The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1843-12-12

,,.,,,ri,r." The first instNlment has
o. received r by the claimants u Wv
rs ,.,, o,chnnro ortho notifications OF tN'
AolcI oil wv ,,yhic viii take place ut L'n'a' mas
"A II with lcI' ~, countrv, but is shortly expected
n ri rea'",,' ,,h,n the claims upon lhat hePuW'e
N 'eI ,,... be iguidhcd md por'' ,, ,o,,.oo,,
" dOlht' ~ a misunderstanding betWeeh
NJ crr"f .,, and that Of Buencs Ayes, occurring
Go'riI"', iii. Government has renamed nI''
Aer ycl' IT,, c,u,i while n minister from II has
Y ,r;enled y" ,,,idcnl hero The causes OF lfr',l-
co constant ,,o, MEASURE passed away, and II II IN
4 hW W Ia, Glow of important interests Nhch
4 .impIoIlon' ~ I,t cnunlry, nj some early period
y Sc go"" w W., s.s4ion of Congress, with The con-
ra!ia' .co,lc. 20 restore diplomatic relations
,,.o the $50 con"f'rs' 49,, c,Co,crcss oC N,
UoiI wv Minister was despatched from NE uH'-
s'''D"' Cbi,n, IN August OF the present year,
n 'i,' I,,,t accounts we b W from hlm,wns
Ill., I'. r,.,, m the 25tlt Of September last, on
.,, ia China. ,..;.,;.., ,,.i,l,i, o,,.
10 ,, miis, the greatest vigience OF me noV
x Ti0V",.s, b,,n cyedcd 10 preserve thenl NJ Prace
faNe- .o,,lyrs. aud TO inspire them VIVA Iee''ngs
n 00! ,I.,on tic Justice OF inns Government, """
CO. ,, " isad.hip with the border 'nh'nh'"'s =
~ f1Il' .,,r,crlal to gteat extent; but It is
,., r.at that they snlI'r themselves W SOM"
f@OJ' ID. ,,, inaosrd upon by mtluI and d1slsnlns
u ,.,,i hi. roI",'ii't WdiNS a' '"' '"'''' VI '''
3r,mmrrl - r'yCnt u. IT, r. u,, .l,,d,.
l'N ,, siy, Of loms were little more than
~ dollars; and the rXpcnd'turcI,rx'
.l's' I.,,,ocn.. on Ia, public debit, will have
'''' .',.,,,,y ,h,arui lions Of dollars by Tho
',s, ,,oy nrrrn1a ucnt the fiscal year was
f'"" ,,, f.. .hn,'l cnm;uGncc oa tho list day Of
l ''' ,,o, The accounts and estimates for
4 ".., f.,gl ycqr, will show that the loans anh
.,o,,, made ard issued before the close Of
L - r.,r.r.., 10 meet the anticipated Deficiency,
A ,t,o cqlirr,y adequate. Although Oh the
II .tl,,l,r hs, there was balance IN the trca-
IVY .,,,-,n,Ycac, ui' the provision thus undc, of
a",,nel r, set he appropriations already made
C,,., ,yilI absorb that hllanco, aud leave Il
r.l, , .f,;cncy ortwo millions Of dollars at the
'.,,r,r, n.r..nt f,rnl wear. There are oGtsiand-
,w,oq.p-, noo. 10 about the amount OF four mli'
y ., .,nr,lel thousand dollars; aud should they
4 ,,.y,,,l ao,l the Treasury duriHG The liscnl
H., GrruiN require provision for then redemption
Ei,ralovpyrr reglgl this ~ probable, since they
i,r5 aA,Dnsy catered into the currency ol the coun-
l.. a1l viii co,linlr to form portion OF II, II the
+, ,,n po.y gdop,rd b, continued Tho loan Of IS
4 Amounting to - .G72 9TG IS, fails due on the LIST
rfnaqry, 1915, aud mns, be provided for or post
,I,! bv a nnY 'Nla. Aud unless the resources Of
rsrac should b, materially Increased by yon, there
Fl BE- prohabc deficiency Coz the service o.! the fS-
4, yorr llin, June 3Oli, 1880 upwards OF a6oat
erriloas ofdo,lars
Tla d,,uaio1 accident TO m enormously excessive
,1,r circulation, which gave iiCtitouS value 10 ev-
II, a,, and simulated adventure and speculation
