The Yazoo Democrat. (Yazoo City, Miss.) 1844-18??, 1844-12-17

most emphatic.
Itisthe willof both tie People and the States,
thatTexas shall be annexed to theUniOnp,Fompt-
y and Immediately. IL may be hoped that, in
carrying into execution the public will, thus de-
clared, all collateral Issues may be avoided. Flu.
ture Legislatures can best decide &c TO the num-
Der 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, 20 an amount not exceeding
Sl0,000,000 to be paid, with the exception Of
sum falling short of $500 900, exclusively out Of
The proceeds of the sales Of her public lands
We could not, with honor, take the lands, with
sut assuming the full payment Of all inCumbFan.
ces upon them.
Nothing hes occurred Since our last session TO Induce
doubt that the dispositions Of Texas remain unalteEed
No ntimaton Of an altered determination, on the part
Of the GOvenme and the People, has been furnished
TO the Executive She Sill desires TO throw herself un
der the protection Of our laws and to paTtakO Of the
blessings OfouT fedeTative system while every AmeTl.
interest would seam TO require it, The extension Of
our coast-wse and foreign trade TO an amount almost
inealcuahle-lhe enlargement Of the market for our
Onr manufaeuFesa constantly growing market for our
agricultural productions safety frontiers and ad
dtOna stengh and stability to the Union these are
the results which would rapidly deveope themselves,
upon the contamination Of the measure Of annexation
In such event. would not doubt but that Mexico would
find her true interest TO consist In meetingthe advances
Of this government in spirit OF amiiy. -
Nor do apprehend any serious complaint from any
other quarter sufficient ground exists for such com
plant. We should interfere In no respect with the
rights Of any other nation There cannot he gathered
from the act any design our part 10 do so with their
possessions this Continent. We have inleTposed no
mpedimen in in the way of such accusations OF ter
TtoTy large and extensive many of them are, as the
leading powers Of Europe have made from time to time
In every part ofthe Orld We seek no conques made
by war No intrigue will have been LesoTIed 70, or acts
OF diplomacy essayed accomplish the annexation of
Texas. Free and independent herEef she asks TO he
received into Union. Il is question for our own
decision, whether she shall be received or not.
The two governments havirg already agreed through
their respective organs, the terms Of annexation,
would recommend their adoption by Congress In the form
Of joint resolution, act, to be perfected and made
binding the two countries, when adopted In like
ncr by the Government of Texas.
In order that the subject be fully presented In all
bearings the correspondence which has TAX place,
in reference to II, since the adjournment Of Congress-
between the United ates, Texas, aud Mexico, 10 here
with transmitted.
The amendments proposed by the Senate 10 the Con.
luded between The United States and Mexico
oo Ve . u 1898 have been TRANSMITTED
Government bat although urged teTBso, ne aasis
mas YET been mad on the subject nor mas any answer
been gwen which Wonld authorse favorable eoneu'
sion In the future.
The Dee~ee OF September ls43 in relation the re.
tail trade the order for the expulsion OF Foreigners and
that OF more recent date in regard 10 passp0Ttpall Of
which are considered as in violation of the Treaty OF
Amity and Commerce between the two countries, have
led 10 correspondence OF considerable length between
the Minister for Foreign Relations and Represents
tive at Mexico, but wAout any satisfactory result They
remain still unadusted and many and serious ineOnvs.
aiences have already resulted TO our citizens In eonse
quenee OF them.
Questions growing out Of the act Of dsarmlHT body
OF TeYian tToopsUndeF the cOmmsnd Of NAL SniVely,
by oceT in the service of the United States acting
undOr the orders of Government and tho OretbIs
entry into the Custom HOase at Bryarlys Landing,
Red River by certain citizens Of the United States and
taking away hererOm the goods seized by the Collector
OF the Customs, as forfeited under the awS Of Texas,
have heeA adjusted far the powers of the E1ecu
tive extend The correspondence between the two Gov
ernments in reference to both subjects will be found
amongst tho accompany wing documents II contains a
full statement Of all the facts and circumstances with
the views aiken on both sides, and the principles
which the questions have been adjusted. II remains
for Congress 10 make the necessary appropriation TO
carry the arrangement into effect, which respectfully
recommend,
g63 t 5F sshss fraS aR H He f.
