The commission adjourned
on the 16th of June last, to reassemble on the 1st of November for the
purpose of establishing accurately the intersection of the thirty-second
degree of latitude with the western bank of the Sabine and the meridian
line thence to Red River. It is presumed that the work will be concluded
in the present season.
The present sound condition of their finances and the success with which
embarrassments in regard to them, at times apparently insurmountable,
have been overcome are matters upon which the people and Government of
the United States may well congratulate themselves. An overflowing
Treasury, however it may be regarded as an evidence of public
prosperity, is seldom conducive to the permanent welfare of any people,
and experience has demonstrated its incompatibility with the salutary
action of political institutions like those of the United States. Our
safest reliance for financial efficiency and independence has, on the
contrary, been found to consist in ample resources unencumbered with
debt, and in this respect the Federal Government occupies a singularly
fortunate and truly enviable position.
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