Mcatfort• ttif,ovt`• Free Noll, Free Speech, Free Mesa! 'reed/Pm far he. Territerp. E a GOODRICH, EDiTOR. , Towanda, Wednesday, Deeem. ;3,1848. The Message. The great length of the Poilestorp crowds oat our usual variety. News, editorial and ad vcrtisementa, all have to give way to this annual inli;ction. Our ramarks upon this document are delerrcil until next week. Tits CHOLERA a New Pose.--Several cases of cholera have occurred in New York. The owes are entirely confined to the steerage passengers o, the packet ship New Yoik, just arrived from Li vet pool. Twenty-nine cases and nineteen &atlas bad omitted. public .fficctinne. Meeting In Athena. At a netting of the bona' of ,Athens And ete'uiry held to d borough on lVedatesday even:rti.t. ttbl Novrtutr•r, pursunut to public not cc. An the purittote M takung Into MI • internt.ott the proper Mean! to . r tittoplrd us a preeentrettve flintier Annoynnee from hark- rare% in the stetghttnrhoultil4.l A 1 2 1:11KINS erns ended to the elm r. an.l AIAMTIN chosen Secretory, The iotlow.ttg Preen:6le and ltrsotut.uns were atioptM:—. AV hereon., The people of the borongh of At' en. and ve-n -ity have tar MMc week. , past been re i testetny disturbed by hwite races in their neighbodstrw! wit en Wive collerterbietrther la?gs tasseinlilirs of penple. intended by the ewe. usual on such areas ons--grently to the smut) nitre of our peace, and Prilld'eal to Mr mural clasowier to the place.. Thcreore Resolved, That in the intramsge of the Art of Assemlity against horse nicing we tirrlare such horse rams to lie rout. niqu iiirsanees' The race iffotlll , l :s the foci's for thr misers:i bis's:Tot' black-legs. pilferers. torruipentte nod vicionL. • The - races see porductive of no gond but on the erattrarT mote idleness intemperance. produidy.gaittlilmg and other un- Mortsilities. The Youth err miliwed by rutros ty to assemble at the races and are thus 1114.1 C acquainted with the vices at tending them. Resolved: That as we regard the preservaiMst of the put.- t.e peace. the good moral. , of Ow community. nniresper ally us we would guard nor }oath agu net the eommu noting intlueti ce of such immoralities we feel hound to emforee the 'wit:Mies of tin! Act against horse racing upon all wl.o shall vmlate it in thus place or vem ty. Resolved, That Choy Comstock. Purace Willi:eon. Jr. N Lellort. Geo A. Perkins.('. F. (Veils Jr. t. 1-1 Sherman and li. W. Patrick. he appoint.," swomm.tiee to see that prws-rn i/0/111 are mistimed suit pm...caned to term oat on for all • .ola con. of said art. and that tee iteliv.ilitslly will nee nur tier toes to en Ore:- said act ',gamin all persons eiolattng ti to snl loot , or retnity. Resolved, That ihrse proceedings be published In the ncfcs papers printed in Ormithril enmity. (Signed by the Officers Canal Meeting In Towanda. MI 111onday evening. the 11th oust pursuant to peer one pale Iv notice. a ;erg,• itteceitn: of the e I ens of the energy was held 4 t the Meilest at Church ; which on mobil ist .1 C. A lams w.c cal ed to order and organised by. the Select ono! the loth:et I I oleos: %VAL ELL. Pres:dent. Henry They, James E:11 nil. George knit, y. C 1.. tV ant John Pmts. more. A..be Sic Cud. llornee %Volt. ton D. Holinek, Saninel St :vi•as t F. AttNt er Aire el/ nl. r tepbe o Tierce. B. 1.4 • H. r.. /trident r. Albert Newel:. Vlce lees dews W. Pair cit. and Illyssus k'erear Seeretnries. The Presi dent naiad the object 01 the meet.on to hrt to lake Into roam& ernt on the beet Ulnae 04 nel'On 10 ensure the speedy comple loon 0/ the Nord* Bettileh Canal. fle,eXplaineol at length the sausatsnu of the work and showed clearly that the best Ono, es, of the State frqU'lre. flint it iollotoltl W3lhotil norther delay penritle the ni-ons for romplet - 0t ilt s connectirt: bnb ol the meat chain of Internal Improvements projected by tli:s and none,' Slate.. ht on&mer to calla from the meting, it was than ahlr ord r'oryoeatiy addresrool by C 1.. %Yard .1. C Adom4. N. %tin. - too, 1.. 0. IlancroP, C. Aereur, 0. I"...Union und:ll. W. Trri. Fatt,rr. after h.r , On mm on of E.lward Ozerion a comm . note of Gee was al - - Minted to draft a memor al to thrt•Leris'ainre enrwmily roger meow Out adoption of ta . •aaa for tho:ttnmed toe compet.on of North Branch Canal. The chats ap;.. turd Etron that Comm.,: ter hlward (Merlon naval CnAh. h. R. Myer. B. W. Nortek. an I E. W. Bar I, Emirs. On mocon of C. 1.. Ward, a corm m tier of eorrropontleitce watt approntotl. The Char spro.ll - L. Wtird, r !Bomar. J.,r Atlatret• Jo'.. F. Moans. 11.1 I).l , l,l3artenw. Owtnnlson. main-tier of F none.. prett ojtde red 10 to arra Wed eftlaraitrti V Jai a perms& far leftelriournaltip through which the canal pamott wht•roaprut the chair appomird the Otlhwring promma W. Trarr. F. Unmet. Wyal imerg ; H. W. Irracy. Albert Nowell, Stan ling atone: Jommh Pallet I. Edo'. Cotiltangli. W)Aox ; D. Cold,, H. Myer. Towanda horn' mud tp. : I. SI I'.ke. Oily Tracy. Ulotor ; Ewd. Niamey. John Waikata. Albeit*. The memlng. moires led the roost I.voly inter-at open the salleet whteh cabled if together, rut-well as a G rod 1i..1.`nl nu' nn so rout:atm to sir nsoul jmn or to the North at the ImmlA of the leg'idattire. rand ia urgo upon that hotly the suicidal policy o renjanung Issue 4;v£{ upon the milkier!. noMna.Remolved. That the pmeeedtop of th e ameted hog the officers, and - published in the newspapers of the coun'lr.. ntignml by Cie oflc TS 1 Proceedings of the XXXik Congress, SECOND SESSION . . At an early hoar this morning, the 7allcries wore crowded with spectuors, reporter., retter write s, &c., all impatient for the commencement 'of the short session of the 30th Conzress. At twelve, M., ,a quorum of Senators being present, the Senate vias called to order. Alter prayer— Mr. D.su:slass. at Illittois, rose, and after a few preu'ory remarks, of an unimp3rtant character, state,) that he would at an eatly day introduce a 14 fur the purpose of organising territorial govern ments fur the new territories of Nebraska, Dlineso to, Now Alexice and California. Mr. Cameron, of l'antiqlvania, gave notice that he would introduce a bill providing fur the tak;ng of the CCDMA of 1850 OA motion, the Vice President appointed Messrs. Kind, of A lbany, Tumey of Tentiessee,And of Massachusetts, a Committee, on the part of the Senate, Jo wait on the President and to inform'him of their orpnirmion. Mr. Cameron oft; reel a resolution, an horizing tiro eusto.n try number of new gapers to be taken for the use of the. Senators. Haase.