Indiana American, Volume 11, Number 51, Brookville, Franklin County, 15 December 1843 — Page 2

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V It ESI DEBTS' M ESS AG E. A mptf,. in wr'tin was received from ihe President of the UnaeJ i$Mtes. by the,h.ind of Juhn Tyler, jr., hi SecreUry, at lull past out o'clock, ll was read t. the Senate as follower TTthc fn?iTR -n l.oiss ot Hepiissstitives or tub U. Statbs: If any people ever hiJciust; to render up thanks to the S'inreme Beirjr frp rental r-sre and protection extended to them in til the trials and dilficulties to which they have been front ticie to time exposed, we eertainly are that people. From the first settlement of our forefathers on this continent through the dangers attendant upon the occupation of a savage wilderness through a long period of colonist dependence through the war of the Revolution in the wisdom which led to the adoption of the existing republican firm of givernment in the hazard incident to a war sub ouentIy waged with one of tha most powerful nations of t'ie earth in the increase of our population in the spread of the arts an! sciences, and in the strength and durability

conferred on political institutions emanating from the people and sustained by their will, the superintendence of an

over ruling I'roviUenca has oeen plainly visible. As

TF""2HB

I am happy to be -able to say that nothing baa occurred

to disturb in any degree the relations of amity which exist between the United States and France, Austria and Russia, as well ai with other powers of Europe, since the adjournment of Congress Spain has been agitated with

internal convulsions for many years, from tbo effects of

which it is to be hoped the is destined shortly to recover; when, under a more liberal system of commercial policy on her part, our trade with her may again fill it old, and, so far as her continental possessions are concerned, its al. most forsaken channels, thereby adding to the mutual prosperity of the two countries. The Germanic Association of Customs and Cummerce, which, since its establishment in 1533, has been steadily growing in power and importance, and consists at this time of more than twenty German States, and embraces a population of 37.000,000 of people united for all the purposes of commercial intercourse with each other and with foreign State?, offers to Ihe latter the most valuable exchanges on principles more liberal than are offered in the fiscal system of any other European power. From its or-

j igin, the importance of the German Union has never been

be

lost aieht of bv the U. States. The industry, moralitv

As pre- ,i,- ..i,.-i,i -,...1; ..r r3,. i

paratory therefore, ti entering once more upon the high . , , V1 - - - "-" duties orlegislition, it becomes us hu nbly to acknowledge always been well known and appreciated. On this sub. our dependence upon him as our guide and protector, and to Jct 1 ,n,Mle ,,,e attention of Congress to the report of the implore a continuence of His parental watchfulness over ! Secretary of State, from which it will be seen lhat.while our beloved country. We have new cause for the express-1 our cotton is admitted free ot duty, and the duty on tice of our gratitude in the preservation of the health of our has been much reduced,(which has led already to a great-fellow-citizens, with some partial and local exceptions, du- y incresed consumption,) a strong disposition has been

ring me paei pcaeon tor m.u .uunuenco wu.i wmcu me i recently evinced by that great body to reduce, upon cer

eartti na yielded up us iruits to me isuors oi me nusoand-1

man for the renewed activity which has been imparted to comn-'ree for the revival of trade in all its departments Tor the increased rewards attendant on the exercise of the mechanic arts for the continued grewth of our population, anl the ra-iidly reviving prosperity of the whole country.

I shall be permitted to exchange congratulations with you,

tain conditions, their present duty upon tobacco.This being the first intimation of a concession en this interesting subject ever made by any European power, I cannot but regard it as well calculated to remove the only impediment which has so far existed t the most liberal commercial intercourse between us and them. In this

gentlemen ef the two Houses of Congress, on those auspi- j view, our minister at Berlin, who has heretofore industricious circumstances, and to asmre you, in advance, of my ously pursued the subject has been instructed to enter up ieaty disposition to concur with you in the adoption of all j cn the negotiation of a commercial treaty, which, while

such measures as snail oe caicuiateaio increase me nappi- w;i onen new advantages to the agricultural interests

