Litchfield enquirer., 1840-12-17

of their intercourse with t0roln Powerr and is hOp. ed they will tend to foster and strengthen the com. niercial intercourse Of the two countries
 Under the appropriation of the ss' session ot Con gTess agent has been sent to Germany tor the pur- pose of promoting the interests of the to6accotFade
 The commissioners appointed under the convention tor the adjustment of claims of citizens ot the United States upon Mexico having met and oTganized ct Washington in August last the papers n the possess sion of the government, relating to those claims, were communicated to the board. The claims not embra- eton between the two Governments, through the me- dlum otour Minister at Mexico
 Nothing has occurred to disturb the harmony of our relations with the different goyernments ot south America. IreQret, however, to he obliged to nt0rm you that the claims of citizens upon the late ke' public of Colombia have not yet been satshed by the separate governments into which 1t has been resolved
 The charge dafairs of Brazil having expressed the intention of his government to prolong the treaty ot lS2S, N will cease to be obligatory upon eltner party on the l2h day of December, lS4l, when the Sxten; slve commercial intercourse between the Onned States and that vast empire will no longer be regua ted by express stipnlatUns
 It affords me pleasure 10 communicate to you that the government of Chili has entered into an agree ment to indemnify the claimants m the case ot the
 Macedonian for American property seized in lSl9- and to add, that information has also been received
 which ustes the hope of an early adjustment of the remaining claims upon that government
 The commissioners appointed m pursuance of the convention between the United States and Texas tor marking the boundary between them, have, according
 to the las; report received from our commssloner sF-
 veyed and established the whole extent 0i the b0nn- dary north along the western bank ot the Sabine nveF,
 from it's entrance into the Gulf of Mexico to the thr- fy-second degree of north latitude. The commission adjourned the 18th of June las to reassemble on
 the lst of November, fr the purpose of establishing accurately the intersection Of the thrty-second de- gree of latitude with the western bank of the Sabine, and the meridian line thence to Red rver It IS pre- thntt ho cnnclnAod inc season.
 The present sound condition of the finances, and the success with which endorsements m regard to them at times apparently insurmounta6le, have been overcome, are matters upon which the People and government of the United States may well congratu' late themselves. An overAowing Treasury. however may be regarded as evidence of public prosper. ty, is seldom conducive to the permanent welfare of any people; and experience has demonstrated it's m. compatibility with the saniary action of political n sttutons like those of the United States Our safest reliance for financial efficiency and independence has, on the contrary, been found tO consist in ample resources unencumbered with debt and, in this res. pect, the Federal Government occupies singuary fortunate and truly enviabe position.
 When entered upon the discharge of my official duties in March, 1887, the net for the distribution Ot the surplus revenue was in course ot rapid execu- tion; Nearly twenty.eight millions oi dollars oi the public moneys were, in pursuance of its provisions deposited with the states in the months "i Jannary April. and July, of that year. In May there occurred general suspensions Of specie payments by the banks
 
 the public moneys were deposited, and upon whose fidelity the government had unfortunately made itself dependent for the revenues which had been collected from the people, and were indispensable to the public service. This suspension. and excesses in bnnkine and commerce out of which t arose. and which were greatly aggravated hy its occurrence, made, to great extent, unavailable the principal part of the public money then on hand suspended the collection ot many millions accruing on our merchants bonds and greatly reduced the revenue arising from cus' toms and public lands Those effects have continu. nA enn Nhn and in addition to the decrease in the revenue thus produced, two and half millions of duties have been relinquished by two biennial reductions under the act ta,ion of iron for railroads by special Legislation.
 Whilst such has been our condition for the last four years m relation 10 revenue. we have, during the same period, been subjected to m unavoidable continuance of large extraordinary expenses necessarily growing out of past tansn cons and which could not be in-
 elatey arrested without great prejudice to the pub Ic interest. Of these the charge upon the Treasury m consequence of the Cherokee treaty alone, without adverting to others arising ont of Indian treaties has already exceeded five millions of dollars; that for the prosecution of measures for the removal of the Semi been nearly fourteen % millions; and ihe public build. '" ns'' required tho unusual ''" '' "ta' 'e' say, that from the connieet ra4TfBFf fa hffsPhdd tG the present day, every demand upon the government, at home or abroad, has been promptly met. This has been done, not only without creating n permanent debt, or resort to additional taxntion in any form. but in the midst of steadily progressive reduction of existing burdens upon the People, leaving still con siderable balance of available funds which will re. main in the Treasury at the end of the yenr. 'rhe small amount of Treasury notes, not exceeding four and hafmillion of dollars, still o1stan3ne, and less by twenty-three millions than the United States have n deposit with the states, is composed of such only IS are not yet due, or have not been presented for payment. They may be redeemed ont of 'he accrn- amount within which they may, it is thought, he kep, without prejudice to the public interest and the anue shall prove to be as large as may justly bc anti cipated.
 Among the reflections arising from ,le con,etppa. ton of these crcumsa res, one, not the least graiy ing is the consciousness that the government had the gency, to the sacred obligations of law; to execute al it's contracts according to the requirements of the Constitution; and thus to prevent, when most need. sd 'y which 'hs business of the unvnrying standard-a result vi;nly important as we'll to the interests as o the morals oi the people, There surely be no difference opinion in ragnrd to the incnlcuahe evilsahat would have arisen if he government, at that critical moment, has suffered it. self to be deferred from pholdns the only .,an ard u value. either by r pressure of adverse crcnn stances, or the violence of unmerted dennncaon. The manner hi witch ne people sustained the per. formance of this duty vol i9hly honorable to their for titude and patriotism. It cannot fail 10 stimulate their agents to adhere, under n circrmstonces: to Ss S a e h financial crisis, may, tn community like ours, be pursued. however apparently severe its immediate operation.
 The policy of the FederalGovernmcnt in extin- gushing rapidly possihethe national debt, and subsequently, in resisting ever temptation to create new one, deserves to he regarded in the same avora- ble light. Amnng the manypbieciions 10 a m onal debt the certain tendency ofpublic securities to con. ceniraie ultimately in the cofrs 0i foreign stockhold. CTS is one which is every da gathering strength AL ready have the resources of many o the states and the future indusry,of thef czens been indefinitely Mor,gaged to the subjects ot European Governments
 10 the amount of twelve milEGls annually, to pay the constantly accruing interest in borrowed money--a exceeding half, the ordinay revenues of the whole