—Theattesela-ice of mernhens was much larzor than was anticipated; and at 12 o'clock—a quorum t.ing present--the members were called to order by the Speaker. The roll was ealed by the clerk of the last !tense. Mess s. Blackman, of South earolin and Greely, of New York. (elected to fill vacancies in the pres mit Cmgress.) appeared—were qualified; and took their seats. Mr. G eJly looked a. n u on.mme.l if he was treatlifig his way throigh his own prin hog olliee; and, for a %wailer,. th if white dual was lint visible. A inessaqo was received fmm the Senate, infor mal:4 dot !louse that that bo.ly had organized. Mr. Weatworth, of Illinois, moved that a riles sage of a like iinoart should be, transmitted to the Senate fmm the llouse, and that a Committee be a,ipointeal to wait on the l'resideiat, to inform him 01 such orgaoir_atlent. Adopted. Wil rosy for the porpo4e of making some expla story mniark4 in re. aril to the So;nriachal. singular p )sition of Mr. Sibley, a member of Wis consin. who nets as a clelega , .e fro.n the now tern tory of Minesota. Remarks were nvide by several members, which partook morn of a colloquial than of a declamatory character, when the whole subject was referred to the Committee on Territories. _ . Mr. M Arphy oft wed a r=olution to the effect that members should o:cuziy the sane seats which they had last session. This was warmly oP:mseil—several members on the floor at cmcc, iu ea.:a:nem to point out the in justice of adeptiti.4 such a resolution. S o me con tended flint the priuciple of volition in ofiize shou'd ho applied to seats— nut drat if membara at one au.atoni Were unfiratiale enough r o draw" bad seats, it was some co isolation to think that at the next ressian they millu have hotter luck. The ree Onion was Mr. E.an,t. of Maryland, the , :t offerell a resole fete that tneat bars should Waite, lottery faeltior, fur than seat*. Tina re•tohnion wa‘ ad.tived with- _ r end nano. tinny. and the balloting and selectlng tualtwAlt commenced. OttP- The prneeediu4s Congre.4s up to the Dth, wete uoimpartaut..priuctpally PIittIDENT'S MESSAGES 4 1; - 4; iiiii .7 1 , ;. --- 4 Itis 06 ntly . ed . t ; avitbersa (rani their eltectslbilie salitanFloperati4:of Aiii eonetitutionittreasuryo„...los certain 'lll4l'-if 114 24,08_0,000 ot;specie mapongd in* theittuntry' slut the ascii a - carolling aiiilbelpi /th ofjone 1 , 'had:gone intilite bank*. as tea grant diens it m ave 4one:it would:in the sbience of this system, have been made the basis of aug mented bank paper issues, probahlyAwaimanualnktsallsait filkl.ooos -000 or $70,000,000, producing. as an inevitable con sequence of an inflated currency, extravagant pri ers for a time, and wild speculation, which most have been followed, on the reflux to Europe, she succeeding year; of so much of that specie, -by the prostration of the baldness of the country. the see pen slot' -1 the banks. 'nem 'ost extensive bankrupt cies. Occurring, as thii would have done, at a period when the country was engaged in a foreign war, when considerable loans of specie were requir ed for distant disbursements. and when the banks. the fiscal agents of the government, and the deposi tories ofits money, were suspended, the public cred it must have ionic, and many millions of dollars, as was the case during the war of 1812, must have iteen sacrificed in discounts upon loans, apd upon the depreciated paper currency which the govern ment would have been compelled to use. Under the operations of the constitutional treasu ry, not a dollar hes been lost by the depreciation of the currency. The loans required to prosecute the war with Mexico were negotiated by the Secretary of the Tressm7 above par, realising a large premi a n to the government. The r:straining effects of the system upon the tendencies to excessive paper is -nes by banks has saved the government from heavy losses, and thousands of oar business men from bankruptcy and ruin. The wisdom of the systeln has been tested, by the experience of the last two years ; and it is the dictate of sound policy that it should remain undistubed. The modifications in some of the details of this measure, involving none of its essential principles, heretofore recommended, are again presented for your favorable (considera tion. lEEE Funded stock of the United States, amounting to about half a million of dollars, has been purchased, as authorized by law, since that period, and the pub lic debt has thus been reduced ; the details of which will be presented in the annual report of the Secre tary of the Treasury. The estimates of expenditures for the next fiscal year, submitted by the Secretary of the Treasury, it is believed will be' ample for all necessary pur poses. If the approbationa made by Congress shall not exceed me amount estimated, the means in the treasury will be salicient to defray all ex penses of the government ; to pay off the next iii staiment of $3.000.000 to Mexico, which will fall due on the 20th of May next i% and still a considers b!e surplus will remain, which should be applied to the further f nrebase of public stock and reduction of the debt. Should enlarged appropriations be made. the necessary coneeluence will be to post pone the payment of the debt. Though our debt,as compared with that of most other nations, is small it is our true policy, and in harmony with the ge nius of our institutions, that we should present to the world 160 -rare spectacle of a great republic, p^ a^sang vast restiorces and weal I, wholly ex empt from public indebtedness. This would add still more to our strength, and give to us a still more commanding position among the nations of the earth. WASIIINGTON. M.c 4 fa my message of the sixth of July last, transmit ting to Congress the ratified treaty of peace with Mexico. I recommend the adoption of measures for the speedy payment of the public debt. In reitera ting that recommendation, I refer you to the con siderations presented in that message in its support. The public debt. including that authorized to be ne gotiated, in pursuance of existing laws, and includ ing treasury notes, amounted at that time to $65,- 7711450 41. The public expendittows should be economical, and be confined to such necessary objects as are clearly ithm the powers of Congress. All. such as are not absoltnety demanded should be postpon ed. and the payment of the public debt at the earli est practicable period should be a cardinal princi ple of our public policy. For the reason assigned in my last• annual mes sage. I repeat the recommendation that a branch of the mint of the United States be established at the city of New York. The importance of this_mra sure is greatly increased by the acquisition of the rich mines of the pr. cious metals in New Mexico and California, and especially in the latter. I repeat