The Sun.
London, England, 1853-03-16 00:00:00

tn.

IBER.

AMERICA.

THE PRESIDENT'S MESSAGE.
(BY ELECTRIC TELEGRAPH.)
LIVERPOOL, MARCH 16.
The United States mail steam-ship Arctic, Luce
commander, which has just arrived in our river,
brings three days' later dates from New York than
those previously to hand per the America.
The condition of business was not quite so favour-
able as at the last accounts, and money was de-
cidedly more difficult to obtain. The stock market
was also depressed, though the depression was ex-
pected to be only temporary.
In the market for breadstuffs prices had given
way, owing to the advices by the previous steamer
from England, and there was little disposition to
purchase at the following prices :—Western Canal
flour, $5 to $5 121 e. per barrel, barely supported;
Genesse prime wheat, $1 22c. to $1 24c. per 601b5.;
Indian corn, round yellow, 62c. to 64c. per bushel,
steady.
The cotton market at New lYork is reported
brisk, with a good average amount of business
doing. Prices have slightly advanced, as will be
seen by the following quotations :—New Orleans
and Mobile, mid. fair to fair, Ilic. to 12c. per lb.;
Uplands ditto, 10'?",c. to lltc., showing a rise in
each of Re.
The provision market was dull, and prices lower.
Freights also were lower. Flour to Liverpool,
2s. 6d. to 2s. 9d. per barrel ; grain to ditto, Bd. to
Bid! ' • cotton to ditto, 3-16 d. to id. per lb. ; cotton
to Ha vre, lc. to ic. per lb.
Exchange on London ruled at 1091 to 110, with
a very quiet market ; on Paris, 5 12i ; Hamburg,
36 -Ito 361 ; Bremen, 80 to 80k.
Congress had passed the necessary appropriation
bills, and adjourned. The Senate, however, con-
tinued in executive session, to confirm the Cabinet
andlother appointments.
The Arctic brings 80 passengers—she entered the
Mersey at 3 a.m. On the 6th passed the Baltic,
outward bound. The Cambria arrived at Boston
on the sth.
On the 4th inst., General Pierce was formally
inaugura
tas President, and delivered an address,
the 'substance of which was as follows :
One-third of the address is occupied in a review
of the progress of the United States since the revo-
lution, an the increase of power and territory
acqUired by the federation since that period. It
the proceeds :—" And yet this vast increase of
peo le and territory has not only shown itself coin-
pat ble with the harmonious action of the States
and Federal Government, in their respective con-
stitutional spheres, but has afforded an additional
guarantee of the strength and integrity of both.
With experience thus suggestive and cheering, the
policy of my administration will not be controlled
by any timid forebodings of evils from expansion.
It is not to be disguised that our attitude as a
'nation, and position on the globe, render the ac-
quisition of certain possessions not without our.
jurisdiction eminently important for our protection,
if not in. the future essential for the preservation
of 'the rights of commerce and the peace of the
world."
The Message then proceeds to say that if these
"possessions" (no doubt Cuba and Mexico) should
be obtained, it shall be by fair means, and consis-
tently with the strictest observance of national
faith ; and gives an assurance that no act within
the legitimate scope of constitutional control will
be tolerated on the part of any citizens which can-
not challenge ready justification before the tribunal
of the civilised world.
The President then proceeds to say that the
great objects of their pursuit as a people are to be
obtained by peace, and urgently exhorts to the
cultivation of friendly relations with neighburing
nations on the American continent. Of the com-
plex systems. of European policy the United States
are independent, and their wars, tumults, 'and
anxieties cannot affect the American people, except
as appealing to their sympathies in the cause of
human freedom and advancement.
The rights of American citizens are to be vigi-
lantly watched and maintained at home and abroad;
and " it can hardly be necessary to re-affirm a prin-
ciple which should now be regarded as fundamental,
namely, that the rights, security, and repose of
this confederacy reject the idea of interference or
colonisation on this side of the ocean by any foreign
power beyond the present jurisdiction, as utterly
unadvisable."
The document continues to say that a large
army is undesirable in the United States, and
should be the nucleus only for a national militia to
rally round ; but recommends thorough efficiency
in the army. The fugitive slave law and compro-
mise measures occupy the remainder of the Mes-
sage. These measures are fully-endorsed by General
Pierce as desirable and necessary for the preserva-
tion of the Union, which must be maintained at all
hazards ; and the President expresses his hope that
the question is at rest, and that no sectional, ambi-
tious, or fanatical excitement may threaten the
durability of the federal institutions, or obscure
the light of their prosperity. The Message con-
eludes by praying that the kind Providence
which smiled upon their patriot fathers may enable
their children to preserve the blessings they have
inherited.