The pradent cBpjtalistA,witl never adven.jt,
turo his capital in 'manufacturings establish
menu, or in an) Bfir Nuding bui?
nit nMiffl. if ififfl ptisI if ilatn'f'Tnf
uncertainty as ,to whether (he i Govern (
roenl will "repeal to' mofrofo'haYhas;
ene4lsMayi FilfuU;pt08i' hewsver.
liight if threatened with a rainous reduction
by a vacillating policy on the part of
Oorernmen(,will "scarcely 'tempt him to
truit the money which he has acquired by
n life of labor.upon the uncertain adventure.
I, "therefore, in the spirit of conciliation,
and influeticcd:by no other desire .'than 6
rescue he great interests of tho country
fro'Svlhe vortex of political contention, and
id the discharge of the high and 'solemn
duties of the place which i now occupy
recommend duties imposed with, a wise
discrimination, as la their several objects, as.
being not only most .likely to be durabl),
but most advantageous to every interest of
society.
The report or the Secretary of tho War
Department exhibits a very full and satis
factory account of the various and important
interests committed .to the charge pf that
officer. It is particularly gratifying to find
that the expenditures for, the military ser
v'icd are greatly reduced in .amount that
a strict system of economy lias been in
troduced intoi the. service, and. the, abuses
of past, y'eartigreaily reformed. T.he, Xorli-,
ficaiionsion our-jrtaritimeJrontiorhaye been
prosecuted jwilh muclhvigor. andial .many
pain te'our defences" are. in a, veryirconai
derabje state of fdrwardness. The.augges,
tionsumrb'fererice is the. establishment .of
means .of .communication' with our territories
on the Pacific; and tq thesurveys go essent
tial to a knowledge; of. the intermediate
country(1are enl'ukd to the tmost favorable
consideration. While I would propose
nothing inconsistent. with friendly negocia
(ions to settle tliBifextent of our claims in
that region, yet a , prudenl.forecasti points
ouf the 'necessity of such measures as may
enable . us to. maintain our rig'its.vc -The.
arrangements made for preserving our
aeulral relations on the boundary!) between
us'nrid Texas, and keeping in cheek the
Indian's in that quarter, Wlllitbd 'main
tained) sol long as circumstances may
require.
ft For several- years angry contentions'
liaigTOwn out of the; disposition? directed
bylaw t'oibe' m'ade of the mineral lands
heldtby the 'Government in several of the
Stales.' The rGovernrnent is constituted
ihftlandlbrdiand'ihe citizens of the States
wherein IkT' the lands; are its tenants. The
TfrHtion ii' aa'cnwiae one, and. it would be
irldch more candueivoof the public "interest
that a' sale. o the:-lands should'be made
thitrthat they should remain in their present
condition. 'The supply of the ore iwould
is more abbndantlyand. certainly furnished
v4ien.tobedrawil from tlio 'enterprise and
-the industry of the1 proprietor, :tban' under
the present system.1-
recommendation of the Secretary in
reardtqrthe imprflVemqnts tf .the vjest'erH1
waters and certain' prominent harbors on
thYI'akW, metif.and 1 doubtmot .will receive
vour serious attention. The eieat iniodr-
.tance of these subjects' 'to the prosperity of
the'extensive region referred 'to, and 'the
county of the whole country in time of
war. cannot escape observation. The
losses of life and property whicb" annually
occur iu the navigation of the Mississippi
alon'e.bccause'of the'dangerous obstructions
irPthe river, made' "a1 loud detnandsv4i'p6n'
Congress for the adoption of 'efficient
meaaUrts'for iheir 'removal. r(
The 'report of the Secretary of tho' Navy'
will! bring ;y6o 'acquainted with that irap6r
tani branch -of tho" publico defences.
