Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-12-06

Vcn IeSen"y etchanScu, accompany THIS M.
sage foe the Information Of .CongrcSs and e
such legislative cnactrnents m may be found N.
ccSsary or exPedicui, in relation 10 either
them.
To watch over and foster the interests Of
gradually increasing and widely extended cou
mcrce TO guard the rights Of American citizen,
whom business, or pleasure, OF other mo,iy,
may tempt iato distant Chimes, aud nj the sam
tune cultivate those sentiments % fputus
respect and good will which experience ha
proved SO beneficial IN international inierrourS.
the Government OF the United States has deem,
!, cx.,dient. from time to time, 10 establish d,
ploma,ic connexions ulih different forcis-nSiaic.
~ the appointment of Representatives 10 TcSid
within their respective territories. am gra,ifr,
10 he enabled TO announce 20 you that. since ih
close OF your last session, these relations hay
been opened under the happicsi auspices witt
Austria and the Two Scies; that new nornina
lions have been made IN the respective mission
of Russia. Brazil, Belgium, and Sweden an,
Norway, IN this country; and that 4 Min.Sic
Extraordinary has been rccrsycd, accredited Z,
this Government from the Argentine Conlejcfa
ton.
An exposition OF the fiscal affairs of the Go
vcrnmcni, and of their condition for the. mas
year. will he made 10 you BY the Secretary OF
the Treasury.
The available balance in the Treasury. on the
let OF January next, n estimated 1t 81, 765. 3t2
The receipts Of the year. from customs and lands
viii probably amount Ia ssO,6lJJ9S. Ihe>e
usual sources OF revenue have been Increased bY
an issue Of Treasury no,cS-of which less than
eight millions Of dollars, including interest and
principal, will be outstanding al the end OF the
ycar-and BY the sale OF one oi' the bonds of IN,
Bank Of the United States, for - 35i.5 r..
aggregate Of means from these and other sources,
with the balance on hand on the Isl OF January
last, has been applied 10 the rayacnt of apVru-
pnationS by Congress. The whole cxpcndi,nr.
FOR the year on their account. including the re-
iemPiion of more than eight millions of TrcaSu-
~ notes, constitutes mn aggregate of about forty
millions OF dollars, and will still leave IN he
Treasury the balance before stated.
Nearly eight millions OF dollars of Treasury
notes arc To nc paid during the coming year IA
addition ,o the ordinary appropriations for The
support Of Government For both these pur-
poses, the resources Of the Treasury will un-
douh;cdly be sufficient, if the charles upon II
aic not increased beyond the annual estimates.
No excess, however, Is likely tn exist nor can
the postponed inStalmcnt of the surplus revenue
be deposited with the States, nor any cnnS:,i-ra-
BILE appropriations beyond the estimates b.. made
without causing deficiency in the TrelSurv.-
The great caution, advisable at all times, of IT,
hitting appropriations Ia the wants Of the public
service, Is rendered necessary at present bv the
pr s1,ective and rapid reduction Of the tariff
while the vigiiant jealousy, evidently excited
among the people by tho occurrences Of the last
few years, assures us that they expect from their
representatives, and will sustain them IN the cx-
crciSc of, the most rigid economy. Much can
be effected by pcstponing appropriations not i'm
mcdiatcly required for the ordinary public ser
vice. or for any pressing emergency; and much
by reducing the expenditures where the raisrc
and immediate accomplishment OF the objects IN
view Is not Indispensable.
When We call ~ mind the rec mt and extreme
cmbarrcssments produced 10y excessive issues of
drawai of much foreign capital, and the incv.ia-
bic arrangement arising from the distribution OF
the surplus revenue among The States a Tcquir-
ell by Congress; and consider the heavy exrcn >cs
incurred by the removal Of Indian tribes by the
military operations IN Florida; and ON account
ot the unusually large appropriations made nj
the last two annual sessions OF Congress for
other objects, we have striking evidence IN the
present efficient state Of our finances. of the
abundant ourccs Of the cnun'rv fuifii all rs
Obligations. Nor Is II less gratifying Ia find that
the general business OF the community, deeply
affected Il has been, IS rcviving with additional
vi:or,chastcncd 10y the lessons of the past and
animated by the hopes of the future. By the
curtaiment of paper ISSUES F.; by curling The san
guIne and adventurous spirit OF speculation and
10y the honorable application of all available
means 10 the fulhlmcnt OF obligations, confidence
has been restored both at home and abroad. and
case and facility secured 10 all tho operations Of
trade.
The agency of the Government in producing
these results has been as efficient - il powers
and means permitted. Is withholding from the
States the depnSi;r OF the fourth ns;alinca,, and
leaving several millions AT long credits with tie
banks PRINCIPALLY IN one section Of the couniry
and moro immediately beneficial 70 II and. al
the same time aiding the banks and commercial
communities IN other sections. by posipdninS the
payment of bonds for duties TO the amount of be-
Cpur and nvp nj II dollar. bts al,
issue Of Treasury notes rs a means Ia enable the
Government 10 meet the on>cIucuccs oi thclr
indulecnccs; but afIording. IT the eignc time
facilities for remittance aud exchange and by
steadily declining To employ a. general depo, TO-
TieS Of the public revenues, or receive the notes
Of all banks which refused o. redeem them yg.ih
specie by thee measures aided b. the favora-
bic action of some OF the banks, and 10y tine sup
port AMI cooperation of a large portion ot the
community, we have witnessed IN early rcsump-
ton OF specie payments IN our great commercial
capital. promptly followed in almost every part
Of the Un;rd s;.aies. THIS result has been "a Sc
Saluiary 10 the true interests of agriculture. COM
Incrcc. and manufactures. TO public morals, re-
spect Tor the laws, and thai confidence be,wcen
man and man which Is 50 essential IN all our So
cal relations.
The contrast between tlic suspension VI 1914
nnd that of 1897 Is most striking. The shori
duration 81 the latter, the prompt restoration 81
buhinfs', Inc esilrnt bcncui- resulting from
IN adherence ity the Government e. the constr
iutionll standard of value. instead 81 sanction
i1g the suspension by ihc receipt o. iu-d-e'1-
asc paper: and the advantages derived from iar
large amount Of spcci. introduced lnio the coun-
~ prev Gus to 1897. afiur4-a valuable iius-
ration Of the true policy of TIE Government 100
such n CRISIS nor can The comparison flii to re-
move tho impression that national bank IS nc
cesar slch emergencies. Not only wore
spcci- payments resumed without iis aid. bur
EXCHANGES have also been more rapidly restored
Than when Il existed: thereby showing that pf.-
rate capital, enterprise. and prudence. are fii f,
adequate 20 thcsc ends. On an these points cr-
pcnencc seems 80 have conGrmcd ihe virw
heretofore submitted to Congrcq. W. have
been saved The moTthsa'on ot seeing no "
iresscs of the community for the tnlfd rm-
Scisrd on ~ fastcn upon the country 50 DAGGER
Gus an institution ani We may also hopr iha'
ihs business of individuals val hereafter IT, ~
lIcycd from the injurious effects 81 conunucl
agitation ~ that Disturbing sub Get. The Iim.ird