the recommendation, heretofore made, in favor of the graduation and reduction of the price such of the public lands as have been long offered in the market; and have remained unsold, end in favor of extending the rights of pre-emption to ac tual settlers on the unsurveyed as well as the sur veyed !aids. The condition and operations of the army, and the state ofottiCr branches of the public service un der the supervision of the War Department. are satisfactorily presented in the accompanying report of the Secretary tif War. On the return of peace, onr forces were withdrawn from Mexico, and the volunteers and that portion of the regular army engaged fur the war were dis banded. Orders have been issued for stationing the forces of our permanent establishment various positions in our extended country, where troops may be required. Owing to the remoteness of some of these positions, the detachments have not yet reached their destination. --filotwithstanding the ex tension rf the limits of our ciktatry and the forces required in the new territories, it is confidently be lieved that our present military establishment is sufficient for all exigricies, so long as oar peaceful relations remain undisturbed. Of the amount of military contributions collected in Mexico. the sum of $769,650 dollars was applied towards the payment of the 61st instalment line en der the treaty with Mexico. The further sum of $346,369 30 has been paid into the treasury,and un expended balances still remain in the hands of dis bursing officers and those who were engaged in the collection of these mpleys. , After the prrelama tion of peace, no further disbursements were made of any unexpended moneys arising from this source. The balances on hand were directed to be paid into the treasury, and individual claims on the fund will remain unadjusted until Congress shall authorize their settlement and payment. These claims ate not considerable in number or amount. I recommend to your favorable consideration the sug,zestions of the Secretary of War and the /Secre tary of the Navy in regard to legislation on tlas subject. " Our Indian relations are presented in a most fa serable view in the report from the War Depart ment. The w isdom of our pnbey in regard to the tribes within our limits. is dimly manifested by their improved and rapidly improving condition. A most important treaty with the litenomunies has been recently negotiated by the Commission ers of Indian Affairs in person by which all their land in the State of Wisconsin.,—being about 4,000,- 090 of arxes—% - ts been ceded to the-United States. This treaty will be submitted to the Senate for rati fication at an early period of your present session. With n the last four years, eight important trea ties have been negotiated with different Indian tribes, and at a cost of $1,812,000: Indian lands to the amount of more than 18,500,000 acres have been ceded to the United Slates: and provisions have been made fur settling in the country west of the Mississippi the tribes which occupied this large extent of the public domain.. The title to all the Indian lands within the several States of our Union with the exception of a fee small reservations, is now extinguished, and a vast region opened for, settlement and cultivation. Phe accompanying report of the Pecretary of the Nary gives a satisfactory exhibit of the operations' and condition of that branch of the public service. Al( number of small vessels suitable for entering the mouths of rivers were judiciously purchased durit e' , the war, and gave great efficiency to the squadron -in the Gulf of Mexico. On the return of peace, when no longer valaable for naval purposes and liable to cottsmnt deterioration, they were sold, and the money placed in the treasury. The number of men is the naval service author- ized by law durinz the war, hat been reduced by dpieltarees below the maximum Ased` for the peace e itablishment. Adequate squadrons are wais t tined in the several quarters of the globe where e speric neebas shown their cervices may las most socially employed; and the naval service vas - , liaise or gresler efficiency. I invite attention to the reentimendstion of the r it 7;: f N " ofthetbrettret thrftarin °cps. t den the four officers timbal ba thrfe _ ' Id be drop ronglie role A of Oki ade the setae ; al4 *oaf d e :again' I wire newitssarily dimple:4 butiiitboik agyatisetitialL concur in opinion ih 'the' secretary. that the service wriald be improved by reducing the number of landsmen, and increasing -thewaturinah, *ar s on_ jai-- crease of the numberof office' rs to the esteni of the reduction by dismissal, and still the corps would have fewer cams than a corresponding number of men in the army. The contracts for the transportation of the mail in steamships convertible into, wsr►stesmers, prom ise to realize all the benefits to one commerce and t i the navy, which were anticipated. The first steamer thus secured to the government was ben ched in January, lOU. 1 here are sow seven; and in another year there will, probably, be not less than seireateen afloat. While this great national advantage is secured, our semi and commercial intercourse is increased and promoted with:Germa ny, Great Britain, and•other parts of Europe. with all the countries on the west coast of our continent especially with Oregon and California, and be tween the northern and noathern sections of the United Putts: C*siderable revenue may be ex peeled from postagn; but the connected line from New YOrk to Cnagres, and thence across the isth mus to Oregon, cannot fail to exert a beneficial in fluence, not now to be estimated, on the interesis of the manufactures, commerce, navigation and corn lacy of the United States. As an important part of the system, I recommend to your favorable consideration the mat lisl in at of the proposed line of steamers between New Orleans and Vera Cruz. It promises the most happy results in cementing friendship between the two republics, and in ex tending reciprocal benefits to the trade and manu factures of both. The report of the Pootmaster General will make known co you operations of that department for the past year. It is gratifying to find the revenues of the depart ment. under the rates of postage now established by law, so rapidly increasing. The gross amount of postage* during the last fiscal year amounted to $4,371,077, exceeding the annual average received for the nine years immediately preceding the pas sage of the act of the third of March. 