Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1842-12-15

The PREsIDENT's Message on the
opening ofthe Sd session ofthe 9th Con.
gress, will be found entire ip our columns
to-day. The following synopsis of its
principal topics which we find in the
Boston Daily Advertiser, may suit some
Of opr readers, better than the docume ut
itself
II begins by alluding to the change in
the aspect Of foreign affairs, produced by
the treaty with Great Britain. Some
comment is made on the principal topics
of the treaty, and also on the questions
Of difference with Great Britain, which
remain to be adjusted The state Of our
relations with other nations is reviewed,
particularly the condition. Of affairs With
MesicQ.
The receipts of The Treasury in ihe
three first qiiarters of the year, haye
amounted to S2G g Is 900, and those of
the fourth quarter are estimated at near
SO, 100000 Ofthc rccei pts of the year
about SI8,0Q0,C0O were from customs,
NJ ,VYo,pOO liViit tIIC IcSt ItII
loans and Treasury Notes. The expen-
ditures Of the year will amount to about
- MILLIONS, including 100000 in war
rants ouislanding,) of which millions
are on account ofthe public debt, and
! $500, 900 for distribution OF sales Of pub
lic lands.
The President recommends tho adop-
ton Of Warehousing System, and ur-
gcs very strong reasons in favor Of it
lie recommends to Congress, if they
should deem it proper to revise the tariff
Of duties, to bear in mind the suggestions
heretofore made by him on that SUBJ ect +,
particularly moderate duties, and a judi
cious discrimination.
He announces great reduction in the
expenses of the military department.
lie recommends n sale of the mineral
lands; also improvements Of the Western
waters, embracing harbors on the lakes,
and the removal Of distractions in the
Mississippi
lie recommends strongly to Congress
and this forms the most elaborate topic
of the Message, tine adoption Of The
| Exchequer scheme which was submitted d
by him at the last session, and without
suggesting any material modi hc lions.
lie goes into an argument IN answer 10
objections which have been made to the
scheme, and 10 demonstrate ito adyanta-
yes. lie assumes il To be "conclusive.y
settled" that there cannot be issues of
national paper, by a chartered institution.
lie urges the advantages Of the Eycheq-
uer scheme, both in aHording general
currency, so much needed to maintain
the internal trade, and in afrording to the
government financial resource, to the
amount probably Of Sl0,O00,000. IN
speaking of the necessity of This resource,
| he gives n most melancholy exhibition OF
the pros,raed credit Of the country.
In regnrd TO the subjects still requiring
adjustment with Great Britain, the Presi-
dent expresses his intention, Of urging
on that government the importance of an
early seilleneDI Of the question Of the
! North Western Boundary, from the
| Rocky Mountains 10 the Pacific Ocean
In reference to the affairs Of Mexico,
the Message states that the Commission
ers under The Mexican Treaty of April
II, 1899, have made final report Of
their proceedings, and that the amount
awarded TO the claimants, by the Com
mssioners and Umpire was So ,02G ,079.
4 large amount Of claims was left unde-
cided, for want of time, viz. S928 $50,
which had been allowcd by the Ame,i-
can Compisslopcrs, bu, not acted on by
the Umpire at the expiration OF the com
mission, aud 1886, 1871 which were
submitted 10 The board too late 10 come
under consideration The Minister oi
the II. States in Mexico has been in
siruc,ed to make demand lor the payment
Of the awards, and also TO communicate
TO the Mexican Government the eypec-
talions of that ol the United States IN re-
inlion 10 the claims noi yet disposed of.
4 Inform mation has been received from
\ cir Thompson, the American Minister,
4 which is esteemed favorable, both 10 n
sa,i.islaciion of the awards aud a rcarona
b'c provision for other claims.