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formation of the Federal government, has This proposal, though endorsed by the Congress attempted to perform its duty in chief magistrate of the United States, this respect. The first bankrupt law was may be pronounced the latest political repealed, before it had been in operation bumbug, and seems to our view a little long enough for a fair experiment. The meaner on the part of those who have second is now to share the same fate. got it up, than any other that we can at Whatever mischief it was capable of do. this moment recollect. Few things are ing by its retrospective operation, dissol- more honorable to General Jackson, or to ving the obligation of contracts which the country which he has served so long, were made when no such law was in ex- than the readiness with which when his istence-is already done. Whatever good strong passions, not unprovoked, had it was capable of performing as an estab- brought him as a military commander in lished element of the commercial law of the flush and pride of victory, into con. the country, by discouraging extravagant flict with the law and its ministers, he credit, or by enabling creditors, in any part forced his iron will into submission to the of the country, to compel a dishonest and sentence of the court. It is to bis honor defaulting debtor in any other part of the that during the eight years of his own country to surrender his property-com- administration, and during the four years mercial men have hardly begun to realize. of the administration of his successor, Thus we are to have a new instance of (who gloried in being considered his rep. that instability of legislation, so unpro- resentative-a sort of legate a latere' pitious to industry and so disastrous to from the holy see' of the Hermitage,) po morals, which afflicts the country.

movement of this kind was made by him, The Postmaster General recommends or by any of the numerous friends who in his report the reduction of postage, and were ready to do any thing that might be in order to this he recommends-not the deemed agreeable to him. Though we abolition, but the regulation of the frank- have never been admirers of all the measing privilege. This will end in nothing. ures of General Jackson's administration, The franking privilege cannot be regula- we have always been ready to yield him ted. The entire abolition of that privi- due honor; and we are sorry that so lege, at least in the form in which it now bright a leaf is to be plucked from the exists, is indispensable to any thorough laurels on that old white head, by men reformation. Such reduction of postage who only want to conjure with his name. as may be effected while franking is re- The Napoleonesque projections, if we tained, will be of little account.

may so call them, of the Secretary of the The President recommends a revision Navy, will probably receive but little atof the tariff of duties on imports, which tention at present. The increase of our has just gone into operation. The same naral force has become a favorite idea thing we perceive is urged by some of the with southern statesmen, especially since leading journals of the tariff party. We the abolition of slavery in the British cannot but express our regret that the West Indies. Should a general emanciframers of this new tarifi-if we may pation take place by any accident, in call that nero, which so soon waxes old Cuba, we should hear more than ever and is ready to vanish away-should have about the immense importance of our proceeded with so resolute a defiance of commerce, particularly in the Gulf of whatever is simple and well established Mexico, and should be told more frein political economy, as to be compelled quently and fiercely than ever, that we in less than half a year to attempt the have nothing to do with slavery in the emendation of their own work.

southern states, except to maintain armies It is not probable that any thing will and navies for its support. But just now, give rise to more debate, or will occupy while the government cannot borrow more time, than the proposal to refund to money for its current expenses, economy General Jackson the amount of a fine, is too popular, to' permit any avoidable imposed on him by a legal tribunal in enlargement of a branch of the public New Orleans, for a contempt of court, service so necessarily and immensely exsoon after the close of the last war. pensive as the Navy.

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