The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1847-12-23

Of the specie imported has been paid INTO
the Treasury tor public dues; and after
haviag been, to a great extent, recolned at
the mint, has been paid out TO the public
CREDITORS, and gone INTO circulation as
curteacy among the people. The amount
,t god aud silver coin now IN circulation
"a iae country IS largcr than Al any Tor.
mer petiud.
The financial system established By the
constitutional treasury has been, thus far,
emncuuy Successful IN rs operations; and
| recommend an adherence to all is essen.
tai provisions, and especially to that vital
provision mich wholly separates the gov.
eminent from an conuexon with banks,
ani excludes bank paper from all revenue
rcceip.s.
IL some of as details. not involving lis
general principles, the system is defective,
and vii rqlre mrdiftaian. These de.
tectS. and such amendments as are deem.
"a important, we're setloJih il Tie las an.
uual report Of the Secretary of the Urea,
sufy. These Amendments are again re.
commended u he early AMI favorable con-
sideration of Congress.
During The past year, the coinage at the
mint and It's branches has exceeded $50.
100000, THIS has Consisted chiefly 10
converting the Gains Of foreign countries
into American CEN.
The larges, amount Of foreign coin i'm.
ported has been received at New York
aud if a branch mint were established al
that city, all the foreign coin received al
that port could al once be converted lnlo
our own coin, without the expense, risk
and delay Of Transporting it to the mlnr
for hat purpose, and the amount recouet
would be much larger
Experience has proved that foregr
CON, and especially foreign gold con-
VII not circulate extensively as curren
cy among the people. The lmportaa
measure Of extending our specie clrcula
tlon both Of god and silver, and Of difl
sing Il among The people, can ouly be e.
fecled By converting such foreign coin nt
American coin. repeat the recommeI
dalon contained in my last annual me,
sage for the establishment Of brtAfy .
the mint Of the L. Siates
New York. ,uorc ands which had bee
rurStyed and we're ready tyr market hay
been proclaimed fJr s-ie during the pa.
year TIE quantity OF red and to b. {
fered for sale, under proclamaGons issue
since the FIRST Of January Inst amounts
9,l3@ ,53l acres, The prosperity Of ii
western States aud territories 10 whic
these lands lie will be advanced BY the
speedy sale. By Withholding them fro
market, their growth aud increase Of Pei
ulaioa would Be rei9rded, while thousand
Of our enterPrising and merltorlous fror
tier population would be deprived Of h
op95rluatty Of securing freehoids for then
selves and their families. Bot in addtlu
to the general considerations ah Gu rel
acred tie early sale Of these lands prone
it IS a Ieadn object a this time to d
rive as large sum az possible from th
source, and thus diminish, by .hat amour
the public loan rendered necessary by {.
existence Of a foreign war.
lis estima,ed thai not less than 10000
600 81 acres Of the public lands vii
claimed f0r sale during tie yeal l. i.
In nv last annoai message | presents
the reasons winch, II my Judgment, re
derel il proper to graduate AMI reduce Il
price of such Of tae public iuuds as b.
remained uas5Id for long periods al
tbev had been offered for sale at Pu0l
auction.
Many miitims Of acres Of public lam
living wrhir the limits Of segera. Of Il
western States have been offered ia Il
market, and been subject TO sale at priFa
entry for more than t@euiy years, al
large qIan.iiies for more than thirty year
a the lowest price prescribed by the
isdng aas, and il has Jeen found HI
they viii nj command that price. The
must remain unsold and unc1,liyated f
an indefinite period, unless the price d
mau1ed for them By the government sha
be reduced. No satisfactory reason
perceived ahy they should be longer be
at rates above their real value. A. q
present period al additional reason eXis
for adopting The measure recommends
When the country Is engaged IN iofeig
war, anil We must necessarily resort
loans, It would seem 10 be The dictate
wisdom that We should avail ourselves
allour resources, and thns itm0tthe amoat
Of The public Indebtedness 10 The love
possible sum.
recommend tina. the existing laws q
the subyac. Of presumption rights be amer
ded aad mod fed 80 as to operate prospeC
lively, and to embrace all who may SCI
tie upon the public lands and make III
progemenls upon them before They al
surveyed, as well as afterwards, in all c;
ses where such settlements may be mad
after the Indian ul,e shall have been e.
tlngu.shed.
If the RICH. Of pre-emp'ion be thus e'
tended, it will embrace a large and mer
torious class Of our citizens. II viii il
crease the number Of small freeho.ier
upon our borders, who viii lie enable
thereby 10 educate their children and ott
erw.se improve their condition, while the