Much can be effected
by postponing appropriations not immediately required for the ordinary
public service or for any pressing emergency, and much by reducing the
expenditures where the entire and immediate accomplishment of the
objects in view is not indispensable.
When we call to mind the recent and extreme embarrassments produced by
excessive issues of bank paper, aggravated by the unforeseen withdrawal
of much foreign capital and the inevitable derangement arising from the
distribution of the surplus revenue among the States as required by
Congress, and consider the heavy expenses incurred by the removal of
Indian tribes, by the military operations in Florida, and on account of
the unusually large appropriations made at the last two annual sessions
of Congress for other objects, we have striking evidence in the present
efficient state of our finances of the abundant resources of the country
to fulfill all its obligations. Nor is it less gratifying to find that
the general business of the community, deeply affected as it has been,
is reviving with additional vigor, chastened by the lessons of the
past and animated by the hopes of the future.
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