1846. by the sum of $8,463, and exceding the amount received for the year ending the thirtieth of June, 1847, by the sum of $423.184. The expenditures for the year,excluding the sum of $94,672, allowed by Congress at its last session to individual claimants, and including the sum of $100,500, paid for the services of the line of steam ers between Bremen and New York, amounted to $4,108,845, which is less than the annual average for the nine years previous to the act of 1844, by $300,478. The mail routes, on ,the 30th day of June last, were 163409 miles in extent—being an increase during the last year of 9,390 miles. The mails were transported over them, during the same time, 41,012,579 miles; making an increase of transpor tation for the year of 2,124,680 miles, whilst the ex pense was lest than that of the previous year by 235. The increase-in the mail transportation within the last three years has been 5,378,310 miles whilst the expenses were reduced so6,73B—making an increase of service at the rate of 15 per cent. During the past year there have been employed, under contracts with the Post Office Department, two ocean steamers in conveeing the mails month ly between New York and Diemen. and one, since October last. performing semi-monthly service be tween Charleston and Havana; and a contract has been made -for the transportation of the Pacific mails across the isthmus from Chagres to Panama. Under the authority given to the Secretary of the wavy. three ocean steamers have been constructed and sent to the Paciffc, and are expected to enter upon the mail service between Panama and Ore gon. and the jute mediate ports, on the first of Jan narynext, and a fourth has been engaged by him for the service between Havana and Chagres; so that a regular monibly mail line will be kept up after that time between the United States and our territories on the Pacific. • Notwithstanding this great . increase in the mail service, should the revenue continue to increase the present year as it did in the last, there will be . received near $450,000 more than the erpenditores. These considerations..have satisfied the Postmast er General that, with certain modifications of the act of 1845, the revenue may be stilt farther in creased, and a reduction of portages made to a uni form rate of five cents, without an interference with the principle, which has been constantly and prop. erly enforced, of making thatdepartafent sustain it self. A well-digested cheap postage system is the best means of diffusion/ intelligence among the people, and is of so much importance in a country so ex tensive as that of the United , States. that I recom mend to your favorable cousideration the mines lion of the Postmaster General for Its improvement. Nothing can retard the onward progress of our country. and prevent us from assuming and main taining the first rank among nations, but a disre gard of the experience of the past. and a recur rence to an unwise public policy. We have just closed a foreign war by an honorable peace—a war rendered necessary and unavadable in vindication of the national rights and honor. The present con dition of the country is similar in some respects to that which existed immediately after the close of the war with Great Britain in 1815, and the occa sion is deemed to be a proper one to take a retro spect of the measures of public policy which fol lowed that war. There was at that period of our history a departure from oar earlier policy. The enlargement of the powers of the federal govern ment by anotrudion which obtained was not war ranted by any just interpretation of the constitution. A few years after the close of that war, a series of measures was adopted which, united and combined constituted what was termed by their authors and advocates the 4 •American system." The introduction of the new policy was for a time favored by the condition of the country; by the heavy debt which bad been 'contracted during the war; by the depression of the public ctedit; by the deranged state of the finances and the currency; and-by the commercial and pecuniary embarrass ment whit h extensile'', prevailed. These were not the only causes which led to its establishment. The events of the war with Great Britain, and the embarrasments which had attended its prosecution, hail left on the minds of many of our statesmen the impreei on that our gov =mein was not strong enough, and that to wield its resources successful ly in gera emergencies, and especially in war. more power should be concentrated in its hands.— This increased power they did not seek to obtain by the-legitimate. and prescribed mode—an amend ment of the constitution—buir by orrnstrudan.— They saw governments in the old world based up on different orders: of society, and so constituted as to throw the whole power of nations into the hands of a few, who taxed and controlled the many without responsibility or restraint. In that arrangement they conceived the strength of nations in war con sisted. There was also something fascinating in the ease, luxury, and display of the higher orders, who drew their wealth from ihe toil of the laboring. millions. The authors of the system drew their ideas of political economy from what they haul wit nessed in Europe. and particularly in great Brit ain. They had viewed the enormous Smith con centrated in few hands, and seen the splendor of the overgrown ,eutablishments of sit aristocracy which was upheld by the restrictive policy. They forgot to leok down upon the, poorericlassies of the English population, upon whose daily and yearly labor the great establishments they lso Much ad mired were sustained- -and stipported. They failed to perceiveihat the scantily-fed and half-clad ope ratives were sot only in abject poverty, bat were bound in chains seif• oppressive servitude for the benefit of Clewed classes, who were the exclusive objects of the care of the government. . It was tint possible to ree.onstract society in the United States upon the European plan. Here there was a written constitution. by which .orders and titles were Dot recognised or tolerated. A %l i ra% of measures was therefore devised, ealculat , if not iniendel.to withdraw power gradually an si lently from the States and the mass of the plc, and by c.oastrudion to approximate out ;overcame:la of wealth for that of orders and•tides. Without reflecting upon-the dissimilarity of oar do d oritteliliuditirrVir gemlike and their ofAlu they egiiceivlid vain kilita of bultdintlip ellaltik a*gstem *War *at which y admired oadr, Greapritain hatta nooonatiank Of Inge eipitalatt wboiallaida waitcosieentraied the controlhng kin netmli and 41--, 4 11 : 'Ojai pinfeeof the nation; almost kingly power, and exerting vast influence upon all the operations of trade, and upon the poll .cy.of-iitesaveramfeet