Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-07


peace is so much calculated to foster and encourage
IN community composed as ours generally 10, OF
thrifty agricultarists and industrious mechanics -
Another reason is, the effect which the renewal Of
the war will have upon the negotiation OF loan
abroaf. and upon the success Of which, mwch "i our
immediate prosperity depends. We are Ia debt,
and must rsnaiu SO, until the resources o: the
country more fully developed, aad so long
a. we have to depend for our daily n,oned
operations, upon the promises Of the government 10
pay at a future day, no matter in what form they
Iaay be issued, those issues must and al depre-
ciate. The reason for their doing SO, Is obs ious-
They supply the place Of a circulating medium, aud
such, pass into the hands oftraders OF all descrp-
tions, who are compelled 10 put them OFF again at
any sacrifice, however high their confidence may be
IN their ultimate redemption, as their business will
not permit them to lock up their means IN paper,
which cannot at any moment be converted into
such funds as the general laws of commerce and
trade require. This depreciation Of paper, not
founded upon an actual specie basis, or its equi-
valent, is invitab,e, and to the extent OF the
depreciation, is the loss of the government that
Is compelled to resort TO such issues-it is there
lore, OF the utmost importance to our hnanc ial
pros rerty, that should effect loan, as it proba
bly, 10 at present the only means which can be re-
sorted Ia, for keeping our currency At par and of
preventing these losses; and any operation OF the
government which will have a tendency to lessen
the prospect OF accomplishing this object, unless
unavoidably freed upon it, should be well weighed
and consitv red before il is resolved upon That a
renewal 81 the war will have this effect upon the
gotatons for the loan is the decided opinion of the
commissioners employe ed in that negotiation, as will
be seen fron the letters of General Hamilton which
also accompany the Report Of the Secretary of State
The running and marking Of the boundary between
the United States and this Country, has not yet been
completed. The commissioners Of both Govern
ments were compelled to suspend their operations
In the early part Of the summer, in consequence Of
the entire exhaustion OF the appropriations which
had been made for that purpose Previous to their
ding SO, however they had traced the line from the
entrance ofthe Sabine ,hs Gulf TO the point where
is intersected by the 32i Of North latitude
and althor gh that point not absolutely and un-
conditionay established by them its position, was
peverhclcss, ascertained with sufficient certainty
to leave no doubt that considerable tract Of coun-
try, heretofore be eved to he in the United States
belonged to Texas. The Causes of the delays which
prevented the completion ofths work, and ccasion-
ed the exhaustion of the appropriations, appear in
the Report of the Commissioner to the Department
OF State, aud the correspondence which acconipa-
MES that report, all CT which will be submitted to
your consideration. IL will be observed that the
Commission adjourned to meet again on the LIST of
November and the early attention Of Congress is re-
specify invited to the subject, as II will be mpract-
cable te renew or progress with the work. until some
further appropriations made for carrying it on.
The Act of the last session Of Congress- providing
for laying up in ordinary, the principal portion Of
the Naval forces Of the country has not been carried
into effect Before the necessary preparations could
be made for doing so, circumstances transpiret
which, in the opinion Of the executive, involved
potentially, the contingency contemplated in the
the withdrawal Of our gallant Gag from the Gulf
1t confidently asserted in the papers Of the Unit
ed States, and confidently believed here, that the
Mexican Governmenth had made contract in Europe
for the purchase of several vessels ofwar and that
she mad actually procured an armed steamship from
q commercial house in England, with the view of
making descent upon the coast Of Texas, and Of
cutting Cd our commerce with foreign nations; and
during the prevalence Of that impression. the Exc
cutive would have been violating the evident inten-
ton and \pirit of the Act of Congress- instead Of
carrying into esect, had he caused the seamen al
ready in service to be disbanded and the vessels to
be laid up in ordinary. Other events so occurred
about the same time, and Gems pired with these con-
sidcrations to dissuade me from dismantns Navy,
which had been equipped At great expense, and
which wss manned and oicered in style Of xsilan-
try and efficiency inferior to other Of similar
magnitude. Yucatsn and Tobasco lately forming a
part OF the Confederats States of Mexico, wearied
Of the expressions that followed the overthrow Of
the Federal system in that Republic, seeded from
the Central Government, and uniting together, pro-
nounced their determination to be free. Similarly
Of circumstances and des naturally creates SYM
pathy Of feeling and would prompt this government
to regard with peculiar interest the efforts Of the CT
tzens OF the southern provinces to do precisely
what we had so recently accomplished. But consi'
derations Of higher character suggested the pro-
priety Of max ing demonstration OF our naval pow
er the coast Of the Republic. 1t was expect
ed to ascertain from the authorities established
there, in what relation this government should re-
gard them, and whether their accession from Mexico
would terminate their bellgerant condition toward
Texas The southern and new seeded provinces
have been the most maritime of the Mexican States
The nature OF their productions, and the charaer OF
their wants, will render an amicabe intercourse be.
tween Texas and the people Of the new government.
Of mutual benefit, and so soon as their separate and
independent existence shall be adequately manifest
ed il will be our obvious policy to begin and che
rish such intercourse. As Preparative 70 this al
innate state OF things II was considered advisable ia
communicate TO the authorities our friendly dsposi
tions, and to convey them with such pslpabls ex
hibiton OF our power I" would readsr them snca
cious and permanent ana ! am grained 10 remark
that these profe ss3ns were readily ana k'naiy re-
ccived, and cordially rseiFrocahd py the new go
vernment.
Under these various circumstances, i have consid-
cred il my duty to keep the navy at for short
period. But was constrained by sense OF justice
aud regard TO the sacred faith of the country, TO
abstain from making captures Of Mexican property,