The existence of so large an actual and anticipated surplus should have the immediate attention of Congress, with a view to reducing the receipts of the Treasury to the needs of the Government as closely as may be.
First Annual Message
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It gives me pleasure to consummate here to-day, by the act of lifting this flag, the efforts in support of a principle to which I give my hearty support.
The law creates two new officers, whose aggregate compensation may be $12,000 per annum, without, it seems to me, a justifying necessity.
I believe we have reached an epoch in our development when we may successfully begin the work of carrying our share of the world's commerce upon the seas.
As these vacancies could not be filled immediately, the business of the courts would seriously suffer.
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