d the continuance of external peace; nor has anything at home
impaired the strength of those fraternal and domestic ties which
constitute the only guaranty to the success and permanency of our happy
Union, and which, formed in the hour of peril, have hitherto been
honorably sustained through every vicissitude in our national affairs.
These blessings, which evince the care and beneficence of Providence,
call for our devout and fervent gratitude.

We have not less reason to be grateful for other bounties bestowed by
the same munificent hand, and more exclusively our own.

The present year closes the first half century of our Federal
institutions, and our system, differing from all others in the
acknowledged practical and unlimited operation which it has for so long
a period given to the sovereignty of the people, has now been fully
tested by experience.

The Constitution devised by our forefathers as the framework and bond
of that system, then untried, has become a settled form of government;
not only preserving and protecting the great principles upon which it
was founded, but wonderfully promoting individual happiness and private
interests. Though subject to change and entire revocation whenever
deemed inadequate to all these purposes, yet such is the wisdom of its
construction and so stable has been the public sentiment that it remains
unaltered except in matters of detail comparatively unimportant. It has
proved amply sufficient for the various emergencies incident to our
condition as a nation. A formidable foreign war; agitating collisions
between domestic, and in some respects rival, sovereignties; temptations
to interfere in the intestine commotions of neighboring countries; the
dangerous influences that arise in periods of excessive prosperity, and
the antirepublican tendencies of associated wealth--these, with other
trials not less formidable, have all been encountered, and thus far
successfully resisted.

It was reserved for the American Union to test the advantages of a
government entirely dependent on the continual exercise of the popular
will, and our experience has shown that it is as beneficent in practice
as it is just in theory. Each successive change made in our local
institutions has contributed to extend the right of suffrage, has
increased the direct influence of the mass of the community, given
greater freedom to individual exertion, and restricted more and more the
powers of Government; yet the