Considerinr the already vest and daHv
increasing commerce of the 'country, apart
frorriMhe'cxposure 'to hostile -inroad of an
extended seaboard, all that .rslates to the
Navy is calculated -to excite paitioular
attention. Whatever tend to add Mo its
efficiency, without entaiKng Unnecessary
charges upon tho Treasury, is well worthy
of your serious, consideration It well be
seen that while an appropriation exceeding
by less than a million the 'appropriations of
ine present year,is asueu oy ine secretary,
yet that in this sum is proposed to be in
cluded 4)400,000, for the purchase of
16thihg, which, when once expended, will
tdannually 'reimbursed by the sale of the
clothes, and will thus constitute a perpetual
fund', wi'hbut any new appropriation to the
Bathe object. To thl may also be added
4S0,'00ft, askod to cover the arrearages of
plsl.yc'ars, and 9250,000 in order' to main
laih'a competent squadron on the coast of
Afrjca;' all of which, when deducted, will1
reduce the expenditures nearly' yirikhin the'
limits' of ihose of the current year. 'While,
licHvevVrthe xjieniJiluref? will'tlius remain
vlnearlthffsame as of' the antecedent
yc arHl Ts proposed to add greatlv to the
operajjons' rtrthe Marine, andn1n lieu 'o'f
ohlyj25 sh'i'ps'in commissloaVand'but little
5 JrYewity of buildings) to keep, witn the
"i'ttte;w expenditure ' forty .one vessels"
.aflbljtf 3nil to liiildv twelve shins "ofV'smalf
'k srict system of accountability is 'estab'.
iiJiiiinj diiu giciti pains are lutten tu ins'ire
indnslr, fidelity arid economy, in every
JeplJrtmeaV pf duty .Experiments liivd'bein
ihyfrtte.dotejt the quilif of various 'ma
ffilMSi partlelarlyj copper, 'iron 'and
oal,teb zj?no prevent fraud and impost
tion. , f '
!..Jt'iirapiJttar bv thVreneit at the Toil
roHS.iepneratlarthe great point whicli,(
(cit 'ftVl'nrjil' Vfl:ro Worn Ubf' an nktiMi AeMiraA
... T
TVV
uur'ner Po, current year, oeen liniy
Denarlmeul; Jor tlic.ciirrent. rear, .have been
prougnuwiiniri us icnino wiiiot-,Hesenw
ing iw gerieral trtefblhewrif .Taire'has!een'
an increase of r'e'yenne'eqtill ucf if l6u,Mo',
oVJeariJ842' oveMlti of 8ir,WjtKiu
as it is believeu, anyaddiUoii "liaving been"
made.'to tho-number of letters and-newspa.;
i-os i uiuce ibws navo oeen nonesiiy au
ministered, and fidelity has been obsetved
in accounting for, and paying over by the
subordinates of the Department the moneys
which have been tecelved. For the details
pfjlie service, I refer you to, tho rjepfirt. 8
I flatter myself that the exhibition thus
made of'tho condidtlon of the p'ublicadmlriy
istration, will serve to convince.. ypu (hat
every proper attention has been paid to, the
interests of the country by those , who have
called, to the .heads of the. different Depart
rnents. The reduction - in. ltiev,annual ex
penditures of the Government alr.eady
accomplished, furnishes a sure evidence that
economy in the application or ine pubho
moneys; . is regarded as a paramount
dnty. , , , -
At.peace, with all the, world the'person
al liberty of the citizens sacredly maintained
and hia rights secured under political instilu
tions deriving all their, authority from- the
direct sanction of the. .people with a soil
furtile almost beyond example, and a court
try blessed with every diversity of! clintale
and production, what remains to be done
in order to advance, the happiness. and pros
periiy of audi a people? Under,Ordinary
circumstances, Hhis enquiry .could, readily
be. .answered,' The' -best that probably,
couldibo done for a people inhabiting .such
a countrywould be to fortify their peace
and i. security in the prosecution of their
various pUisuits, by guarding them againdt
invasion ,froni without,. and violence from
within. The-,rest,- '(or- the. greater part,
might, beilef lortlicic.bwnienergy and en
terprise. The thief embarrassments which
ali the momenti exhibit themselves,, have
arisen from oyer action, and the nfost
difficult, task which remains to bo accom
p'ished is that of,uorrecting and overcoming
its effects. .Between the years 1833'and
1838( additions were made to bank '.capital
and bank is3ues(in the form of tiotes designe
ed for circulation, to am extent enormously
great, ! -The' .question', seemed to bef not
how the best .-currency could be'p'rovided,
but in what'mannenthe gveatest anioiintKof
bank paper could, bei put in" circulation.
