The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1866-12-04

! D.~@N 49, 1AoAS SAooSAy poSObhOA 40 -
: tiOn, and enable us to show to the wod
the inherent and recuperative powerpf
a Government founded upon the wi
, of the people, and established D.
on the principles of liberty, j.
tice and intelligence. Our inereasi
strength and enhanced prospert
would irrefragably demonstrate te
fallacy of the arguments agairt
free institutions drawn from our recet
national disorders by the enemies {
republican government. The admi
siou of loyal members from the State
now excluded from Congress, by allay
ing doubt and apprehension, wouk
turn capital, now awaiting an opportu
nifty for investment, into the channeh
of trade and industry. 1t would allevi
ate the present troubled condition OF
those States, and, by inducing emigra-
ton, aid i'll the settlement of fertile re-
gions now uncultivated, and lead to an
increased production of those staples
which have added so greatly to the
wealth of the nation and the commerce
of the world. New fields of enterprise
would be opened to our progressive
people, and soon the devastations of
war would be repaired, and all traces of
our domestic differences effaced from
the minds Of eaE s9aptt ptefpWyen unv uu1ry
| of Government which constitutes us
one people," by restoring the States to
the condition which they held prior to
the rebellion, we should be cautious,
| lest. having rescued our nation from
perls of thre eatened disintegratiOn, we
resort to consolidation, and in the end
absolute despotism, rs remedy for the
recurrence of similar troubles. The
having terminated, and with it all occa-
sion for the exercise of powers of doubt
full constitutiOnality, we should hasten
to brig legislation within the bounda-
ries prescribed by the Constitution, and
to return to the ancient landmarks es-
tablished by our fathers for the gnid-
ance of succeeding generations. The
Constitution which at any time exists,
until changed by an explicit and au-
thentic act of the whole people, is sa-
credly obligatory upon all" "lf, in the
opinion of the people, the distribution
or modification ofthe constitutional pow
crs be, in any particular, wrong, let 1t
be corrected by an amendment i'll the way
in which the Constitution designates.
But let their be no change by usurpa-
ton; for 'it is the customary weapon
by which free Governments are de-
stroyed." Washington spoke these
words to his countrymen, when, fol-
lowed by their love aud gratitude, he
voluntarily retired from the cares of
public life. $50 keep in all things
within the pale of our constitutional
IL ;.I ha Enlara1 I'ninn
rs the only rock of safety" were pre-
scribed by Jefferson as rules of action
to cndcar to his "countrymen the true
principles of their Constitution, and
promote union of sentiment and ac-
ton equally auspicious to their happi-
ness and safety" Jackson held that
the action of the General Government
should always be strictly confined to
the sphere of its appropriate duties,
and Justly and forcibly urged that our
Government is not to be maintained
nor our Union preserved "by invasions
of the rights and powers of the
several States. In thus attempt
ing to make our General Government
strong, we make it weak. Its true
strength consists in leaving individuals
and States as much as possible to them
selves; in making itself felt, not in its
power, but in its beniticence; not u, its
control, but in its protection; NOS in
binding the States more closely 20 the
centre, but leaving each to move unob-
structed in its proper constitutional
orbit" These are the teachings of men
whose deeds and services have made them
illustrious, and who, long since with
drawn from the scenes of life, have left
to their country the rich legacy OF their
example, their wisdom and their patrl-
otism. Drawing fresh inspiration from
their lessons, let us emulate them i'll love
of country and respect for the Constitu-
ton and the laws.
The report of the Secretary of the
Treasury affords much information re-
specting the revenue and commerce ol
the country. His views upon the cur
rency, and with reference to proper
adjustment of our revenue system, IN,
rernal rs well as impost, are commended
to the careful consideration OF Congress:
In nv last annual message expressed
nv general views upon these subjects.
need now only call attention to the
necessity of carrying into every depart.
ment of the Government system ot
rigid accountability, thorough retrench-
ment. and wise economy. With no ex-
ceptional nor unusual expenditures, the
onpressiye burdens of taxation can be
lessened by such 4 modification OF our
revenue laws rs will be consistent with
the public faith, and the legitimate
and necessary wants of the Government.
The report presents much more sat
isfactory condition of our finances than
one wear ago the most sanGuine could
have anticipated. During the fiscal
wear ending the 30th June, 1868, the
last wear of the war, the public debt
was increased S941 ,9O2, ,5S, and on the
3lst of October, 1865, it amounted tol
S2.74O. .a54,75O. On the 3lst day of Octo-
ber. 1866, il had been reduced to-
81 h5l .3lO. .OO6, the diminution, during
period of fourteen months, commencing
September l, 1865, and ending October
81. 1866, having been S206,379, 565. In
the last annual report on the state of
the finances, it was estimated that dur
ing the three quarters OF the fiscal year
ending the Both of June last, the debt
would be increased Sl12, ,947. Dur
ing that period, however, it was reduced
S3I ,l96 6,3S7. the receipts of the year hav-
ing been Ss9,905, ,905 more, and the eX-
penditures $500. .529 ,235 less than the es-
Inmates. Nothing could more clearly
Indicate than these statements the ex-
tent and availability OF tue iiativlIal ie-
sources, and the rapidity and safety
with which, under our form of govern
ment, great military and naval estab-
lishments can be disbanded, and ex-
penses reduced from war to peace
footing. ;.
During the fiscal year ending the 3Oth
ofkRne, 1866, the receipts We're sS5S,-
o3s(D6O, and the expenditures S2o,75O,..
$40, leaving an available surplus of
s37, 7,2s1 $50. 1t is estimated that the
receipts for the fiscal year ending the
3Oth of June, 1867, will be s475, ,O6l ,3S6,
and that the expenditures, will reach
the sum of $3l6, Ar, ,07s, leaving in the
Treasury surplus of $685. ,3u3, For
the fiscal year ending June 80, 1863, it
is estimated that the receipts will
amount to s436, 900 900, and that the ex-
penditures will be $3.50, ,247 ,64l-show-
.-oos, &c sSS sS1 go in favor of