Arkansas intelligencer., 1843-12-30

to the Government of Mexico how deeely il de.
precated a continuance of the .was< and how anx.
iously it desired to witness examination can
not but think that it becomes The United States.
the Oldest of the American Republics, 10 hold
language to Mexico upon this subject of an IMAM
ognons character. 1t is time that this war had
ceased. There must be a limit to all wars; and
II tho parent Sate, after aneight years struggle,
has failed to reduce to submission portion of its
subjects standing out inrcvot asainst.it, and who
have not only proclaimed themselves 10 be inde.
pendent, but have been recognized as such by
other powers, she ought not to expect that other
nations will quietly look on, to their obvious nu.
ry, upon pro.raction of hostilities. These Uni
ted States throw off their colonial depend
and established Independent Governments; and
Great Britain. after having wasted her energies
IN the attempt to subdue them for less period
than NJ 'xIco has attempted to subiugate Texas,
had the wisdom and justice to acknowledge their
Independence, thereby recognizing the obligation
winch rested on her as ono of the family of ma :
tons. An example thus set by one of the proud.
est as we'll as most powerful nations of the carth
II could In no way disparnge Mexico to initiate
w hi!e, therefore, the Executive would deporo
any collision with Mexico, or any disturbance Of
the friendly relations which exist between the two
countries, it cannot permi: that Government to
control ITS policy. whatever it may be, iowa rds
eSas; but Will treat her as by tho recognition of
her independence the UhiIed States have LONG
since declared they would do, as entirely indepcn.
dent of Mexico. The high Obligations of pubic
duty may enforce from the constituted auhori-
ties of the United States policy which the
course persevered in by Mexico will have mainly
contributed to produce; and the Executive, in such
contingency, will with confidence throw itself
upon the patriotism of the people to sustain the
Government in its course of acton.
Measures of an unusual character have recent.
" been adopted by the Mexican Government cal.
tuiated in no small degree affect the trado of
other nations with Mexico. and 10 operate nu
rIously to the United States. All Foreigners BY
decree of the 23d day Of September, aad after
six months from the promuIgsion, are forbidden
to carry on t'e business Of selling by retail any
goods within the coniina of Mexico. Against
this decree our minister has no, failed to ro,non
strate.
Tho trade heretofore carried on bv our citizens
with Santa Fe, in which much capita was airendv
invested. and which was becoming Of daily in
creas ing Importance. has suddenly been arrested
by decree Of virtual prohibition on the part Of,
the Mexican Government. " halever may be
the right of Mexico to prohibit any particular
course Of trade. to the citizens or subjects of TO-
reign powers, this late procedure. 10 say the eas,
OF II, wears harsh and unfrcrdly aspect.
The instruments on the claims recently settled
by the Convention with Mexico, have been pune
tuofly paid as they have fallen due, and our min.
lister is engaged in urg ing the establishment Of
now commission in pursuance of the Convention
for Inc settlement Of unadjus,ed claims,
With the other American States our relations
of amity and good will hive remained uninter-
ruptod.
The dcusion incident to an enormously excess
s!ve paper circulation, which gave fictitious va
no. In and CT, ,.I 3D..
speculation to an extravag CANT extent, has boon !
happily succeeded by the substitution of the pre-
clous metals and pepper promptly rodeemabe in
specie, and thus false values have Disappeared.
and soander condition of things has been intro.
duced. This transition, although intimately con-
ncctcd with the prosperity Of the county, has 7
been nevertheless attended with much emba rrass-
ment to the Government, in its financial concerns.
So long as the foreign importers could receive
payment for their cargocs in a currency OF great
ly less value than that in Europe, but fully avail
able here in the purchase of our agricultural pro-
ductions, their profits being immeasuraly aug
mentcd by the operation, the shipments were large
and the revenues of the country became supela-
bundant. But the change in tho character of n
circulation from nominal and apparently real
value, in the first stages of its existence, to an
obviously deprecated value in its second. so tina,
1t no longer answered the purpose of exchange or
barter, and Its ultimate substitution by sound
metallic and paper circulation combined, has been
attended by diminished importations, and a conse.
quont falling off in the revenue. This has in
duced Congress, from 1887, to resort to tho expo
dent of issuing Treasury notes, and finally Of.
funding them. in order to supply deficiencies.
cannot, however, withhold tho remark that il
is in no way compatible with the dignity of the Go.
vernneDt, that public debt should be created in
time of peace TO meet the current expenses of
the Government, or that temporary expedents
should DO resorted to hour longer than it is pos
sbe TO avoid them. The Executive can do no
more than apply the means which Congress places
in its hands for the support Of Government; and
happily for the good of the country and for tho
preservation of its liberties, ii possesses power
to. levy exactons on the people, or to force from
them contributions TO the revenue IN any form.
1t can only recommend such measures may, in
its opinion, be called for by the wants OF tho pub
lie service, 10 Congress, with whom alone rests
the power to lay and collect taxes, duties. i'm
posts. and exciscs.' This duty has upon several
occasions heretofore been performed. The pre-
sent condition Of things gives flattering promise
that trade and commerce are rapidly reviving. and,
fortunately for the country, the sources OF reye-
nue have only to be opened, in order to prove