Thus' avast. amount of what was) called
mon6y sincejifowhenime being; it an
swered the purpose of money; was thrown
lupbn the 'country; an over issue1 wliich
was a neccsssry consequenrle;by aii extrava
gant increase of-the prices of all articles iof
property the spread of a speculation mani.
all over the country,' and has finally Glided
inia general indebtedness Jon that paTt"of.
Statea and individuals,1 tho prosfratiorl1 oP
public. and private credit, a depreciation. in
the market value of real and personal' estate
and has left large districts ofcduntryalmost!
entirely without any circulating medium.
In view of the fact that, in 1830 the whole
bank note circulation within IheUiiited
States amounted, to but' $7l323,8d8,-rac1
cording to the Treasury statements;, and
that addition had been mado-lhereitv of the'
enormous (sum of $88,000,000 in seven
years, lYlho circulation1 on the first Janiiarv"
1837, being stated a; SI49,185,800.) aided
by the great facilities afforded in obtaining
loans from European capitalists, who were
seized with the same speculative mania
which prevailed in the United States and
the largo importations of funds from abroad,'
the result of stock Bales and loans no one'
can be surprised at the apparent, but 'un
substantial state of prosperity Which1 every
where prevailed over the landsorid while
tittle cause of surprise shduld' be' felt' at
the present prostralion rtf every 'thing; and
the ruin which has befallen so many of
our fellow-citizens in the sudden withdrawal
from circulation of so large an amount of
bank issues; since 1837 exceeding, as is'
believed, the amount added to the paper
currency for a imilarr peribd.anlecedenUto
il-83G, it ceases, to be a malter-of. astonish
ment that such .extensive shipwreck should
nave'beenimade of private fortunes, or thai;
difficulties should, esist in meeting their
engagements ;on tho part of the debtor;
States, A.part from .which, if there bo
taken into, account llio immense, losses
sustained in.the.dishoneroCnumernus banks,
it is less a mtlerrof surprise that insolvency1
should .liave visiteu many oi;our .lellovv-;
citizens, than that s( ..-any should have,
escaped the .blighting in flue noes of tho,
times. , r v
In the solemn conviction of these'truths?
and With -an xardent desire to meenuho'
pressing' necessities of the country ci'Seh ii
to be my duty to cause to be submitted v-to
you, at tho commencement of your late
session', the plan of an 'Exchequer, .the
whole power anil duty of maintaining wliich
in purity ind vigor, wau'to:be exercised by
the Ke'ptes'entativesof the feoplo and the
States, an'dljx therefore, virtually "bji t'm
Pebnle themselves: ' lit was v proposed to
place -it under' the control 'and direction -of
iim n : l .. . . . . . . i
avJ reasury oru,"'no coiiifibi "oi iiiruo
Commissioriers', 'whose daty it should be!J
see tnai Hie mwui (u'chohoii was laiiiuuiiy
executed, and that tlitngreat.-end ol supply
frig a paVer medium 'onexdh'ange, -at 'all
times' convertible inlo'goldtand eilveY.shduld
be attached. Tlo Ooard 'thusrcqnsti(uted)
was'given as mudli permaticyas' coUld' be
Imparled' (o it. wilhouP'endancoririgi" the
propcr'shareof rcspoii6ibilityiwlitch'sliould
attach to all 'public agents, in order -to
iqslire all the advantages of a well-matured
exnerlcMeV tho- Cemiflissiotier Wre vio
hold their offipft-for tliesjwlvtpJJahat:thd motive to
oi iwo.tour, (S.x art,icwsespni tgress isflgetipraMti.rndWkd
ijiaii times inRie manefcieBt, oT,ih Exche be. Theltheofy bf.m fhsiiiutionsf
si!" 1""'"" "V''"H";i'WPerieciMcuriiy,Bta!nsiBa" proceed
