Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-12-31

has also been received :
vhichiustifedthe hope Of an early adj c
ustment of the remaining claims upon n
that Government. o
The commissioners appointed in '
pursuance of the convention between
the United States and Texas, for mark !
ing the boundary between them, have
according to the last report received
from our commissioners surveyed and ,
established the whole extent of the
boundary north along the Western
bank of the Sabine river, from It's
entrance into the Gulfof Mexico to the
thirty second degree of north latitude
The commission adjourned on the
18th of June last to reassemble on the
Isl of November, for the establishing
accurately the intersection of the thir-
second degree of latitude with the
western bank Of the Sabine and meredi-
an line thence to Red River. 1t is nres-
ed that the work will be concluced in
the present season.
The present sound condition oftheir
| finances, and the success with which
embarrassments in regard to them, at
times apparently insurmountable, have
been overcome; are matter upon which
the people and Government of the Z.
States may we'll congratulate them
selves. An OVERLOOKING Treasury,
: however it may be regarded as an ev-
: idence. of public prosperity, is seldom
conducive to the permanent welfare of
e any people and experience has demon
: strated incompatability with the sala-
d tary action Of political institutions like
+ those of the q. States. Our safe
e est reliance for financial efficiency and
Of independence has on the contrary, beer
J. found to consists IL ample resources en-
10 encountered with debt; and in this re
ar spect the Federal Government occu
I'd pies singularly fortunate and !rul.
he enviable position.
] When entered npon the discharge {
en- my official duties in March 1887, the az
n Of the distribution of the surplus revenu
At was in a course ofrapld execution. Nea
~ ly twenty-eight millions of dollars OF II
~ public moneys we're, in pursuance OF ]
ia provisions. deposited with the States IN Il
he months of January, April, and July ofth
OF year. In May there occurred genel
es- suspension Of specie payment by the ba1l
DIS, including with very few exceptions, the
or in which the public moneys were depo'
~ ed. and upon whose fidelity the Cove
VIZ ment had unfortunately made itself
q pendent for the revenues which had d.
m collected from the people and were lnC
pensable to the pnblic service. This
STA, pepsion aid the excuses in banking
Of commerce out of which it arose, and WI
YOU we've greatly aggravated by its occ
lost renee, made, 10 great extent uhaVo
), a bic the principal part of the public mo
then ON hand; suspended the COLLECTION
'c"' many millions accruing on mercha
c'P- bonds; and greatly reduced the reyenu
IN rising from customs and the public la
ny | i npSe effects nave ~
du- in various degrees, to the present per
sub- and addition to the decrease IN the +
;des nue. thus produced, two and half mill
Ionr of duties have been relinquished by
10 biennial reductions under the act OF
! '!u I and probably as much more upon the
"lch portations of iron for rail roads, by sp
lutu- legislation. =.
veen Whilst such has been our condltio
has the last four years in relation TO rev
erian we have, durino the same period, bee
=. 20 iecte6 to an unavoidable contnuan
. bo large extraordinary expenses neces'
= growing out Of past transaction, and
'uhCe could not be Immediately arrested w
ana great prejudice to the public interest
and these, the charge Upon the Treasul
States consequence of the Cherokee treaty
and without advertIng to others arising
f Au- the Indian treaties, has already exc
&C tho five millions of dollars; that for the j
cntion ofmeasures for the removal
d'ioii Seminole Indians, which were foun
les Vi nrooress has been near fourteen mi
when and the public buildings have re
ght to the unusual sum of nearly three m
e with 1t affords me, however, great Pl
they to be able to say, that, from the com
on the ment ofthis period, 10 the present d
q tuo ery demand upon the Governmental
or abroad, haa bean promptly met.
has been done, not only without G
nc last a permanent debt, or a resort to ad
IS been al taxation in any form, but IN the
ose OF Of a steadily progressive reduction
obacco ;sr}6g burdens upon the people,
still 2 considerable balance 'of a.
IL. finds which will remain in the II
~. ~.' ar at the end ofthe year. The small
nc.i'. u Of treasury notes, not exceeding +
states a half millions of dollars, still outst
organ ands d $ by twenty.three millions
asst. the Halted States have in deposlte
e Gov States. is composed of such only
IS were not yet done, or have not Deeh, p
The for payment, They may be redee'
,,on,;on ofthe accruing revenue, If. the {
- tnres do not exceed the. amour
iou uI which they mey, it's thought,
without prejudice to the public
at Mex and the revenue shall prove to be
as may Justly be anticipated
turb our Among the reflections arising
contemplation of those circuins'a1
owever, not the least g{athying' Is .nG !. -
that the ness that the 0ovefnnena i e eve ,
The late ton ana aoh'sy ~ aNl ahI;rations 9
not yet gency y IN M - contracts accordil
Govern eNe. ,;.onoants of the constitution,
resolv- :. ~ prasent when NEST needed, a