The mountain sentinel. [volume] (Ebensburg, Pa.) 1844-1853, 1852-01-29

strated In this country by sad experience, that
it is quite unnecessary to discuss the question on
this occasion. The laborer, the farmer, the me-
chanic, the manufacturer and the merchant are
all deeply interested in having sound curren-
cy. No pretext can justify the creation of a su-
perabundant amount of paper money, and it is
with painful alarm that have witnessed a grow
ing disposition the entire country to increase
the use OF this medium, on a small specie basis,
regardless of the inevitable effect of the large
accessions Of coin which California is furnishing
to this country and to the world Every peo-
pie must have circulating medium, as a mat
ter of convenienc. Ours should have whatever
amount the transaction of wholesome business
affairs may demand but unfortunately we are
too unwilling to stop at the proper period in the
creation of this medium. That as coin becomes
abundant 1t should supplant and render unne-
cessary the use of paper is TO my mind the plain
est teaching of common sense; such practical
effect is demanded by the true interests of the
people \ superabundant amount of money of
any kind, cannot fail to enhance nominal values
above proper standard, and thereby engender
a spirit of dangerous speculation, and in the
featuring interest of the country The manu-
tacturer is more vitality interested in this than
any other question of governmental policy With
out sound currency, the incidental aid result
ing TO this great interest from the revenue laws
OF the general government, can never have force
or stability.
would not be understood by any thing have
said, as holding the opinion that mere lepisla-
ton, however wise, viii give prosperity to
country, while bad legislation may restrain its
energies, no matter what the labor, industry.
virtue and patriotism of the people NAV be.
WISE legislation can only afford opportunity for
the legitimate rewards of natural resources de-
Veloped by unembarrassed labor There is. per-
haps, no more dangerous political heresy taught
IN our land, than that the prosperity of the coun
try Is to be created by its legislation. A inst
policy can only guard and protect the legiti-
mate means Of production from special privele-
ges, the devices of the cunning and wicked
The people should rely on their own individual
efforts, rather than the mere measures of cov-
ernment for success. Legislation should give
10 all citizens an equal opportunity Of enjoying
the natural advantages which surround them
corporate power and special privileges too of
ten produce the reverse result, and should there
fore only be granted to facilitate the accompIisb
ment OF great public purposes, not within the
reach OF individual means. Capital and labor
cooperating in proper relative position. have
made and will continue to make our copptrv
prosperous and happy. The rights of the latter
should never be sacrificed to the interests of tba
former Special legislation too frequently has
this tendency. Capital can ALWAYS command
employment and proft-labor, less able to COM
mand either, should receive the vatcbful care
Of government.
am most happy, my fellow citizens, to meet
you IN my present capacity, at period when
our common country is at peace with ell che
"ofld and prosperous in an eminent depree
Inc dangerous conflict touching the subject of
slavery, which for time seemed TO menace tho
stahlhty OF the National Government. has been
must ioF'uhately' and trust, permanently ad-
Jus'ed through the medium of what are general
y known as the Compromise Measures The
general acquiesence of the several States in tbis
adjustment gives assurance of continued peace
10 the country AMI permanence to The Union
permanence to that Union, the formation of
which gave our Nation early influence and dig
hity OF position with the other powers of the
earth. Her rights have consequently. been res
pected by all, and her wishes heard with pro
1ound regard In war she has gained high
character Tor military prowess, and in peace Sc
cured the confidence of all mankind. The ms
ice and hberality of her institutions has con-
strained the oppressed of every land to seek an
asylum within her limits, and enioy. under the
ample folds of her National flag, political and
religious freedom
Inc continuance of these unequalled blessings
is dependent entirely upon the perpetuity of this
great national compact, and this can only be CO.
cured by a faithful observance of the terms of
the constitution under which it was formed
the former cannot exist without the latter. and
the latter mad no purpose but to perfect and sus-
tam the former He, therefore. who is not for
tne constitution, Is against the Union and he
who would strike at either, would commit polit
lcai sacriege against the great fabric, sanction
ed by Washington and Franklin. The Federal
constitution must be maintained and executed
In all Its parts. 1t is the paramount law of
each state, and it is the imperative duty of their
respective governments, to assist in the inst and
full administration of all its provisions To
Congress undoubtedly belongs, in the first in
stance, the duty of making provision to carry in
to execution the intent of this instrument but it