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In consequence of the embarrassed state of business and the
currency, some of the States may meet with difficulty in their
financial concerns. However deeply we may regret anything
imprudent or excessive in the engagements into which States have
entered for purposes of their own, it does not become us to
disparage the States governments, nor to discourage them from
making proper efforts for their own relief. On the contrary, it is
our duty to encourage them to the extent of our constitutional
authority to apply their best means and cheerfully to make all
necessary sacrifices and submit to all necessary burdens to
fulfill their engagements and maintain their credit, for the
character and credit of the several States form a part of the
character and credit of the whole country. The resources of the
country are abundant, the enterprise and activity of our people
proverbial, and we may well hope that wise legislation and prudent
administration by the respective governments, each acting within
its own sphere, will restore former prosperity.
Unpleasant and even dangerous as collisions may sometimes be
between the constituted authorities of the citizens of our country
in relation to the lines which separate their respective
jurisdictions, the results can be of no vital injury to our
institutions if that ardent patriotism, that devoted attachment to
liberty, that spirit of moderation and forbearance for which our
countrymen were once distinguished, continue to be cherished. If
this continues to be the ruling passion of our souls, the weaker
feeling of the mistaken enthusiast will be corrected, the Utopian
dreams of the scheming politician dissipated, and the complicated
intrigues of the demagogue rendered harmless. The spirit of
liberty is the sovereign balm for every injury which our
institutions may receive. On the contrary, no care that can be
used in the construction of our Government, no division of powers,
no distribution of checks in its several departments, will prove
effectual to keep us a free people if this spirit is suffered to
decay; and decay it will without constant nurture. To the neglect
of this duty the best historians agree in attributing the ruin of
all the republics with whose existence and fall their writings
have made us acquainted. The same causes will ever produce the
same effects, and as long as the love of power is a dominant
passion of the human bosom, and as long as the understandings of
men can be warped and their affections changed by operations upon
their passions and prejudices, so long will the liberties of a
people depend on their own constant attention to its preservation.
The danger to all well-established free governments arises from
the unwillingness of the people to believe in its existence or
from the influence of designing men diverting their attention from
the quarter whence it approaches to a source from which it can
never come. This is the old trick of those who would usurp the
government of their country. In the name of democracy they speak,
warning the people against the influence of wealth and the danger
of aristocracy. History, ancient and modern, is full of such
examples. Caesar became the master of the Roman people and the
senate under the pretense of supporting the democratic claims of
the former against the aristocracy of the latter; Cromwell, in the
character of protector of the liberties of the people, became the
dictator of England, and Bolivar possessed himself of unlimited
power with the title of his country's liberator. There is, on the
contrary, no instance on record of an extensive and well-established
republic being changed into an aristocracy. The
tendencies of all such governments in their decline is to
monarchy, and the antagonist principle to liberty there is the
spirit of faction--a spirit which assumes the character and in
times of great excitement imposes itself upon the people as the
genuine spirit of freedom, and, like the false Christs whose
coming was foretold by the Savior, seeks to, and were it possible
would, impose upon the true and most faithful disciples of
liberty. It is in periods like this that it behooves the people to
be most watchful of those to whom they have intrusted power. And
although there is at times much difficulty in distinguishing the
false from the true spirit, a calm and dispassionate investigation
will detect the counterfeit, as well by the character of its
operations as the results that are produced. The true spirit of
liberty, although devoted, persevering, bold, and uncompromising
in principle, that secured is mild and tolerant and scrupulous as
to the means it employs, whilst the spirit of party, assuming to
be that of liberty, is harsh, vindictive, and intolerant, and
totally reckless as to the character of the allies which it brings
to the aid of its cause. When the genuine spirit of liberty
animates the body of a people to a thorough examination of their
affairs, it leads to the excision of every excrescence which may
have fastened itself upon any of the departments of the
government, and restores the system to its pristine health and
beauty. But the reign of an intolerant spirit of party amongst a
free people seldom fails to result in a dangerous accession to the
executive power introduced and established amidst unusual
professions of devotion to democracy.
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