There is a still more fruitful source of expenditure, which I will point
out later in this message. I refer to the easy method of manufacturing
claims for losses incurred in suppressing the late rebellion.
I would not be understood here as opposing the erection of good,
substantial, and even ornamental buildings by the Government wherever
such buildings are needed. In fact, I approve of the Government owning
its own buildings in all sections of the country, and hope the day is
not far distant when it will not only possess them, but will erect
in the capital suitable residences for all persons who now receive
commutation for quarters or rent at Government expense, and for the
Cabinet, thus setting an example to the States which may induce them to
erect buildings for their Senators. But I would have this work conducted
at a time when the revenues of the country would abundantly justify it.
The revenues have materially fallen off for the first five months of
the present fiscal year from what they were expected to produce, owing
to the general panic now prevailing, which commenced about the middle
of September last. The full effect of this disaster, if it should not
prove a "blessing in disguise," is yet to be demonstrated.
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