Star.
London, England, 1828-01-02 00:00:00

dwelling at the remotest distances from nth other:

Among the subjects which hare hetemfote occupied
the eat nest ol ic; tu de and attention of Congress, is the,
management and disposal of that perii,in of the, property
of the nation shich consists of the pubic lands. The
acqeisition of them. made at the expense of tie whole
Union, not only in treasure, but in blood, marks a

right of property in them equally extensive:-
report and statements from the General Land Office
now communicated, it Appears that under the present
Government of the United States a sum little short of
thirty three millions of dollAt s has I een paid from
the common Treasury for that portion of thi) property
which has been purchased from France and Spain, and
for the extinction of the aboriginal titles. The amount
of lands acquired is nearly 260,000,000 acres, of which,
on the Ist January, 1826, about 139,000 000 acres had
been surveyed, and little more than 10,000,000 acres
had been sold. The amount paid into the Treasury by
the purchasers of the lands sold is not yet equal to the
snm paid for the whole, but leaves a small balance to
be refunded ; the proceeds of the sales of the lands
have long been pledged to the creditors of the nation;
a pledge from which• we have reason to hope that
they will in a few years be redeemed. The system upon
wirich this great national interest has been managed
was the result of long, anxious, and persevering deli-
beration; matured and modified by the progress of our
population, and the lessons of exp••rience, it has been
_ .

hitherto eminently successful. More than nine-tenths
of the lands still remain the common property of the
Union, the appropriation and disposal of ss hich are
sacred trusts in the hands of Congress. Of the said
lands sold, a considerable part were conveyed under
estendedcredits, which in the vicissitudes and fluctua•

tions in the value of lands, and of their produce, became
oppressively burdensome to the purchasers. It can never
be the interest or the policy of the nation to wting from'
its-own citizens the reasonable profits of their industry
and enterprise, by holding them to the rigorous import
of disastrous engagements. In March, 1821, a debtof
twenty-two millions of dollars, due by purchasers of doe
public lands, bad accumulated, which they were unable
to-pay.• An Act of Congress of 2d March, 1821, came,
to their relief, and hasbeen succeeded by others, the
latest being the Act of the 4th May, 11128;ihe 4144,
gent provisions of which expired on the 4th July bit.
The effect of these laws has been to reduce the debt
from the purchasers, to a remaining balance of about
four millions three hundred thousand dollars due; more
than three-fifths of which are for lands within the Slate
of Alabama. I recommend to Congress the revival
and continuance for a further term, of the • beneficent
accommodations to the public debtors, of that statute'
and submit to their consideration, in the same spirit of
-equity, the remi4sions, under proper discriminations,- of
the forfeitures of partial payments, 00 account of pm.:
chase of the public lands, so far as to allow of their
application-to other payments.
There are vatious other subjects of deep interest to
the whole Union. as !licit have heretofote been recom-
mended to the consideration of Congress, as well by my
predecessors, as under the impression of the duties de-
volving upon me,by myself. Among these ate the debtt
rather of justice than gratitude, to the serving warriors
of the Revolutionary war ; the extension of the Judicial
Administration of the Federal Government, to illne
extensive and important Members of the Union, which,
having risen into existence since the organization of the
present Judiciary establishment, now constitute at least
one third of its territory, power, and population ;' the
formation of a more effective and uniform system for
the government of the militia, and the amelioration, in
some form or modification of the diversified and don
oppressive codes relating to insolvercy. Amidst the
multiplicity of topics of great national concernment
Nhich may recommend themselves to the calm and pa-
triotic deliberations of the Legislature, it may suffice to
say, that to all these, and other measures which may
receive their sanction, my Marty cooperation will be
given, conformably to the duties enjoined upon me, and
under the sense of all the obligations prescribed by the
Coostitution. JOHN QUINCY ADAMS.
Washington, Dee. 441127.

PRICE OF STOCKS AT TWO O'CLOCK.
Bank Stock 5031 kidia Stock
3 per Cent. Red. 831 1 i Ditto Bonds 82 84
3 per Ct. Cons. Shut. South Sea Stock
31 per Cent. 901 Old Annuities
II per Cent. lied. 901 j £lOOO Faccheq. Bills 54 35 53
4 per Ct. New Sent. £5OO Ditto 53 55 53
4 per Cent. Scrip £lOO and £2OO Ditto 54 55 54
4 per Cent. 1896, 1001 101 India for Acct.
feu! Ann. Ift 1.-14 19 Consols for Acct. 841 831 84
FOREIGN FUNDS. TWO qcLoc K.
Rwstalisn Bds.s p Ct. 591 blex.Eds.lB2s, 6 p Ct 461 71 71
.4'oloaibian Hoods, 1824, 1171 Do Acct. 461716141 7 6171
pp. Ace. r/i 17 Russ. Eds. 1822, bp C. Aoct 801
WOO I‘l4- 5 p Ct. se Do Met. 901 1 90 1
Do Acct 58 i Ditto 510, 101
61101{ /3.1.11815,5 p Ct. 10 French Kenos, 3 p Ct. 671
Do Acct. Exchange 2.5120 c
NEMO! AND FOREIGN SHARES, TWO O'CLOCK.

Aril* Meitcan
Brazilian
Colombian
Meliean
Vaned Mexican

SN• II N.
100
35
100
100
40

TA ID.
35 27; i 0
20 N 97
£0 . •
23.
35 10

A curious cireumst4nce occurred at Lloyd's yester•
day moraing. On the oper.ing of the Coffee House the
pew books prepared for the year 1828 presented a com•
plete blank I till a line hour of the day no account had
bren received of tiny 4rtival of any meachaat ship from
• foteists voyast.