Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1832-12-13

Our commerce with the neighboring

G State OF Peru, owing TO the on0rous du
ties leNed on our principal articles q
a export, has been OH the decline, and al
end"a'ors to procure an alteration hay,
, hitherto proved iruit!ess. With Bolivia
we have yet no diplomatic intercourse
) and The continual c,hltcets carried on be
r tween ii aud Peru have made me defer
: until more favorable period, the ap
poinil,cnt OF any agent for that purpose
r a, act of ntrociouS piracy havin,
been committed on cnc of our trading
ships by the inhali.ants of a sctilcmcn
on the west coast Of sunatra, irigat.
Z was dispatched with orders to demand
sats'a ctlon for the injury, if those who
committed Ii should be found members OF
T a regular government, capable of main
tanning the usual relations with foreign
nations; but II, as 1t was supposed, and
as they proved To be, they were band
OF lawlcss pirates, TO nliict sueh chas-
tlscment as would deter them and others
dohc, and the effect has been an incrcas-
cd respect for our flag in those distant
seas, and additional security for our
commerce.
In the view have given of our con-
nectlon with foreign powers, illusions
!. have been made to their domestic distur-
Dances or foreign wars, to their rovolu-
tons or dissentions. 1t may be proper
to observe that this is done solely in ca
ses where those events affect our polit-
cal relations with them, or to show their
operation on our commerce. Further
than this, it is neither our policy nor our
right TO interfere. Our best wishes on
all occasions, our good Offices when re-
quired, will be afforded, TO promote the
domestic tranquility and foreign peace
of all nations with whom we have any
intercourse. Any Intervention in their
@..a::::;TS further than this, even by the cx-
preston Of an official opinion, is contra
ry to our principles Of international poll
cy, and will always be avoided.
The report which the Secretary Of the
Treasury will in due time, lay before
you, will exhibit the national finances in
n highly prosperous state. Owing to the
continued success of our commercial en-
terprize, which has enabled the mer-
chants to fulfil their engagements with
the government, the receipts from GUS
toms during the year will exceed the cs-
innate presented at the last session; and
with the other means Of the Treasury,
will prove fully adequate, not only to
meet the increased expenditures resulting
from the large appropriations made by
Congress, but to provide for the payment
Vi all tnc public debt which is at present
redcemable. 1t is now estimated that
the customs will yield to the Treasury,
during the present year, upwards of
twenty-eight millions Of dollars. The
public lands, however, have proved less
productive than was anticipated, and ac-
cording to present information, will not
much exceed two millions. The cxpcn-
ditures for all objects other than the pub
lie debt, are estimated to amount during
the year to about sixteen millions and Il
hall, while a still larger sum, viz: eigh-.
teen millions OF dollars, will have been
applied to the principal and interest ofthe
public debt.
1t is expected, however, that in con.
sequence Of the reduced rates of duty
which will take effect after the Sd Of
March, next, there will be considcra-
bic falling of in the revenue from GUS
toms in the year 1888. twill, neverthe-
less, be amply sufficient to provide for
all the wants of the public service, esti-
mated even upon liberal scale, and for
he redemption and purchase OF the re-
of the public debt. On the
first of January next, the entire public
lebt Of the United States, funded and
will be reduced to within a
raction of seven millions Of dollars: Of,
which s., ,927 1868 arc not of right rC-
iocmabc until the first Of January, 1884,
md S1,735, 1896 not until the I'd of Jan
iaiy, 1885. The commissioners of the
sinking fund, however, being invested
With full authority to purchase the debt
t the market pricc, and the means of
he Treasury being ample, it may be
opcd that the whole will be extnguish-
d within the year 1858.
! cannot too cordially congratulate |
Congress- and my citizens on the I
ear approach Of that memorable and c
appy event, the extinction Of the public O
cbt of this great and free nation. Faith
Il To the wise and patriotic policy mark Il
4 out by the Legislation of the country i.
II this object, the present administration b
rs devoted to it all the means which d
commerce has supplied, and p
prudent economy preserved for the v
lblic Treasury. Within the four years it
r which the people have conGdcd the III
ecutive power TO my charge, ly-cight d.
llions of dollars will have been applied al
the payment of the public debt That ol