of the United States, and a more free and expanded

- ... . . i i . i i -

nfS oi our coneinuems, anu w nuvance me giory oi our c :mmon country. Since the last adj urnment of Congress, the Executive Ins relaxed no effort to render indestrui'tablc the relations

of amity which so happily exist between the United States

and other countries. I he treaty lately concluded with Great Uritain has tended greatly to increaso the good understanding which a recipricity of interest is calculated to encourage, and it is most ardently hoped that nothing may transpire to interrupt the relations of amity which it is so obviously the policy of both nations tocnltivate. question of much importance still remains ta bo adjusted between them. The territorial limits of the two

cjuntries iu relationo what is commonly known as the j

Oregon Territory, still remains in dispute. Ihe Lnited States would be at all times indisposed to aggrandize themselves at tbe expense of any other nation; but while they would bi restrained bf principles of honor, which should

field (or commercial operations, will affect injuriously no existing interest of tha Lrnion. Should tho negotiations

I be rrow nrd with tucci si, its tectlts will be ccn munica-

itlto both Houses of Congress. I communicate here with certain despatches rececivad from our Minister at Mexico, and also a correspondence which has recently occurred between the Envoy from that Republic and tha Secretary of State. It must b regar. ded as not a little extraordinary, that the Govemmsnt of Mexico, in anticipation of a public discussion, which it has boon pleased to infer, from newspaper publications, as likely to take place in Congress, relating to the annexion of Texas to the United Statos, should have so far antici-

! pited the result tf such discussion, as to have announced

its deteiruin-tiin to visit tiny such anticipated decision by

rovern the conduct of nations as well as that of individuals, a formal declaration of war against the United Slates.

If

frem setting up a demand! for territory which does not be-! designed to prevent CJotigrcss from introducing that ques4ong to them, they woold as unwillingly consent to a eur-' t;on a9 a fit ,bject for its calm deliberation and final judgrundcr of their rights. After the mitt rigid, and, as for as I nen, ,he Kcu,jTe , no reason t0 douht thal it wiil practicable, unbiassed examination of the subject, the U.I V ,.. - , n. ..,.;. nr.

to the entire region of countrv lvin2 on the Pacific, and "ravo Bnu p-'" l'"'l win Burr ..v .ri,r,..e...,on embracing within 4 degs. and 54 deg. 40 min. of north ture consequences to embarrass them in the course of latitude. The claim being controverted by Great Britain. Iheir prow)9ed deliberations, Nor will the Executive Dethosa whojhave precceded the present Executive actua- partment of tho Government fail, for any such cause, to

t i, na doubt, by an earnest desire to adjust tne matter j discharge its wnoie auiy to ine coumry.

upon terms mutuallv satisfactory to both countries hive

raused to be submitted to the British Government propositions for settlement and final adjustment, which, however, have not proved heretofore acceptable to it. Our Minister at London has, under instructions, sgain broughtj the subject to tbe consideration of that Government; and while no thing will be done tocomproinit the rights or honor of the United States, every proper expedient will be resorted to in order to bring the nrgotistion now in progress of resumption to a speedy and happy termination. In the mean time it is proper to remark, that many of our citizens are cither already established in the territory, or on their way thither for the purpose of forming permanent settlements, while others are preparing to follow; and in view of these facts I must repeat the recommendation? contained in former messages, for the establishment of military posts, at such places on the line of travel as will' furnish security and protection to our hardy adventurers against hostile tribes of Indians inhabiting those extensive regions. Our laws should also follow tbcm, so modified as the circumstances

nfthecasomar seem to require. Under the influence of

of our free system of government, new republics are destined to spring up, at no distant day, on the shores of the Pacific, Fimilar in policy and feeling to those existing on this side the Rocky Mountains, and giving a wider and more extensive spread to the principles of civil and religious libertv. I am happv to inform yon that the cases which have arisen, from time to time, of the detention of American vessel by British cruisers on the cosst of Africa, under preteuca of being engaged in the slave trade, have been placed in a Tair train of adjustment. In tho case of William and Francis. Tull satisfaction will be allowed. In the case rr the Tigris and the Seamew, the British Government admits that satisfaction is due. In the case of the Jones.