exerL-iso peneci inueiicnuence oi minu am
sctionMl'was-provided-thal -their, removal
or infidelity to the trust, and to be followed
by the Piesident with art exposition of tho
causes of Buchtremuvaj; should ir occur. If
was proposed to "estiblish subordinate
boards in each of the States, under tho
.same' restrictions' ami Jfmifations ,ofvb
power of removal; which, with tho central
board, should receive, safelykeep; and
.disburse the public. moneys; and ,iij prder m
furnjsh a sound paper medjum.of exchange,
the Exchequer slioud relain,9f ,(ho reyen
tics of the Govermenl a.'siim ppt to .exceed
85,qo0,0pO. in, specie, to '.bo .sql apart jib
required by its operation, either n speeie
or Treasury .noips, ,of denomjnatiqns, .not
less than fVve,, nor exgecding'pne hpodrcil
dollar's, .wicli,nutc's .should b'e.rejjcempd ,a,t
the several places of, rssuej and io be .re
ceivable at al times and every , wjierp. in
payqient of C?overnmerit, iiue?,, wpb ,a
restraint. nnon. such issiiri nf hitU tlmt ihn
samp shpuld not excce.d the mifximurn of
Siio.uuu.uuij in order o guard against
all the hazards, incident to, fluctuations, in
trade, the Secralaryj the Treasury wps
invested with authority to. issue $5,000,000
of Government, stock, shoujiKlhe, same, .at
.any time vho,rcgard?,d as nerjessary, in order
rost ,. supslantia y. pn, lO.OOO.OOO.-- and
keeping in circulation ny.qr;, more ihan.one
and a Jialfdoljars, for every dojlar; in, .specie.
When to this jv,is,,added. ,tha(:tlie. bills; are
not, only ,every where; receivable jn .Govern
ment dues, but that; th.e,..Govprnmant itself
,wnuld,hebound for their ultimptq redemp
tion,, no rational doubt can exist that the
paper which the Exchequer wpuld furnish',
would readily enter into ge.eril'circulation,
and bemaifUaied at all times,, at oi above
par with gold and, silver,, thereby realiz
ing thei great, wants of the age.aud fulfilling
tliQwish.es of the .People,) lln,, .order to,
raimburse.jlhe Goernmcnt tho-jexpenscs of,
ivlf'-i"g"ii, "'!:aa.r proposeu io in vesi mo ,
EqhenjieriiilHthe .limited, authority to
deal-in. bills, of exchange, unlessiprdliibiled
by theiStfltp. in, which.lari agency might bp
si,tu,atevd,hayjr.g .only, thirtyk. days to run,
and resjing t oiV a airj and,,6onairibasisi
T,he Legislative will on .this 'point' might
j2'e,8qplainly,i annpnncfds as to,r .avoid ;ail
petexvqr partiality ,or;favorlism It . was
furthermore proppsed (n'inveist. (his Treas
ury agent yith authority to receive on
deppfue, tp,ajiiniledi-am'oun the specie
funds pXMnilfvidtiaJs,.. and-, to' .giant 'certifi
cates therefor,t,p be .redeemed jon' -j presenta
tion, undejrijhfciidea.iwliieh is believed to
be wejl fiiuridedttluitsuch certificates would
(jqmein'ai j,ojV.the Exchequer-biJIs-ini sup
PJX'nSia safe .aQd laipple .paper (circulation
9, if in p,laca,,of tie. contempluted1 dealings
in exchange,, .the Exchtiquer should be
aythfjn'zfcd not oply to, exchange, its. bills'
for actqal.depqsites.of specie.buf for specie
or.,js.,cgqiyal,enl, to sell -drafis, charginfr
l"fiLviPr.a,P srnau otit.reasonablo; premium,'
1 cannot doiibt-.but. Jhat the behefits' of the
aw yould be, speedly manifested in. the
revival of the predjl, trade arid, business of
the whole country,, Entertainine his oDin-
iopij bppomRj my, duty lo urge its adoption
upop vpngrfiss.py reierence to the strongest
considerations of the public, interests,, with
such, alterations in its details ,as Congress
may in jiSrWis.-Jom see; ,ni to: make.-i
I am well aware tliet this' pi-onosed'alter-
