New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-12-09
,r.es al taese pspers in t.ansla.!on. axe hererith

Copies of these papers in Translation, herewith
nsrni,ted
zed nations for commissioning privaeers and regulating
ar ronduct appear have been observed a5d IL
bese commissions blank 10 be sled IT, wiki the
names OF citizens and subjects OF all nations who NAV
~ willing 10 purchase them the whole proceeding can
ONLY be construed invitation 70 all tie freebootera
u,on earth who willing to pay Tor the privilege
20 cruise agsiIet American 1t will Be for our
courts of iustce 10 decide whether under such crcur
sences these Mexican ettsrs marcue and reurisal
shall protect those who accept them and commit 70 bic
res upon the high seas unicr their authority from the
peins and penalties Of piracy
II the certificates Of naturalization thus granted be
intended by Mexico shield Spanish subjects from the
guilt and punishment OF pirates. under treaty With
spain, they will certainly prove unavailiDg. Such
subteruge would be buta weak deTce defeat the pro
visions of a solemn treaty.
recommend that Congress should Immediately p-o
vide By avF for the trial and punishment pirates Of
Spanish subjects who, escaping the vigilance OF their
Government shall be found guilty OF prra,eerng against
the United STATES do sppcehead serious danger
from these priveteer.. Our navy viii be constantly on
the alert to protect commerce. Besides, II case
prizes should be made OF American vessels! the utmost
vigilance will be eXerted By biockacing squadron 10
prevent the cap;ors from taking them into Mexican
ports and is not appTehended that any nation WI! vo-
late It's neutrality By suffering such prizes 20 be con
denned and sold within its jurisdiction
recommend that Congress should Immediately pro;
vide by law for granting letters OF rnarque ard rer-a!
against vesEes under the Mexican flag Il j. true that
there are but few, il any commercial vessels OF Mexico
upon the high and therefore not probable that
many American priyateers would be fitted out in case
law should pass authorizing this mode Of warfare X s
notwithstanding certain that ouch prvateers may render
good errice the commercial interests Of the country
by recapurpg merchant ships should any be taken
By armed vessels under the Mexican Tag, as well As by
capturing these vessels themselves Every means within
power should be rendered available tor the protec
ton OF commerce.
The annual report of the Secretary Of the Treas ury
will exhibit detailed statement OF the condition OF the
finances. The imports Tor the fiscal year ending the
Isl,t rod and
twenty.one million six hundred and ninety one thou
SAND hundred and ninety dollars OF yhich' The
amount exported was eleven million three hundred and
forty six thousand Elk hundred and tWentytnTee dollars
leaving amount retained in the country FOR domestic
consumption one hundred and ten million three nun
bred md fortyfve thousand hundred and seventy
four dollars The value OF the exports for the same pc
rod hundred and thirteen million four hundred
and lightweight thousand five hundred and sixteen dol
lars OF when hundred and two million one hun
dred and torty thousand eight hundred ana ninety
three dollars consisted of domestic predictions and
eleven million three hundred and forty SIX thousand SIX
hundred and ,ventv-three dollars of foreign articles
The receipts the Treasury for the year were
twenty nine million four hundred and ninety nine tnous
and hundred and forty dollars and six cents
OF which there derived from customs tTenty--lS
million seven hundred aud twelve thousand hundred
and sixty dollars and eighty cents from sales
public lands two million six hundred and ninetyTe
thousand four hundred and hy-two dollars and forty
eight cents, and from incidental and miscellaneous
sources ninctytwo thousand one hundred ana twenty
six dollars ard seventeen cents The expenditures Ter
the same period were twenty.eigbt million thirtyone
thousand hundred and fourteen dollars and twenty
cents and the balance in the Treasury the Isl day OF
July last was nine million one hundred and twentysx
thousand four hundred and thrtynine dollars and eight
cents
The amount of the Public Debt including Treasury
Notes the lat OF the present month, twenty four
millions two hundred and ftys!X thousand iour hun
dred aud ninetyfour dollars and sixty cents Of which
the OF seventeen million seven hundved and eighty
eight thousand seven hundred and ninety nine dollars
S45 leaving the amount incurred since that time six
million four hundred and sixty thousand six hun
bred and nine;yiour dollars and ninetveght cents
In order to prosecute the war with Mexico with vgor
and energy the best OF bringing il 20 speedy
and honorable termination farther loan will be- ncces
sary TO meet tic expenditures tor the present ana the
neXi fiscal wears II the should be continued until
the 30 OF June lS4S-bcing the end OF the next fiscal
ycar-it is estimated that additional loan OF twenty
three millions OF dollars viii ne required This estimate
is nadc upon the assumption that it viii he necessary 10
retain constantly IN the treasury four millions ci dollars.
