Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1843-12-15

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eminent in its of action.
| Measures of an unusual character have recently
been adopted by the Mexican government calcula
ted in small degree TO effect the trade of Other
nations with Mexico, and to operate injuriously 10
the United States. All foreigners, by decree oil
the 23d day ofSeptember, and after six months from
its promul gation, forbidden to carry the bust
ness of selling by retail any goods within the con
fines of Mexico. Against this decree minister
has not failed to demonstrate.
| The trade heretofore carried by our citizen.
with Santa Fe, in which much capital was already
invested and which was becoming of daily increas-
ing Importance, has suddenly been arrested by de
cree of virtual prohibition on the part of the Mex
can government. Whatever may be the right oil
Mexico to prohibit any particular course of trade, tc
the subjects citizens of foreign powers this late
procedure, TO say the least of IT. hursh and
| unfriendly aspect.
The instalments on the claims recently settled by
the Convention with Mexico have been punctua ly
paid they have fallen duy, and our minister is en-
gagged in urging the establishment ola new commits
sion, in pursuance of the Convention for the settle.
ment of unadjusted claims.
With the other American states, our relations OF
amlty and good Twill have remained uninterrupted
Our minister near the republic of New Grenada has
succeeded in etiectlng an adjustment of the claim
upon that government for the schooner BY Chance
which had been pending for many years The
claim for the brig Morris, which had its origin du
ring the existence of the republic of Columbia, IL
naturalization for which, since the dissolution OF
that republic, has devolved on its several members,
will be urged with renewed zeal.
have much pleasure in saying that the Cove At
ment of Blazi has ad lusted the claim upon tina
Government in the case of the schooner I" John S.
Bryan" and that sanguinc hopes are entertained
that the spirit of justice will influence its councils
in arriving nj an early decision upon the remaining
claims thereby removing all cause of dsse sion be-
tween two powers, whose interests some cXtctn
interviewer with each other.
Our Minister at Chill has succeeded in inducing a
recognition by that Government of the adiustmen,
effected by his predecessor, OF the first claims in the
case OF the " Macedonia The first insalrnent has
been received by the claimants in the United States.
Notice of the exchange of ratcations of the treaty
with Peru, which will take place at Lima, has not
reached this country but is shortly expected to be re-
ceived, when the claims upon that Rcpubc will
doubtless be liquidatcd and paid.
In consequence of Il misunderstanding between
this Government and that of Buenos Ayers occurring
several years ago, this Government has renamed UNI
represented at that court while minister from it has
been constantly IIsdcnt here The causes of irrita-
ton have in gita; measure passed away and it is
in contemplation, IN view of important interest which
have grown up in tint country, some carly period
during the present session Of Congress, with the con-
cunence OF the Senate, to restore diplomatic relations
between the two.counires
Under the p,vision of an of Congress of the
last session, Minister espatched from the Uni.
ted States 10 Chine in August of the present year
who, from the latest accounts we have tom him, was
at Suoz in Egypt, on the 25h OF September last, on
his route TO China,
In regard 10 the Indian tribes residing within our
luflsdlcona limits: the greatest vigilance Of the Gov
eminent has been exered to preserve them at peace
among themselves, and 10 inspire Them with feeling
OF confidence as TO the justice of this Government,
and 10 cultivate friendship with the border inhabitants
lhs has bapply succeeded Il great extent but it is
subject of regret that they suffer themselves in some
instances 10 be imposed upon by arfl and dc signing
nch-ahd TINS Notwithstanding all the efforts of the
Government to prevent it.
he Tecelps INTO the Treasury for the calendar yea
1913, exclusive OF loans, little more than eight
cen millions OF dolIas and the expenditures exclu-
Sl'e OF payments on the public dcb, will have been
about tweniy-lhree millions of dollars. BY the &C. OF
lel2, new arrangement of the fiscal year made,
so mat II should commence the LIST day of July in
each year. The accounts and estimates for the cur
rent fiscal year will show that the loans and Treasury
notes made and issued before the close of the las,
ohsress' TO meet the anticipated deficiency have not
beeh entirely adequate. Although ON the Is of Octo.
Der last, there balance in the Treasury in con-
sequence of the provision thus made of S2,yI4s 42.
%, yet the appropriations already made by Congress
will absorb that balance, and leave IL probable def
cency 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 hum
dred thousand dollars and should they be returned
upon the Treasury during the fiscal year. they will
require provision for their redemption. | do no.,
however, regard this as probable, since they have
obviously entered into the Treasury of the country
ana VIII continue to form portion of it, if the sys
TEN now adopted be continued The loan of 1911 .
amounting to 5,672, l76 S. falls due on the LIST of
January, io4o' and must be provided for postponed
by new loan And unless the resources of reye.
nue. be materially increased by YOU there will be a
probable deficiency for the service of the fiscal wear
ending June Both, 1915, of upwards of about four
millions of dollars
Inc deius'on incident to an enormously excessive
paper circulation which gave n ictitlons value TO
every thing, and stimulated adventure and specula
lioh tn-an.sstssragant extent, has been happy sue
ceed the substitution of the precious metals and
paper promptly redeemable in specie and thus false
vaiues nave disappeared and sounder condition of
thngs has been introduced This transition nj
though intimately connected with the prosperitv of
the country, has nevertheless been attended with
nuch embarrassment to the Government. in its
financial concerns So long the foreign impor.
tiers could receive payment for their cargoes in , r,,r
rency of greatly less value than that in Euronc I'm,
luy available here in the purchase of our agricul
tura productions, their profits being immcasurablv
augmented by the operation, the shipments were
iarge ana the revenues of the Government became
But the change in the character of
'he circulation from the nominal and apparently real
value IN the first stages of its existence 10 nm chi
VIousiy deprecated value in its second so that il M
longer answered the purpose of exchange or borter
ana us ultimate substitution by sound metallic and
paper circulation combined has been attended hy
mportations, and conseoue nj f,lI;nc or
IN the revenue. THIS has induced Congress- from
1887 to resort to the cxpedient of ISSUING Treasnrv
notes, and finally of funding them, in order TO SIM.
ply the deficiencies. | cannot, however y;tb,Id
the remark that it is in way compatible with The
dignity OF the Government that public debt should
De created IN the time of peace to meet the current
expenses or the Government or that temporary en-
pedients should be resorted to hour longer than
It is possible to avoid them. The Executive con do |
no more than apply the means which Congress nnces
N its hands for the support of Government; and
happily Tor the good Of the country and for the nre
'erVa''oh OF It's liberties, 1t possesses power to
evy exactlons on the people, or to force from them
contributions to the public revenue in any form
u can only recommend such measures as NAV. in
MS opinion be called for by the wants of the public
ervce' to Congress, with whom alone rests the
'ower to "lay and collect taxes duties imports and
'xereises. This duty has.upon several occasions
heretofore been performed. The present condition
II things givesa fattering promise that trade and
commerce are rapidly reviying, and fortunately for
he country, the sources of revenue have only IN he