the sum accruing froi.i the sale of that vessel and cargo will

be paid to the owners, while I cannot oui nauer mysen mat full indemnification will be aKowed for all damages sustained by the detention of the vessel; and in the case of the Douglass, herMajesty's Government has expressed its determination to make indemnification. Strong hopes are threfore entertained that most, if not all those eases, will be speedily adjusted. No new cases have arisen aince the ratification of the treaty of Washington; and it is confidently anticipated that the slave trade, under the operation vf the eihth article of that treaty, will be altogether eupf rested

nun, iu an wiiu ii ma ubiciii u bid. Mini an i piiriii Ira wi I pi pni. iih. nppn ninn I w ,ni.n.ii. .1 1 1

eight years' struggle, has Bailed to reduce to submission substitution of the pr cious tnci.ls, and paper prompt!,

a portion oi us suojecis siaoaing out in revan against u. redeemable in specie; and thus r.ilse values hive dmj and who have not on!y proclaimed themselves to be inde peered, and a sounder condition of things has been inirn

pendant, but have been recognised as such br other pow. duced. This transition, although intimitel mnnc..

.r. .U ..i,, 1,., .l, .: :n i -.L . ... ' , '

, ; s" " V.' v-v win - I wiii wio pro? peri 17 oi ine rounuy, lias nevertheless been

looa 10 meir ootious injury; upon a protraction ot bos- attended with much emparrassmenl lo the Government

tiltlies. These United States threw on their colonial in. in its financial concerns. So lonff as the for;

dependence, sod establish independent Governments and could receive payment for their cagoes in a currency of

.ii..u,.iiCi wiMig wmiu iici ireful iu ni gresuy less vaiuo man inn in curope.but fullv aval h.

tempt to subdue them for a less period than Mexico has ble here in the ourchase ofour atrricuhural nrodnn;.

attempted to subdugate Texas, had the wisdom and jus. their profits being immeasuable augmented by the opera-! slice to acknowledge their independence .'thereby recog- tion, the shipment ware large, and the revenues of the

msiog uie oougauon wnico resiea on ner as one oi me iuovernm ;nt became superabuodent. JJut the change in family of nations. the character of circulation Irom a nominal and annareml

An example thus setup by one of the proudest; as well real value, in the first stages of its existence, loan obvil

most powetful nations Of the earth, it could in no oust Aenreeiatpd value in its scronrl-o ihnt '( n I

way desp,arag Jfexico to imitate. While, therefore, answered the purpose of exchange or barter, and its ulti

the Executive would deplore any colisioo with Mexico, mate substitution bv asound metallic and oaDercirenl.i;

j. .i r-n" i.. ..I . '

or any uisiuroance oi tne inenaiy relations wnicn exist combined, has been attended by diminished importation,

uciwceu we 1 vo countries, u cannoi peruin uiai govern ana a consequent tailing otl in tho revenue. This haa

nt

0

ment to control its policy, whatever it may be, towards induced Congress, from 1837, to resort to the expedier Texas; but will treat her as, by the recognition of her of issains treasury notes, and finallv of funding thom ;

independence, the United States have long since declar. order to supply deficiencies. I cannot.however, withhold

the remark, that it is no way compatible with the dimn

of the Government that a public debt should be ciem.

in time of peace to meet the current expenses of thn

Government, or that temporary expedients should be

resorted to an hour longer than it is possible to avoiil

them. The Executive can do no more than aoolv th

ed they would do as entirely independent of Mexico

The high obligations of public duty may enforce from tho constituted aathorities of the United States a policy which the course persevered in by Mexico will have mainly contributed to produce; and the Executive, in such a contingency, will, with confidence, throw itself upon the

patriotism of tbe people to sustain the government in its means which Congress places in his hands for the sud.

