Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-01-02
PRESIDENTS MESSAGE

flou fftiiltta iui tilt eAchuil5t Oh fdilHtdti4ht
having expired. deemed it expedienf,I IL
consequence of The death of the Ehafre
ld'Affaires, 10 send special agent 10 Contra
Amerca, to close the affairs Of our mission
there, and to arrange with the Government
an extension ofthc time for the exchange Of
ratifications.
l'Ids commission created by the States
which formerly composed the Republic Of
Columbia, for adjusting the claims against
that Government, has, by avery unexpected
construction of the treaty under which il
acts, decided that no provision was made fol
those ciaiiRs ut citizens Of the Unitel = Is
which arose from captures by
priyatcers, and were adjudged agaifs sle
claimants in tho judicial tribunals.
| This decision will compel the U. State to
apply 10 the several governments formerly
united for redress With all these, New
Grenada, Venezuela, and Ecuador, a perfect
| ly good understanding exists. Our treaty
with Venezuela is faithfully carried into ex-
ecution, and that country, in the enjoyment
of tranquility, is gradually advancing in
| prosperity under the guidance of its present
distinguished President, General Paez. With
Ecuador, u liberal commercial convention
has lately been concluded, which will be
transmitted 10 the Senate at an early day.
| With the great American empire of Bra.
iii, our relations continue unchanged, as
does our friendly Intercourse with the other
governments Of South America, the Argen.
tine Republic, and the Republics of Uruguay,
Chill, Peru, aud Bolivia. The dissolution
Of the Peru-Bolivian Confederation may oc,
casion some temporary Inconvenience to our
citizens in that quarter, but The obligations
on the new governments which have arisen
out Of that Confederation to observe its trea-
ty stipulations, will no doubt be soon under.
stood, and it is presumed no indisposition
will exist to fulfil those which il contracted
with the, United States.
| The financial operations of The Govern
ment during the present year have, am
happy to say, been very successful. The
difficulties under which tho Treasury De-
parlment has laboured from known defects
in the existing laws relative to the safe
keeping of the public moneys, aggravated
by The suspension Of specie payments by
several of tho banks holding public depos-
ties, or indebted to public officers for notes
received in payment Of public dues, have
been surmounted to very gratifying extent
The large current expenditures have been
punctually met, and tho faith of the Coy
eminent in all its pecuniary concerns has
been scrupulously maintained.
Tho nineteen millions of Treasury notes
authorized by the act Of Congress of 1887,
land the notifications thereof, with ayicw
|ste The indulgence of merchants on their du-
|ity bonds, and of the deposite banks in the
fragment of public moneys held by them,
|gaaye Sheen SO punctually redeemed as TO
leave less than the original ten millions out
standing at any one time, and the whole
amount unredeened now falls short of three
l3millions .sa@
OF these the chief portion is not due till
next year, and The whole would have been
already extinguislled could the Treasury have
realized the payments due TO it from the
banks. If those due from them during the
next year shall be punctially made, and il
Congress shall keep the appropriations within
the estimates, there is every reason to Believe
that all the outstanding Treasusy notes can
be redeemed, and the ordinary expenses de-
frayed, without imposing on The people any
additional burden, either of louns or increased
taxes. 70 -
To avoid this, and 10 keep the expenditures
within reasonable bounds, is duty, second
only in Importance to the preservation Of our
national character, and the protection of our
citizens in their civil and political rights
The creation, in time Of peace, Of debt
hseiy 10 become permanent, IS an evil for
when trere is no equivalent. The rapidly
wan whlch many Oh the states are apparent
y approaching 70 inis cJndi'ion. adnonlsil es
US oil our own daiies' IN manner 100 I'M
Nessive 10 pc eisregardcd. one' not the
least important, y 10 Keep the Federal Gov
ernnenl Always le eondition 70 discharge,
with ease and vigor, its highest functions,
should their exercise be required by any sud
lion 10 which we are ol,v,vs' ex,assJ md
which ; NAV eccur when II y - - II
To ,hs end. Il is ind;sdans,h,s lin, ?oan.
css CHI. should be untrammeIed a.d is resonrces
~ far as practicable. un;ocnrhersJ No.
cumstance could pressnt greater obstacles ~
the ACKNOWLEDGEMENT Of ,iosa y;,sllv ;mnor ~