Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-12-05

Peopc haj been furnished 10 the EXECUTIVE. '?hc
still desirs 10 throw herself under Inc P'oee.oh
of our laws aud 10 parake OF The blessings U! oui
lede,aiive system: while every American ih'e.
rest wouu seem 10 require IT, he eAtelisioh VI
our coastwise and foreign trade, 10 an amount
almost irralcul; ble-ihe enlargement OF the maj
l;et for our manulaciares-a constantly growing
market lr our agricultural produc;ons-saiely
10 our tIontiers. and additional strength ana STA
hili,y 10 the Union-thcse are the results winch
would npi,.Iy develop themselves upon The con-
summation of the measure oil annexation. IN
such epnt | will mol doubt but that Mexico would
find her rrIle in,cres, 10 consist in meeting the al
c:of this Government in spirit OF alnily'
Nordo apprehend any serious complaint from
any aher quarter: no sufficient ground cNis'S io'
suchcompiaint We should interfere in no res
pcct With the rights OF any other nation; lhefe
cannu be gathered from the act any design on
our Iart 10 do 50 with their possessions on lnis
Comment. We have inlerposed no imPediments
in The way of such acquisitions OF territory, large
and extensive as many Of them are, as the lead
ing powers of Europe have made, from time TO
limo. il every part Of the world. We seek no
congues made by war No intrigue will have
been rcsered 10. or acts Of diplomacy essayed, TO
accomplish the annexation of Texas. Free ana
independe,t herself, she asks 10 be received INTO
our Union Ii is question for our own decision,
whether she shall be received or not.
The two Governments having already agreed,
through Their respective organs, on the terms OF
annexation, would recommend their adoption
bv Congress il the form OF joint resolution, OF
act, to be perfected and made binding on The Two
countries, when adopted IN like manner by 'he
| Government q Texas.
| In order thai The subject may he fully presented
! in all lis bearings the correspondence which has
taken place, Interference 10 it, since The ADJOURN
/ ment of Congress, between the L ntet States, lex
as and Mexico is herewith transmitted.
The amendments proposed by the Senate to the
Convention concluded between the United States
and Mexico on me Goth of November 1913, have
been lransmiltedthrongh our Minister for the con-
currcnce of the Mexican Government, but, al
though urged thrcto, no action has yet been had
on the subject; nor has any answer been given
which would authorize favorable conclusion in
The future.
The Decree q September, 1913, in relation 10
the retail trade the order for the expulsion OF To-
/ reigners and that al more recent date in regard
10 passporS--aI OF which are considered rs III
violation OF The Treaty OF Amity and Commerce
between the two countries, have led 10 corrcspon-
dence of considerable length between the Minis
Ter for Foreign Relations and our Representa-
tive at Mexico but without any satisfactory re-
suit They remain still unadjusled; and many
and serious lncCnVenenceS nave already IS5uleu
| 10 our citizens n consequence OF them.
! Questions gpwing out OF the act OF disarming
body OF Texhn troops under the command Of
Major Snively by an officer in the service of
the United StaeS acting under The orders OF our
Government: end The lorcible entry into the Gus
tom House al Bryarly's Landing, on Red River,
bv certain tizens Of the United States, and TAX
ing away lhe-sirom the goods seized ny The
Collector o! he Customs, as forfeited under the
laws of Texas have been adluslcd-so far as the
! powers of the Executive extend. The cores
pondence between the two Governments, III refer
ence TO both s.blectS, will be found amongst the
accompanying documents. IL contains full
statement If all the facts and circumstances, with
the views taker on both sides and the principles
on which the qIesiions have been adjusted. Il
remains for Congress- 10 make the necessary APP
! preparation 10 AIRY the arrangement into elect.
| which respectfully recommend.
