The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-06-28

once formed an army interested in the national prosperity
equal TO all the hardshps OF the camp, and all the
dangers of the field Had this been the only result OF
contest with Mexico, the would not have been
waged in vain But national reputation not all that
it yielded Our empire was extended-safe and commo-
dous harbers obtained on Pacific coast, and
domain which literally sparkles with gold, astonishing
the world by its teeming riches for the enter
prise OF our people.
While the foreign policy of Mr. Folks administration
eminently successful, great principles affecting our
domestic policy established during his presidential
term, which have blessed people with unexampled
prosperity dangerous extension OF the powers OF the
federal government; the establishment OF national
bank the distribution of the proceeds of the sales OF the
public lands awaseiu expenditure OF the public moneys
for internal improvements and protective tariff relev
ing capital from taxation and increasing the burdens
labor have been prevented The legislation of the fed
eal government has been confined to the objects intended
by the trainers OF the constitution leaving the people
shielded from violence, and free from opprsssono Sc
lect their empoymens their intelligence might dictate,
and buy and sell in those markets which their interests
might point out The unauthorized union between the
government and banking institutions has been destroyed,
and financial system established consistent with the
rights OF the States and the interests OF their citizens,
while il is adequate to all the wants of the government
When this system first put into operation itsfailure
was confidently predicted The circumstances OF coun
try and the condition OF the commercial world were such
as to excite the fears of its wamest advocates The nation
was engaged in foreign war, and our troops were in
the heart of the enemys country The spirit Of evou
ton abroad in Europe Nearly every arrival brought
across the Atlantic the of kings deposed and nsti
utions overthrown In France, Italy, Austria, Germa
n.y. and even in England, destroyed, and
commercial credit po.tratei Notwithstanding the
war with Mexico, and notwithstanding the commissions
in Europe the commerce of the United States flowed
in its accustomed channels. The credit of gov
eminent was unmpaired. The industry of cti
zens was not affected, which the Independent treasu-
ry so much deuded by It's opponents, disbursed vast
amounts in the heart OF the enemys country with safety
economy and despatch. No man can pretend to say
that this state OF things could have existed, had
national bank beeh in operations great portion of the
stock Of such an institution would have beer owned in
foreign countries and it would have been compelled
enter into commercial entanglemens abroad. Even ad-
mng its ability meet the demands for specie which
foreign war necessarily occasions, it would have been
Frustrated along with the commerce of Europe The
first shock in France, Germany, and England would
have been felt in the United States and bankruptcy and
ruin would have filled the land. The independent trea-
sury has been aided its successful operation BY the
liberal revenue system, which adopted in 1916. The
failure OF this great measure OF reform also
fdenty foreold falling off in the national revenues,
and ruin to agriculture commerce. and manufactures,
were predicted But the great principles Of free trade
have nobly indicated themselves. fEsy have brought
blessings and not upon our people. The liberal
policy OF Mr. Folks administration invited the foreigner
into our markets The products of other countries which
came into our ports even at low duties increased the
revenues OF the government six millions Of dollars
single year. while prices were diminished burdens taken
from labor, and the weight Of the government more
equally and more Justly distributed. The admission OF
foreign productions into ports enabled other nations
to purchase larger quantities OF surplus produce and
that too without causing embarrassment and distress
arong them Our agricultural interests began at once to
prosper under the fold operation of commercial
policy our commerce expanded aud the consumption Of
manufactured articles increased. All interests have
Aoushed There has been no distress in obr land TIE
currency has been stable Capital has been profitable
and labor has found employment in every branch of
dustry.
Such is brief outline of the leading features of Mr.
touched. The warehousing system; the efforts TO in
duce modification Of the British navigation laws; tres
ties with foreign nations and with the Indian tribes on
our continent, had to be passed over. But when the
history of the last four years correctly written they will
find fitting place in the record of the most eventul and
the most prosperous period which the annals of gov
eminent since the adoption OF the constitution boast
He who then filled the Office of Chief Magistrate now
no more He accomplished the great task which was
assigned him, and then he almost stepped from the high
Office earth into the grave There he sleeps quietly
while the struggle continues in the great arena be has
left forever He did lead armies in the field, and his
| brows were not enwined with the warriors wreath
But yet he will be remembered in history His spirit still
lives, to animate the democracy of the land His great
example will long operate beaconl light guide ant
enghten his countrymen. His administration will be
glorious in annals. He established great truths; he
gave vitality to great principles; and he demonstrated by
his great achievements that
! "Peace hath her victories
No less renowned than war"
Missouri.
The struggle among the democrats still continues
Without entering into the merits of the controversy or