The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1825-12-14

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lean Republics as independent States Will, it is be-
lieved contribute etlectually accomplish. The
time has been, and that not remote, when OF
those States might, in their anxious desile to obtain
nominal recognition, have accepted of nominal in
dependence, clogged with bufdeusome conditions,
and exclusive commercial privileges granted 10 the
nation from which they have separated, to the dsad
vantage of all Others. They are now all aware
that such concessions TO any European nation, would
be incompatible with that independence which they
have declared and maintained
Among the measures which have been suggested
to them by the new relations with another, re-
suting from the recent changes of their conditions
that of assembling, at the sthmus OF Panama, Con-
gress at which each of them should be represented TO
deliberate upon objects important to the welfare of ALL
The Republics OF Colombia of Mexico. and Of Central
America have already deputed Plenipoentaries to
such meeting, and they have invited the United
States 10 be also represented there by their Ministers
/ he invitation has been accepted, and Ministers
the part of the United States will be commissioned to
attend at those deliberations, and to take part in them
SO lar as may be compatible with that neutrality from
which il is neither inteuto the desire of the
other American States, that we should depart.
he ConmlSttiqEvEs SO nearly completed their la
bous, that by the report recently received from The
Agent the part CT the United States there
to expect that the commission will be closed at their
next session, appointed for the 22d of May of the
suiug year.
The other commission, appointed 10 ascertain The
indemnities due for slaves carried away from the u
nited States, after the close ofthe la,e war; have met
with difficulty, which has delayed their progress
in The inquiry. A reference has been made to the
British Government the subject, which, it may be
hoped, viii tend TO hasten the decision the Comms
sioners, or a substitute for it.
Among the powers specifically granted to Congress
by The constitution, those of establishing uniform
laws nn the subject of bankruptcies throughout the
United States; and of providing for organizing, arm
ing, and disciplining the militia, aud for governing
such part of them may be employed in the service
of the United States. The snitude and complexi-
y of the interests affected by legislation upon these
subjects may account for The fact that, long and oft
en- as both Of them have occupied the attention. and
animated the debates Of Congress, systems have
yet been devised, for fulfilling, 10 the satisfaction of
the community, the duties prescribed by these grants
OF power. 70 conciliate the claim of the individual
citizen to the enjoyment Of personal liberty with the
effective obligation OF private contracts, is the difficult
problem to be solved by law of bankruptcy These
objects Of the deepest interest to society; affect
ing all that is precious i'll the existence of multtudes
of persons, many of them in the classes essentially de-
pendent and helpless of the age requiing nurture,
and OF the sex entitled to protection from the free
gency OF the parent and the husband. The organza-
lion Of the militia is yet indispensable TO The lib
critics of the country. 1t is only by effective mill
TIA that we can at once enjoy the repose peace, and
bid defiance 10 foreign aggression it is by the militia
that we are constituted armed nation standing in
perpetual panoply of defence in the presence the
other nations of the earth To this end it would be
necessary so to shape its organization 10 give it
more united and active energy There are laws for
establishing uniform militia throughout the United
States and for arming and equippng lis whole body.
Bat il IS body of dislocated members. without the
Sgur of unity, and having little OF uniformity bat the
name 10 mfuse into this most important institution
the power OF which il is susceptible, and 10 make it
available for the defence of the Union at the shortest
notice. and at the smallest expense of time, of life and
oi treasure, are among the benefits to be expected
from the persevering deliberations of Congress
Among the unequivocal indications Of our national
prosperity, is the ourishins state of our finances
he revenues OF the present year, from all their
principal sources, will exceed the anticipations of
the last. The balance in the treasury, on the 1st
of January last, little short Of two millions of
dollars, exclusive of two millions and half being the
molety OF the loan OF five millions, authorized by the
Act of goth of May, 1924. The receipts into the
treasury from the first of January, 70 The hrtieth of
September exclusive OF the other moety of the
loan, are estimated at sixteen millions five hundred
thousand dollars; and it expected that those of the
current quarter will exceed FIVE millions of dollars,
forming an aggregate of receipts of nearly yeny-Yfo
millions, independent of the loan. The expenditures
OF the year will not exceed that sum more than two
millions. By those expenditures, nearly eight mil
lions of the principal of the public debt have been dis
charged. More than million and a half has been
htbOteu 10 Inc deDt OF gratitude to the
revolution nearly equal sum 10 the construction of
ioricatons, and the acquisition of ordnance and 9th
er permanent prepaTatives Of national defence half
million to the gradual increase of the ayy an canal
sum for purchases of territory from the Indians and
payment OF annuities TO them; and upwards Of mil
lion for objects Of Internal Improvement authorized
by special Acts Of the last Congress If we add TO
these, four millions of dollars for payment Of interest
upon the public debt, there remains sum Of about
seven millions, which have betrayed the whole ex-
pense of The Administration of Government, in its Ie
glslatire Executive, and Judiciary Departments. in
Guiding the support OF the Military and Naval estab
ishmets, and all the occasional contingencies of a
Government co-eztensiye with the Union.
The amount Of duties secured on merchandise i'm,
ported from the commencement of The year. is about
twenty-iI millions and half; and that which will
accrue during the current quarter is estimated at five
millions aud half: from these thirty-one millions
deductng the drawbacks, estimated at less than seven
millions, a sum exceeding tweniy-four millions win
constitute the revenue OF the year, and will exceed
the whole expenditures Of the year. The entire
amount of public debt remaining due ON the first Of
January next, will be short of eighty-one millions Of
dollars.
BY an Act Of Congress Of the third of March last
loan OF twelve millions of dollars was authorized Al
TOUR and hal per cont. or exchange Of stock to
that amount Of four and half per cent for stock
OF SIX per cent to create fund for distinguishing an
equal amount Of the public debt, bearing an interest
OF six per ceut. redeenablc in 1926. An account of
the measures taken to give effect to this Act will be
laid before you by the Secretary Of the Treasury As
the object which it had in view has been but partial
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