The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1838-12-11

lieu thereof, The mutual privileges mentioned in
tho fourth article. The capital and Tonnage ein-
ployed by citizens in their trade with the north
west coast of America, will, perhaps, on adverting
10 the official statements of the commerce and nav
igaon Of the United States for the last few years,
be- deemed too inconsiderable IN amount 10 attract
much attention. yet the subject may, in other re-
!, specs, deserve the careful consideration Of Con-
gress.
regret TO state that the blockade of the principal
ports on the eastern coast OF Mexico. which, IN
consequence Of differences between that Republic
and France, was instituted in May last, unortu-
naiey still continues, enforced by competent
French naval force. and is necessarily embarrassing
TO our own trade in tho gulf, in common with that
Of other nations Every disposition however, is
beeve ed TO exist on the part OF the French Gov
eminent, to render this measure as little onerous
ms practicable the interests Of the citizens of the
United States and 10 those of neutral commerce;
and it is 10 be hoped that an early seitlement OF
the difficulties between France and Mexico, VIII
soon reestublish the harmonious relations formerly
suSsistinn between them, and again open the ports
of that Republic to the vessels of all friendly ma
tons.
| A convention Tor marking that part of the boun-
Diary between the United States and the Republic
Of Texas, which extends from the mouth of tho
Sabine TO the Red river, was concluded and signed
at this city the 25th of April last 1t has since
been ratified by both Governments and seasonable
measures will be taken 10 carry ii into effect on the
part Of the United States
The application Of that Republic for admission
INTO this Union, made in August, 1887, and which
was declined for reasons already made known to
vou has been formally Withdrawn, as will appear
from the accompanying copy OF me no'e OF the
Minister Penipotentary Of Texas, when was pre-
scented to the Secretary of State on the occasion OF
the exchange of the ratification of the convention
above mentioned.
Copies of the convention with Texas, of a COM
mercial treaty concluded with the King OF Greece,
and similar treaty with the Peru Bolivian Con-
federation, the ratifcations of which have been re-
Gently exchanged, accompany tins message ior the
information of Congress, and for such legislative
ha lonnI
! in relation to either of them.
TO watch over and foster the interests of grad
uay increasing and widely extended commences
| 10 guard The rights of American citzehS, "hom
| business or pleasure, other motives may tempt
into distant cimes, and at the same time to cultivate
those sentiments Of mutual respect ana Sood win
w hch expei fence has proved so benetclal IN inter
national intercourse the Government OF The Z. ..
deemed it expedient from time to ume TO establish
Diplomatic connections with different foreign states
| by the appointment of representatives 10 RESIDE
within their respective territories | am grauhed
to be enabled to announce TO you since the close
Of your last session, these relations have been
opened under the happlest auspices with Austria
and the Two Sicss; that new nominations have
been made in the respective missions oil RUSSIA,
Brazil, Belgium, aud Sweden, and Norway, IN ih's
country: and that Minister Extraordinary has
been received, accredited to this Government from
| the Argentine Considerations
An exposition of the fiscal affairs Of the Govern
ment and Of their condition tor the past year. Will
| he mads TO Won BY the Secretary of the Treasury.
| The available balance in the Treasury, on the
LIST of January next, is estimated at S2,7Oo, 342-
The receipts of the yeur, from customs and lands
will propably amount TO 500 6l5,5 1913. These usual
sources Of revenue have been increased by an issue
of Treasury notes; Of which less than eight millions
of dollars. including interest and principal, VIII be
outstanding at the end of the year, aud by the sale
! of the bonds of the Bank of the United States, for
| 50, 1854 ST.. The aggregate of means from these
and other sources, with tho balance on hand on the
LIST OF January last has been applied to The pay
mbnt of appropriations by Congress Inc Who'e
| fart ltn
the redemption of more than eight millions OF
Treasury notes, constitutes an aggregate OF about
$40 600 G0O and will sun leave IN the treasury
! the balance before stated.
Nearly So, 900 Of Treasury notes nre to be
paid during tho coming year, in addition TO the
ordinary appropriations for the support OF Govern
ment For both these purposes, the resources OF
the Treasury will undoubtedly be sufficient, If the
charges upon it not increased beyond the annu
al estimates. No excess, however,is likely to exist
nor the postponed insalment OF the surplus
rev enue be deposited with the atcs, nor any con-
siderable appropriations beyond the estimates be
made, without causinga deficiency in the Treasury
Thu great caution advisable at all times, OF limiting
appropriations to the wants OF the pubic servlce,s
rendered necessary at present by the prospective
and rapid reduction of the tariff while the vigllant
oalously, evidently excited among the people by
occurrences Of the last few years, assures us that
they expect from their representatives., and viii
! sustain them in the exercise OF the most rlgld
economy. Much can be effected by Posponlns
appropriations not Immediately required for the
aency: and much by reducing the expenditures
where the entire and immediate accomplishment
of the objects in view is not Indispensable
When we call to mind the recent and extreme
endorsements produced by excessive issues OF
bank paper, aggravated by the unforeseen withdraw
al of much foreign capital, and the inevitable de
rangement 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 account OF the unusu
ally large appropriations made at the last two
annual sessions of Congress, for other objects; we
have striking evidence, the present efficient state
of our finances, of the abundant resources of the
country TO fulfil all its obligations. Nor is it less
gratifying to find that tho general business OF the
community, deeply affected as it has been, is revlv
ing with additional vigour, chastened by the lessons
the past and animated by the hopes OF the future
BY the cultalment of paper issues; by cu bling the
sangune and adventurous spirit OF speculation:
and by the honorable application of all available
means to the fufment of obligations, confidence
. has been restored both at home and abroad, and