The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1844-12-20
VOL. V.-NO. 81.

be perfected and made binding on 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 cores
pondence which has taken place, in refer
ence TO it, since the adjournment of con-
gcess, between the United States, Texas,
and Mexico, is herewith transmitted.
The amendments proposed by the SEN
ate to the convention concluded between
the United States and Mexico on the 20th
Of November, lSi9, have been transmit
ted through our minister, for the concur
renee of the Mexican government; but
although urged thereto, no action has yet
been had on the subject; nor has any an
swer been given which would authorize
a favorable conclusion in the future.
| The decree of September, lS43, in re-
laiion to the retail trade, the order for the
expulsion of foreigners, and that of more
recent date in regard to passporis-all of
which arc considered as in violation of
the treaty of amity and commerce between
the two countries, have led to cores
ponderce of considerable length between
the minister for foreign relations and our
representative at Mexico, but without any
satisfactory result. They remain still I'M
adjusted; and many and serious inconve-
niences have already resulted to our cili-
zens in consequence Of them.
Questions growing out of the act of dis
arming body Of Texan troops under the
command of Mai Snively, by an officer
in the service Of the United States, acting
under the orders of our government, and
the fo:cible entry into the custom-house
at Bryarly's landing, on Red river. by
certain citizens Of the United States. and
taking away therefrom the goods seized
by the collector of the customs, as forfeit
ed under the laws of Texas, have been
adjusted, so far rs the powers Of the ex-
ecutive extend. The correspondence be-
tween the two governments in reference
to both subjects, will be found amongst
the accompanying documents. 1t con-
.ans full statement 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 to carry the arrangement
into effect, which respectfully recon-
mend.
The greatly improved condition Of the
Treasury affords subject for general
congratuIalion. The paralysis which had
fallen on trade and commerce and which
subjected the government to the necessity
of resorlng to loans and issues Of treasu-
ry notes, to large amount, has passed
away; aud after the payment Of upwards
of $1,000, 600, on account of the interest.
and IN redemption, Of more than S5,0U0,-
600. of the public debt, which falls due
on the LIST of January next, and setting
apart upwards Of 50 900, 900, for the pay
mcnt of outstanding treasury notes, and
meeting an ensament Of the debts of the
corporate cities Of the District Of Column
bia-an estimated surplus Of upwards Of
$1,000, 600, over and above the existing
appropriations, will remain in the trcasu-
ry at the close Of the fiscal year.
Should the treasury notes continue out
standing, as heretofore, tina, 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 outstanding, az
lording great facilities 10 commerce, and
establishing the fact, that under well
regulated system Of finance, the govern
ment has resources within itself, which
render it independent in time of need, not
only Of private loans, but also Of bank ia
cilitics.
The only remaining subjec! Of regret
is, that the remaining stocks of the gov
eminent do not fall due al an earlier day
since their redemption would be entirely
within It's control. As it is, it may be
wei! worthy the consideration of Con.
gress, whether the law establishing the
sinking fund-nndcr the operation of
which the debts Of the Revolution and
las, war with Great Britain were, TO
grea, extent exlinguished-should not
with proper notifications, $50 as TO pre-
vent an accumulation Of SURPRISES, and
limited in amount to a specific sum- be
rc-enacted. Such provision, which would
authorize the government to 60 into the
market for purchase Of lis own stock,
on fair terms, would serve to maintain its
credid at the highes, point, and prevent.
to grea, extent, those fluctuations in the
price Of its securities, which might, UNI
der other circumstances, affect lis credit.
No apprehension Of this sort is, at this