PROSPECTUS

on pupItsurNo AT wAsu1NeroN NEWSPAPER,
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 of inc resnonshlity which we are about to assume, and moi without much ditfidenee oi our qualhcauons Wa have some acquaintance, indeed, with the uotes of an editor of newspaper, but 1t was acquired upon other theatres, much more limited and less eonspicu ous thanihe hleropos ol our eouisdeId'eo anu "lNe spread Republic.

 We can scarcely be charged with any iaord'naie vanity in saving, that upon the success ot our lnsl- htons depends in great degree the destiny oi the oldest countries of Europe A distant posteiity nas

 dse interest in our fate The blessings of liberty are essential to the prosperity of the whole human race. an1 where are they spread out on so large field of action or illustrated by so many brilliant eX- amples, as in these United States!

 We have only to realize them Tn our own history and in inc happiness of our people, to spread the flame of I.;herfv over the EASTERN WORLD. We have anv to psrpeuate these blessings by preserving the sacIed ttoN of our States, and there IS nc assgna- ble limit to the prosperity winch we may eh]oy, or the glories to which we may ascend m the scale oi Nations We have already wrought miracles enough to asonish the foreign tourist amid all his preudlces and 10 attract the curiosity, Ii not the admlrauon oi Forope. Wchave display ed the benefits oi LIBERTY and of UNION in series of phenomena, Wich are almost calculated to surprise ourselves. What can be more remarkable. even Tn the present ody, than the spirit of enterprise and improvement wiieh per vades our Statesthe schools which they are erect ia.s; the canals which they have eNeeuted; the more than 900 miles of railway which they nave con siructcd in less than twenty years; the immense Dod- les of land which they have redeemed from the Will derness. the towns which they have strewn over the Wesf. the multiplication of our people from three to twenty millions of souls; the augmentation oi the nunber of our STATES from thirteen To twenty-mhe, iacludng the three new States ot Florida, Iowa and Texas which, as we write, VIC hope are now pro- baby starting into existence!

 ssWestWard the course oi empire taxes lts way;

 The fist four acts already past,

 fifth shall close the drama with the day,

 Times noblest offspring IS the last

 IL is principally the influence of the Free lnstltn, lions we possess and which were never dreamed oi more than hundred years ago, by the phiosopmc author of these beautiful ilnes that has wrought so many achievements here Liberty eX,ites man to thipk for bimself to cast of antiquated prelndlces and to start in a new career of improvement It opens besides in this new country, as 1t were new asylum to the oppressed o all nations, Weh in oe- snite of the "Natiye American Pre1udices oi tue day still continues invite other people to cultivate our lands and contribute to our pregfess Il IS our free institutions more than any other cause which are drawing "the course of empire to the WESTERN WORLD.

 We live, too, in an extraordinary age Improve ment seems to be the order oi the aay' ociehce is shooting forth in all directions AFtls onlahihS 'ie most brilliant triumphs over NATURE. The age Is alvancing with the inpatuosity of steam, ta which it is so much indebted iaf it's progress. oomneice is expanding her wings bnaer the impulse ei new and stronger principle. There seems lttteea to pe iO the midst of such an age, and at the metropolis o this great country, that we are about to erect our tent for the responsible purpose oi maintaining me true principles of ourinsttntions We almost shIihk back from the enterprise We have undertaken. bat we at least bring 10 the task spirit that IS devoted to I.InrRry to UNION, and to our COUNTRY; heart that is proud of the name of AMERe AN-some little experience in our businessa zeal that nothlhg can snbdue, and an industry that fears no labor With these feelings we come te throw ourselves upon tle

 befality of our countrymen We trust t,lat we saeH receive if we deserve, their support II We lall Iii an enterprise which might almost appal the stoutest spirit they will at least be liberal enough to ascube if to the want of power and not oi wlii-o the mead that guides us and not the heart that impels ns;

 Ofone thing we may confidently assure the puphc- we approach the task with the deepest reverence .ol the true theory of our political institutions. Our confederated REpuBLIc is making new and bold experimentin the sctENo E Of GOVERNMENT. When we look to the original form ol the Gonsttatleh' We are indeed struck with it's novelty and beauty. We see in i an attempt to ascertain how far power can be so distributed between the two GOVERNMENTS as to prevent an efcessire concentration, and consequent abuse of it. in the Federal arm; al the same tune la so much powcr was conveyed to each, as to enable them to accomplish the objects to which cache them was best adapted.

 The FEDERAL Government was principally gtowatch sver our Foreign Relations; thai of the States was particularly to take care of our internal coneerns

 The Federal Government should have adequate powers to mantain the peace and the rights oi the Union abroad; but at home, its office to assist m binding the Union together, by the benefits winch Il showers around it, within certain prescribed limits leaving the great of local matters to the JurS- dction of the STATES, which can better understand and more properly regulate them. Keeping thls gen eral distinction in view, the Constitution has marked down the limits bf the Federal power and Il should be the duty of it's authorities rcgously to preserve them. Dissolution on the one hand and consolida- ton on the other, being the extremes winch are to be carefully avoided; the Constitution was so framed, and the Government should be so administered, as whilst the Federal power exercises Its legitimate unctions it should sacrealy respect the RIGHTS ot the States and the rights ot the People. The Fede- ra Government must, therefore, ever remember, that 1t has only certain limited powers which are either specied in the Constitution itself, which may be necessary and proper for carrying out the specI- fled powers. It cannot pass these limits with im- punity. tcaunot nterpolate any powers by forced aetious construction, without producing some opposition from the parties to the compact or some remonstrance from the People.

 It would never do, indeed, to give an unlimited power to the Federal head over the local interests of the several parts. Our country covers an extensive empire. It embraces great variety of climates and soils, of occupations and of interests. The obvious danger of too much Federal Legislation is of course, that it may affect these different interests in very unequal degree. Whilst 1t seeks to administer the benefits to one section 1t may impose burdens upon another. Nor does the mischief terminate here.- Inequality produces complaint. The suffering States become dissatisfied, One section not only murmurs about the partiality shown to another, but against the Government which commits it. The Union itself is less respected, because of the injustice which it displays. The only way of preventing these inju- ries and these complaints is, to administer the Gov ernmant within the Limitations of the instrument and in spirit which is calculated to eqaslize far as possible its benefits and its burlhens amongst the whole UNION. In no other way can we prevent the Federal Government from rushing into schemes of consultation the States into tendency towards dissolution. live permit the Federal Government systematically 10 adopt any rule of construction,

 which may enlarge its powers al the expense of the States, or of the people-if Congress may adopt any measure which they may fancy to be snecessary and proper" then power may be so augmented as, in the progress of time, to amount 10 consultation Then. we must extend the Executive Department to carry ont these extended powers; hen, of the cele- bratsd resolutions of one of the first States in the Union showed in '99, we should gradually merge into limited monarchy flushed with power and fortified by patronage or, We must ay to the other fatal aternative-we must dissolve the UNION itself to recover our liberties; that Union, which has been consecrated by the blood of our iofeiathers; that Union, which is necessary to preserve our tran guilty at home, and our peace abroad; that Union winch ought to De as dear to 'the ruddy drops winch warm our hearts,"

 In word, the Government must be administered according to the good old JEFrERsoNIAN standard.