iMelt, Great Britaist haters enormous public bt. and ill had become a part of ber public policy to regard this as a "public bless ing." Great Britain bad afro a restrictive policy, which placed fetters and burdens on trade, and trammeled the productive industry of the mass of the nation. By her combined system of policy, the landlords and other property-holders were protec ted and enriched by the enormous taxes which were levied upon the labor of the country for thetr ad vantage. Imitating this foreign policy, the . first step in es tablishing the new proem in the U. States was the creation of a national bank. Not foreseeing the dangerous power and countless evils which such an . institution might entail on the country, not perceiv ing the connexion whi,.b it was designed to form be tween the bank and the other branches of the mis called "American system," but feeling the embar rassments of the treasury, and of the business of the country, consequent upon the war. some of our statesmen who had held different and sounder views were induced to yield their scruples, and, indeed, settled convictions of its unconstitutionality, and to give it their sanction, as an expedient which they vainly !toyed might produce relief. It was a most unfortunate error, as the subsequent history and final catastrophe of that dangerous and corrupt in stitution have abonndantly proved. The bank, with its numerous branches ramified into the States, soon brought many of the active political and commer cial men in different sections of the country into the relation of debtors to it, and dependants upon it for pecuniary favors; thus diffusing throughout the mass of society a great number of individuals of power and influence to give tone to public opinion. and to act in concert in cases of emergency. The corrupt power of such a political engine is no longer a matter of speculation, having been displayed in numerous instances, but most signally in the poli tical struggle of 1.832-'3-'4, 111 opposition to the pub lic will, qpresented by a fearless and patriotic Pre sident. Bat the bank was but one branch of the new sys tem. A public debt of more than $120.000,000 ex isted, and it is not to be disguised that many of the authors of the, new system did no, regard itsspeedy payment as essential to the public prosperity, but looked upon its continuance as no national evil-- Wail:it the debt existed. it furnished aliment to the national bank, and rendered increased taxation ne cessary to the amount of the interest, exceeding $7,- 000.000 annually. This operated in harmony with the next branch of the new system, which was a high protective tar iff. This was to afford bounties to favored classes and particular pursuit, at the expense of all others. A proposition to tax the whole people for the pur pose of enriching a few, was too monstrous to be openly made. The scheme was, therefore, veiled ander the plausible bat delusive pretext of a meas ure to protect "house industry ;" and many of oar people were, for a time, led to believe that a tax "hick in the main fell upon talior, was for the bene fit of the laborer who paid it. This branch of the system involved a partnership between the govern ment and the favored classes—the former receiving the proceeds of the tax imposed on articles import ed, and the latter the increased price of similar arti cles produced at home, caused by such tax. It is obvious that the portion to be received by the favor ed classes would, as a general rule, be increased in propor.ion to the increase of the rates of tax impos ed, and diminished as those rates were reduced to the revenue standard r •quired by the wants of the government. The rates required to produce a suffi cient revenue for the ordinary expenditures of the government. for necessary purposes, were not lisely to give to the private partners in this scheme profits sufficient to satisfy their cupidity; and hence a va riety of expenditures were resorted to for the pur pose of enlarging the expenditures, and thereby cre ating a necessity for keeping up a high protective tariff. The etTeet.of this policy was to Interpose ar tificial restrictions upon the natural course of the business and trade of the country, and to advance the interests of lane capitalists and monopolists, at the expense of the great mass of the people, who were taxed to increase their wealth. Another branch of,tnis system was a comprehen sive scheme of internal improvements, capable of indefinite enlargement, and sufficient to swallow up as many millions annually as cold be exacted from the foreign commerce of the country. This was a convenient and necessary adjunct of the protective tariff: It was to be the great absorbent of any sur plus which might at any time accumulate in the treasury, and of the taxes levied on the people, not for necessary revenue sorposes, but for the avowed, object of affording protection to the favored classes. Auxiliary to the same end, if it was not au essen•. teal part of the trystem itself, was the scheme which, at a later period, obtained for distributing the pro ceeds of the sales of the public .lands among the States. Other expenditures were devised to take money ont of the treasury, and prevent its corning in from any other source than the protective tariff.— The authors and supporters of the system were the advocates of the largest expeudatures„ whether for necessary or useful expenditures or not, because the larger the expenditures the treater was the pretext for high taxes in the form of protective duties. These several measures were sustained by popu lar names and plausible arguments, by which thou sands were deluded. The bark was represented to be an indispensable fiscal agent for tbe government; was to equalize exchanges, and to regulate and fur nish a sound currency, always and everywhere of uniform value. The protective tariff was to give employment to "American labor" at advanced pri• ces •, was to protect home industry," and furnish a steady market for the farmer. Internal improve ments were to bring trade into every neighborhood and enhance the value of every man's property.