absent from our conduct. We have learned by experience a fruitful
lesson--that an implicit and undeviating adherence to the principles
on which we set out can carry us prosperously onward through all the
conflicts of circumstances and vicissitudes inseparable from the lapse
of years.

The success that has thus attended our great experiment is in itself
a sufficient cause for gratitude, on account of the happiness it has
actually conferred and the example it has unanswerably given. But to
me, my fellow-citizens, looking forward 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