Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1825-12-09


authorized by special acts of the last CONGRESS
I'VE add to these, four millions of dollars fo,
payment Oh interest upon the public debt, there
remains sum ct about seven millions, which
nave betrayed the whole expense of the Adj.
! fnnstratIon of Government i'm its LerisIntive
Executive, and Judiciary Departments. inclu.
| dihg the support of the Military and Naval rs.
| taoliShments, a:id all the occasional continrcn-
cues OF Government co-cxtensivc with the
! Union.
l. rue ainounto OF duties secured on merchandise
imported, from the CONNIE ncemcnt of The wear
is about twenty five millions and a half: and
mat winch VIII accrue during the current quar-
Ter, is estimated at five millions and a half :
from these th.rty-one millions, detlucting the
drawbacks estimated at less than seven millions,
sum exceeding twenty-four millions will con
Stlutc The revenue of the wear; and will ey-
coed the whole expenditures of the wear The
entire amount OF public debt remaining due on
TIC hrst OF January next will be short OF eighty
one millions of dollars.
by an act OF Congress of the third of March
last, u loan of twelve millions of dollars WAS au-
thorizsd at four and u half per cent or an eX.
change of stock to tina, amount of four and :;
hait per cent. for stock OF SIX per cent To Gre
ate fund for eXtinSeishiug an equal amount OF
the public debt, bearing an interest OF SIX per
cent: reuSemable IN the yearon thousand eight
hundred and twenty An account of the
measures taken to give effect 10 this act will be
iald before YOU by the Secretary of the 1rea-
sury. As the object which it had in view
has been but partially accomplished, it will be
tor the consideration of Congress, whether the
power with which it clothed the Executive
should not be renewed ut nm carly dav of the
present session, and under what notifications.
Ihs act Of Congress of The third of March
last, directing the Secretary OF the Treasury to
subscribe, in tho name and for the use oil The
United States, for one thousand five hundred
shares of the capital stock OF the ChesaDeake
nm lf.is
cuted by the actual substitution for the amount
sPcclhcd; and such other measures lave been
adopted by that officer, under the act. as the
tuliiment of its intentions Requires. The latest
accounts received Of This important undertaking.
authorize the belief that K is iii successful pro-
gress.
The payments irno the Treasury from PRO
ceeds OF the sales of the Public Lands, during
the present year, were estimated at one million
OF dollars. The actual receipts of the first two
quarters have fallen very little short of that sum-
ii is not expected that the second half of the
year viii be equally productive; but the iRrosne
of the year from that source may now be safely
estimated at million and Il half The act Uf
Congress OF eighteenth May, 1924. TO provide
for the eXtingu;shmcnt OF the debt due TO the
United states by the purchaser Of public lands
WAS limited, IN its operation of relief to the
purchaser, to the tenth at April last. lis effect
at the cad OF te-sIIarlor t-jac -'ai-', :. ,.,,i
ed, WAS 10 reduce That debt from ten 10 st. . en-
millions BY the operation Of similar prior laa ;
OF T. lief, from and since that of second March.
1891 the debt rad been reduced, from upwards
oi twenty two millions, to ten. II is EXCEEDING
~ desirable that it saOuld be eXtnguisIed alto
gcthcr; and TO facilitate that consummntion,
recommend to Congress the revival, for one
year more, OF the Act OF the 18th Nav, 1924
with such provisional modification AS May be
necessary TO guard the public interests against
fraudulent practices in the resale OF tHe relin-
quisIcd land. The purchasers OF public lactls
are among the mostusciuiof our frliow-citizcns;
end, since the system Of salcs for cash alone has
been introduced, great indulgence has been
| justly extended TO those who had previously
purchased upon credit. The debt which had
been contracted under the credit sales bad be-
come unw'cltly, and its extinction was alike adj
vanta%cous to tic purchaser and the public.
I Under the system of sales, maturcd, as It has
been, by experience, and adaSted to the cxi-
GCncIcS of the times, the lands viii continue, as
they have becOmc, an abundant source OF reven-
ne; and when tIc pledge Of them to Tie public
creditor Shall have been redeemed by the en-
tire dis;h:. re OF the national debt, the swelling
tide OF " e:itlI With which they rrlinquish the
common Treasury may be made TO rcAow in
initiating streams of Improvement from the At
iantic to the Pacific Ocean.
The condition ct the VARIOUS branches of the
public service resorting from the ~ partment Of
War, and their administration during the cur
rent year, VIII be exhibited in the report from
the Secretary of War, and the accompanying
documents herewith communicated. The or
ganizaton and discipline of the Army are eiiiec-
tive and satisfactory. To cOuntcractShc pTeya-
lencc Of deserlion among the troups, it has been
suggested to withhold from Tie men a small
portion of tiici9 monthly pay, until tic period
o. their discharge and some cXpstlicnt appears
to be necessary 10 preserve and maintain among
the officers much o. the art of horscmanship
rs could scarcely fail to be found wanting, on
/ the possible sudden eruption Of u war, which
should ovcrtakc Us unprovidcd with single
corps Of cavalry. The Military Academy at
West Point, under the restrictions of severe
but patCrnal superintendent, recommends it.
self more and more to Tie patronage of the Ma
ton and the number of mertorious officers
which il forms and introduces to the public ser
vice, furnishes the means OF multiplying the IN
dcrtaEings Of public improvements, to which
their requirements 1T tlIa' institution arc pccr-
liarly adapted. The school OF Artillery Drac-
tice, established at FORTRESS Monroe, is well suit
ed to the same purpose, and may need the aid
OF further Legislative provision to the same
end. The Reports from the various officers at
tie head Of the administrative branches of the
military service, connected with the quarter
ing, clothing, subsistence, health and pay Of
the Army, exhibit The assduous vigilance Of
those officers in the performance Of their res.
pectivc duties, and the faithful accountability
which has pcryaded every part Of the svsicm
oar relations with the numerous tribes or
aboriginal natives of this country, scattered
over ITS extensive surface, and so derendent.
even for ihcr existence, upon Our power, have
been during the present year, highly interest
ing. An act Of Congress Of twenty fifth Of May,
one thocsand eight hundred and twenty four,
made an appropriation 10 dcfray the expenses
Of, making Treaties Of trade and friendship with
81, To- TEL,