Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1843-12-22

DuFUhH hNfed. occurring sHVef9l VfhFT
ago. this Government has rems ned IN.
rnpresenlsd A. that court. while Minis
ter from il has been constantly resident /
here The causes Of irritation have 10 .
a great MEASURE passed away, and il Is
IN contemplation in view OF important,
Interests which have grown mp in that
country, al some early period during The
present session Of Congress, with the
concurrence Of the Senate. TO restore
diplomatic relations between the Two
countries.
Under The provisions Of an act Of Con
gress Of the last session, Minister was
despatched from he United States to
China 10 August Of The present vesr,
who. from The --latest accounts we have
( from him, was at Susz 10 Egyp pt, on he
% h Of September last, on his route to
/ China.
10 regard TO the Tn1ian tribes residing
within our jurisdiruonsl limits, the
greatest vigilance Of the Government
has been exerlsd to preserve them at
peace among themselves, and to inspire
them with feelings Of confidence n the
justice Of this Government, and to culii-
vats friendship with the border lchabl-
tNnls. This has happily Succeeded 10 a
great extent; but it is subject Of regret
that they suff4r themselves in some in
stances 10 be imposed upon bv srllul
and designing men, and lbis nolwth
standing all The effort. Of the Govern.
ment TO pteveutil
The rPcep into the Treasury for the
calendar year ls43, exclusive Of loans,
were little more than eIgh cen millions
of dollars; and the expenditures, excIu.
sive Of payments on the public debt,
will have been about tweDiV three mil
lions Of dollars, By tho aci OF l942, a
new arrangement OF The fiscal year was
b made. so that it shall commence on the
first daV Of JUlv in each wear. The
: accounts and estimates for the rurren,
fiscal year vii show that he loans and
Treasury noles made aud issued before
the close of the last Congress, TO meet
! the anticipated deficiency. have not been
u entirely adequate Although. on the
lst OF October last, there was a balance
in tine Treasury in consequence of the
D provision thus made OF S3,9l4.0s2 II
o vstlhe appropriations already made By
Congress wi absorb that balance ant
leave probable deficiency OF two mil
r lions Of dollars at the close Of the pres
ent fiscal year. There are ou:stapdInl
Treasury notes 10 about the amount 0
7 four millions six hundred thousand dol.
lars; and should lhey be returned upo
u the Treasury during the fiscal year
they will require provision for THAR re
: demplion. | DO not. howeVer, regAr
', this as probable, since they have opvI
ousIy entered into the currency Of III
u country, and will continue 10 form a por
tlon OF it flhe system now adopted b
Y continued. The loan Of l84l, amount
d ing to S5672 97G IS. falls due on tn
LIST OF January l845. and must be prov
ded Tor or postponed by a new loan.-
" And unlew The resources Of rpVenu
n should be materially increased by yor
I'd there will be probable deficiency "a
e the service Of the fiscal wear endin
I'd June 30sh ls45, Of upwards Of four mi
le ions OF dollars.
II The deluson incident to an enormou
ly excessive paper circulation, whlc
10 gave fictitious value TO every ihlns
= and stimulated adventure and specu
81 lion 10 an exrrRvBgant extent, has bee
happily succeeded by the substitution
the precious metals and paper prompt
II redeemable in specie, and thus false va
Il ues have disappeared, and sounder col
" diion Of things has been introduce
q. This transition, although intimate Co
a necled with the prosperity Of the cou
he try, has nevertheless been attended wi
d. much embarrassmen nt to the Cover
ment, 10 its financial concerns. So lor
ur as rhe foreign importers could recel'
W payment Tor their cargoes in cJrrenc
er of greatly less value than that 10 EJroI
as but fully available here in the purcha'
OF of our agricultural productions, the
he profits being immeasurabIy angmene
en- by the operation, the shipments wei
i'm large and The revenues Of The Cover
Il ment became superabundant. But II
lie change in the character of the circul
or lion from nominal and apparently re-
a. value, in the first stages OF lis eXislenc
n. TO an obviously deprecated value 10 /
second, so that it no longer answered II
Iat purposes Of exchange or barter and
ed ultimate substitution by a sound meta
he and paper circulation combined, h
:" been attended by diminished import
ed lions. and consequent falling off IN II
in. revenue, This has induced Congress
ar from 1887, 10 resor to the exped:tnt
ls: ISSUING Treasury notes, and finally
N funding them. in order TO supply de-
er. cences cannot, however, wi'hho