenue should be the ob-