Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1848-01-13
Governors Message,
Gentlemen cffLe Senate and Of
The Ho,tse nf Renra...f.t:-

he
1t becomes my duty duty which is regretted was pre
vented from performing previous to your ae nv
severe bodily injury the result of recent accident 10 COM
mnniese TO you the condition Of the commonwealth and 20
suggest such measures seem to no dsardd To- III
preservation and increase of the public welfare In don
So affords me heartfelt pleasure to congratulate YOU
upon INC genera prosperity which has prevailed within our
borders during the past year. We enjoyed the blessings
OF hesth IN an unusual degree the Of the I
mas Oen maintained and the labor Of the husbandman has
oeen oounuy rewarded by uxurant crops which he has
been enabled 10 dispose of at prices thus giving TO-
newed impulse to business Of every description Evidences
oil great improvement IN the condition of the peonle ara
wnere visible Our cities and steadily
In wealth and population, the pmevaI forests which
SUI cover large portion OF the country are RAPIDLY dap
pearing To give place to the rich products which are d
by the hand Of industry from generous and fer,; ;i
For these and the numbeTess other ADVANTAGES ue or
owe nnoounded gratitude to God in whose hands the de
nies OF nations who has placed US of religion liberty
and plenty; thus enabling advance our mora md I
condition, and 10 acquire that political and phycal
denee, from which large proportion of the human family
is debarred 1t becomes US therefore 10 acknowsd ~
goodness with suitable reverence and 10 invoke cont;n
ence o. ms blessings upon our beloved country upon
our efforts to discharge with fidelity trusts which have
been committed TO us The increased prosperity Of the
Try, cannot but think is under Divine Providence in
great measure to be attributed to change in the policy
oil The general government Of the Union with regard 10
commerce with foreign nations The repeal Of the bigb
oil 1872 and the adoption of liberal system OF duties
by the act Of 1885, has only had the effect of nodncn
an increase oil revenue 10 the national treasury but AN in
crease OF profits to the agricuus This class of opr fell
low czens constituting the main foundation of our national
IN
commerce al home aud abroad been enabled find market
for greater proportion of surplus products than bc
could otherwise have disposed Of TO advantage Making
every allowance for any influence prices which have
been produced by Of unusual scarcy in Furona
Yet when consider great soeyer NAV no the
necessity OF the people OF other Countries their ability To
purchase food from is limited by their ability TO nav for
it by the produce of their labor evident fba
restriction which prevents from receiving such produce in
return, must reduce the quantity value of that which thew
receive from u.s. Happily for all paesfor The over-po-
ducer Of own country well starving
abToad-upon the occurrence Of general failure of the
crops IN Europe IN 1876, the restrictions which had formerly
existed in removed and we wore n,e
pared reap the full benefit of the increased demand Inns
created IL TO be remarked also, that while those en-
gagged IN the cultivation of soil have SO greatly
benefited by the opening of foreign market the manuc-
turing and commercial classes have enioyed at least their
full share Of the common prosperity The increase of
manufactures and Of manufacturing and commercial canta
since the passage OF the comparatively low tariff Of IS46
proves that these interests most fou,sbing cond;
tcn. In fact The agricultural so greatly nredom
mates in this country that most others in great degree
dependent upon IT, and must extent flourish or
gush that becomes prosperous depressed Indiana il
especially agricultural State and it is of the utmost i'm
porance to our citizens that the sound and enlightened policy
Of low duties tari-of striking off all estric
tons upon trade not required BY the of the public
suTy, economically administered should continue In be
maintained Many Of fellow citizens who entertained
serious appehensons that the establishment of This noc
would be augh with great evil if with ruin to most
Of leading interests, doubtless gratied 10 find
length that their appTehensions only wbou foun
daon but that the very is true. II affords me sin
greater pleasure 10 be able 10 remark
Of prosperity appears to be founded at least to far
greater extent than heretofore upon solid and substantial
basis. 1t was not brought about merely by wild and
cxtravsgaDt spirit of speculation BY similar
of the currency, but mainly by the gradual and Wholesome
operations of profitable trade confined within lis
channels. There Is now great banking institution under
national authority OveTshadOwng all the other monetary in
stuions of the country capable of welding an almost
sisiibe political powell, and able, by of vast
and the control Of The national treasury ITSELF contract
or expand the amount OF currency in circulation throughout
the entire county, and consequently cause the prices OF
every kind Of property rise fall might supply or
withdraw the means Of payment. Since the existence NJ
the last institution of the kind in The United St,o ~
years elapsed and more than six since ire
gantc substitute under the name created by the eg
Isure of sister Stale, ceased its operations as bank Of
circulation The whole country since their extinction ma.
steadily advancing from adversely 10 and
subsequent experience has, it is believed been long
enough to settle the much agaed question how far su
institution necessary the trade the poductveness
the enterprise the general welfare of the country
The constitutional treasury by which the collection
and disbursement OF the national revenue are entrey
disconnected from banking operations, has been i'm
full operation more than twelve months Yet tho IN.
conveniences which many no doubt honestly appre-
hended from the absence of National Bank and the
establishment Of an independent treasury. have moi
been experienced On the contrary. during the time
which has elapsed since Its establishment the largely
Increased disbursements rendered necessary Inv The
listing war, have been made through its agency at va
rious and distant points without loss and with the re
quisie ease and prompttude. A far greater amount
of guild and silver Is infused into all the the channel.
of circulation, than ut any former period of tho
history of our country Exchanges upon all pont.
uniform, cheap and readily be obtained aud il
these respects they favoraby contrast it is believed
with those Of any time during the sway of a Bank ri
the United States They based upon fictitious
movements of Bank credit, but upon the true and on,
sound principle upon which they can be well repula
ted. namely, upon actual business transactions be-
tween different sections of the country When it i
considered that during the experimental operation O
these leading measures of national policy il has beer
their lot encounter the adverse influences of for
eign war, which cannot fail more or less TO affect IN,
trade, and resources of country their intrinsic NOR
its and the wisdom of their adoption must be sill
more manifest. In fine, every thing indicates tina
the present appearance of financial Improvement
throughout the country. is illusion, and that a fai
promise is afforded of its being substantial and per
Inanent Nevertheless it should be remembered tina
wien the tide of prosperity is swelling its creates
height there is the greatest need of caution The ir
repressibe energy and love of enterprise of the Anne
rican people. apt to induce Them when fred wit
success, to evereap the bounds of prudence and fa
into extravaganza and rulnous specuations. The sur
and the only sure remedy against this Threatening
evil, Is the observance OF economy and industry an
above AL TO resist the duureents of credit Occasio
taken IN former communications express m
serious convictions that the observance of this caution
is essential to the continuance of our welfare an
prosperity. Impeiled by 6al regard for the State
which is the seat OF my home and of nv attachments
end which has laid me under deep and renewed obi
cations, cannot omit, in this crisis of our affairs
once more caution my fellow citizens against n prac
tice, which experience has proven to be frauobt wit
ruin II is earnestly to be hoped that while they in
dustriOusy and vigorously improve the advantage
that now within their reach. they will be stuff