ysS which had fallen on trade and com meEee aud which
subjected the Government to the necessity Of FOsottnR
to loans and the issue of Treasury Rotek, 10 large
amount, has passed away; and amer tue payment or
HP"a5us u S1VVUUOO' on account o. tne interest, and
In redemption Of more than @5OO0OOO Of the public
debt, which falls due the frt Of January next and
setting Gpart upwards of SsOO0OOO for the payment of
outstanding Treasury notes, and meeting an nsta ment
Of the debts the corporate cities ofthe District OF Co
lumba-an estimated surplus Of upwards OF ST. 600
over and above the existing appropratlOnsWil remain
Ia the treasury az the close OF the fiscal year.
Should the Treasury notes continue OUTSTANDING m
heretofore, that surplus Will be considerably auRnenied
AItnougn al interest has ceased upon them and the
government las invited their return 10 the Treasury
YET they remain outstanding aoTdiRR great faciite1
to Commerce and establishing the fact that, under
wei regulated system Of finance, the Government has
resources within ITSELF hieh render Il IRdeDendrnt ~
me OF need not only Of private loans, but also Of baRk
facilities.
4 he only remaining subject of re1re, H. that Nh. ~.
naming stocks Ofthe govern do fall due Al an
earlier day SRee their redemption would be entirely
within It's control. Asiis, II may he veil worthy the
consideration OfCOngress whether the law esablisbinS
the sinking fund-HRder the operation Of which tIs
oeD Of the Kevo utiOn and last war with Great Britain
were, to great extent, extingushed-sbsud NOT with
proper notifications $50 to prevent an accumulation
OF suTpluses, aud limited in amount TO a specific sum-
be reenaeted. Such provision, which would autboTas
the Government 10 go into the market for a purcba1o
OF It's own stock on air terms would serve 10 mantsD
s eIea 81 the highest point, and prevent, great
extent those fluctuations in e price OF it's secutitjeS
which might. under other circuH GlUaces, affect s ere
dh NO apprehensions of this sort S, at this moment
entertained; since the stocks of the Government which
out two years ago offered for sale 70 Capitalists Al
home and abroad at depreciation, and could find no
are nov greatly above par in the hands OF
me holders; but wise and prudent f0oeaste RdmOn.
'ubIiC credit. 'N0
IL must also be matter Of unminFled gr,tiasatIon
nat under the existing financial system-restlng upon
ne act Of I7e9 and the resolution Of IBIthe enyrepe
! the country has attained state Of perfect
ma tue rates Of exchange between different parts OF The
jnion, which, in 1871, denoted, BY their enormopS
mount the great depreciation, and In fact woThessnes1
we currency IN most OF the staes-sre now reduced
niue more than the meIe expense Of transport Inc
pecle from lace 10 place. end the risk incidental 10 the
peIHlon; IN new country like that Of the United
80 many inducements ave held out for
pecueuon-the depositOTiee Of the surplus revenue
ohsistng Of banks Of any description when Il reaches
ny ronhderable amount, require the closest vlrianee
the part OF the government All banking inutitutiopH
ndef Whatever de nominations they may psss are FoV.
'ned BY an amoat exclusive regard 10 the inferred Of
e That Interest eonEEs IN the sueneh.
uon Of profits, in the form o. dividends api lsrgs
ipus revenue entrusted 20 their custody IL but Too AM
leea 70 excessive toaus and 90 eHtavgranIy iurfa t.
les 81 paper. AZ Necessary conrfquenee pyicss ara
ominaly increased and the speculative mania evsTv.
here seizes upon the public mind fetitlopg rats or
~, money becomes plenty.
Contracts &c entered into bV ndiFdualr, resting On
a unsubsisuia state Of things hut tha deution spee
nHnefu nurnv and the enu-fr-.