Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1843-12-21

~ tbC CStQOItSilliICllt Va u tiC w OOtAi
mission in pursuance of the Convention
for the settlement of unadjusted claims.
With the other American States our
relations of amity and good will have re-
manned uninterrupted. Our Minister
near the Republic of New Grenada, has
succeeded in effecting an adjustment Of
the claim upon that government for the
schooner sBv Chance which had been
pending for many years. The claim fol
the bri g Norris which had its origin
dnring the existence of the Republic oil
Columbia, and naturalization for which,
since the dissolution of that republic,
has devolved on lie several members
will be urged with renewed zeal.
lhave much pleasure in saying that
the government of Brazil has adjusted
the claim upon that government in the
case of the schooner John S. BRYAN,
and that sangulne hopes are entertained
that the same spirit Of justice will inAu
ence its councils IL arriving at an early
decision upon the remaining claims 8
thereby removing all cause of dissension
between two powers. whose interests
| al . " oOilIC CAICuL WOfGl3 W I'LL SdG!l
other.
Our minister at Chilli has succeeded in
inducing a recognition By that govern
ment of the adjustment effected by his
predecessor of the first claim in the case
of tee Macedonian. The first install
ment has been received by the claimants
in the United States.
Notice of the exchange of Publications
of the treaty with Peru, which will take
place at Lima. has not vet reached this
country, but is shortly expected to be
received, when the claims upon that re-
public will doubtless be liquidated and
paid.
In consequence OF misunderstood
ling between this government and that of
Buenos Ayres, occurring several years
ago, this government has remained un-
represented at that court, while minis
ter from it has been constantly resident
here. The causes of irritation have in a
great measure passed away, and it is in
contemplation. in view of important in
terests which have grown up in that
country, at some early period during the
present session of Congress, with the
concurrence of the Senate, to restore dt-
pionlatic relations between the two
countries.
Under the provisions of an act of Con-
eress of the last session. a minister was
despatched from the United States to
China, in August of the present year,
who, from the latest accounts we have
from him. was at Suez, in Egypt, on the
25th of September last, on his route to
China.
In regard to the Indian tribes residing
within our jurisdictional limits, the grea-
test 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 government, and to cultivate friend
ship with the border inhabitants. This
has happily succeeded to a great extent;
but it is a subject of regret that they sui
| fer themselves in some instances to be
imposed upon by artfui and designing
men-and this notwithstanding all the
efforts of the government TO prevent it.
The receipts into the treasury for the
calendar year 1843, exclusive of loans
were little more than eighteen millions
of dollars; and the expenditures, exclu-
sive Of payments on the public debt. will
have been about twenty-three millions
of dollars. By the act of 1912, a new
ARA ngement of the fiscal year was made.
SO that it should commence on the 1st of
July in each year. The accounts and es
Inmates for the current fiscal year, will
show that the loans and treasury notes
made and issued before the close of the
last congress, to meet the anticipated
deficiency, have not been entirely ade-
quate Although on the first of October
last, there was balance in the treasury
in consequence of the provision ~thus
made of $3,914,082 II. yet the appro-
priations already made by congress will
absorb that balance, and leave a probable
deficiency of two millions of dollars at
the close of the present fiscal year.
( There are outstanding treasury notes to
about the amount of four millions six
hundred thousand dollars; and should
they be returned upon the treasury dur
ing the fiscal year, they will require pro
vision tor their redemption do not
however regard this as probable, since
they have obviously entered into the
currency of the country, and will CONT
nue. to form a portion of it, if the svs.
tenn now adopted. The loan c. tS41.
amounting to see , SsS 1910 IS, falls due
on the 1st of January, 1915, and must be
/ provided for or postponed by new loan
And unless the resources of revenue
should be materially increased by you,
there will be probable deficiency for
the service Of the fiscal year ending June
S0th, 1915, of upwards Of about four
millions of dollars.
The deluslon incident to an enormous
y excessive paper circulation, which
gave fictitious value to everything. and
stimulated adventure and speculation to
an extravagant extent. has been happily
succeeded by the substitution Of the pre-