Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1844-12-06

o ossesslonS on this Continent. We have in
terposed no impediments in the way of such
acquisitions of Territory, large and extensive
as many of them are, as the leading powers
of Europe have made, from time to time, in
every part of the world. We seek no con-
quest made by war. No intrigue will have
been resorted Dor acts of iplomacyIessayed to
accomplish the annexation of Texas. Free
and independent herself, she asks to be receiv-
ed into our Union. It is a question for our
own decision, whether she shall be received
or not.
The two Governments having already a.
greed, through their respective organs, on the
terms of annexation, would recommend their
adoption by Congress in the form of joint
resolution, or 1T, to 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 pre-
scented in all its bearings, the correspondence
which has taken place, in reference to it,
since the adjournment of Congress, between
the United States, Texas, and Mexico, is
herewith transmitted.
The amendments proposed by the Senate to
the Convention concluded between the Unit
ed States and Mexico on the Goth Of Novem-
Der, 1913, have been transmitted through our
Ministt-, for the concurrence of the Mexican
Government; but, although urged thereto,
no action has yet been had on the sub ect;
nor has any answer been given which would
authorize favorable conclusion in the future.
The Decree of September, 1913, in rela-
ton to the retail trade, the order for the eXpui
sion of foreigners, and that of more recent
date in regard to passports-all of which are
considered as in violation of the Treaty of
Anity and Commerce between the two coun-
tries, have led to correspondence of consid-
cradle length between the Minister for Fo-
reign Relations and our Representative at
Mexico, but without any satisfactory result.
They remain still unadjusted; and many and
serious inconvenience have already resulted
to our citizens in consequence of them.
Questions growing out of the act of disarm-
| ing body Of Texian troops under the COM
/ mand of Major Snively, by an officer in the
service. of the United States, acting under the
| orders of our Government and the forcibe
entry into the Custom House at Bryarly's
/ Landing, on Red River, by certain citizens of
| the United States, and taking away theretrom
| the goods seized by the Collector of the Gus
toms, as forfeited under the laws of Texas,
have been adjusted; so far as the powers of
the Executive extend. The correspondence
between the two Governments in reference to
I both subjects, will be found amongst the &C.
cOmpanying documents. 1t contains a 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 remains for Congress TO make
the necessary appropriation to carry the ar
arrangement into effect, which respectfully re-
commend.
The greatly improved condition of the Trea-
sury, affords subject for general congratula-
ton. The paralysis which had fallen on
trade and commerce, and which subjected the
Government to the necessity of resorting to
loans, and the issue of Treasury notes, to a
large amount, has passed away; and, after
the payment Of upwards of S7,0O0,O00, on
account of the interest, and in redemption of
more tqan S 100000 of the public debt,
which falls due on the 1st of Jan. next, amp
setting apar: upwards Of $2,000,OOO for the
payment of outstanding Treasury notes, and
meeting an instalment of the debts Of the cor
porate cities Of the District of Columbla-an
y estimated surplus of upwards at 100000,
over and above the existing appropriations,
will remain in the Treasury at the close OF
i Ithe fiscal year. Should the Treasury notes
j. continue outstanding, as heretofore, that sur
: plus will be considerably augmented. AL
e sthogh all interest has ceased upon them, and
n fthe Government has invited their rsturn to
: the Treasury, yet they remain outstanding
d sal1ofdIng great facilities to commerce, and es
Publishing the fact that, under wel-regulated
7 System of finance, the Government has re-
f sources within itself, which render it indepen
dent in time of need, not only of private loans
but also Of bank facilities.
The only remaining subject regret is, that the
remaining stocks of the Government do not fall du'
at an earlier day; since their redemption would b.
entirely within its control. AS it is, it may be wei
q. worthy the consderat on of Congress whether thu
\ law establishing the sinking fund-under the oPer
alton of which the debts of the Revolution and las
war with Great Britain were, to great extent, ex
, tnguished- not, with proper notifications
$50 as to prevent an accumulation of SURPRISES, an
. limited in amount to a specific sum- be re-enactec
Such provision, which would authorize the Govern
ment to go into the market for purchase OF II
own stock, on fair terms, would serve to malntal
Its credit at the highest point, and prevent, to
great exteut those fluctuations in the price of Its St
cutnles; which light, under other circumstances
. affect Its credit. No apprehension of this sort
at thlS moment, entertained; sluce the stock OF tn
! government Which but two years ago were otiere
y Tor sale to capitalists, at home and abroad, at d.
10 preciation and could fihl no purchasers, uoN
l. greatly above par in the has of the holders; but
- wise and prudent forecast adm.rshes us to plat
l. beyond the reach of contingency Tie public credit
n 1t must also be matter of unmngl4d gratific
4 ton, that, under the existing financial -ysem-
u resting upon the act Of 1889, and the resolution
le lsl6.-the currency of the country has attainee
at state of perfect soundness; and the rates of e
t. change between different parts of the Union whie
at in ls4l, denoted, by their enormous amoult, t
Il, great depreciation, and in fact worthlessness OF
a. currency in most of the states-are now reduced
de- little more than the mere expense OF transport
be specie from place to place, and the risk nclden'
ne the operation. In a new country like that OF
n. United States.where so many inducements
he held out for speculation-the repositories Vi
of surplus revenue, consisting OF BANKS OF any
ID crlptIOn, when 1t reaches any conslueIdpe aoe