course of action. port ol Government : and ha

-Veasuresof an unusual character have recently been try, and for the preservation of its liberties, it possesses

uupicu vj mis nirxicanuoTBrnraeni, calculates in no no power to levy exactions on tbe people, or to fores small degree to effect the trade of other nations with from them contributions to tho public revenue in ant

t n i uvi. 10 Hijui iuuoi j w mi wiiiicu uuii-i. lurui. ncan oniy recommena sucn measures as mir A II fornirrnnra h Anroa nf itia 91, t t nf Santa m ha I !n I ll J r i. .t . . -l .. '

-i "i - v, . u. in us ipiuiuii, uc caiteu iui oj me warns oi tas puniic and after six months Horn the day of its promulgation, arc smvice, to Congress, with whom alone rests the power forbidden to carry on the business of selling by retail any to lay and collect taxes, duties, imposts, and excises."

gooos witmn tne confines ot Mexico. Agaiusl ibis de- This duty has upon several occasions heretofore been per

- vi . iviuvua.ia.. lUMucu. i us preseui cuiiuiiiun oi uiings givesa nauenn? The trade heretofore carried on by our citiains with 1 promise that irada and commerce am rani.il

Santa Fe, in which much capital was already invested, and, fortunately for ihe country, tho sources of revenuo

ana wnicn was Becoming oi aauy increasing importance, nave only to be opened, in order to prove abundant

nil llldilAnl. naAtk iH.al.il Km a nf ;. 1 ...LI I TIf I l . - ! i.

.wi.Mii wsvu himku "j wv-vi wi tinuBi uiuui i tvniie wh can aniicin.Tie no consmernnirt in

l . a. a .. .1 r

union on tne part oi ine meaican uovernment. ynat- crease in the proceeds of the sales of the public

mmm w. Af ILf I ma a a.Al. k! m.m atliiUs I.. " .... .. .

CICl Ilia T UfJ IIKIII VI IMOAIVW V VIVUIUII till W UIIIVHII

court of trade ta the cilixtas or lubjects of foreign pow

era 9 this Ute procedure, to ear tbe leait or it, we are e

USISJii SiUBl UUIIIVIIUIT BB B lw ,. 1 a a . mWT a a 1 f

The installments on the claimt recently settled by the PIC PreV ,.n,in 8?.,arc a ,?oaY 0 e "

convent on wilh Mexico have been ounctna v aid as tbev ..u uu, wuwu., uu ai

have fallen due. and our Minister is ensaired in urdnt? the asposn oi me Government, no one can reason

establishment of a new commission, in pursuance of the doubt the entire ability of the Government

convention for the settlement of unadjusted claims. to meet its engagements under every emergency

vritnthe otber American states our relations oi ami- in seasons oi tnai ana aiiucuity simi:iar to moss ty and good will have remained uninterrupted. Our Min- thro' which we are passing, the capitalist makes

ister near the Kepublic of Now Uranada has succeeded in I his investment in the Government slocks, with the

aoecting an adjutant of the claim upon that Uovernment most assured confidence of ultimate reimbursement

for the schooner "By t-hance," which has been pending whatever may be said in a period of great financial

ormany years, i ne ciaim tor tne orig-orns,;- wn.cu prosperity .such as existed for some vears after

flaunts origin during the existence oi tne republic oi 0- 33 1 should reparJil RS SJcdiiL in a season

luninia, ana inaemnincauon lor wnicn, ..nco no financial embarrassment, to alienate either the lands

will be urwith JnweH ,eal. themselves, or the proceeds arising from their sales

! lands, for reasons perfectly obvious to all, for sev

eral years to come, yet the public lands cannot otherwise than be regarded as the foundation of the

