"The increase bears no fair proportion to the growth and expansion of the country, but looks rather like wanton waste and criminal negligence. The ordinary objects are not materially augmented--the army and navy remained on a low peace establishment--the military defences are little, if at all enlarged--the improvement of harbors, lakes and rivers is abandoned, and the Pacific railway is not only not begun, but its very location is scrambled for by hungry sections, which succeed in nothing but mutual defeat. In short, the money, to an enormous amount (I am told at the rate of from eighty to one hundred millions a year), is gone, and we have little or nothing to show for it. "In profound peace with foreign nations, and surrounded by the proofs of national growth and individual prosperity, the treasury, by less than two years of mismanagement, is made bankrupt, and the government itself is living from hand to mouth on bills of credit and borrowed money! This humiliating state of things could hardly happen, if the men in power were both honest and wise. The democratic economists in Congress confess that they have recklessly wasted the public revenue; they confess it by refusing to raise the tariff to meet the present exigency, and by insisting that they can replenish the exhausted treasury and support the government, in credit and efficiency, by simply striking off their former extravagances. "An illustrious predecessor of the President is reported to have declared 'that those who live on borrowed money ought to break.' I do not concur in that harsh saying; yet I am clearly of the opinion that the government, in common prudence (to say nothing of pride and dignity), ought to reserve its credit for great transactions and unforeseen emergencies. In common times of peace, it ought always to have an established revenue, equal, at least, to its current expenses. And that revenue ought to be so levied as to foster and protect the industry of the country, employed in our most necessary and important manufactures." DANIEL S. DICKINSON. Daniel Stevens Dickinson was born at Goshen, Litchfield County, Conn., Sept. 11, 1800. His father, Daniel T. Dickinson, was a farmer, an intelligent, upright man, who through life was devoted to his calling as the most honorable and useful, and left an unsullied name. In 1806, the family removed to what is now Guilford, Chenango County, New York, where Daniel S. Dickinson spent his boyhood, mostly on the farm, in the usual occupations of a farmer's boy.