ation and amendment of the laws establish
ing the Treasury Department has" encoun
tered vaiious objections, and that amontr
others Til has been procliimed a'Goyernment
IJank of tearful and dangerous import. It
is proposed lo confer upon it no extraoidin
ary "powers1. It purports to do no more
than pay th,o. debts of'ihe Govcinmerit' Willi
the redeemoble paper of the Government
in which repect it accomplishes nreciselv:
what the Treasury does daily' at this time,
in issuing, to the' public creditors 'the
Treasury notes which' under' law, it is'
authorized to issuer It has no roseinblahce
lo an drdinajy Bankk as it furnishes no
profits, to private siockholdors.and lends no
capital lo. individuals. If it be objected' to
as a Government Iarik, and t the 'objected
bo available then should all the laws' in
relation Io therreasury be repealed arid;
the capacity dfthe .Government Wcollerit
what Js due to it, or pay k what it bw'es, lie
abrngaledii - u it '
This is the chief pirrpose of the proppsed
Exchetlbeht'artd '.sorely ifm;' life accom.
plfshmentbf a pufpose so' eiseritlal, n
affor'ds a sound circlilaiinr mcdiiiiri 'to the
iioa.ntry ahd facilities to'iiade. it 'should "bo
regarded as no slight recommeiiilati'nii of'
to public consideration, Properly' guarded
oy tiioprovisions oflaw, itcailVUn into "no
dangeroUB" ovil, nor'- 'any
abuse' ar'We
under HI but such is the Keirisrature llsell'
will 'bb unswvable' Tfdr', IP if 'be Volji'ra'tetf;
since- it is but llid c're'Mures of'tho,tav"rhntl
i8'6U8ceniiable sit all 'lime's (f"'m'fii!iriA'irn'
amendnent or 'rofieal, al'(hbl 'plens'urn of
Congress. I know thal'il'hasbeW 'bbleit.,
ednhat tho' system wouhlftbc' liable4 ti) be,
-abus'etl'by tKe'IeeislaluVe" by Vhom" 'alonei
it could-be abiisBdrlh' ttie paftyVoiifirclif d?
Iie dayv - That sticlf abuse-Woiifd 'inahifd?!
Itself in ahaHg'c'of'thQ' few 'which would
authorize an excessive -i s' if e 'ap papo'fir
the'riurpoi'o'fjflinfiatlilg p'ries-'and' wpfnipg
Jiopiilar'fiWri lhal-lt jMaye iasw'ere'd;
J Pli"S oe'P'JM slfzard 'P8 ptompt redemp
tips or.ihe.bills wch might be, thrown ;into
circulation. Thus jn fact making the
issod qt"!?l;OQO,000 of' Exchequer bills,
Con-
missi
would
But a
ine so
reckless, would bo found to exist in the
very natifrb oMhihEsr 1ThTfnbltieal?Mr'tv"
.wlnch.shoujd be to.hlinijj.to.ttheruer inter
esis oi tne country, as. to resort to such an
expedient would Inevitably meet1 with 'final
Overthrow in the fact that, tho moment the
paper ceased to bo convertible into specie;
or otherwise, promptly redeemed,,, jt. would
become worthless, ami would, In the end,
di.shpniir , the Government, inyolvothq
people in ruin, and such political party in
hopeless disgrace'.! At ihe-samo ijmeWsifch
a view involves' tho-utfer impossibility t of
furnisliihg apycurrericy'Olher'ihari 'that 'Of
tho precious metals, for, if tho Govern
ment, itself cannot forego the temptation of
excessive paper issues, what reliance can
be placed in 'Corporations upon whonY llle
tcmplailons ,o( individual 'afrjranJienVcnt
would.most siroiigty operatel The -People
wouiu navo toiotanie none but' themselves
for1 any injury that might arise' from 'a
course so reeklcssosincn' their agents' would
bo the wron'g-doer's, tir.d they the passive
'speclatois. v n
THera can bebut tliVee k'iHds o'f'nullic
cun'eficyt fsl. Gold 'and' silver;' 2d. Tl e
it vv'aa'believed that 'nb' relianca' 'coulit
placed on the ssuesf'oT lockl1 insti'tulions,
for7 life purpose "of geneialViculatlon, it
npV'penrlv nVlrl tinqlnirl'it.tt-'t .'lA'Arl a..!!rA.
