Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1843-12-09

| The InstalmCnts ot the claims recently set
tied by the Convention with Mexico have been
punctually paid as they have fallen due, and our
| Minister Is engaged in urging the establishment,
of new commits IF IN pursuance Of the Con-
vcnttop Tor the settlement of unadinstcd claims
With the other American States our relations
OF amiiy aud goodwill have remained unntcr-
rupted. Our Minister near the Republic of
New Granada, has succeeded in cilectng an
adjustment o' the claim upon that Government
for the schr. BY Chance which had been pend
ing for many years. The claim for the brir
Morris, which had lis origin, during the exist
ence OF the Republic OF Columbia, and indcm-
nlhcation for which, since the dissolution of that
Republic, has dcvoved on its several members,
w'll be urged with renewed zeal
bavc much pleasure in saying that the Go
vcrnmcht OF Brazil has adjusted the clam upon
| HAT Government in the case OF the schooner
"JoIIn ). l'ryan,' and that sapauinc hopes arc
! entertained that the same spirit Of Justice will
Inilncncc us councils in arriving at an carly de-
cioion Upon the remaining claims ; thereby re-
moving all cause OF dissCnsiou between two
| powers whose interests are To some cXtcut in
terwovcn with each other.
Our Minister at Chill has succeeded i'm in.
dncng a recognition ny that Government, Of the
adjustment effected by his predecessor of the
| first claims in the case of the "hlaccdonan"
! The first ,ns'almcnt has been received by the
claimants IN the United States
Notice Of the exchange Qualifications orthc
treaty with Peru, which will take place at Ii.
ma, has not yet reached this country. but is
shortly expected to br received, when the claims
! upon that Republic will doubtless be lqudatcd
and paid
The misunderstanding between this Gnvcrnmen,
and Bucnos hyrcs has been adjusted, and rcs,o.
! ,.t ,T l,,I, 4
Massage then proceeds:
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
! present year, who, from the latest accounts we
have from him, was at Suc2, in Egypt, on the
10Th OF September last. on his route TO China
In regard to the Indian tribes residing with.
! in our lursdictional limits, the greatest yigi-
! lcncc Of the Government has been eycrted To
| preserve them at peace among themselves and
! 10 inspire them with feelings of confidence in
! the justice OF tins Government, and To cultivate
friendship with the border inhabitants This
! has happily succeeded TO great extent but
it is subject Of regret that they suffer them
selves in some instances to be imposed upon bv
arlul and designing men-and this, notwith-
standing all the efforts OF the Government to
| prevent it
i nc fec'lP'S mo thc reaSurv Tor the caIcn-
der year, l~i:, exclusive OF loans, were little
| more than eighteen millions of dollars and the
expenditures, exclusive Of pay yncnts ON the pub.
lie debt, will have been about twenty-,hree
millions OF dollars. BY the Ac, ofle42, a new
arrangement of the fiscal year was made, so
that 1t should commence on the lst day of July
| IN each year. The accounts and estimates for
the current fiscal year, viii show that the loans
and Treasury notes made and ISSUED before the
close OF the last Congress, to meet the antici-
patcd deficiency, have not been entirely ade.
quatc. Although on the lst of October last,
there was a b1laEce in the Treasury in consc.
Guence OF the provision thus made of S3,glI..
O'2,U, yet the appropriations already made by
Congress will absorb that balance, and leave
probable deficiency of two millions OF dollars at
the close OF the present fiscal year.
There are outstanding Treasury notes to a.
bout the amount of four millions six hundred
thousand dollars and should they be returned
upon the Treasury during tie fiscal year, they
VIII require provision for their redemption /
do n'd however regard this as probabc, since
they have obviously entered into the currency
ot the country, and will continue to form nor.
tion ui 1t, 1t the systcm now adopted be cnn,in.
uod. The loan of l. anouutn" 10 ,J6I1
9O~S, falls due on the lst of January, l,,l5,
and must be provided Tor or postponed hy new
loan. Aud unless the resources of revenue
should be materially increased by ynu. there
will he Il probable deficiency ior the service of
the ti'ca year ending June Both, l~i3, of up
wards of atout tour millions OF dollars
The dclusiou incident to an enormously cx.
ccssIre popcr circulation, which gave fctl-
cl"uS value 10 every thing and stimulated ad.
venture aud speculation 10 an cNtrayaoaut OK.
tent, has been happily succeeded by the rub.
sttu'lnn of the precious metals and paper
promptly redecmahIc in specie, and thus false
values have disappeared, and soundcr cundi-
ton OF things has been introduced. This tran
sIton, although intimately connected with the
prosperity OF the country, has nevertheless been
attended with much embarrassment 10 the Go.
\rInm'nl, m ns financial concerns. So lou~
aF III" inrcgn importers could receive payment
i"r Their cargocS m II currency Of greatly less
value liIan that IN Europe, but fully ayailsblc
here NJ the purchase al our agricultural pro-
duClunS, lhclr profits being nnncasurablv au1-
m"nicd 10y The operation, the shipments were
large aud the revenues of the Government Lc-
come supcTabundant
But the change IN The character of the crcu.
latlon from nominal and apparently real va
luc, ~ the first stages of lis existence. 10 an
obviously deprecated value IN lis second. So
that 1t no longer answered the purpoSas of OK
change or barter, aud itf ultimate substitution
by sound metallic and paper circulation com
hlncd, has been attended by diminished impnr.
ial'ons, aud a consequent falling of in the re-
Penu'' lhis has induced C"ngrrss, from I~;}7
10 resort 10 the cXpcdicnt of issuin1 Trcasu,v
notes and finally of funding them, in order Ia
supply Deficiencies cannot, however. WitI,-
hold the remark that It is in no way comp,,i-
bic with the dignity OF the Government that A
public debt should lc created in ,in,o Of 90,