And we shall have the
proud satisfaction of bequeathing to the public servants who follow us
in the administration of the Government the rare blessing of a revenue
sufficiently abundant, raised without injustice or oppression to our
citizens, and unencumbered with any burdens but what they themselves
shall think proper to impose upon it.
The flourishing state of the finances ought not, however, to encourage
us to indulge in a lavish expenditure of the public treasure. The
receipts of the present year do not furnish the test by which we are to
estimate the income of the next. The changes made in our revenue system
by the acts of Congress of 1832 and 1833, and more especially by the
former, have swelled the receipts of the present year far beyond the
amount to be expected in future years upon the reduced tariff of duties.
The shortened credits on revenue bonds and the cash duties on woolens
which were introduced by the act of 1832, and took effect on the 4th of
March last, have brought large sums into the Treasury in 1833, which,
according to the credits formerly given, would not have been payable
until 1834, and would have formed a part of the income of that year.
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