Economy

The reasons in favor of the propriety of adopting at an early period proper measures for that purpose were explained by the Secretary of the Treasury in his annual report and recommended to your attention by myself.

The precautions which will be recommended by the Secretary of the Treasury to protect faithfully the public credit under the fluctuations and contingencies to which our receipts and expenditures are exposed, are commended to your early…

The weight which presses upon a large portion of the people and the States is an enormous debt, foreign and domestic.

The financial operations of the Government during the present year have, I am happy to say, been very successful.

In conducting the fiscal operations of the year it has been found necessary to carry into full effect the act of the last session of Congress authorizing a loan of $5M.

We have seen them everywhere paying their taxes, direct and indirect, with the greatest promptness and alacrity.