Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1848-12-11

3n> OF dhs!s, rs was he during iae # l. :.
maS hayc been slc ,e IN d.sUIu upu hans and ~
he deprecated ,aper currency VII en- The 1overn Ell
would have been compelled % use. Uuder The opera
tons " TIE Constitutional treasury. anita tar h1s ta-t
I'LL. 5r tie te?reci7ien i ths currency II.r uans r.
iit-l IN prosecute tL1 with Mexico were neg
~ i4 Secretary If The Treasury above par rea rim
arg Pre'"IuG 10 the government. Inc RESTRAINING eff
lct e ta sTs''a The tendencies excc~-.ye papo
lsssls 31aA5. .as slreC ine government f0, .lar
ses AL thousands If business men from 5auk!unt
~ a.l ruln Tie wisdom # the system. has 5aen Test
M ay H experience the last two years and il il the
ra sound plicy that il should remain uudisinrb4d
Ihr irld citiups II iha details VI tits measure
lily llal Of is essential principles, mrrt,tore re
comm nted, are again presented ior your favorable
siirratan
H. my message of the sixth # Jay list. transmitting
To- Con-rcs the ra'if-d treaty of peace with Mexico
REQ Hnrn-d ihe al pon Of measue>fr he speedy pay
ment VI ie public DEBT. In rrItrTaiing that
Ian, retr you 10 the cJnsiter4Iluis presented that
message ID is support. The public deb: including that
authorized TO be negotiated IN pursuance IT existing laws,
and Including treasury notes. Amounted at that time 10
sixty FIVE million seven hundred and seventy eight ous
mad four hundred and 6iy dollars and Jry cens.
Funded stock Of tho United States ,amouning 10 a5ut
halt million of dollars has been purchased. anthorlz-
by law that period, and the ubc debt has Thus
been reduced the details Of which will be presented in
tile annual renr If tile Secretary IF the Treasury.
1he csmatcs If expenditures IT the next fiscal year.
submitted Jy the Secretary Of the Treasury. il is ,eey
ed vil a anal IL tor all necessary purposes Ii jhe APP
preparations made ~ Congress shall mot exceed the a
JuGCt estimated & means ia th' treasury ii be suli
drav 2l Ire expens e tho government TO raw
o.i the next Jus men. 81 three millions Of dollars to
MeAcj, winch All fall due on the thiuieh Of Nav
nAf. anu s'lii considerable surplus will rcrualn which
siJI applied tile further purchase It the public
stuck ana reduction Of the debit
Should enlarged appropriations be made. the necessary
cons qufnce Will be 10 postpone the payment Of the debt.
mugh our debt, as compared with that If other
nations Is small. 1t Is our true policy. and harmony
with the genius Of our institutions. that should present
To the world the rare spectacle Of great reprblic pos
sessng vast resources and wealth, wholly exempt from
public Indebtedness. This would AID still more 10 our
strength and Give still more commanding position
mong the nations Of the earth.
The public expenditures uld be economical, and be
confined To such Necessary obi CTS as are clearly within
the powers Of Corgres All such not absolutely
demanded should be postponed, and the payment If the
public debt at the earliest practicable period, should be
cardinal principle Of public policy.
Fur The Tcas assigned in my last annual message,
repeat thr recommendation. that branch Of the mint Of
lie United States be esabsht At the city If New York
HE Importance If this Measure is greatly increased BY
the acquisition Of the rich mines Of The pcc ais
in New Mexico and California, and especially in the lat
'c~.
repeat the recommendations ho7c,ufre made in "a
yo-t the graduation and reduction Of The price Of the pub
lib lands d. lave been long offered la The market AMI
rights pr. euftuu tI aetna settlers 0n the uasuryeyeG
Wc as AK surveyed lands.
Inc co"''''oH ~" ol'Ia't,s % 'i.e army, ana tle
S," oeL "1''c.e' "i H7 pI'a service uhdet tile SUI
Pe''Slo Oh me war department. are SATISFACTORILY
9'1- III 'lic accompanying irP"lto vi me 0ecfed!y o
W.T.
y" IHe 'e'u'" u peace our i"lceS were "ihufaWh
H"A 'i'Aco' a"u lNe volunteers ald tal pofuoh q ho
I'-u,l Ai'"S e'-d7eu III .ne W.T. "'Io cisoahutp ~
ue'7 Hill IN I77Ueu ~ s''o'i9 III i!c's q ut Psl
1't''' q various PIT I'oiIS Y oIi eAeHueu
county NHeIe ''''I9 may pe ltluHeu oNl"4 10 lae
ieio'l'eS VI Soo VI tese ioSi'io,S' I'VE ue'dIiiens
N"o i ' ne. i w i"''i'"' -'o"i'i'"'Iu'is '
y, 'e iii's "a cui country anu tiG Hices re-
fu'.eu ~ 'o ''" .'iI'o'e, - - c''iu'5 neiio'u r
~ ~ i J ~ t 7 ~ " "
= ~ = ~ lS'eiui 'e~'i'''' i'i'ln ~
olSlu!or' u.
Nj III ''''o'''t 7 nil"iy oo:ioO'1u -
49,, ~ ' = . ~ "'ipi'u ~ - ''''o 'l'''
s'Iu o' l.oi. l"G my up''' " &c 'l'eu "M"lus
'V '' VI ,, if. iSl'''e''' uut u''otl 'ie '
N'.. i-A , ne h sun W ',ee u'u'Gu li,u
'' A nv NUM-" '',u 9iA ''0 "Ii''S
'' -'' ' Log ~ " i~ '.' M "'d'r % '
Tilt 49,. i IL ''Is :, Ii
'1 .o' IN III y ~ o'''0O'"., "
"1 ~ ~ IL Piuo'1,il'lo n" y Pea, ~ '"i
''. ~ o.'"t "eio mace " my u' Ai'Nueu l'
Al:s''s i'o'I ''''s S','e; nc oaI'cg3 "a n''.
70 Oe 1'l mo 'ie !ie9ui 'I Ipl' pu1
o' " ~ IFia 'J"9'eu ui'i s'.A'' u'''i
iA7 Fl !e''i''' anu pay ie ie'e ciaiis die i'o
S'ro IL, " ,a o. a'n''n' a..
'S''''e"u ~ 3ui i"s,aole cVneuei"'ion '''e SUI
Sts'oS " 'o " " al Iu 'ie oeoie'1i' % 'iie
Navy II regard % Legislation on ms SUBJECT.
'ui i'uah feia'ols are presented ~ most 1a'oranle
view n The report from the War Department The