The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1866-12-12


d to the ancient landmarks tablisbed hv OH
It fathers for the guidance of succeeding ger
t erations. "The Constitution which at an
time exists until changed bv an exulci
IS and authentic net of tie whole peonle.
It sacrcdly obligatory upnn ALL "If in III
h op;nion of the ppopla. the distribution n
/ Modification of the constitutional mower
n be, in any particular, wrong. let it lie cor
r rected by an amendment in the way il
/. which the Constitution desiyna,es. Bu
2 let there lie no change BIZ usurpntjon: for
t ''it is the customary weapon bv which fire.,
n Governments are DESTROYED" " Nashingto,
j spoke these words to his couptrvmen. whcr
D followed by their love anI gratitude he vol
UNFAIRLY retired from the cares of publi,
: ltc. "To keep in all things within the nall
Of our constitutional powers, ahd chcrisl
the Federal Union as the only rock of safe
ty." were prescribed hv Jefferson as rule
, of action to cndear TO his 'couptrvmen the
} true principles of their CONSTITUTION, and
remote Il union of sentiment and actiO,
, equally auspicious to their happiness ant
safety" Jackson held that the nctInn o
the General Government should always Il
; strictly confined to the sphcrc of its appro
| pirate duties and Justly and forcihlv urged
that our Government is not to be maintain
; ed nor onr Union preserved 'hv invasion.
of the rights and powers of the severa
States. In thus attempting to make oul
Ger eral Government tlong, we max. il
: weak. Its strue srreneth consists in leavinc
; individuals and States rs much as possible
to themselves; IN making itself felt. NOT in
its power, but in it's Lnuelic, nee: not in its
) control, but in its protection; not in binding
the States more th,srIy to the center. hut
leaving each"to move unohstructcd in its
propcr constitutional orbit. - These NJ,
the teachings Of men whose deeds and ser.
vices have made them iIiustrous, and who.
long since Withdrawn from the scenes Of l;fe
have lpf to their country the rich legacy Of
thoir o.uamnlc, their wisdom. and their ua,
riotism Drawing fresh ipsciration from
their lessons. let us emulate them in love Of
country and re,p, ct from the Consultation
and the laws.
The report Of tho Secretary Of the Treas
nrp affords much information rcsprcting the
revenue and commerce of the country, His
views uron the currency. and with reference
to prcrer adjustment nt our revenue syS-
TEN, internal as well as inlpost, are COM
mendel to the careful consideration of Com
gress. In my last annual message OK.
! pressed n,y general views upon these sub
iec.s. | need now nnly call attention to tho
necessity Of carving into every department
of the Goyernmcnt system of iieid ac.
coun' ability, thorough +, trt nchmcnt. and
wise economy With no exceptional nor
unusual expenditures. the orpre,ivc bur
| denS Of taxation can be css, ned iv such a
modification of cur revenue laws as will he
consistent with the rubic faith, and the
| legitimate and necessary wants of the Gov
| ernmeEt.
The Report presents much more salts
factory condition Of our finances than one
year ago the most sanguine could have an
ticipa,ed During the fiscal year ending
the Both june, 1865, the last year of the
war. the public debt was increased SG4l.
9O2, ,537 aud on the 2,st Of October, 1863.
it amounted to $2,740, ,S54. $50 On the
3lst day of October, 1866, it had been fr-
duccd to s.. $4,000, the diminution,
during period of fourteen months, com
menciug Scptemler !, lSC5, and ending
October 81 1866, having been 5000, 31a,
| b66. In the last a. nuaI report on the state
nf The finarces, it Was estimated that during
/ the thee qrarters Of the fiscal year ending
the 30th Of june last, the debt would be in
creased SIP. l44 947. During that period.
| however, it wnS rrdrccd d $3i. lo6. 3S7. the
receipts Of the year having hran $50. sos,
! q05 more. aud the expenditures 500 529, -
235 less than the estimates. Nothing could
more clearly ir,Iicatc than these statements
| the extent and availability Of the national
resources, ami the rariGi'y and safety with
which, under our form oi government, great
military and naval, establishments ran be
disbe ended. and exr enscs reduced from wur
to peace footing
During the financial year ending the 30th
of June, lSGG, tie receipts werc s55S, o.
| G20 and the cxl enditurS $40, $50 Q40
leaving IN ayajlabl, surplus Of $337,46l, ,(Sp.
1t is estimated that the receipts for the
| f,caI wear ending the 30lh .Jure, 1867, will
$40, ,o6l ,5s6, and the tSl eudituros will