Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1838-12-14

tue Oulted states.
4 The application OF that republic for ad.
omission into the Union, made in August.
1887, and which was declined for reasons
ALREADY made known TO you, has been for
Iiaally Withdrawn. as will appear from The
accompanying copy OF the note of the min
lister Plenipoteniiary Of Texas, which
was presented TO the Secretary OF State on
the occasion Of the exchange Of the ratfica-
tons of,he convention above mentioned.
Copies Of the convention with Texas, of a
commercial treaty concluded with the King
OF Greece, and Of a similar treaty with the
Peru Bolivian Confederation, the ratitica-
tons OF which have been recently exchany-
ed, accompany this message for the informa.
ton OF Congress, and for such Legislative en-
actments as may be found necessary or ex-
pedieni, in relation 10 either OF them
10 watch over and foster the interests of
gradually increasing and widely extended
commerce. to guard the rights of American
citizens whom business or pleasure, or other
motives, may tempt into distant chimes. and
at the same time 10 cultivate those sentiments
Of mutual respect ind good will which ex-
perience has proved so beneficial in iuterna.
,ional intercourse. the government Of the
United States has deemed il rxpedieni from
time TO time 10 establish diplomatic connex.
ions with different foreign States. by the ap-
pointment OF representatives 10 reside within
their respective territories. | am pratified
40 be enabled 10 announce to you that since
the close Of your las, session, these relations
have been opened under the happiest auspi.
ces with Austria and the Two Sicilies that
new nominations have been made in the re-
lspective missions OF Russia, Brazil. Belgium
and Sweden and Norway. in this country :;
and that Minister Extraordinary has been
received accredited 10 this government from
tue Argentine Confederation
An exposition Of the fiscal affairs Of The
government. and OF their condition for the
past year will be made 10 you by The Secre-
tary OF the Treasury.
The available balance in the Treasury.
on the LIST Of January next, is estimated a.
S2.765.3i2. The receipts ofthe wear, from,
customs and lands. will probably amount 10
S206I5.59s. These usual sources of rev.
enue have been increased by an issue of
Treasury notes; OF which less than eight
millions of dollars, including interest and
principal, will be outstanding at the end OF
the year, and by the sale Of one OF the bonds
Of the Bank OF the United States, for g.
254.e7i The aggregate OF means from
these and other sources, with the balance on
hand on the LIST OF January last, has been
appficd to the payment Of appropriations by
Congress. The whole expenditure OF the
year on their account. including the redemp-
ton OF more than eight millions of Treasury
notes, constituting an aggregate of about for
" millions Of dollars. and will still leave in
The Treasury the balance before stated
Nearly eight millions Of dollars Of Urea.
sury notes are TO be paid during the coming
year. IN addition to the ordinary appropria-
tons for the support Of the Government
For both these purposes. the resources Of the
Treasury will undoubtedly be sufficient If
The charges upon il are not increased beyond
The annual estimates. No excess, however
is likely TO exist; nor can the postponed in
sta lmen,s OF the surplus revenue be deposited
with the States. nor any considerable appro-
priations beyond the estimates be made,
without causing deficiency in the Treasu-
~ The great caution, advisable at ali
times, Of limiting appropriations TO the wants
OF the public service, is rendered necessary
al present by the prospective and rapid re.
duction Of the tariff; while the vigilant jeal-
ousy. evidently excited among the people by
the occurrences ofthe last few years, assures
us that they expect from their representa-
lives. and will sustain them in the exercise
OF, the most rigid economy Much can be
effected by the posiponing appropriations
not Immediately required for the ordinary
public service. or for any pressing emergen-
cy; and much by reducing the expenditures
where the entire aud immediate accomplish
ment OF the objects in view is not indispen-
sable.
When we call TO mind the recent and ex-
IRENE embarrassmenis produced by exces.
sive issues OF bank paper, aggravated by the
unforeseen withdrawal ofmuch foreign can
tal. and the inevitable arrangement arising
from the distribution OF the surplus revenue
among the States as required by Congress
and consider the heavy expenses incurred
by the removal OF Indian tribes; by the
military operations in Florida and on ac-
count ofthe unusually large appropriations
made at the last two annual sessions OF Con-
gress for other objects we have striking
evidence, III the present efficient state of our
6nancies, OF the abundant resources of The
couniryto fulfil all its obligations Nor is
it less gratifying 10 find that the general bust
ness OF the community, deeply affected as il
has been,is reviving with additional vgor
chasiened by the lessons Of the past, and an
mated BY the hopes Of the future. BY the
curlailment OF paper issues; by curbing the
sangulne and adventurous split OF specnla-
ton; and by The honorable application of all
available means to the fulfiment of obliga-
tions, confidence has been restored both at