The occasional interruption experienced ty our tellow

citiions engaged in the fisheries on the neighboring coast of

Nova Scotia, has not failed to claim the attention 01 tne Executive. Representations upon this auaject have been made; but, as yet, no definite anrwerc to those representations has been received from the British Government. Two other subjects of comparatively minor importance, but nevertheless of too much consequence to be neglected, remain still to be adjusted between the two countriea. By the.treaty between the United States and Great Britain nf July, iei5, it is provided that no higher duties 6hall be levied in cither countrv on articles imported from the otber

than on the same articles imported from any other place. In 193ft rough rice, by act of Parliament, was admitted from the coast of Africa into Great Uritian an the payment f a duty of one penny a quarter; while tbe came article from all other countries, including the United States, wae subjected to tha payment of a duty of 20 ahilling a quarter. Our Minister ct London has, from time to time. Draught this cebject to the consideration of tha British Government, but, so far, without success. He is instructed to renew hie representations upon it. Some years aince, a claim was preferred against the British Government on the part of certain American merchants, far the return of export duties paid by them on

shipments of woollen goods to the tnitcd states, after tne duty on similar articles exported to other countries had been repealed and consequently in contravention of the commercial convention between the two actions, cecuring to us equality in such cases. The principle on whu the claim rcslc haa long aince been virtually admit11 L. r?a. Rriiain; hat nhtirtt tit c lt1pment have

V M WJ V . ' .. . , from time to time been interposed, so that a large portion;

f tha amount claimed has not been refunded. Our Minister is saw .imaged in the prosecution or tha claim, and I cannot but persude myself that the British Government wJItto b?r delsy its adjustment.

The war which has existed for so long a time between

Mexico end Texas has, since the battle of San Jhcinto, consisted for the most part of predatory incussions, which, while they have been attended with much of suffering to individuals, and have kept the borders of the two countries in a state of constant alarm, have fail to ap proach to any definitive result. Mexico haa filled out no formable armament, by land or by sea,for Hie subjugation of Texas. Eight years have now elapsed since Texas declared her independence of Mexico, and during that time I as been recognised as asovreign power by several of the

principle civilized states. iHexico, nevertheless, perse

veres iu her plans of re-conquest, and refuses to recog

nise her independenco. Ihe predatory incursions to

which I have alluded, have been attended in one instance.

with the breaking up of the courts of justice, by the seizure of the person of the judges, jury, and officers of the court, and diaggeing them along with unarmed. and therofonre on-combatant citizens, anto a cruel and oppressive bondage ;thus leaving crime to go unpunished, and immorality to pass unapproved. A border warfare ia evermore to bed eprecated, and over such a war as has existed for so mauy years between these two flates, humanity has had great cause to lament. Nor is such a condition of things to be deplored only because ol the individual s a tiering attendant upon it. The effects are far more extensive. The creator of the Universe has given man the earth for his resting place, and its fruits for his subsistence. Whatever therefore ahall make the first, or any part of it, a scene of desolation effects injuriously his heiitage,and may be regarded as a general

calamity, ft ars may sometimes be necessary; but all na lions have a common interest in bringing them speedily to a close. The United Stales have an immediate inter est in seeing an end put to the state ol hostilities exist ing between .Mexico and Texas. They are our neighbors, of the same continent, with whom we ire not only desirous of cultivating the relations of amity, but of the most extended commercial intercourse, and to practise all the rights of a neighborhood hospitality. Our own interests are deeply involved in the matter, since, however neutral ma v be our course of policy, we cannot hope to escape

tha effects of a spirit of jealousy on the part of both of

the powers. A or can this government be indinetenl to the fact, that a warfare, such as is waged between these two nations, is calculated to we aken both powers, and inatanllv to render them, and especially the weaker of the

two.the suhicct of interference on tbe part of stronger and

more powerful nations, which, intent only on advancing their own peculiar views, may sooner or later attempt to

Krintr shout a compliance of terms, as the condition of

tneir iterpoisition, alike derogatory to the nation granting thpm. and detrimental to the interests of the United

Si. tec H e could not be expectea quietly to permit any

such interference lo our disadvantage. Considering that Texas is separated from the United States, by a mere geoorcnbical line: that her territory, in the opinion of many

formed a pottion of the Territtuy of the United Slates; it i hnmoneneous in its opuUtion and pursuits with

tha mlininina States, and makes contributions to the com

merce of the world in the same articles with them : and that moat of her inhabitants have been citizens of the United

