powerful nation rather than the sensibility belonging to a gallant people.
in such measures as i may be called on to pursue in regard to the rights of the separate states i hope to be animated by a proper respect for those sovereign members of our union， taking care not to confound the powers they have reserved to themselves with those they have granted to the confederacy.
the management of the public revenue——that searching operation in all governments——is among the most delicate and important trusts in ours， and it will， of course， demand no inconsiderable share of my official solicitude. under every aspect in which it can be considered it would appear that advantage must result from the observance of a strict and faithful economy. this i shall aim at the more anxiously both because it will facilitate the extinguishment of the national debt， the unnecessary duration of which is incompatible with real independence， and because it will counteract that tendency to public and private profligacy which a profuse expenditure of money by the government is but too apt to engender. powerful auxiliaries to the attainment of this desirable end are to be found in the regulations provided by the wisdom of congress for the specific appropriation of public money and the prompt accountability of public officers.
with regard to a proper selection of the subjects of impost with a view to revenue， it would seem to me that the spirit of equity， caution and comprom