The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-07-19

For us, there is no blemsh upon the war with Mexi.
col il is all brightness In its principles, its origin. its
instruments ats character its designs and its end, there
nothing regret only thai displaced the ines
mabe blessing and whiterobed innocence of peace. Ii in
the ceaseess human events the oil war be
ayodabe ii the genius OF universal brotherhood breath
ing and growing through our institutions cannot prevent
its being forced upon by Others let posteny be CRATE
full TO Providence should It's features and conduct make
counterpart OF that which the late President so ably
managed What were its fruits Some were certainly
bitter enough and common to all beilgerent action
erng and blasting the dearest ties and ondest hopes OF
affections yet these in extent and form unusu-
ally restricted and mhgaed Although do not rank
valuable the acquired privilege to vaunt prowess,
do rank as priceless the poiracted peace which know
edge by others OF real though latent power
leave us--the undsturbed and expanding commerce and
intercourse apt to follow in the train OF social dignity
and the example. first and alone set by America OF war
Invested OF intolerance, rapne eachery, Righteousness,
or injustice Nor those who iairly appreciate the
ameorang influence OF our religious and educational hab.
its race OF eagerness TO elevate the condition and
perfect the happiness OF humanity contemplate without
pride and hope the realms, hitherto derelic and savage
now opened TO our enterprise and conceded to the dis
semlnaioa Of our bibles our schools our poughs our
crucble OF war such pure and permanent depostes
these may be pardoned they forget in the success OF
their ordeal its nseparabe solicitudes and suferngs
Posterity will probably acknowledge from the admin.
istraton OF the late President, civil benefit equal to If
not greater than the consequences OF his trumphs in
arms Such at least will be the case, il the progressive
principles OF that class OF citizens, at whose invitation
am speaking, continue, they long have continued, to
receive the sanctions OF time and trial refer to the
established and well tested system Of obtaining adequate
revenue by moderate duties Imports The relations OF
communities and the dependencies Of social and domestic
life, may possibly in some remote future, undergo vital
changes and exact at the hands Of caution and bensvo-
lence retrograde march, with system OF repulsive,
almost feudal and castellated intrenchment. While,
however, the spread Of life, liberty, and the pursuit OF
forts and enioyments of the great masses the true path
to all the blessings Of universal civilization and uni
versal Of mingled fraternity and independence,
bs ey truth sna na,ros Eshos,ad e ths
utmost care, they have worked with the utmost
Three years have thrown everywhere the proofs OF their
equalized individuals would seem, almost in the
ratio, to augment the national means. We have as 1t
were been made to steer away from the Swallowing
hs aed Of an
open sea AS from age TO age, from year TO year, we
gradually reached in defiance Of plausible breads, and
ultimately, notwithstanding partial disadvantages and
mlsgivngs, Ind the true solution OF the taxprobem in
releasing trade from every unnecessary fe,ter or ncum
brance
was the revival OF the mode OF keeping and dsbursng
the public money, in operation. In his first message
TO the legislative body on the I'd Of December ls45 alter
some brief but forcbe reasoning he used the following
expressions Entertaining the opinion that the separa
ton OF the moneys OF the government from banking instl
uuons Is indispensable for the safety OF the funds of the
Congress that provision be made by law for such separa
ton, and that constitutional treasury be created for the
safe. keeping Of the public money" In his estimation
the fundamental charter contemplated the creation OF
public treasury, in which the public money should be
kept from the period of collection until needed Tor public
uses, and that to connde Its custody to banks, OF one
description or another, most OF which had heretofore
proved "faithess endangered its loss by their employ
ing il in discounts and loans, and deviation from
the warrant and intent of the constitution. Ii is true,
this conception did not originate with himself First
n
the House OF Representatives, on the Sd OF January,
1885, by Mr.. Gamble, Of Georgia, il was accepted,
Van Buren,; after the general suspension of specie
%stured and sysemai!sed for legislative enactment BY
the profound, comprehensive practical mind of Silas
Wnght-was resisted in its progress BY the united force
OF ability and party, and was only first made law the
4th Of July, isio Then, too. it had time to exhibit
more than the faeriAg steps Of infancy. when il was
struck by the blow OF repeal the 18th Of August ls4l
Whether in every possible aspect OF commercial business
anu no more u ana secure
qulry which involves considerations alike complex and
delicate Thus far the solidy, stability, and composure
Of mpnsyed Transactions in general seem to have re-
through It's means, met even the dlsquetudes and emer
gencies OF foreign war; without loss embarrassment
arrangement has direct bearings than this upon the
relations between the political and the money power OF
free people relations which, il they cannot be who'll
Erred should never Be ish!s1sd but Tor The oene-
When the constitutional treasury shall have become IA
miar its form and effects, TO our practical habits and
prudent reflections, is difficult TO doubt that must be
regarded with entire unanmity a monument OF wisdom
and patriotism, enttlins its inventive trainers and its
persevering founders TO the warm gratitude OF their
country.
Among the great and lasting administrative improve
ments introduced by the late President there which
must be permitted 70 mention, seemingly subsevient
commercial interests ony, but by its necessary operation
contributing in fact 10 the advancement OF others, and
especially to the hrmness and safety Of manufacturing
earliest period OF government the laws which regu.
lated the collection OF revenue from customs allowed
tensve credits TO importers for duties imposed and that
this indulgence. whence many mischiefs flowed, was
Withdrawn in 1912, and payments in cash on entry sub
suted. The encouragement OF trade, its monopoly by
markets and prices, were evils apprehended as likely TO
flow from the changes and avoid them, the system
practised was adopted IL is generally known the
vnrehousfng sysem-permittine merchandise arrival
to be stored under the joint custody OF its owners and the
public officers, ior two or three yearso be taken when
wanted, either for domestic consumption, on pay
ment OF duties and expenses for expectation pay
ment OF charges only By those who unaccustomed
TO note the consequences OF such their bear
ings and influences upon industrial operations, the extern
sve and important effects OF simple arrangement
scarcely be imagined
II at once opens the wide field OF mercantile adventure
to youthful enterprise and prudence supersedng the
cessy OF having at command large Of credit or
cash II invites the accumulation of immense quantities
OF goods OF every description in the ports OF the United
States as repositories from which cagoes may be drawn,
for voyages TO all parts OF the world gives superiority,
IL reserves 70 citizens vast profits insurance,
which would otherwise be paid abroad il prevents sudden
alterations, as TO any commodities, from scarcity TO
abundance and abundance to scarcity and il thus dimn