-- The distribution of the land money was to enrich the States, finish' their public works, plant schools throughout, their borders, and relieve them from taxation. Sot the fact, that for every dollar taken out of the treasury for these objects as much larger sum was transferred from the pocket of the people to the favored classes, was carefully concealed, as was also the tendency if not the ultimate design of the system to build op an aristocracy of wealth, to control the masses of society. and monopolize the political power of the country. The several branches of this system were so inti mately blended together, that in their operation each sustained and strengthened the others. Their joint operation was, to add new burdens of taxation and to encourage a largely increased and wasteful ex penditure of public money. It was the interest pf the bank that the revenue collected and the disburse meats made by the government should be large. he cause, being the depository of the public money, the larger the amount, the greater would be the bank profits by its use. It was the interest of the favored classes, who were enriched by the protective tarff, to have the rates of that protection as high as possi ble; for the higher those rates, the greater would be their advantage. It was the interest of the peo ple of all those sections and localities who expected to be benefited by expenditures for internal im provements, that the nainnim collected should be as large as possible to the end, that the sum distributed might al.(' be the larger. The states being the be neficiaries in the distribution of the land money, bad an interest in having the rates of tax imposed by the protective tariff large enough to yield a sufficient revenue from that source to meet the wants of• the government, without disturbing or taking from then the land fund ; so that each of the branches consti tuting the system had a common interest in swelling the public expenditures. They had a direct interest in maintaining the public debt unpaid, and increas ing its amount, because this would prodder an an nual increased drain upon the treasury, to the am ount of the interest. and render augmented taxes ne cessary. `The operation and necessary effect of the whole system were, to encourage large and extra- Meant expenditures, and 'thereby to increase the public patronage. and maintain a rich and splendid government at the expense of a taxed arrd impover ished people. It is mantreNt that this scheme of enlar;ed•[azation and eapandatures, had it cuntialued to prevail. thust '''lZoiiiiive - ionve et go OM llnton, intended by its fiamers to be plf[n, cheap, and simple confederation of Males, united, together for r.A .. „ro!tietkiigitid charged, witirliTetignereilte tiesaelatim e) j' to oar toreigd airaip; in4k.a atedr*Toplii, depriving Met tatea47 thoir re)erve4righbil-and the people &the:lH pofter and cosifrol jitheidministration oft theittkovea-' Mint. ..• 1 1n this maitpr the wholeTt e laid itliaratifer itt tbeinverobientAitoold be than Atop* sit 't"ti endment of the convtitution. but by resorting to an unwarrantable and unauthorized construction of 5,`" The indirect made of levying the taxes by a•duty on imports, prevents the mass of the people -from readily perceiving the amount they pay,and has en abled the few who are thus enriched, ana who seek to wield the political poirer of the country, to de. cetve and delude theta. Were the taxes collected by a direit levy upon the people, as is the case in the ! tales, this could not occur. The whole system was waisted from its inception by many of our ablest statesmen, some of whom doubted its constitutionality and its expediency, while others believed it was, in all its branches. a flagrant and dangerous infraction of the constitu- UOO. - Th 11 Wm rat a nations mk, "Trot.. live tariff, leek not to raise the revenues needed, but.for protection merely. Internal improvements, and the distribution of the proceeds of the sale (of the public lands, are measures without the warrant of the constitution, would, upon' the maturest consideration, seem to he clear. It is remarkable that no-one of these mess % tires, involving such momentous consequences, is authorized by any express grant of power in the constitution. No one offrhem is "incident to, as Ile ne accessary and priiper for the ,execution of the spacific powers" granted by the Constitution. The authority under which it has been attempted to jus tify each of 'them is derived from inferences dc, con structions of the constitution which itsletter and its whole object and design do not warrant. Is it to be conceived that such immense powers would pave been left by the framers of the constitution to inere inferences and 41,Dubtful constructions! Had it been intended to confer them on the federal governtnent, it is but reasonable to conclude that it would have been done by plain and unequivocal grants. This was not done; but the whole structure of which the "Americansystem" consisted. was reared on no other or better foundation than fotced implications and inferences of power which its authors assumed might be deduced by construction from the consti tution. i; • But ithai been urged that the national bank, which constituted so essential a branch of this com bined system of measure.s, was not a new measure, and that its constitutionality had been previously sanctioned, because a bank had been chartered in 1791, and had received the official signature of Pre- . sident Washington. A few facts will show the just weight.to which ; this precedent should be entitled as bearing upon the question of constitutionality. Great.divisions of _opinion upon the , subject exis ted in Congress. It is well'known that President Washington entertained serious doubts both ai to the constitutionality and expediency of the measure; and while the bill was before him for his official approval or disapproval, so great were these doubts. that he required "theopinion in writing" of the mem bers of his cabinet to aid him in arriving at a deci sion. His cabin - et gave their opinion, and were di vided upon the subject—General Hamilton being in favor of, and Mr. Jefferson and Mr. Randolph being opposed to the constitutionality and expediency, of the bank. It is well known, also, that President Washington retained the bill from Monday the . 