Thus it appears that after
satisfying all those appropriations and after discharging the last item
of our public debt, which will be done on the 1st of January next, there
will remain unexpended in the Treasury an effective balance of about
$440,000. That such should be the aspect of our finances is highly
flattering to the industry and enterprise of our population and
auspicious of the wealth and prosperity which await the future
cultivation of their growing resources. It is not deemed prudent,
however, to recommend any change for the present in our impost rates,
the effect of the gradual reduction now in progress in many of them not
being sufficiently tested to guide us in determining the precise amount
of revenue which they will produce.
Free from public debt, at peace with all the world, and with no
complicated interests to consult in our intercourse with foreign powers,
the present may be hailed as the epoch in our history the most favorable
for the settlement of those principles in our domestic policy which
shall be best calculated to give stability to our Republic and secure
the blessings of freedom to our citizens.
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