'avthri 'exclusive enrrehpy 'fdrTts'Towh use.
mm mis musi ever ne ine case uniess one
,ir'itiv.iiii.ir;ni;i.-Ar;,iri,i-fi:'ii.A i.kf: 'ic
w viiivi hiiiu MJl-ll A iiu 1IUICUi ,111
Ihe'riteseHtsfafeof' J)ubie senlimenl, lies
between' arl exclusi'vd .specie currency on
tho one-hhtid, and Government issues of
'some ' kind on' the oilier Tha't ihc'sb
'issues' tfanno't bcmadc by a charierecl in-'
stilutioii, is supposed !t6 be cortrldvseiy set-,
tied. They Atusi bd- nidde. then. dh"'ecily
By GoVernm'ent'agehts." Fdr set'erid Vears
ti'a'sl ihey have beeh'thris madV in' I he form
bf Treasvjrf notes, and Have answered a
valuable purpose. THeiV lirefulnes's 'has
...M..vu iivii ubfllg MnilolKIII UIIU
lemporary; their' c'eiisYng td'bear Interest' at
eiveri periods, necessarilv" 'causes' their'
sf)eedf Tcturn,-arid'tHusies"trlcis!liiei
of uirCUlaiion, and. being used, only jivuiei
disburs'emen'ls df'GbVertiroe'n't, they cannot
reach' those' pulrits1 Silhere1 they ".are most
required. 5 .By rendering their use pafihan
eriti to tho' raode'fata, extent already men
tioned; by offering .n'o.tnducemepl .for jjjeir
return, and by .exchanging them for .coin
arid other, values, the yvill. con? iittie; to, a
certain extent, the' 'general currency so
much1 ne'eded io 'maintain the Infernal traile
of the countfy. And ilisis tile Exchequer
plan, so far as It may operate jn furnishing
a currency, '
1 cannot forego the occasion lo ,uige its
importance to iliecredit pf the Government
in a .financial point of view. .The great
necessity of resoriing . to .every prpp.er and
becoming expedient in, orcjer" lo place ,,lhe
'I Reasury ona footing of'ihe highest respec
tabilily, is' eiitiiely obvious. The cred.it
of ilie, Government may be regarded fjs .ilie
very ioul of ilie Government itself a prin
ciple or vitality without whiclalj jtVnjqve.
me ins aie, languid andailjis operations, em.
Karrasned. It i(iis spirit Ihe'Executive.fei
itself bodnd by the most, imperative sense of
diily to submit to. Co'n'grji;ss, at'i'u last .sc's
siun.JIhe .propriety of n)aktpg.! a Vpepifi?
pledge of'ihe fdiid fund, as the bajs'j'ur-',tlie
negoiiatfon.of the loaris, authorizf,d 10,'h?
cdntrackd. I then thought that such an
appliaation of jlie public dp.majn would,
without dpubt,'haye placer) at' the cojrimand
of tle. Govefiunerit aifjple funds to. relieve
the TreaiTury from the, temporary embar
rassmenis''HhderJ wjilcli 'it labored.,' - $pieri:
car. credit has suiTe,reil(a considerabf.8lifl"ck
n "Europe, from tie large, indebtedness; .of
the' Slat? s and the temporary inability of
T n , 1 mee "i lnle.rest pn th.eij
debts. ' I'lie titter nml ili'saRirm,'
of ihe (United Stit'es Bap'k'of lypflrtsxlynia,
h'ad contributed largely lb fncfeasp, Thje,' sen
Vunent.bfdrslistby feaspp of je,lps, aqjl
iuiii ouoidiiicu me noiuers o its sjocx, a
large portion of w)iqlfn )Yere freigiri,";uVd
inanv of whom wrro alike lannrnnl nf run
politidal6rg2iiizatij)njaud o' our" actual
'responsibilities. It was the anxious.desire
A L l"a,,r'n ",'1e P,lort to .rjegu-
tiate the loan' abroad, he Amp.rl run in'tTttifi.
