The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-06
THE UNION.

amounted the 9th Of July last to about sos, 700 900
but by the purchase of about half million of funded
stock OF the United Stales the debt has been reduced In
that amount, and is very little than sos 900.
OF this debt, forming does almost Insignificant
in comparison with the immense and incacuable value
of the acquisitions which has gained for u.s. the Prssi
dent again and most earnestly urges the earliest pactca
BILE payment and recommends 10 Congress that such pay
ment should be cardinal point of their public policy
involving, of course, economy all expenditures, and
their confinement TO such necessary objects clearly
within their constitutional powers To the wisdom and
patriotism OF this recommendation every patriotic Amer
can should cordially respond
In the existing tariff no alteration is re-
commended. 1t has increased our revenue. 1, has
widely extended II has carried our
treasury in high credit through distant and foreign
war 1t has sustained our national prosperity in the
midst OF the political and commercial commissions of
Europe. Nor has the constitutional treasury, suscep.
tible though it may be of some useful modifca-
tons, such have heretofore been recommended
by the President and Secretary of the Treasury worked
less admirably 1t has preserved us from commercial
fluctuations during periods OF immense influx and reux
OF specie consequent upon the condition of European
markets 1t has disbursed specie from the treasury
Wllnm years, tnan so ulSDuTSeu during The
fifty years previous 1t has conducted the fnan-
cal operations of the government during period of
without the less of dollar and with war loans always
at premium In these facts, say nothing of IFS other
advantages powerfully and convncngly insisted on in
the ssage surely may be abundant reason why
such system should not be abandoned.
We have left ourselves but small space in which to
speak of that latter portion of the message which devo
ted to the discussion of the socalled american system
and the veto power We shall hardly venture fully to
express our admiration of the power. originality, and
concusveness with which these great subject. dis
cussed by the President We call to mind no similar
passage in any American State paper, which is ad.
mirably conceived and executed which deem better
fitted to produce profound and permanent impression
upon the public mind To this portion OF the message we
invoke the attention of our readers 1t demonstrates
with unequaled cleaness and force the soundness and
the vital importance Of those fundamental principles
of the democratic policy, of the working of which the
statements contained in its earlier portion present glor
Gus an illustration.
When before has any administration in any country,
the of its retirement from power, prepared to
der up to its he egers of the nation with
imposing exhibition of triumph and in every
great department of the national affairs When has any
administration at such period left behind it brighter
record OF achievement, prouder title to historic enown
or more luminous development of the truth of the great
principles to which its action and policy have been
formed