Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1840-12-23

I entered into an agreement to indemnif
/ the claimants IN the case ofth Maeedo
mas Tor American property seized il
1913; and 10 add, that information has ais
ben received which jastifes the hope c
an earlier adjustment Of the remaining
Claims upon that Government
Inc commissioners appointed in pusnanc
CT the convention between the Uaitet
States aud Texas, for marking the bound
airy between them, have according to tht
last report received from our. commission
or. surveyed and established the whole ex
tent OF the boundary north along.the west
ern bank Of the Sabine river, from It's en-.
trance into the Gulf Of Mexico TO the
thirty second degree Of north latitude
The commission adjourned on the l6 b oil
June last to re-assemb,e on the LIST of No
vember, for the purpose Of establishing
accurately the intersection of the thirty
second degree Of latitude with the western
bank Of the Sabine, and the meridian line
thence to Red river. Il is presumed that
the work will be concluded in the present
season
The present sound condition o. their e.
nances and the success with which embar-
easements in regard to hem at dimes ap-
parentiV insurmounta bic, have been over
come, are matters upon wnich the people
AMI government Of the United States may
we'll congratulate themselves. An over
flowing treasury, however it NAV be re-
oarded as an evidence of public prosperity
is seldom conducive to permanent welfare
OF any people; and experience has dem
onstrated its ncompqt;bilily with the sal .
utary action Of political institutions like
those of the United States. Our safest
reliance for financial efficiency and indie
pendenee has on the contrary been found
TO consist in ample resources unenc0m-
bered With debt; and, in this respect the
Federal Government occupies a singular
~ fortunate and en7iable position.
when entered upon the discharge of
nv official duties in March, 1887, the act
for The distribution ofthe surplus revenue
was in a course Of rapid execu,ion.-
Nearly twenty-eight millions of dollars OF
the public moneys were, in pursuance OF
its provisions, deposited with the States in
that year In May there occurred gen,
eraI suspension Of specie payments by the
banks, including, with very few except
ions, those in which 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 the excuses lin
b1nking aud commerce out Of which it
arose, aud which were greatly aggravat
ed by its occurrence made, to great eX.
tent unavailable the principle part of the
public money then on hand; suspended
the collection Of many millions accruing
to merchants bonds; and greatly reduc-
ed the revenue arising from customs and
! the public Ial.ds These effects have con
tinued to operate, in various degrees, tc
The present period and. in addition to the
| decrease of the revenue thus produced
| two and half millions of dollars havt
been rtlinqnished by two biennial reduc
lions under the act of 1888, and probably
! as much more upon the importation Of
iron for railroads, by special Legislation.
Whilst such has been our condition fo
1.-THE last four years n relation to revenue
we have, during the same period, beer
subjected to an unavoidable continuance {
large extraordinary expenses necessar!
fgrowihg out of past Transactions, an
! which could not b. Immediately arreste
without great prejudice 10 the public II
tercst. OF these the charge upon Treas
4 ury, in consequence Of the Cherokee
! treaty alone, without advertng TO other
/ arising ont of Indian treaties, has alread
exceeded five millions of dollars; that fc
: The prosecution Of measures for the r,
movai of the Seminole Indians. whic
were found ia progress, has been near4
i fourteen millions and the public bull
: ings have rtqoired the unusual sum
, nearly three millions.
! Il affords re, however, great p'easur
to be able to say, thai. from the commenc
ment Of this period to the present da,
every dem1nd upon the Government,
!, home or abroad. has been promptly ms
: This has bgen doue, MT only wtho
: creating a permanent deb. or a resort
!. additional taxation il any form, but ia Il
= midst Of 4 steadily progressive reductit
!, of existing burdens upon the Peopi
: leaving still considerable balance
: available funds which will remain in &
: Treasury at the end of the year. r
i small amount of Treasury notes, not {
!. ceeding four and half million Of dolla
: still outstanding, and less by twenty-thr
!. millions than the United States have
deposit with the States, Is composed
such only as are not vet due, or have /
:, been presented for payment. They m
!, be redeemed ont of the accruing revent
- if The expenditures do not exceed