The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1854-12-13

calculations, when we contempIat the enormous
absorption o~fcapital withdrawn from the ordinary
channels of business, the extrayagant rates OF In
terest at this moment aid to continue operations,
the bankruptcies not merely in money but in char
acter, and inevitable effect upon finances generaHy,
can il be doubted that the tendency ID to run to
- Is il wise to augment this excess By encou raging
hopes of sudden wealth expected to flow from mag,
nifcent schemes dependent rpon the action OF
Congress Does the spirit which has Proa"eSo
such results need TO be stimulated or checked Is
ii not better rule to leave all these works to private
enterprise, regulated, and when expedleht aideo
by the cooperation ofStates II constructed by
private capftai the stimulant and the check go to-
eether, and furnish q Ealutary restraint against
speculative schemes and extrayagancies:
1t is maniIestt that with the most effective guards,
there is danger of going TO fast and too far: We
may well pause before a proposition contemplating
a simultaneous movement for the construction OF
railroads, which in extern will equal. exclusive OIL
the great Pacific road and all its branches, nearly
onetfhiTd cflhe entire length OF such works now
completed in the United States, which cannot, with
equipments, cost less than Sl5e, OO0, 600. Tho
dangers likely to result from combinations OF in
terests of this character, can hardly be over esu'
where is the accurate knowledge, the comprehen-
sive intelligen; e, which shall discriminate between
the relative claims of these twenty-eight proposed
roads, in eleven States and one territory 4-where
will you begin and where end to enable those COM
sary that the aid OF the General Government be
primarily given, the policy will present q problem
so comrrehensivein its bearing, and so important
TO our political ard social well being, as to claim
in anticipation the severest analysis. Entertain
ing these views. / recur with satisfaction to the
experience and action Of the last session OF Con-
gres, as furnishing assurance that the subject will
not fail TO eIicita careful dissemination and rigid
scrutiny.
II was my Intention TO present on this occasion
suggestions regarding International improvements
by The General Government, which want OF time
al the close Of the last session prevented my sub
hitting ON the return to the House of Representa-
tivcs with objections the bill entitled an act. max
ing appropriations for the preservation aud COM
menced un5cr snthority nf,svy h - ne snaee in This mis-
communication already occupied with ether mat
rRsCrVe that subject fnT n RneCIal message. which
WILDE transmitted to the two houses OF Congress
at ali carly day.
The Judicial establishments of the
United States requires modification, and
certain reforms in the manner Of con-
Quoting the legal business ofthe govern
ment, are also much needed, but as l
have addressed you on both of these
subjects at length before, 1 have only
to call your attention to the suggestions
made in my former recommendation in
relation to suitable provisions for various
objects of deep interest to the inhabi-
tants of the District of Columbia, are
renewed. Many of these objects par
take largely of a national character, and
are independent Of their relation 10 the
prosperity of the only considerable or
ganized community in the Union, entire
" unrepresented in Congress.
1 have thus presented suggestions on
such subjects as appear to me to be of
particular interest or Importance and
therefore most worthy of consideration,
during the short remaining period alot-
ted to the labors of the present Congress.
Our forefathers of the thirteen united
colonies, IN requiring their independence
and in founding this Republic of the
United States of America have devolved
uponEus, their decendents, the greatest
and the most noble trust ever committed
to the hands of men imposing upon all
and especially such as the public w II
may have invested for the time being,
with political functions the most sacred
We have to maintain ingiolable tho
great doctrine CT the inherent right of
popular self government. To reconcile
the largest liberty of the individual
citizen with complete security of the
puhis order, to render cheerful ODE I
diem TO the laws of the land, to
unite in enforcing their execution
aad to frown Indignantly on all
combinations to resist them. To har-
a sincere and ardent devotion to
institutions of religious faith with the
universal religions federation, to
preserve the rights of all, by causing
them to respect those ofthe other. To
carry forward every social improvement
to the uttermost limit of Mslhan perfec-
by5the free action of mind upon
mind, not by the obtusc intervention of
isapplied force, to uphold the integrity
I'D guard the limitations of our organic
Law.
To preserve sacred from all touch of
'iticai ssivatlo. lived powers of
the several States aud of the people-to
with loyal fealty and devoted af-
0 n which the hopes of civil liher-
rest.
To administer government with vigil
INT integrity ard rigid economy, to cul-
.ivate peace and friendship with foreign
nations, and to demand and exact equal
from all but do wrong to none,
o esehew intermeddling with the in
Internal policy and domestic repose of
others goods, and to repel from our own,
to shrink form war when the
lonor of the country shall call us to
Bat to cultivate in preference, the
lrts Of peace, the enlargement of the
lights of neutrality, aud elevate and
iberalize the intercourse of Hations, and
" such just and honorable means, and
uch only, whilst exalting the condition
if the Republic, to assure to it the le-
influence, and the benign
uttority of a great example amongst
IL the powers of e~hristendom.
Understhe solemnity of these conYic-
ions, the blessing of Almighty God is
arnestly invoked to attend upon your
deliberations, and upon all the counsels /
nd acts of the government, to the end
lat with common zeal and common
forts we may, in humble submission to :
be Divine viii, cooperate for the pro- {
iotion of the supreme good of these :
States. >
FRANKLIN PIERCE.
BOOKS AND STATIONERY
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