States: soc-ak the same language, and live under simitar

political i nstitutions with ourselves this Government is ! . . . 1 a a - aa.ll al af

bound, by every consiaeniiion oi imeicoi, sympathy, to see that aha shall be left free to act, espe

ai.iia in ha, rinmri ie anairs. nnawea ov lorce. iuu uiua

v. 1 a J u .... - . mined bv the oolicv or views of other countries. In

full view of all these considerations, the Executive has not hesitated to express to the Government ofMexicoJhow deeply it df plicated a continuance Of the war, and how

anxiously it desired to witaess us termination

I a.nnnt but think that it becomes tho United States

ihn nldest of the American Republics, to hold a Ian

sua ire to Mexico upon this subject of an unambiguou

character. It la time that the war bad ceased. There mu

I have much pleasure in siying that the government of n? nr" paramount auiy 01 tnose to wnom may

im upon that government in uc ,UHU,lcu i,,c ""'"'uuuawuu wi puuuc uaus,is 10

Brazil has adjucated the claim upon that government

the case or the scooner "John S. Bryan, and that san guine hopes are entertained that the same spirit of juslice will influence its councils in arriving at an early decision upon the remaining claims; thereby removing all cause of dissention between the two powers whose interests are, to some extent, interwoven with each other. Our Minister al Chili haa succeeded in inducing a recognition by that government of the adjustment effected

of the

guard the public credit, in re-establishing the

credit of this central Government, the readiest and

most obvious mode is taken to restore the credit of

the States. The extremities can only be

sound by producing a healthy action in the Gener

al Government; and the history of the present day

lully establishes the fact that an increase in the value of th storks nf thU trnvemment. will in n

by h.s predecessor or the first claims in the case or the majoritv .f instances, be attended by an increase "Macedonian." The first entailment has been received ;u lhe v-alue of the stocks of the ,t should by the claimants in the United States. .u,.r.. k- - .. r 1 i.: '

Nolice of the exchange of ratification of the treaty wilh 'CI"' .7 . .7 .7. u 6 . '

feru. which wilt take olace at Lima, has not reached this """"" " l" """B "

I inrrAlinrtifftrT f 1 fnnm oi r i mm f ha va.slaf r K a I ,-

VVIUUUI, UUI IV tC.elTOV,llJll BI1UIUT UO IV ICVDITV IVIlU WIO I .w a a . .. ...

claim unon tho renublic will doubtless ba I au dated and "uultul uu ucc" su '""7 'lu,,:u 11

and Daid lnas been enabled to effect a loan of seven millions

- r I 1- 1 . . . , .

Inconsequence of a misunderstanding between this o aoiiars to redeem mat amount oi treasury notes,

Government and that of Buenos Ayers, occurring aeve. on terms more favorable than nny that have been

ral years ago this Government has remained unrepresen offered lor many yean; and the six per cent stock ted at that court, while a minister from it has been con which was created in 1812, has advanced in the stantly resident here. The cause of irritation have, in a hands of the holders to nearly twentv ner cent

- s f- - j r

reat measure, passed awsy; and it is in contemplation, above its Dar value. The confidence of the Deo-

n view of important interests which have grown up in nle in the inteirritv of their Government has thus

uiai -uuniry .1 auiae ocrij it:riou uuriug 111. Fioui - (jeen SICHa lv manifested.

lonoi congress, w.tn tne concurrence o. ne oen.i.io Thee opinions relative to thl public lands do

UndP tha nro.;.;. r . ,r, f rnnRr. t ,h i-t n.ot m any manner, conflict with the observance of

.4-Mion. mSnlamr ... J..n.ieli ftom ih. ITnit. fltatM m0St ,,beral P0',Cy towards thOSO ofoUrfelloW

to China, in August of tha nresent .ear. who. from the citizens who press forward into the wilderness,

atest accounts we have from him, was at Suez, in hgypt,

on the -Ulh September last, on his rout to China.

