Plymouth advertiser. [volume] (Plymouth, Ohio) 1853-1988, 1853-12-10

~ nolev and action. Is 10 the great material IN
tsrest. Of the country, whether regarded in
themselves. OF in common with the powers Of
the civilized world. The United States have
Continued gradually 20 expand, through aequi-
sitions Of Territory, which, howmnchsoeyer some
Of them may have been questioned, arc nov
UNIVERSALLY seen and admitted 20 have been wise
in policy, just in character, and great advance
ment OF our country, and with it Of the human
race, in freedom, in prosperity, and in hapPi-
ness.
The thirteen States have grown 10 ihir-
ty-one, with relations reaching TO Europe
on the one side, on the other the distant
re,a :.::ans of Asia. am deeply sensible
of The immense responsibility which the
presen, magnitude of the republic and the
diversity and multiplicity OF its inieres's,
devOlss upon me = the sue'ia''on O.
which. so far as relates to the im:nedla,e
conduct of the public business, Is, fifs'' !"
my reliance on the wisdom and the pat
rioiism of the two houses of Congress
and, secondly, in the directions aio'oeo
me by the principles Of public policy at
firmed by our fathers of the epoch OF lT9f'
sanctioned by long experience ant conse
Grated anew by the overwhelming Volc'
the people of the United States. Ke-
curing to these principles, which consli-
tute the organic basis of union, we per,
ceiye that, vast as are the functions and
duties of the Federal Government, vested
or entrusted TO its three great departments
Legislative, Executive, and judicial =
yet the substantial power, the popular
source, and The large capacities for SOCIAL
end ma erial development exist in the
respective States with all. Being of them.
selves well.constituted republics, as they
proceed, so they alone are capable OF
maintaining and perpesuating The Ameri'
can Union.
The Federal Government has its op.
propriale line of action in the specific and
limited powers conferred upon it by the
Cons tuition. chiefly as to those things
in which the States have common inter
est in their relations to one another and 10
foreign Governments, while the great
mass of interests which it behooves us to
cultivate in the ordinary business of life,
the springs of industry, and all the diver
sifed personal and domestic affairs OF So
ciety, rest surely upon the general re-
served powers of the people of the several
States. This is the effective Democracy
of the nation, and there the vital essence
of its being and its greatness-of the prac-
tical consequences which flow from the
nature of the Federal Government, the
primary fact is the duty of administering
with integrity and fidelity, the high trust
reposed in it by the Constitution; espe-
cially in the appropriation of the public
funds as drawn by taxation from the peo-
Pile and devoted to specific objects by Con.
gress.
Happily have no occasion 10 suggest
any radical changes in the financial poll
cy of the Government. Ours is almost
if not absolutely, the solitary power o
Christendom having surplus revenue
: from imports and commerce, and there
fore measured by the spontaneous enter
rrise and natural prosperity OF the coun
try, with such indirect relation to the ag
; riculture, manufacture and produce of. tht
earth and sea, as to violate no constliu
tional doctrine, and yet vigorously pro
mote the general welfare, neither as t
: the sources of the public treasures nor 4
: 10 the manner of keeping and manaein
: it, does any grave controversy now pre-
vail; there being a general aequieScenc
in the wisdom of the present system.
The report OF the Secretary Of tn
4 Treasury will exhibit in detail, the stat
of the public finances and the condition C.
the various branches of the public serv
. ce, administered by that department {
= the Government.
$ The revenue Of the country, levied a
Il most insensibly to the tax payer, goes o
4 from year TO year increasing beyond eithe
e the interest or the prospective wants of tn
+ government At the close of the 6sc;
% year ending June 30th. 1853, there remain
's ! ed in the Treasury balance Of $l4.632
# # 1876. The public revenue for the fisc
r year ending June 30lh, 1853, amoun,t
IS to $59,93l,S 1865, from customs; and So
/ 405,70S from public lands and other mis-
cellaneols is sources-amounting togethe
is to $6l 1897 .574: while the public expend
to ture for the same period, exclusive
s. payments on account Of the public det
al amounted to S43.554. 4.262-leaving
@ es balance of $32, ,425, ,447, of receipts abo
A. expenditures.
s. This fact Of increasing surplus in I
n Treasury became the subject of anxio
d, consideration at very early period ofn
as as administration; and the path of duty
n regard to it seemed to me obvious and ciee
b. namely: first to apply the surplus revenu
a. to the discharge Of the public debt, SO
n as it could iudiciously be done. and Sc
'a a ondly, TO devise moasures for the grad,
IN reduction Of the revenus to the standa
r. Of the public exigencies. Of these {
'al iects, the first has been i'll the course
rd accomplishment in manner, and tt
N, no degree highly satisfactory.
r5 The amount Of public debt Of all class
at was, on the 9th OF March, 1852, six
nine millions one hundred and nine
to thousand and thirty-seven dollars--p;
~, ;th ments on account of which have be
de- made since that period to the amount
ln- twelve millions seven hundred and tw
IN ty-nine dollars leaving unpaid, and
ION the continuous course of liquidations,
= va SUN of $50, ,486,7sO These paymel
Pc although made at the market price of
for respective classes of stocks, have b.
p.t- effected readily, and to the general
uu- v,,,,oo ,f tho 'Cro,cur,, apd bova nj