New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-12-09
TIC pre,iaeul,. HEc..nsc.


yyhat IS said Of oar Foreign Relation, coad hard
" be improved Mid and coucilia;ory IN it. tone
but firm in it. assertion Of our ,ghts it vii dis,-
buse the civilized world Of the serious errors with
regard TO the capacity Of our Federal Government
to maintain friendly relations WIKI Foreign Powers,
which the gross ignorance Of the Brush press On
all American natters, and their wiul blindness TO
the facts in the cas- Of Mcleod, have led them to
disseminate. over and again has il been shawn
that tn. holding Of Mcleod to trial, in defiance Of
the assumption Of Inc re.ponsibiity by bis Govern
ment. grow outof the scparation-cssential to free
Institutions: Judicial from Executive power
and yet the British press Will not il, but goes
on to re assert and even assume a, settled and
1orious that the weakness of the Federal Govern
men; md ,heinsu5ordnation of the States Is such
as 10 leave the execution Of any Treaty or the o5-
seryance OF any Law of Nation, by ta, country &,
the mercy of each of our trenty-six States. The
correction of President Tyler places the subject in
light which they can hardly disregard hereafter:
and by which, even if they do, tho wkola civilized
world cannot fail TO detect and expose the error.
The Presidents views with regard the
thorsed exercise of the Right of Search are sound:
but we still believe it due 10 a true policy Us well
ms humanity that "a Convention ,houI& be concluded
with Great Britain, giving to the ships OF war ot
each nation the carefully regulated and restricted
right of Searching for Slayers who rnoy be dis
honorine the lag Of either nation. All The Ma
tons of the earth shesId uHte as community
TO extrpate the Internal traffic in Slaves from the
incc of the globe. Lei Us not sickle so nicely on
the Rights of Nations as to sacrifice the Rights OF
Humanity.
The general aspect Of our Foresa Relations is
pacific, though those wiki Great Britain present
many points of serious difference. Why not sub
init them to Il disin,ercs,cd umpire, or invoke
Congress of Nations We should be proud
have the fret official suggestion of such Congress,
come from the Government Of the Unite. States.
The Annual Expenditures of the Government
for the year ending 3O,h Sept last (,ix month.
Van Buren, six months Harrison and Tylcr) are
Thirty-two Millions the Receipts Thirty Millions
and Half Let no one be deceived by this state
rnent into believing that The actual eceiqt- and
Expenditures have amounted 80 these large sums
Among the Receipts are counted Five and Hail
Millions OF the Proceeds of the Loan authorize
by Congress at The late Session and worry iars,
sum accruiag Al an earlier period from the issue ol
Treasury Notes. SO the Expenditures include
niany Millions devoted 10 the redemption OF Trea
eory Notes aud the payment Of claims against tn
Government accruiug al an earlier period. We
believe the actual Receipts and Expenditures OF
;l,e year each fall considerably below twenty-five
Millions. which is sill too high. We trust those
of next year will be brought within Twenty Nil
lions.
The Twelve Million Loan authorized at the late
Session for the redemption of Mr.. Van Burens
Treasury Notes and to provide for accruins def
cencics has beer rendered il good degree abortiye
hv the short torn 10 which the Loan limited
This restriction was made in spri, purely tscrous
by the Opposition, aided by a few Wings who did
no; understand the question or afraid Of rhc
inpudent clamor raised by Loco Focoism against
4 H1ig National Debt 1t mus; now be modified
or the Government runs aground.
On the subject of tho Tariff, the President talks
moderately and sensiby. He shows that the ex
listing Tariff mus, be modifed-the Compromise
Act Of 1888 establishing the principle of Home
Valuation, which in is present shape is impract
cable We are confident, however that the prin
ciple is sound and may easily b, made practicable
BY assuming the foreign cos; (sGbicct 10 appraisa)
a basis, and adding the fair cost OF freight, in
tercst capita, &c. (dutiss ucluds d) as
Of the Home Value. We ,rus, this vital prir-
oiple of the Compromise will not be abandoned.
In regard to the Currency. the Finance, aad
due system of regulating the one and managing The
other the President is even more lucid and salts
factory than we had anticipated The plan which
he presents in rough draft has evidently been tho
work of lofty and original inind,-of statesmen
anxious 10 presents project which must be bene.
fciel and oush; TO be satisfactory 70 the country
Putting an old.iashioded National Bank GU, OF the
question, (as it certainly is for the presently
can hardly see how plan better calculated 10
operate efficiently and beue6csnty On the currency
could be devised The Only inns gina5lc objection
Is that which regards i; system Of Government
Banking, uua capable Of being perverted 10 party
ends and agains, any such abuse we are confident
tina, the wisdom Of Congress car devise abundant
safeguards. Can Sny ono. therefore who desires
10 see another csort to secure to the country the
blessings Of sound and uniform currency, mag
inc any other objection this plan than that IT Is
rr.scnrcd mot urgedl by John T,aIer2 We en-