Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1832-12-10

| p lotel1n commerce
Some agitations naturally ate adam, an infant
reign have prevailed in the empire of Btnzll, which
have mad the usual effect upon commercial opera
tons; and while they suspended The consideration
of olalms created on similar occasions, they have
given rise to new complaints on the part of our CT
items. A proper consideration for calamties and
difficulties of this nature has made us less urgent
aud pcremptory in GU, demands for justice than
duty to our fellow citizens would, under other cir
cumstances, have required Rul their claims are
not neglected, aud viii on all proper occasions be
urged, and, 1t is hoped with effect
| refrain from making any communication on
the ubject OF our affairs with Buenos Ayres, be
cause the negotiation communicated TO you in my
last annual message, was, al the date Of oar last
adylces, still pending, and in II state that would
render publication of the details nexpedont
Treaty Of Amity and Commerce has been
formed with the Republic OF Chill, which, If appro
we'd by the Senate, viii be laid before You. That
Government seem to be established aLd at peace
with its nclghbors and IFS ports being the resorts
of our ships which are employed in the highly m-
poran, trade of the fisheries, this commercial con
vcnton cannot but be OF great advantage 10 our fell
low-citlzens engaged in that pcrous but profitable
business.
| Our commerce with the nelghborng State ofPe-
ru, owing to the onerous duties levied on our prlnc-
pal articles OF export has been the decline, ard
all endeavors to procure alteration have hIth-
erto proved iiutioss With Bolivia we have yet
no diplomatic intercourse, and the continual con
test carried on between II and Peru have made ne
defer, until a more favorable period, the appoint
ment of any agent for that purpose
| An act Of atrocous piracy having been commit
ted of GU, trading ships by the inhabitants of
A tttir
was despatched with orders to demand satisfaction
for the injury, if those who committed II should be
found members of regular government, capable of
maintaining the usual relations with foreign ma
tons bul if, as II was supposed, and as they pro
we'd To be- they band Of lawless pirates, TO in
| 1ct such chastscment as would deter them and
others from like aggressons This last was done
and the effect has been increased respec, for
| flag in those distant seas and additional security
for our commerce.
In the view have given Of our connexIon with
foreign powers, illusions have been made to their
domestic disturbances or foreign wars 10 their re-
yolulions or dissentions 1t may he proper to OBJ
serve, ha, this is done solely IN cases where those
events affect our political relations with them, or
| TO show their operation on our commerce. fur-
ther than this it is neither our policy nor our right
to interfere Our best wishes on all occasions, our
good offices when requiscd will be afforded, to PRO
mote the domestic tranquility and fore On peace Of
all nations with whom We have any intercourse
Any Intervention in their affairs further hnn this,
even by the expression OF any official OPINION rs
contrary to our principles Of International policy,
| 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 iii highly prosperous state.
~ r al
cnterprlc, which has enabled the merchants to full
I'll their engagements with the government, the re
| a.. its from customs during the year, will exceed
tie esto ate presented at the last session and WIN
The other means oftbe Treasury will prove fully
adequate, not only l.. meet the increased eNic"'''
lures resulting from the larsc "r. ''P''a''o.' rau
by Congress, but TO provide for the =
the public debt which Is at pfesen. aee' ''',
| Il is now estimated that the customs III 1'N
the Treasury, during the present year. upM a'u'
twenty eight millions of dollars Inc pul''
| lands, however, have proved less productive than
was anticipated and according to present inior-
nation will fall short oft~o millions. The ex-
pendlu,es for all objects other than the public debt
are estimated to amount during the year to about
sixteen millions, while "A st larger sum, VIZ
eighteen millions Of dollars, will have been applied
| 10 the principal and lnteres, Of the public debt
| It's expected how ever, that IN consequence OF
the reduced rates Of duty which will take effect at
ter The Sd of March next there wall be consider
able falling off IN the revenue from customs IN the
wear 1888 1t will nevertheless, be amply sutii-
Gent 20 provide fot all the wants OF the public ser
vice estimated even upon liberal scale, and Tor tho
redemption and purchase OF the rcmaildeT oil the
public debt On the first of January next, the
entire public debt of the United States, funded ana
unfunded will be reduced to whna ffa.ction OF
seven millions of dollars of which " ri ,3b3 are
not fright redee,nable until the lst of January,
1884 and + + 73j 296 not until the "a ofJanuary,
1885 The commissioners of the sinking fund
however being invested with full authority to
purchase the debt at the market price, and the
means Of the Treasury being ample !, may be
hoped that the whole " Ill be oxtngushed within
the year 1888
cannot too cordially congratulate Congress and
my feow-oiiizens on the near approach OF that
memorable and happy event. the extinction OF The
public debt Of tins grea, and free nation. Faithful
to the wise and patriotic policy marked oat by the
legislation of the country for this object, the pre-
sent administration has devoted ,oit all the means
which a fiourishing commerce has supplied, and
prudent economy preserved ior the pubic 1reasu'
nv. Within the four years for which the people
have conidcd the executive power to my charge,
fifty. eight millions of dollars will have been aPpl-
ed to the payment of,hc public debt. That this
has been accomplished without stlnilng the ex-
pendtures for all other proper objects will he seen
by referring to the liberal provision made during
the same period for the support and increase OF our
means of maritime and military defence, for in
ternal improvements OF national character, for
the removal and preservation the Indians, and
lastly for the gallant veterans olthe revolution.
The final removal Of this great bufihen from our
resources affords the means OF tulther provision Tor
all the jects of general welfare and pubic defence
which the constitution authorizes, and presents the
cltc fflrthp, IN the