The great amount of our revenue and the flourishing state of the Treasury are a full proof of the competency of the national resources for any emergency, as they are of the willingness of our fellow citizens to bear the burdens which the public necessities require.  The vast amount of vacant lands, the value of which daily augments, forms an additional resource of great extent and duration.  These resources, besides accomplishing every other necessary purpose, put it completely in the power of the United States to discharge the national debt at an early period.  Peace is the best time for improvement and preparation of every kind; it is in peace that our commerce flourishes most, that taxes are most easily paid, and that the revenue is most productive.

The Executive is charged officially in the Departments under it with the disbursement of the public money, and is responsible for the faithful application of it to the purposes for which it is raised.  The Legislature is the watchful guardian over the public purse.  It is its duty to see that the disbursement has been honestly made.  To meet the requisite responsibility every facility should be afforded to the Executive to enable it to bring the public agents intrusted with the public money strictly and promptly to account.  Nothing should be presumed against them; but if, with the requisite facilities, the public money is suffered to lie long and uselessly in their hands, they will not be the only defaulters, nor will the demoralizing effect be confined to them.  It will evince a relaxation and want of tone in the Administration which will be felt by the whole community.  I shall do all I can to secure economy and fidelity in this important branch of the Administration, and I doubt not that the Legislature will perform its duty with equal zeal.  A thorough examination should be regularly made, and I will promote it.

It is particularly gratifying to me to enter on the discharge of these duties at a time when the United States are blessed with peace.  It is a state most consistent with their prosperity and happiness.  It will be my sincere desire to preserve it, so far as depends on the Executive, on just principles with all nations, claiming nothing unreasonable of any and rendering to each what is its due.

Equally gratifying is it to witness the increased harmony of opinion which pervades our Union.  Discord does not belong to our system.  Union is recommended as well by the free and benign principles of our Government, extending its blessings to every individual, as by the other eminent advantages attending it.  The American people have encountered together great dangers and sustained severe trials with success.  They constitute one great family with a common interest.  Experience has enlightened us on some questions of essential importance to the country.  The progress has been slow, dictated by a just reflection and a faithful regard to every interest connected with it.  To promote this harmony in accord with the principles of our republican Government and in a manner to give them the most complete effect, and to advance in all other respects the best interests of our Union, will be the object of my constant and zealous exertions.