14th, when it was presented to him, until Friday, the 25th of February—being the last moment permitted him by the constitution to deliberate, when he finally yielded it his reluctant assent. and gave it his sigha tare. It is certain that as late as the 23d of Februa ry—being the nintn day after the bill was presented to him—he hid arrived at no satisfactory conclusion; for on that day he addressed a note to Gen. Hamil ton, in which he informs him that "this bill was pre sented to me by the joint committee of Congress at 12 o'clock on Monday, the 14th• inst.:" and he re quested bis opinion "lo what precise period, by legal interpretation of the constitution, can the President retain it in his possession. before it becomes a law by the lapse of ten days." if the proper construc tion was, that the day on nhich. the bill was pre sented to the President, and the day on which his action was had upon it, were both to be counted in clusive, then the time allowed him, within which it would be competent fur him to return it to the House in which it originated with his objections, would ex pire on Thursday. the 21th of February. Gen. Ha milton on the same day returned an answer, in which he states':; "I give* as my opinion that you have ten days; ezelusivelof that on which the bill was delivered to you, and t r i nndays hence, in the present case, if it isreturn on ertday, it will be in time." By this construction, which the President adopted, he gain ed another - day for deliberation, and it was not until the 25th of February that he signed the bill; . thus affording conclusive proof that he bad at last ob. rained his own consent to sign it not without great and almost insuperable difficulty. Additionailight has been recently shed upon. the serious doubts which he had on the subject, amounting at one time to a conviction that it was his duty to withhold his approval from the bill. This is found among the manuscript papers of Mr. Madison, authorized to be purchased for the use of the government by'an act of the last session of Congress, and now for the first rime accessible to the public. From these pa pers, it appears that President Washington, while he yet held the bank bill in his hands, actually request ed Mr. Madison, at that time a member of the House of Representatives, to prepare the draught of a veto message for him.. Mr. Madison, at his request, did prepare the draught of such a messag e, and sent it to him on the 2lst of February, 1791. A copy of this original draught. in Mr. Madison's own hand writing, was carefully preserved by him, and is am ong the papers lately purchased by Congress. It is preceded by a note, written on the same sheet, which is also in Mr. Madison's handwriting. and is as fol lows "Febrnary 21st. 1791. Copy of a paper made ont and sent to the President at his:request, to be read); in else his judgment should finally decide against the bill incorporating the naqoual bank, the bill being then beforeitim." Among the objections assigned in this paper to the bill, and which were submitted for the considera tion of the President, arc the following : object to the bill, because it is an essential principle of the government, that powers not dele gated by the Constitution cannot be rightfully exer cised; because the power proposed by the-bill to be exercised is not expressly delegated, and because I cannot satisfy myself that it results from any ex press power by fair and safe rules of interpreta tion." The weight of the precedent of the bank of 1791, and the sanction of the great name of Washington which has been to often invoked in its support. are griatly weakened brthe development of these facts- The experiment of that bank satisfied the country tha: it ought not to be continued, and at the end Of twenty years Congress refused to recharter it. ft would have been fortunate for the country, and sav ed thousands from bankritptcy and ruin, had our public men pf 1816 resisted the temporary pressure of the times upon our financial and pecuniary in wrests, and refused to charter the second bank: Of this the country become abundantly satisfied. anitat the close of its twenty years' duration, as in thelease of the first bank, it also ceased to exist. Under the repeated blows of President Jackson, it reeled pod fell, and a subsequent attempt to charter a similar institution was arrested by the veto of President Tyler. Mr. Madison, in' yielding his signature to the charter of 1818, did so upon the ground of the respect due to precedents; and, as he subsequently declared, .'the Bank of the United States, though, on the original question, held to be nnconstitutional, re ceived the EICCUIit e aignlture." It iv probable that neither the bank or 17./1. nor th t of 1816, would have been - chartered but fur the embarrssinents of the government in its finances, the derangement of the currency and the pecuniary pressure which existed—the:first the consequence of the war of the revolution, and the second the con sequence of the war of 1812. Both were resorted to in the delusive hope that they would restore pub lic credii.and afford relief to the government, and to the business of the country. Those of our public men who opposed the whole merie.an system at its coulmenceinent.h through -ow its pnsreSs, foresaw and prcdtcted that it was - fiaog it firenktiiffitem=tem; and tons! iesoh in serious injury to the best interests of the.countr). For a series of years their wile councils were nn. hem . , Icidr andihn s3stem was established. It was *on appiteni that its, practical operation was rm. rival anikunjOst 'upon different portions-of the imsntry, *id upon the, people engaged in - diffrrent putsuits.rikli were equally entitled to the favor and protection: of the gq-vernment. It fostered and etc'. theAnyney, power, and enriched the favored few by tarn, labor, and at the expense of the mar l . Its eff'ects was to "make the rich richerand the po ur . 400cia,,,, e jokmodrenwratbieosaistseriiatinetioas society bassi on wealth, and to give to the favored -classes undue ten rot and,swoy in our government; II was an organized money power, 'which resisted the popular will, and sought to shape and contrU Cie public policy. Under the pernicious workings of this combined system of measures, the country wiintased alternate seasons of tompurary . spparent pnre_perity; of sad. den and disistroui commercial - revulsion , ; t r or. precedented fluctuation of prices, and - depression of the great interests -or agriculture, navigation and commerce, of general pecuniary suffering. and of fi nal bankcuptcy of thousands.. Angle weft:unmet of more than a qnarter of a century - the system was overthrown. Itective 11 EMI The bank has been sneeeded- by g practical'sys tem of finance.conducted "and controlled solely by the governhient. The constitutional carreney has been restored; the public credit maintained unim paired, even in a period of foreign war; and the whole country has become saLisfied that banks, na tional or State, are not necessary as fiscal agents of the government. Revenue duties have taken the place of the protective. tariff: The distribution of the money derived from the sale of the public lands has been abandoned, and the corrupting sys. tem of internal improvements, it .is hoped, has been effectually. checked. It is not doubted, that if this whole train of me n . sures designed to take wealth from the many, and bestow -it upon the few, were to prevail, the effect would be to change the entire character