The North-Carolina standard., 1843-12-13


Il Republic Of Columbia, and indemhi fcatioh foi
which, since the dissolution Of that Reppblic IA.
Ideyolsed on It's several members will hs arged
slwith,renewed zeal 49, ssssH 5. =
i x have emgeh pleasufeiin saying that the Coz.
'ternment of Brazil has al justsd the claim upon
-tthat GoveTnIhent in 4ke case OF the sschooneH
/ John s: Bryan and that kang9ihe hopes arr
entertainedtb the same Spirit Of ustice wit in,
fuence its councils ia arriving atm early decision
i juponlthe remaining claimss thereby femoving-all
1ranse of dissensiog between two Powers, whoss
interests are to soine extent inter with each
f0therss# sfssss - - - sss.Ae
/ Our Minister at Chill has succeeded iniriducing
recogntion by thai GoyernHleht Of the adjust
4rnent effected by his predecessoro the frss claims
fin1he, e,case of he e SMacedonian The, frst IN
tstalment has been. received bthe claimants ip the
United States. -
i No.es of the exsliauge 81. .Tatificationss Of ihe
4treatysEithI Peru, laich NJ take place at lima,
basnot ret reached eo1hlfy, 1,it ssdrlly en-
fpected Ia be received, whentIe claims upon that
Repnblie will douBtessb Bquidated and PAID :.
= ID. eensequencefof Of a misunderstanding between
this Government and that of Bpenos Ayrcs, oc-
curing several years ago, this Government has re-
mained unrepresented at that couft, while Minis
ter from it has been constantly resident here. The
cduses.o irritation have IN great measure pass
ed away, and it is in contemplation, in view Of
important interests which have grown up in that
country, at some early period during the present
session of Congress, with the >eoncurrcnce OF the
Senate, TO restore diplomatic relations between the
two countries.
Under the provisions of an act of Congress of
the last session, Minister was. despatched from
the United States to- China, in August of the pre-
sent yrar who from the latest accounts we have
from him, was at Suez, in Egypt on the 18th Of
tSeptember last on his route to China. -
In regard to the Indian tribes residing within
our jurisdctional limits, the gteatest vigilance Of
the Government has been eXerted to preserve
them at peace among themselves and to inspire
them with feelings of confidence in the justice of
this GoveFnmrnt, and to cultivate friendship with
the border inhabitants This has happily spc-
ceeded to great extent but it is subject of re-
gret that they suffer themselves in some instance
to be imposed upon by anful and designing men
and this Notwithstanding all Ihe efforts Of the
Government to prevent It. :.
! The receipts into the Treasury for the cah n
dar year IS43, exclusive ofloans, were little more
than eighteen millions Of dollars; and the cxpen-
ditures exclusive ofpaynlruts On the public debt,
will have been about twenty millions of dol
lars, By the Act Of 1s42, new. arrangement of
l1he fiscal year WAS made, so that It should coM-
/ mence on the 4st daFof July in each year. The
laccounts and estimates for the cHrFent fscal yar,
will show that the loans and Treasury notes4nade
and issued before the close of the last Congress.
Ilo meet deaanticipated deficiency, have n'H bcen
Ienlftiy adequate ARhoaeh on the Isl Of 7Oe4o-
Der last, there was a batnnce in the Treasury in
cons. qnence Of the provision thus made of So
l914,082 II. yet the appropriations afrcidy made
by Congress will absorb that bal nce, and leave
a probable deficiency Of two millions of dollars
Fat the close of the present fiscal year There are
outstanding Treasury notes to about the amount OF
foHr millions six hundred Thousand dollars; and
should they be retamed upon the Treasury dur
ing the fiscal year, they will require provision for
their redemption. do not however regard this
as probable, since they have obviously entered in
to the curtencysof the conntry, and will continue
to- form a portion Of it, # the system now adopted
be continued. The loan Of 1S4l, amounting to
| 5,672 976 So, falls due on the lst of January,
l945, and must be provided for or postponed By a
new loan. And nnicss the resources of revenue
should be materially increased by yon, there will
be probable deficiency for the service of the fis-
cal year ending June 30th, 1915, of upwards OF
about four millions of dollars.
! The delasion incident to an enormously Y exces-
tsive paper circulation, which gave fictitious val
ue TO every thing, and siiaRuEreed adventure and
speculation to extravag extent has been hap
tpy succeeded by the substitution of the pr cio+s
metals and paper promptly redeemable in specie,
and thss, false values have DISAPPEARED, and a
sounder condition of things has been introduced.
Fhis transition, although intimately connected
with the prosperity Of the country, has neverthe-
less been attended with fnuch embarrassment to
the Government, in its financial concerns. So
long as the foreign importers could receive pay
ment for their cargoes in a currency Of greatly
Less value than that in Europe, but fully available
| here in the purchase of Our agricultural produc-
tons, their profits being immeasurably augment
ed by the operation the shipments we're large and
the revenues of the Government became supera-
Bundant .Bnt the change in the ehaEacter of the
! circulation from a nominal and apparentiy>reaI
value, in the first stages Of its exisnace toan OBJ
vously deprecated valne in its second so that II
Fno longer answered the purposes Of exchange or
barter, and its ultimate Substitution by sound me-
talic and paper circhlation combined, has been at
tended by diminished importatioBs and a conse-
qucnt falling of in the revenue. This has in-
duced Congress, from 1887 Tte resort 10 the expe-
dieht of issuing Treasury notes, and finally ol
funding them, in esdPr to supply Deficiencies.
Icaunot, however, withhold the remark that it is
in no way eompatibIe bIe.wlth the dignity of the Gov
eminent that a public debt should be created in
time of peace to meet the current expenses of the
: Government, or thatsemporary expedfents should
be resorted to an hour longer than it is possible 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 hap
PLY for the good of the country and for the pre-
servation of its liberties, It possesses power to