To guard against contingencies II such surplus
required 10 b.. retained then loan of nineteen millions
of dollars would be sufficient Il; however Congress
should at the present session impose revenue duty
the principal articles embraced in The tree let it
estimated that nm additional annual revenue OF abou;
two millions and half, amounting, II Is estimated
the 0,h Of June, sis to four millions OF dollars would
be derived from that aourcc; and the loan requr-
cd would be reduced by that amount IL Is esil-
mated. also that should Congress graduate and
reduce the price OF such o, the public lands as
have been long in the market, the additional rev.
several years TO come between half million and mil
lion Of dollars; and the loan required may be reduced
by that amount also Should these measures be adopt
ed the loan equred would probably exceed eighteen
nineteen millions of dc-Hrs-leAving i'll the Treasury
a surplus of -four millions OF dollars. The loan
proposed il estimated will be sufficient TO cover the
necessary expenditures both for the ana for al!
other purposes up the seth OF June, 1919; and
amount OF this loan not exceeding onGhaf may oe
required during the present fiscal year and the greater
part OF the remainder during the first half OF the fiscal
year succeeding
In order that timely notice may be given and proper
taken 20 effect the loan such portion OF il
may be required il important that the authority OF
Congress 10 make IL be given at early period of your
present Its suggested that the loan should be
contracted for period OF twenty years with authority
purchase the stock and pay L; on at an earlier period
at lis market value, out OF any surplus which may
any time be in the Treasury applicable TO that purpose
After the establishment OF Peace with Mexico II sup
posed that considerable surplus will exist and that the
debt may be extnguishcd in much shorter period than
that for which it may be contracted The period OF
twenty years that for which the proposed loan may
be contracted in preference 10 shorter period is
cesied because ali experience both home and abroad
has shown that loans effected upon much better
terms upon long time, than when they are reimburs
able nj short dates.
Necessary this is to sustain the honor and
the interests of the country engaged in foreign il
isnot doubted but that Congress will promptly author
lie il
The balance in the treasury the first OF uly last
exceeded nine millions dollars, notwithstanding
siderable expenditures had been made for the dur
OF
war. the whole public debt could and would have been
extingushed within short period and it was part OF
my settled policy to do so, and thus relieve the pco
ole from its burden and place the Government in a
position which would enable reduce the public
peuditures TO that economical standard which is
consistent with the general welfare and the pure and
wholesome progress OF our institutions
Among our just causes OF complaint against Mexico,
arising Of her refusal 10 treat for pence well before
as since the so unjus,ly commenced her part
the extraordinary expenditures in which have been
involved Justice TO people will make proper
that Mexico should be held responsible for these eN
penditures.
Economy in the public expenditures is al all times
high duty which all public iuncuouares OF the Govern
men, owe to the people. This duty becomes the more
imperative in period OF war, when large and eStraor
binary expenditures become unavoidable During the
existence of the with Mexico all our resources
should be husbanded and appropriations made
cspt such absolutely necessary for its vigorous
prosecution and the due administration OF the Govern
ment Objects OF appropriation which in peace may be
deemed useful proper, but which not indispensa
bic for the public service may when the country
PACED liz a foreign WAY be well postponed TO r future