9riJn'8,,'tdiib.1? " Pinll)e5fno'(iey. lender
Government from a suanb-inn At l,ifoi.(,
giesa differed flora the 'ExtivV n. il ls
tlip duty of the Executive lb rorl.taevei.y
uiu itiuuiiau inarKei, a qHIZCJl
viiuiv(ti auu idiciu who .seni
quldWbnVoim
Jihij'aiiomsloljs t;tfetlof thlrigs) bqff f9Qn(iJ
flail . ..r ,
reprcseniaiivc ortne precious metals,' pro
Vided' by ihe "General'GDvemment, or
kinder its authoriiy? ' The 'gub'-Trctiiury
svciciii iricuicu iiiu last in anv lurin: nniiinfl
np.
0
Pl.jngh:
In Kiirnnh
with'no petlir'successi.rurd tTiu's,(ie morti.
fj'fnf 'spectadte, has been presented 67 ' Urn
ifiabilitv 'o'( 1fil6rVr56W
IrJarlsd'smllll hdl'ihe'' wl ible
io Tnore a,an.?ei;lir, V "fts
Rents' ,or EWbpe: illhdOrff;fh volvi.rin fHb't,
With-tax-a1tiJp;ca(5.y ilbtairi jpalis.o? anv
e
ibtc of iw0
SR T:"W.WITOa Hbi which U
iBOSirne2l.loAtliiniv.Koii comparrd wji,
its boundle
itrtrflfKrinnhv-wbrldrccTuseV
frnm llirt mn.tln ..till Ji l . . .w
the.atTections.ofa. great-nnd free. peoples mj
whose fidelity lo its engagenients has never
been questioned; for such a Government to
liaVC, dinilnr",! In ll.A .. ! , - I '. . f
, j " iiier
laqnijiies an opportunity f!LX?mall?invesrb
ifent-o ts stoek, ariif eiT.fM?ca ru",l..i : '
mem
'SLl,,?,r".Vinmsteunl
its food luiili. nr n ti rrwno .. i..
wMclUliilrse;
which, could hqye, bden adnptcd.T It ;ias
now becomo.obviqqsioflh men that (,e
kn'tfw'1ha(.tlfesevmchns hro ''aliog'etirer ade
quate;for'he- -bbjeclY 'fThVv 'Exchequer, if
adopted, twll greatly ald'in bringing' about
this.resultt Upoh"'yh'at I,VegaV"d fs a', well
founded sdppoiitionlthal its btlTs would bo
readiljv.soughifprby-.ihe Miblio creditors
and that. Ihe,s4ue vvbud.vtna .short lima
reach Ihe maximum of S1.5,00O,O0O,- it U
obvious thai. Si in. (inn nnn.
1 it T . ' '.i5 -n f, T rv" tvvi im tvBvy
.addedjlo fhp flyailable .means.'pfjtha T;eaV.
,ury without,cqsi1or.phnrge.. jyor.cari";i; ,'fail
Il
Satcbanks.fiile'ii'woufd'E
dat.otf those' bf a VprteM.ftBfatfr
through its weekly selilerrtcnls'f wouliT bo
!h!ghy-b-neficialnlr
cdhfideAce-ab'd credit woillifdlUv, with a
numerous tram ofbTessjligs My, convic
tions are most stibng thaT trTeko- benefit
would flow romttho adohtinn.nC.it,?-.
sure; but if the result should bo adverse,
there is ihia spV.Mi'u L v. '.!'. .I :, .
ihcre'iis this seculrif'y jn Shntion', wfih
thht' the' law crcatTnrf Ti m!rJ
.Li.
led
L3,tiliea,leaSu,rc' thc.LVglslSfure. w thout
'llie'siniilcsl'imhlication rif fts ..ii'f J
, 1 recommend to "Congress "to '.lake" ilt0
cons.ucrai.pn lie prdpneiv - r ,.e imburs ng
;a fine'imposed'on; 'Gl'iiJa'boV,' a.
