The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1844-12-07

remain still unadjusled; aud many serious
Inconvenience have already resulted to
our citizens IN consequence of them.
Questions growing out of The act ol
di>arming body Of Texian troops under
the command of Major Snively, by an of.
fcer in the service Of the United STATES
acting under the orders Of our Govern.
men'; and The forcibe entry into the Gus
tom house al Bryarly's Landing, on Red
River, by 'erlaln citizens of the United
States, and taking away there from the
goods seized by the Collector ofHhe Gus .
toms, as forfeited under the laws ofl'exas.
have been adjusted; so far as the powers
Of the Executive extend. The CORES
pondeEce between the Two Governments
in reft to both subjects, will be found
amongst the accompanying documents
IL contains full slalemel of all the facts
and circumstances, with the views taken
ON both sides, and The principles on which
the questions have been adjusted. 1t re-
mains for Congress to make the necessary
appropriation 10 carry the arrangement
into effect, which respectfully recon-
m.na.
The greatly improved condition Of The
Treasury, affords IA subject for general
congratualion. The paralysis which
had fallen ON trade and commerce, and
wf!ch subjected the Government to the
necessity Of res or'iug to loans, and the
issne"i Treasury notes, To large amount.
has passed away; and after the paymen;
of upwards of S7,000000, on account of
the lntees', aud in redemption of mare
than S5,0JO.0O0 of the public debt,
which falls due on The LIST of January
next, and setting apart upwards of So
UOO,O for the payment Of outstanding
Treasury notes, and meeting an install
ment of the debts of the corporate cities
of the District Of Columbia-an eslimat-
ed surplus OF upwards of S7000,OO0,
over and above the existing appropria-
lions, will remain in the Treasury at the
close of the fiscal year. Should the
Treasury notes continue outstanding, as
heretofore, that Surplus will be considers
ably augmented. Although all interest
has ceased upon diem. aud the Governs
nent has invited their return to the Trea-
sHry. Yet they remain outstanding; affords
ing great facilities TO commerce, and ess
iabllshing The fact that, under well
regulated system of finance, the Govern
neut has resources within itself, which
render It independent in Time of need, not
Only Of private loans, Uul also Of bank
faritities
TIE only remaining sntjcct ofrcgrct is, that
the remaining stocks Of the Government do not
fail due 1t all earlier day; since their redemp-
ton wodId he entirely within its control AS
is, II may hc we'll worthy the cons G alton
O! Coz grcss whether the lov establishing the
sinking I'nd-under the operation ofwhich the
debts OF tho Revolution and last war with Great
Britain were, to a great extent, extingnisheI-
shoH!t not, with proper notifications, ESQ as to
prevent Az accumulation of SURPRISES, and Inn
tied in aIn' INT to Il spec iic sum, be rc-cuacted
Such provision, which would authorize the Gov
eminent to go INTO the market for purchase
o. It's own stock, on fair terms, would serve to
maintain its credit at the highest point, and
prevent, to great extent, those fluctuations in
the price OF its securities; which might; under
other circumstances, affect its creCit. No APP
prehenson Of this sort is at this moment, en-
t.rtaired; since the stocks of the Government
"hich hut two years agO were offered for sale to
capitalists, at home and abroad, at deprecia-
tion, and could find no purchasers, are nc "
greatly above par in the hands Of the olders;
hut wise and prudent forecast admonishes ms
to place beyond the reach of contingency the
public credit
II mus, also be matter Of unminolsd craft |
fcation, that, under the existing financial sys-
tenl--rcs,ing upon the act of 1859 and the re-
solution OF lSi6,-the currency of the country |
has alta med Il state Of perfect soundncss; and |
the rates of exchange between different parts Of
the Union, which, in 1871. denoted. bv their
enormous amount the great depreciation, and
in fact worthlessness of the currency in mos, of
the 5tates--are now reduced to little more than
the mere expense of tran, porting specie from
place to place, and the risk incidental 10 the op-
Grafton in new country ike that of the
United States-wierc so MANY Inducements are
held vut for specu!atiop-the depos,ories ofthe
surphs revenue, ronsis,ino If Banks of anv
description, when it reaches anv considerable