n an py,rlyasml extent, has been happily succced-
.lM,h'erh.,atioi of the precious metals and pa
per roa,'y r-doprrb'c IN specie, ind thus false
yl4s,myn disappeared and "A sounder condition OF
iAa,.hayc been Introduced. This transition, uiIo'
istaacy corrected wi II tho prosperity Of the coun-
~, h1sa'ralh"'rsS been attended with much en-
ar.8Eoa, tn tho Government, in ITS financial con-
on, S1hprns ,No foreign Importers could re-
en pHmnl Cor their cargoes in currency Of
''ag ee3 vaue thln that IN Europe, but fully u
labC here in the purchase Of our agricultural pro-
acti rs their profits being immcasuribly augment
BY the operation, the shipments were large and
e rcy'n1as Of the Government became supera5un-
Bat III change in tie character Of the circulation
oNl nominal and apparently read value, in the first
Nmo'i'i existence, to an, obviously deprecated
,alam It. second, so that il no cngcr answered the
purposes Of exchange or barter, aud lis ultimate sub
"@o1 by n sornd metalic and paper circulation
'1hnel, hHs been attended by diminished importa-
ma md consequent filling oil in the revenue. This
y m!o"ed Congress, from 1887, to resort the cx-
'ien, oEissnng Treasury Notes, and finally Of fund
them, in odsr 10 supply deficiencies, | cannot,
"er" Withhold the remark tia, it is in no way
rl'nbe with the digaily OF the Government that a
Nrd'bl shoul! he created in time Of ponce to
e The rnrremt expenses of the Government, or
u temporary cypadentI should be reso'tGd 10 an
IT. longer than II is possible u avoid them.
Inc Executive can do no more than apply the
ms witch Congress places in its hands for the sup
"MG-nme0t; and happily for the good Of the
"fy ana 'or The preservation Of lis liberties, it
S''Sos no power TO levy cSactQnS on the people, or
'cs ron them contributions TO the public reYe-
u any TORN. 1t can only recommend such moa-
'' rs may IN It's opinion, he called for by the
US OF the pHh'ir service, to Congress, with whom
70 rests the powcFto"ay and collect taxes, duties,
0ss' and eSrises " This daty has upon several
ls'on' heretofore been performed The present
''on OF things gives Gathering promise tlut
and commerce are rapidly reviving,, and, forlu
Wy Tor the country, the sources Of revenue have
y, opened in order TO prove abundant.
me we rnn anticiplte no considerable increase
" proceeds Of tho snles Of the pnbllc lnuds for
reason pHrec''v obvious to ALL for several years to
~ YET TIC public land cannot otherwise than he
WV" rs Inc foundation Of TIM public credit. With
,"-Na body Of the lost fertile lands in the world
~, ~, .' control and Mt the disposal ofthc Govern
h., ~ one can reasonably doubt the entire ability
~ government 10 meet iis engagements under cv-
iL."'''S1ncy' In seasons VI trial and difficulty,
,"I i" 'hnSo through which we are passing, the
,"s' ,'akcs his investments in the Government
w. I WIN Inc most assured confidence Of ultimate
e easement; and whatever may be said in II peri
n s, , "nanc'al prosperity, such MS existed for
!, !'aIS utter 1888, should regard it us suici-
vs., ma'oA OF financial embarrassment, either To
,o'" The lands themselves, or the proceeds arising
a wv, sues The first and paramount duty Of