OHSahs hniie. tlrfie, oCtVo'aitack ,& 'defenco
6l lhaftity : andiaiS l.j Je'.
.gn.ng. anrpnec ion'Vii IfieJiWal i.ibu-
"this i
inexp
"Yy was net)
"iibev'pd hv
bV' givitirr additional luKirn K' X?'. A i.i'
v'etcran.rYow in 'fSK?j
ii M Ulliu UC 1' r il 1 1 1 i I n ir 1t llm.itmt
ni hio iiat'o. in ho toiini,;rr ' :t. vv
stances in which thai judgment, placed liim.
I here are cases in which public, funeliopa
ries. may be' caljcd op 'fo.'c IglLtho. 'pub lie
interost against .their owri personal 'hazards,
and jf 'the civil law be fro,pled,'frpm praise
worthy moiics, or on overruling 'sense, of
pubHc danger and publ.ic, necessity,, pun'jsV
mcnt may well be restrained, . jyhliin ' that
limit StUeU asferls and ma numo ii'.o
thority; of the Ja.w, apd tho su'hjpriion of the
'r'lL',Sr-lS-!-he Pvif -PPwer.: ,T(m. defence
the hands of the en em, placed llio. name of
I . (1 n n r-, I I V I- .. - . .,. f t
General Jackson amonirilinBH nf.ilm fFrp.toc
Captams'of ihe age, and illustrated one, of
tlie brightesf paees of our hiitnrw lf,.,
i!iarl;t'i?.c?es r Vitement.cxisiing at tho
ll-W eCft3.eA imtyK Relieved
thal'the roniiuinn V,r ii,:. it. r ...i. ... ....
ii ii
mvricaneoplr.
hiR.,h s'..10 ci!??psM pcqiiitied
'myself
;6r-5ihopES
WAsiUNOTOpcrbgrJl,
LECTURES ON ENGLISH GRAMMAR
'.toelurea fonthttbeneflf of mWu difnS ftrAmx S
a., uiuilllliur.
bvp'npt aaopportiuiity of aitendirtg'chool ihtho
."t,l'!,0 ptd'wh.q;aro jJesijouTiofi'itiecoiriing ,a8
quanted wtl, Uiq grauimyr ofdiq EngJUIvjapgagr.
OVenirif' fl ninv lih-innit fntt.ii.'li' '.nr.i-M.' Jil...
'oTUnitlftgo'forrii a rlas6rf3r tlioWd-MrVMwill
'hlcSEe mikefc.irlv. iinnliliU,, t,-n,i i,!...-.'i:s'. r.......
- . . ' V 4 I 1 IVft.O iiivii, iinjiiba
at titner.ot tho tmiiiinn. nfil, ;i,t)...i, .. .
subscriber, In pdcy tu .coiiimeitek), ts pjly,s
I IT il' i. Ma'fVt. JtULU ulli1' 'AJ:
4,-'
'Jl pr-dbX-rtyWWlli'atiiJVoxr'AWanUu iilofk
ior JJ,o,inoorniriulit)Kir3'S!iCSlprbire ikA
linn Q lOJ "
hv
A - ("rf " 1PN",e. Uai.e ! w9- uniuni and
by inviting jour aliention. o. measnFfs of
milch . importance . jo j)$ copnlry;'; The
io,Q.O ,,oiio loi pybmb i'rJ.OOvi jna b iUimmiafiO,
take: t.fV6"nr hiWWthVrtihilfrhKrt
without. mcoiisont'ijlj u-u.ti ti'' It, i.i J i.i