Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-12-06

The Commission for liquidating the claims tor
indemnity for slaves carried away after the
close of the war, has been sitting, with doubtful
prospects OF success. Propositions OF compro-
mise have, however, passed between the two
Governments, the result of which, we Halter
ourselves, may yet prove satisfactory. Our
own dispositions and purposes towards Great
Britain are all friendly and conciliatory; nor
can we abandon, but with strong reluctance,
| the belief that they will ultimately meet re-
turn, not of favors, which we neither ask nor
desire, but of equal reciprocity and good will
With the American Governments of this
hemisphere, we continue to maintain an inter-
course altogether friendly, and between their
nations and ours that commercial interchange
of which mutual benefit is the source, and mu
tua comfort and harmony the result, is In
continual state Of improvement. The war be-
tween Spain and them, since the total expul-
sion of the Spanish military force from their
continental territories, has been little more than
nominal; and their internal tranquility. though
occasionally menaccd by the agitations which
civil wars never fail to leave behind them, has
not been affected by any serious calamity.
The Congress of Ministers from several OF
those nations which assembled at Panama, after
short session there, adjourned to meet again,
at more favourable season, In the neighbor-
hood of Mexico. The decease of one of our
| Ministers on his way to the 1sthmus, and the
impediments of the season, which delayed the
departure of the other, deprived us OF the adj
vantage of being represented at the first meet
ing of the Congress. There is, however, no
reason to believe that any of the transactions
of the Congress were of nature to affect in
iuriously the interests of the United States, or
to require the interposition of our Ministers,
had they been present Their absence has in
deed deprived us of the opportunity of posses
sing precise and authentic information of the
treaties which were concluded at Panama; and
the whole result has confirmed me in the con-
viction Of the expediency to the United States
of being represented at the Congress. The
surviving member Of the Mission, appointed
during your last Session, has accordingly pro-
ceeded to his destination, and successor to his
distinguished and lamented associate will be
nominated to the Senate. A Treaty of Amity,
Navigation, and Commerce, has, in the course
of the last summer, been concluded by our Mi
mister Penipotentiary at Mexico, with the U.
States of that Confederacy, which will also be
| laid before the Senate for their advice with re-
gard to its ratification
IN advertlng to the present condition OF our
fiscal concerns, and to the prospects OF our Re-
| venue, the first remark that calls our attention,
is, that they are less exuberantly prosperous
than they were at the corresponding period OF
! the last year. The severe shock so extensive
| ly sustained by the commercial and manutac-
| turing interests in Great Britain; has not beeu
without perceptible recoil upon ourselves. A
reduced importation from abroad is necessarI-
ly succeeded by reduced return to the Irea-
sury at home. The net revenue Of the present
year will not equal that ofthe last. And the re-
| r eli olrp
of those in the current year. The diminution,
however, is in part attributable to the flourish
ing condition of some of our domestic manu-
features, and so far is compensated by an equi-
valent more profitable to the nation. 1t is also
highly gratifying to perceive, that the deficien
cy In the revenue, while it scarcely exceeds the
anticipations OF the last years estimates from
the Treasury, has not interrupted the applica-.
ton OF more than eleven millions during the
present year, to the discharge of the principal
and interest Of the debt, nor the reduction of
upwards of seven millions of the capital debt
itself. The balance in the Treasury on the first
of January last, was five millions two hundred
and one thousand six hundred and fifty dollars
and forty-three cents. The receipts from that
time to the 3Oth of September last, were nine
teen millions five hundred and eighty five thous-
and nine hundred and thirty-two dollars and
fifty cents. The receipts of the current quarter,
estimated at six millions of dollars, yield, with
the sums already received, revenue of about
twenty-five millions and half for the year. The
expenditures for the three first quarters of the
year have amounted to eighteen millions seven
hundred and fourteen thousand two hundred
and twentysix dollars & sixty six cents. The ex-
penGitures of the current quarter are expected,
including the two millions of the principal debt
to be paid, to balance the receipts. SO that the
expenses of the year, amounting to upwards OF
million less than its income, will leave pro-
portionally increased balance in the Treasury,
on the first of January, 1927, over that of the
first Of January last. Instead of five millions
two hundred thousand, there will be SIX mil
lions four hundred thousand dollars.
The amount Of duties secured on merchan-
die imported from the commencement Of the
year until the 3Oth Of September, is estimated
at twenty one millions two hundred and fifty
thousand dollars, and the amount that will pro-
badly accrue during the present quarter, is es-
limated at four millions two bundled and fifty
thousand, making for the whole year twenty
five millions and half, from which the draw