In regard to tbe Indian tnbee residing within our juris

dictions! limits, the greatest vigilence of the Govern

ment has been exerted to preserve them at peace among I hardships endured, and finds ample remuneration in

tnemseives, and to inspire them with feelings or confidence the comlorts which its policy insures, and the hap- : .u r a:, f . j ... e.: j I ....... . '

111 iuu jusiiiio wi -uia viuv.i.iaeui, aiiu 10 cuuivaia iricuu 1 pmOSS ll imparts. ship wilh the border inhabitants. This has happily sue- .Should a revision of the tariff, with a view to rev

ceeded to a great extent; but it is a subject ot regret tut .nu. bernma neoMs.arv in tho Aetimatinn nf Con

.1. -..r. . 1 : l. . J ' . .

....,,uu.. .,..... ..,.u.u... uo .j--.u gress, doubt not you will approach the subject upon bj artftt I and designing men-and this, netwiibslana wUh a Jt flnd enightened regard to the interests

of the whole Union. The principles and views

.:-. 1 1 i r .

183. axclusive of loan.. .rn liitla more than ei-h- "a neretoiore naa occasion 10 suomii,

. I . I I I. I I tnn.

lo.n ; nn.nf Jn .... a.J lk. Ini UI-.IU UUl.llit Ijr U . 11 l.il. HUWCVer. UC V C 1 UC l-v

of Davmenta on the oublie debt, will have been about often repeated, that the prominent interest of every

.... r-- - : -,-r" r

twenty-three million or dollars. By the actor 184-!, a new importaat pursuit oi me requires, tor success, piarrangement of tSe fiscal year was made, so that it should manency and stability in Legislation. These cancommence on the first day of July in each year. The only be attained by adopting, as the basis of action.

accounts and estimates for the current fiscal year will ahow moderation in all things; which is as indispensably that the loans St treasury notes made and isaued before the necessary to secure the harmonious action of tha

closo of the laat Congress, to meet the anticipated defian- political as of the animal s vstem . In our political

cy, have not been entirely adequate. Although on the organization, no one section of the country should

and are the pioneers in the work of its reclama

tion. In securing to all such their rights of preemption, the government performs but an act of retributive justice fot sufferintTS encountered and

first or October fast, there was a balance in the treasury, desire to have its supposed interests advanced at jonquenceorthe provision thus made of, $3,014-. the ,acrifice ofaIl others; but union being the great .Viff.',?SV interest, eauallv precious to all. should be fostered

r . mi: i jn .. .l. -i Zr .v . 'i and sustained bv mutual concessions, und the cul-

si mw uiuiiub si uuiiiii ai iu viun ui tut sivnbi bku . , , . . , ; ' l--I. ..... tivation of that smrit of comorotnise. from whicH.

There are outstanding treasury notea to about the ain't I lhe Constitution itself proceeded . of four million six hundred thousand dollars; and should You will be informed, by the report from the

they be returned upon the treccury during the iscal year, Treasury Department, of the measures taken under

may win require provision ior ineir reoempuon. i ao not, the OCt Ot the last session, author izinz the re-lMU8 1 .u:- Au.i.1 at i i . l I . o ...

iiuwcvor, icK.ru -.us pi-u.-. ..0 iqbj hub win oo- 0t treasury notes in lieu of those then outstandingviously enterred into the currency of the country, and The system adonted in oursuanra of existine lawi,

will continue to form a portion or it, if the system now .a-m-..n ...u..!.,. . .u u

adopted be continued. The loan of 1841. amounting to I""" "V r"t.T. 5t .fr A T. " and $5,672,976 89. falls due on the first of January, 1845, Tf.1.0;1"6'1' h,le ,l ards conveniences and

andmust be provided for, or postponed by a new loan. 17'' r,' "'J ! ..o

And unless the resources or revenue should be material- w "i b ,CIor ly increased by you, there will be a probable deficiency for tbt.1 rePort fr means proposed by the Secretary the service of the fiscal year ending June 30th, 1845, of t0 increase the revenue, and particularly to that upwards ef four millions of dollars. portion of it which relates to the subject of the

The delusion incident to an enormously excessive pa. warehousing system, which I earnestly urged upc

per circulation, which gave a fictitioas value to every I Congress at its last session, and es to the import-

thing, and stimulated adveaterte nd sepculation to an-lance of which my opinion has undergone no change.