orward to the far-distant future with
ardent prayers and confiding hopes, this retrospect presents a ground
for still deeper delight. It impresses on my mind a firm belief that the
perpetuity of our institutions depends upon ourselves; that if we
maintain the principles on which they were established they are destined
to confer their benefits on countless generations yet to come, and that
America will present to every friend of mankind the cheering proof that
a popular government, wisely formed, is wanting in no element of
endurance or strength. Fifty years ago its rapid failure was boldly
predicted. Latent and uncontrollable causes of dissolution were supposed
to exist even by the wise and good, and not only did unfriendly or
speculative theorists anticipate for us the fate of past republics, but
the fears of many an honest patriot overbalanced his sanguine hopes.
Look back on these forebodings, not hastily but reluctantly made, and
see how in every instance they have completely failed.

An imperfect experience during the struggles of the Revolution was
supposed to warrant the belief that the people would not bear the
taxation requisite to discharge an immense public debt already incurred
and to pay the necessary expenses of the Government. The cost of two wars
has been paid, not only without a murmur, but with unequaled alacrity.
No one is now left to doubt that every burden will be cheerfully borne
that may be necessary to sustain our civil institutions or guard our
honor or welfare. Indeed, all experience has shown that the willingness
of the people to contribute to these ends in cases of emergency has
uniformly outrun the confidence of their representatives.

In the early stages of the new Government, when all felt the imposing
influence as they recognized the unequaled services of the first
President, it was a common sentiment that the great weight of his
character could alone bind the discordant materials of our Government
together and save us from the violence of contending factions. Since his
death nearly forty years are gone. Party exasperation has been often
carried to its highest point; the virtue and fortitude of the people
have sometimes been greatly tried; yet our system, purified and enhanced
in value by all it has encountered, still preserves its spirit of free
and fearless discussion, blended with unimpaired fraternal feeling.

The capacity of the people for self-government, and their willingness,
fr