Grant County herald. [volume] (Lancaster, W.T. [i.e. Wis.]) 1843-1844, 1843-12-30

In the case of The William and Fran
els full satisfaction will be allowed. In
the case of the Tigris and Seamew the
British Government admits that salts
faction is due. In the case of the Jones
the sum accruing from the sale OF that
vessel and cargo will be paid TO the
Iowners-whle | cannot but flatter my
self that full ndemnifcation will be
allowed for all damages sustained by
the detention of that vessel-and in
the case Of the Doug lass, Her Majes-
ty's Government has expressed its de-
Termination TO make indemnilica'ion
Strong hopes are therefore entertained
that most if not all of these cases will
be speedily adjusted. No new cases
have arisen since the ratification Of the
treaty of Washington; and it is conf
IDENTIFY anticipated that the slave trade
under the operation of the eighth arti-
Gle of that treaty will be altogether
suppressed.
The receipts into the Treasury for
the calender year ls43, exclusive OF
loans, were little more than eighteen
millions of dollars; and the expendlt-
ures exclusive of payments on the pub
lie debt, will have been about twenty
three millions Of dollars. By the Act
Of 1912, new arrangement of the fis-
cal year was made, SO that it should
commence on the first day of July of
each year. The accounts and estimates
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 Octo-
Der last, there was balance in the
Treasury in consequence of the pro-
vision thus made Of S3,9l4,oS2 II,
yet the appropriations already made by
Congress will absorb that balance, and
leave probable deficiency oftwo mill
ions Of dollars at the close of the pres
ent fiscal year. There are out-stand-
ing Treasury notes TO about the amount
Of four millions six hundred thousand
dollars; and should they be returned
upon the Treasury during the fiscal
year they will require provision for
their redemption. l do not, however,
regard this as probable, since they have
obviously entered into the currency
of the country, and will continue to
form portion if the system now a
dopted be continued. The loan of
iS4l, amounting TO 5,672,976 IS,
falls due on the lst of January, lS45,
and must be provided for or postponed
by new loan. And, unless the re-
sources Of revenue should be materi-
ally increased by you, there will prob
ably be deficiency for the service of
the fiscal year ending June 30th, lS45,
Of upwards Of about four millions of
dollars.
The President informs US in cou-
pie Of paragraphs of unreasonable
length that Bank paper has been found
to be rot quite equal 10 gold and sill
yer, and that Government stocks are
above par. The truth OF the superior
value of hard money over rags needs
no demonstration; we shall not there
fore trouble our readers with the Pres
idents views on that point.
Should revision of the tariff, with
a view Ia revenue, become necessary
in the estimation Of Congress, doubt
not you will approach the subject with
a just and enlightened regard to the in
teres,s Of the whole Union The prin-
ciples and views which ! have hereto
fore had occasion to submit, remain
unchanged. 1t can. however, never
be too often repeated, that the promin-
ent interest of every important pursuit
of life, requires for success, permanent
cy and stability in legislation. These
can only be obtained by adopting as
the basis Of action, moderation in all
things, which is indispensably necessa-
~ TO secure the harmonious action of
the political as of the animal system.
In our political organization no one
section of the country should desire 10
have its supposed interests advanced
at the sacrifice OF all others; but Union
being the great interest, equally pre-
cious to all, should be foslered and sus-
tanned by mutual concessions and Gull
tivation Of that spirit of compromise
from which the constitution itself pro-
ceeded.
| communicate herewith certain des- !