The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-12-21

have been opened under the happiest aus.
plces with Austria aud the Two Siciles;
that new nominations have been made IN
the respective missions OF Russia, Brazil,
Belgium, and Sweden and Norway, IN this
country ; and that Minister Extraordinary
has been received. accredited TO this Gov.
eminent, from the Argentine Consideration.
An exposition Of the fiscal affairs Of the
Government, aud of their condition for the
pas. year, will be made to you by the Sec
rotary Of the Treasury.
The available balance in the Treasury,
on the lst Of January next, is estimated a,
S2,165 ,312. The receipts Of the wear.
from customs and lands, will probably
amour, to S20,Gl5 59s. These usual sour
crs OF revenue have been increased by an
Issue OF Treasury notes-ot which less than
eight millions Of dollars, including interest
and principal, viii be outstanding at The
end ct the year-and by the sale of one Of
the bonds Of the Bank of the United States,
for S2,254,s7l. The aggreg4tssof means
from these and other sources, with the bal.
ance on hand on the LIST of January last,
has been applied TO iae payment of appro-
prlatlons by Congress The hole eXpen-
dl,ure for the year on their account, includ.
ing the redemption Of more than elgh, mil.
lions OF Treasury. notes, constitutes an ag-
gregate Of about forty mTfTIons Of dollars,
and viii still leave in the Treasury the bal.
ance before stated.
Nearly eight millions of dollars Of Tree.
sufy notes are To be paid during the com.
ing year, in addition 10 the ordinary appro,
pralions tor the support OF Government.
For both these purposes, the resources of
the Treasury will undoubtedly be sufficient,
If The charges upon it are no, increased be.
yond the annual estimates. No exces.,
however, is likely 10 exist nor can tie
postponed lnstalment of the surplus revenue
be deposited with the States, nor any con-
siderable appropriations beyond the esti-
mates be made, without causing a deficiency
in the Treasury. The great caution, ad.
yIsabe at all times, of limiting approprla-
tons TO the wants of the public service, is
rendered necessary at present by the pro-
spectye and rapid reduction Of the tarlff;
While the yigilant jealousy. evidently excl
ted among the people by the occurrences
OF the last few years, assures US that they
expect from their representatives., and will
sustain them 10 the exercise Of, the most
Rigid economy. Much can be effected by
posiponing appropriations not immediately
required for the ordinary public service. or
for any pressing emergency; and much by
reducing the expenditures where the entire
aud immediate accomplishment of the OBJ
jects IN view Is not indispensable.
When we call to mud the recent and ex.
treme embarrassments produced by exces.
sIve issues OF back paper, aggravated by
the Unforeseen withdrawal OF much foreign
capital, and The inevitable arrangement
arising from the distribution Of the surplus
revenue among the States as required by
Congress; aud consider the heavy expenses
incurred bv the removal oithe Indian tribes,
bv the military operations II Florida and
on account Of the unusually large appropila-
lions made al 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 resour.
ces of the country to fulfil all lis obligations.
Nor is it less gratifying 10 find that the
general business of the community, deeply
affected as it has been, Is revlvmg with adj
ditloaal vIgor, chastened by the lessons Of
the past, and animated by the hopes of the
future. By the curtaltment OF paper issues;
by curblng the sanguIne and adventurous
spirit of speculation and by the honorable
application of all available means TO the full
timent of obligations, confidence has been
restored both at home and abroad, and ease
aud facility secured to all operations ottrade.
The agency of the Government 10 pro.
during these results has been as efficient as
lis powers and meaus permitted. BY with.
holding from the States the deposte of the
fourth instament, and leaving several mill
lions al long credits with the banks, prIncl.
palIy IN one section of the country, and
more immediately beneficial 10 1t 4; and, at
the same time, aiding the banks aud CON-
mercial communities in other sections. by
postponsng the payment of bonds for duties
to the amount of between four and five mil
lions of dollars; BY an issue OF Treasury
notes as a means to enable the Government
to meet the consequences of their indulgen-
ces, but atfording, at the same time, taclli.
ties for remittance and exchange and by
steadily declining TO employ as general de-
positorIes of the public revenues, or receive
The notes of all banks which refused to re.
deem them with specie by these measures,
aided by the favorable action of some of the
banks, and by the support aud CO operation
of large portion Of the community, We
have witnessed an early resumption OF spe-
Gle payments IN our great commercial cap.