Du Buque visitor. [volume] (Dubuque, Lead Mines, Wisconsin Territory) 1836-1837, 1837-01-04

VIII tHC utStaiiI governments ~
Muscat and Siam. The ratification:
have been exchanged, but have no,
reached the department Of state; eopie.
of the treaties will be transmitted to
you. if received before, or published, il
arriving after, the close of the presen,
session Of Congress.
Nothing has occurred to interrupt
the good understanding that has long
EXISTED with the Barbary powers, MOI
to check the good will which is graf.
ualiy growing up in our intercourse
with the dominions of the goveramcn,
of the distinguished chief of the Otto
man empire.
Information has been received 1t the
department Of State that trcatywith
the emperor Of Morocco has jusfbeen
negotiated, which, | hope, will be re-
ceived in time to be laid before tie SEN
ate previous to the close of the session.
You will perceive, from the 'eport
Of the secretary Of the treasury, that the
financial means Of the country c,niin-
ne to keep pace with its Improvements
in all utner respects. The receipts in
tothe Treasury 1uringt!! tic crescent year,
will amount to about s47,691,s9S,
those from customs being estimated at
S22, 5o3,l5l, those from lands at a.
bout S24. COO, 900, and the residue from
miscellaneous sources. The expenli-
lures for all objects during the year,
arc estimated not to :eqceed $4,000
COO, which~will leave balance in the
Treasury for public purposes. on the
first day ofJanuary next, of about S4l,-
723.959. This sum, with the except
ion of five millions, will be transferred
TO the several States, in accordance
with the provisions Of the act regu-
lating the deposits of the public money.
The unexpended balances Of appro
priation, on the first day Of January
next. are estimated at Sl4,636,o6o,
exceeding by G9,G36,0G2, the a.
mount which will be le(tin the teposte
banks, subject to The draft Of the treas
urer Of the U. States, after the con-
.tcmp|ated transfer to the several states
are made. If, therefore. the future re-
ceipfs should not be sufficient to meet
these outstanding and future appropri-
atoms, there may be soon a necessity
to use portion Of the funds deposited
with the States.
The consequences apnrehenacd,
when the deposte act OF the last SEES
sion received arcluctant approval, have
been measurably realized. Though
an act merely for the depositc Of the
surplus moneys Of the u. States in the
state Treasures, for safe keeping, un-
til they may be wanted for the service
Of the general government, it has been
extensively spoken Of as an act TO give
the rooney to the several states, & they
have been advised to use it as a gift,
without regard to the means of refan-
ding it when called for. Such sug-
gestion has doubtless been made with
out due consideration Of the obliga-
ton Of the deposite act, and without
proper attention to the various princi-
pies and interests which are affected
bv it. 1t is manifest that the law it,
self cannot sanction such suggestion,
and that, as it now stands, the states
have no more authority to receive and
use these dcposites without intending
to return them, than any depositc bank,
Or any individual temporarily charged
with the safe-keeping or application Of
he public money, would now have for
the same to their private
Use, without the consent and against the
villofthc government. But ,independ-
entity Of the violation Of public faith
md moral obligation which are involv-
I'd in the suggestion, when examined in
reference to the terms Of the present
leposite act, it is believed that the con-
;iderations which should govern the
future legislation Of congress on this
subject, will be equally conclusive a.
yainst the adoption Of any measure re-
the principles on which the
has been made.
Considering the intimate connection
# the subject with the financial inter-
,sts of the country, and its great inn
,ortancc in whatever aspect it can be
,;ewcd. l have bestowed upon it the
most anxious reflection, and feel it to be
nyduty to state tocongresssnch thots
8 have occurred to me, to aid their de-
Iteration in treating it in the manner
'est calculated to conducc to the COM
non good.
The experience Of other nations adj
nonished us to hasten the cxtingnish-
ncnt Of the public debt. But it will
'e in vain that we have congratulated
ach other upon the disappearance OF
his evil, if we do not guard against the
qualify great one Of promoting the UNI
NECESSARY accumulation Of public re-