The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1844-12-03

hive constituents in terms tho most emphatic. IL Is
The will Of both the People and the States, that
Texas shall DO annexed TO the Union promptly and
Immediately. II may be hoped that Ia carrying into
execution the public will thus declared, all cols,e'
raj issues may be avoided. Future Legislatures can
best decide TO the number Of States which should
be formed out Of the territory, when the time has
arrived, for deciding that question. So with all
Others. BY the treaty, the United States assumed
the payment Of the debts of Texas, TO amount moi
exceeding SIC, 0O0, 000 TO be paid, with the excep-
ton of sum falling short OF 100000 exclusively
out of the proceeds OF the sales OF her public lands
We could not, with honor take the lands, Without
assuming the full payment Of all membranes upon
them.
Nothing has occurred since your last session, to
induce doubt that the dispositions of Texas remain
unaltered. No intimation of altered determina-
tion the part OF her Government and People, has
been furnished to the Executive. She still desires TO
throw herself under the protection OF our laws, aud
to parake Of the blessings of our federatiye system
while every American interest would seem 10 re-
iquire IT. The exlen,ion of coast-wse aud Tor
legn trade, TO an amount almost ncalculable-the
enlargement Of the market for manufacturers
constantly growing market for agricultural pro-
ductions-ssfety TO frontiers, aud additional
strength and stability to the Union,-these are the
results which would rapidly deyelope themselves,
upon the contamination of the measure OF annexa-
ton 10 such event, will not doubt but that Next
co would find her true interest 10 consist in meeting
| the advances of this Government IN spirit Of
amity.
| Nor do apprehend any serious complaint from any
other quarter; sufficient ground eXists Ior such
complaint We should interfere in no respect WIN
the rights of any other nation There cannot be ga
thered from the act, any design part to do so
with their possessions on this Continent. We have
interPosed no impediments in the way Of such acqul-
sons OF territory, large and extensive as many oil
them are, the leading powers OF Europe have made,
from time to time, in every part oil the world. we
do nv M mfr
have been resorled to- acts of diplomacy essayed
to accomplish the annexation Of Texas Free and
independent herself she asks to be received into our
Union. II is question for our own decision, whe-
1 Their she shall be received or not
! The two Governments having already agreed,
through their respective organs the terms oil an
ne xatIon, would recommend their adoption by Con-
gress in the form of joint resolution, or act to be
/; perfected and made binding the two countries,
when adopted in like manner by the Government OF
Texas.
In order that the subject may be fully presented in
all its bearings the correspondence which has taken
place in reference TO it, the adjournment OF
Congress, between the United States, Texas, and
Mexico is herewith transmitted.
1 The amendments proposed by the Senate to the
Convention concluded between the United States and
Mexico on the Goth of November lS43 have been
transmitted through our Minister for the concur
renee Of the Mexican Government but, although
urged thereto action has yet been had on the sub
ject nor has any answer been given which would au
lhorlze favorable conclusion in the future.
The Decree of September, l843, in relation to the
retail trade, the order for the expulsion OF foreigners
and that of more recent date in regard to pass
ports-all of which considered as in violation OF
the Treaty of Amity and Commerce between the two
countries have led to correspondence of considera
bic length between the Minister for Foreign Rela-
tons and our Representative at Mexico, but without
any satisfactory result They remain still unadjust-
ed and many and serious Inconvenience have al
ready resulted to citizens in consequence Of
them.
Questions growing ont Of the act of disarming boz
dy of Texan troops under the command of Major
Snvely, by an officer IN the service OF the United
States, acting under the orders of Government ;
and the forcble entry into the Custom house at Bry
arlys Landing, on Red River, by certain citizens of
the United States and taking away theretrom the goods
seized by the Collector Of the Customs, forfeited
under the laws of Texas, have been adjusted far
as the powers of the Executive extend. The cores
: pondence between he two Governments in reference
TO both subjects, will be found amongst the accompa
nyiDg documents Ii contains full statement Of all
the facts and circumstances with the views taken
both sides, and the principles which the questions
> have been ad Iustcd. 1t remains for Congress TO
make the necessary appropriation TO carry the ar
II rangement into effect, which respectfully recon-
mend.
D. The greatly improved condition of the Treasury,
affords a subject for general congratuIation The
paralysis which had fallen on trade and commerce,
and which subjected the Government 10 the neces-
slty of resortng to loans, aud the of Treasury
notes, TO large amount has passed away; and after
the payment OF upwards OF 81 100000, account OF
the interest, and in redemption OF more than $1,000,
900 OF the public debt which falls due on the LIST of
January next, aud setting apart upwards OF $4,000
OO) for the payment of outstanding Treasury notes,
and meeting Instsment of the debts of the corpo.
rate cities Of the District of Columbla-an estma-
ted surplus Of upwards Of 81 000 over and above
the existing appropriations, will remain in the Trea-
sury at the close Of the fiscal year. Should the
/ Treasury notes continue outs anding, hereto
fore, that surplus will be considerably augmented.
Although all interest has ceased upon them,
and the Government has invited their return to the
Treasury, yet they remain outstandng afordlng
gree, facilities to commerce, and establishing the
fact that, under wellregulated system Of finance,
| The Government has resources within itself, which
render IT independent in time Of need not only Of
private loans but also Of bank facilities.
i The only remaining subject II regret is that the
naming stocks OF the Government do fall due al an
earlier day; since their redemption would be entirely
within its control. A. 1t is, II may be well worthy
the consideration Of Congress- whether the law Is
labshing the sinking funJ--undef the operation Of
which the debts of the Revolution and last war with
Great Britain were, 10 great extent, eSlinguIshed
should not, with proper notifications, so as to pre-
vent an accumulation Of surpluses, and limited in
amount TO a specific sum- be re-enacted Such pro-
VISION which would authorize the Government 10 20
INTO the market for a purchase of its stock ON
iar terms, would serve TO maintain its credit the
highest point, and prevent to great extent, those
fluctuations IN the price of IT. securities winch might
under other circumstances, affect its credit No ap-
prehenslon Of this sort U.s. at this moment, enter.
tanned since the stocks of the Government which
but two years ago offered for sale capitalists
at home and abroad, at depreciation, and could fad
no purchasers are now greatly above Jar in the and.
of the holders but wise aud prudent forecast ad.
monishes TO place beyond the reach of contingency
The public credit
| 1t must also be matter of unminged qualification
that under the existing financial sy.lem-resng upon
the act of 1882 and the resolution of lSl6 the cur
rency Of the country has attained a state Of perfect
-oundness aud the rates Of exchange between diff
ierent parts Of The Union, which, in lsil, denoted
by their amount the n eat depreciation and