Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1866-12-08

so greatly to the wealth of the nation and
the commerce of the world. New fields
ofenterprise would be opened 20 our pro-
gressive people, and soon the devastations
OF war would be repaired, and all traces
of our domestic Differences effaccd from
the minds Of our eountrymen.
TIE WORDS OF WASHINGTON, JEFFERSON, AND
JACKSON
! In owr efforts to preserve "thc unity of
Government which constitutes rs one
people" by restoring the States to the
condition which theys held prior to the
rebellion, we should be cautious, lest,
having rescued our nation from perils Of
threatened disintegrItion, we resort to
consolidation, and in the end absolute
despotism, as remedy for the recurrence
of similar troubles. The war having ter
minated, and with it all occasion for the
exercise of powers of doubtful constitu-
tionality, VIC should hasten to bring
legislation within the boundaries pre-
scribcd by the Constitution, and to return
to the ancient landmarks established by
our fathers for the guidance of succeeding
generations "The Constitution which
at any time exists, until changed by an
explicit and authentic act of the whole
people, is sacrcdly obligatory upon ALL"
"If in the opinion of the people, the dis
tribution or modification of the con-
stitutional powers be, in any particular,
wrong, let it be corrected by an amend
mcnt in the way in which the constitution
designatcs. But let there he no change
by usurpation: for'' "it is the customary
weapon by which free governments are
destroyed" Washington spoke these
words to his countrymen, when followed
by their love and gratitude, he voluntarily
retired from the cares of public life. "To
keep in alI things within the pale of our
constitutional powers, and cherish the
Federal Union as the only rock of safety"
were prescribed by Jefferson as rules of
action to endear to his "countrymen the
true principles of their Constitution, and
promote union of sentiment and action
equally auspicious to their happiness and
safety. v."-Jackson hcld'that the action of
General Government should always be
strictly confined to the sphere of its ap-
propiate duties, and justly and forcibly
urged that our Government is not to bc
maintained nor our Union preserved "by
invasions ofthe rights and powers of the
several States. In thus attempting to
make our GEN eral Government strong, VIC
make it weak. Its true strength consists
in leaving individuals and States rs much
as possible to themselves; in making itself
felt, not in its power, but in its benefi-
ccnce not in its control, but i'll its protcc-
ton; not in binding the States more closely
to the centre, but leaving each to move
unobstructed in its proper constitutional
orbit" These are the teachings of men
whose deeds and services have made them
+ illustrous, and who, long since withdrawn
from the scenes of life, have left to thoir
their wisdom, and their patriotism. Draw
ing fresh inspiration from their lessons,
let us emulate them in love of country and
respect for the Constitution and the laws
TREAsURERs REPORT.
The report of the Secretary ofthe Treas
ury affords much information respecting
the revenue and commerce of the country.
His views upon the currency, and with
reference to a proper adjustment of our
revenue system, internal rs well as inpost,
are commended to the careful corisidera-
tion of Congress. In my last annual mes
sage expressed my general views upon
these subjects. need now only call at
| tention to the necessity of carrying into
every department of the Government a
system of rigid accountability, thorough
retrcnchmcnt, and wise economy. With
no exceptional nor unusual expenditures,
the oppressive burdens of taxation can he
lcssened by such modification of our rev.
enue laws as will be consistent with the
public faith, and the legitimate and neces-
sary wants of the Government.
Fl The report presents much more salts
factory condition of our finances than one
: year ago the most sanguine could have
anticipated. During the fiscal year ending
the 3Oth June, 1865, the last year of the
war, the public debt was increased ss4l-
, 902 ,537, and OH the 3lst of October, 1865,
it amounted to S2,z4o,S54, $50. On the
, 3lst day of October, 1866, it had been re-
duced to 2,55l 81 ,OO6, the diminution,
during period Of fourteen months, com
mencing September lst, 1865, and ending
October 31st, 1866, having been $206, 576,
56j. In the last annual report on the
state of the finances, it was estimated that
during the three quarters of the fiscal year
ending the 3Oth of June last, the debt
would be increased Sll2,l ,947, During
that period, hewerer, it was redaoed So l.
1876 1897, the receipts of the year having
been $50, 905.9O more, and the expendi-
lures S2OO,5I9 ,235 less than the estimates.
Nothing could more clearly indicate than
these statements the extent and availa-
bility of the national resources, and the
rapidity and safety with which, under our
form of government, great military and
naval establishments can be disbanded,
and expenses reduced from war to a
peace footing.
During the fiscal year ending 3Oth of
June, 1865, the receipts were $55S.O32,
$50, and the expenditures $3.50, 75O,94o,
leaving an available surplus of $37 ,2sl,
$50. 1t is estimated that the receipts for
the fiscal year ending the 3Oth of June,
1867, will be $374,O6 1856, and that the
expenditures will reach the sum of 1919,
42s, s,O7s, leaving in the Treasury surplus
of Sl5S, 1888, ,303. For the fiscal year en-.
ding June Both. 1868, it is estimated that
the receipts will amount to $436, 6,O0O,OO
and that the expenditures will be $3.50
05E ilI-ShaWinfs on axcacC of S2R ESD