The greatly improved condition OF the Trcastl-
~, affords snSject for general congraulaion-
The paralysis which had fallen on trade and
commerce ari which subjected the Government
10 the necessity OF resogng 10 loans ami the issue
OF Treasury totes, Ia large amount has passed
away; and, alter The payment OF upwards OF
$1,000 900 OF account OF the interest. and i'll re-
dempton Of Ipre than 50 900 600 Of the public
debt which tails due on the Isl OF January next,
and setting apart upwards OF - 100000 Tor The
payment Of outstanding Treasury notes. and
meeting all inialment Of The debts OF the corpo-
rate cities of the District of Columbia-an c>ti-
mated surplus OF upwards OF S1,000,0UO, over and
above the existing appropriations Will remain IN
the Treasury at the close Of the fiscal year.-
Should tie Treasury notes continue outstanding,
as Heretofore, hat surplus will be considerably
augmented. Although all interest has ceased
upon them, and the Government has invited their
return the Treasury, yet they remain ou,stand
| ing: alording great facilities 10 co merce, and
establishing the fact that, under we-regulaled
system OF finance the Government has resources
within i,sci!, which render it Independent, in time
OF need not only fprivae loans, but also OF bank
! facilities.
The only remaining subjec, OF regret is, that
| the remaining stocks of The Government do not
fall due at IN earlier day; since their redemption
would be entirely within its control. As il Is, ii
may be vel worthy the consideration Of Con-
gress, whether the law establishing the sinking
iund-unde- the operation OF which the debts OF
| The Revolution and last war with Great Britain
were, 10 great extent, extngnshed- should not,
with prorr notifications, $50 rs to prevent an
accumulation OF SURPRISES, and limited in
amount 10 a specific SUM be re-enacted Such
| provision which would authorize the Govern
ment 10 gointo the marker for purchase OF lis
own stock on fair terms would serve 10 main
|
a great event. those fluctuations in the price OF
lis securilis; which might, under other crcum
stances, affect its credit No apprehension of
this sort is at this moment entertained; since
the stocks of the Government which but Two
years ago were offered for sale 10 capita lists, at
home and abroad, al depreciation, and could
| find no purchasers are now greatly above par IN
the hands f the holders; but a wise and prudent
forecast adnonishes us TO place beyond the reach
OF contingency the public credit.
II must aso be a matter of unmnsled cratiilca-
ton, that Under the existing financial system-
resting Jpn the ACT of 1859, and the resolution
OF lSl6-tc currency OF The country has attained
q state OF perfect soundneSs and the rates Of ex-
change beween different parts ot The Union,
which, in 1871, denoted, BY their enormous
! amount the great depreciation, and in fact WORTH
cssness Of he currency in most OF the States,
are now reluced TO little more than the mere eX-
pensc of transporting specie from place 10 place,
! and the risk incident TO the operation. In new
country LIKE that OF the United Slalcs-where 50
many inducements are held out for speculation
the deposit,ries Of The surplus revenue, consis-
ting Of Banks oil any description when il reach
es any considerable amount require the closest
vigilance on the part Of the Government. All
banking in.ti,uions, under whatever denomna-
ton they may pass, are governed by an al
stockholders That interest consists in the
augmentation of profits, in the form of divi-
dends, and 4 large surplus revenue entrusted
10 their custody, is but too apt 10 lead to excess
sivc loans and 10 extravagantIy large issues Of pa
per. As ! necessary consequence, prices are
nominally increased, and the speculative mania
everywhere selves upon the public mind. hc-
titious stale Of prosperity for season exists;
and in the language Of the day, money becomes
plenty Contracts are entered into by individuals,
resting on this unsubstanlial stale Of things, but
the delusion speedily passes away, and the coun-
Try is overrun with an Indebtedness so weighty,
as 10 overwhelm many, and to visit every depart
ment of industry with great and ruinous enlbar-
rassment The greatest vigilance becomes ne
cessary, on the part Of Government to guard
against this state OF things. The repositories
must be given distinctly 10 understand that The
iavors OF the Government will he altogether
Withdrawn, or substantially diminished if lis re-