of the. go vernment. One only dancer remains.. It is the seductions of that branch - orthe system, which con sists in internal improvements. holding out, as it does, inducements tq the people of prticular sec tions and localitims to embark the government iq them without stopping to calculate the inevitabl e consequences. • This• branch of the system is 511 i n .. timately combined and linked with the others, that as surely as an effect is produced by an adequate cause. it is to be resuscitated and revived, and firm - ly est a blished, it requires -no sagacity to foresee that it will - necessarily and speedily draw' after it the re-establishment of a national bank, he revisal of a protective tariff, the distribution of the land money, and not only the postponement to the dia. taut future oil the payment of the present national debt, but its annual increase. I entertain the solemn conviction, that if the In ternal improvement branch of the "American systein" be not firmly resisted at this time, the Whole series of measures eomposing it will he ;(seedily re-established, and the country be thrown back from its present high state of prosperity,- which the exhaling policy has produced. and -be destined-again to witness all the evils, commercial revulsion/a, depression Of prices, . and peemiary emteirrassments, through which we have passed during the last twenty-five years. ' To guard apinst consequences so ruinous, is an object of high national importance, involving in my judgment the continued prosperity of the country. I have felt it to be an imperative oblig7rion to withhOld my constitutional sanction from two hills which had passed the two houses of Conglyir., involving the principle of the -internal irnprore• merit branch of the "-American system,'' and conflicting in their provisions with the views here expressed. This power conferred upon the President by 11. e ctmstitution, I have. on three occasions diirinz my administration of Ate executive department of the government, deemed -it my duty_ to exerrise';, and on this Ihst oceasion of making to Congress an. annual communication "of the state of the Union," it is not deemed inappropriate to review the pun eiples and considerations whichltave governed my action. • I deem this the more necessary, becanK., - after the lap , o of nearly sixty years since the adop. Lion of the Constitution, the propriety of the exec _ cise of this undoubted constitutional power by the President has for the first time been.. drawn seri ously in question by a portion of my fellow-eifo zeta. The constitution provides that "every , shall have passed the House of Representatiies and the Senate shall, invariably before it become a law, be pres.e - uted to die President of the United States; if he approve, he shall s'qn it, but it not, he shall re:urn is with his objectione r to that gorse in which it shall have originated, who shall enter the objections at large ou their journal and proceed to reconsider it." • The preservation of the constitution from infrac tion is the President's highes• 'hay. He is bound to discharge. ffiat . duty, at whatever hazard of incurring 'he displeasure of those who may differ with him in opinion. He is bound to discharge as well 'by his'obligations to the people who have clothed hem with his exalted trust, as by hi:4'mill of office, which he may not dkirr7,ard.: Nqr are • the obligations of the President in qvany de-tree lessened by the prevalence of views different from hie. awn in one or both houses of Conr*res. it is not alone hasty and inconsiderate legislation that he is required to check; but if at any tittle . Con- • gross shall, after apparen ly - full deliberation, resolve on measures which he deems subversive of the constitution, or of the . vital- interellts of the country, it is his solemn duty to stand in breach and resist them. The Presidein is bound to approve or disapprove, every bill which pastes Congress and is presented to him -.for his sjgnatnre. The constitution makes this his duty, and' he cannot escape if be,would. Ile has no election. In deciding upon any bill presented to him, he niust exercise his own best judgment. It' he cannot approve, the constitution commands him to return the bill to the Hoitse in which it originated, with his oljections . ; and if he fail to do this within ten days, (Sendays excepterl,)it shall. become a law without his signature. Right or wrong, he may.be overruled by a vote of two-thinly of each House: and, in that event. the bill becomes a law without his sanction. if his objections be not thus over: ruled, the subject is only postponed and is referred . • to the Senate and the people for their consideration and 'decision. The • Preident's power is tent ative merely, and not affirmative. He can enact no law. The only effect, therefore, of has withholding, his approval of a bill passed br Congress, is to suffer the existing laws to remain. unchanged, and the delay occasioned is only 'that require Ito enable the States and the people to consider and act noon the subject in the erection of public agents who will carry out their wishes slid in:sit-m.6(ms. Any attempt to coerce the preshient to yield his xenon* to measures 'which he cannot approve, would - ,be a viola.ion of the spirit of the constitution, palpable and flagrant; and if success ful, would break down the independence of the executive department, and make the President, ' elected by the people, anti clothed by the comaitti lion with power to defend their rights, the Vmcre instmment of a majority of Congress. A surren der, on his part, at the powers with which° the constitution hai inverted his office; would elf c.; a practical alteration of that instrument, "without re sorting to the pr . "cribekt process of amendment. . With the motive: or cousiderations which may induce Congress to pass any bill, the President can -havellothing to do, lie mast presume them to NI as pure as his owni and look only to the prat-heal effect of their measures when compared with the constitution or the publie_good. But it has beedurged by these who object to the exe-eise of this undoubted constitutional power, that it assails the representative principle and the capacity of the people -'a govern themselves; that there is greater safety in a minterons representa• tivetenly than in the single Executive creep:ll . . l l the constitution, end that the executive veto is " uneanan povret," despotic in its character. To . expose the faliery of this objection, it 'is - only oeeestrary triconsitler the fame anti true character of our system. Ours is.not a consolidated enipin't • tit a confederated L Honor. Thu States; before the