The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-07
WAsHIseroN, Dec. 8, 1913.

WAsHISeroN, Dec. 8, 1SfS
The Presidenfs Message--Mr. Buchanan-The Sc
eretary the freasuy's Report &c, &c.
The Presidents annual Message, which was trans
itted to Congress to day, is unquestoauably able
document. The principal topic the Message is upon
the important subject OF our territorial acquisitions
In the Message which accompanied the sanction of
the Oregon bill last session. the President very plainly
animated that the Missouri compromise was his
tiimotum-that any measure conflicting with that
.ompromise would be vetoed. the present Message
lie reiterates this decision still pointedy and at
the time informs Congress that the passage 81
tie obnoxious previso will put stop to all efforts at
c,mpromise-it will then be war to the knifen He
contends and forciby that the question of slavery is
which, after ALL be settled by the State tsef
lie would also ca nc ton a measure of compromise
SIMILAR to that passed by the Senate last session We
very much doubt If any measurs can pas the House
rnsccompaned by the Wilmot provso therefore Cali
brnia and New Mexico are likely to remsin without
governments until they become popuous enough to
In admitted as States.
con necton with the subject Of the territories
illusion Is made to the mineral wealth of California
This has been after. boug ht aud made in
sequence Of the strong alton Of the cabinet
Up to Thursday evening the message contained no
Inference to any action in the matter of the gold
mines. It will be that the view we took of the
natter in letter the 30th ult was similar to that
recommended in the message namely, that the lands
fhs be brought into the market stld la small lots
to taking possession of the mineral portion for the
fre be-it will require greater force pre-
Rrve the metal than II Is worth The plan suggested
giving the preference to actual settlers 10 good
one. IL will keep out heavy spectators and extend
tp the industrious the the us
tim Of wealth Is blessingo Of this FL Dorado There
can be little doubt bat what the number of emgrapts
10 California will be largely increased that the
s.den accounts have been officially confirmed
The Message contains one of the ablest reviews of
th' vets power ever penned This Is generally attri.
bued to the Secretary Of State MIR. Buchausn has
heretofore been looked upon as an able champion
tha uafn nnU nd Ia aftAn L., hat
resPct will not suffer by attrbuting to him the
authorship Of this portion Of the Message. We
may perhaps be pardoped, however for observ-
Ing, that although this review Is able, it brings
forward fact-it annihilates o propositions
which have, Of late years, at all events, been
tls veto and not its existence which Ia complained Of
ills the v,topg measures which have neither been
hetily Iegislated upon. passed
+ Ia the veioing measures which the whole airy
atAl events the upprejudiced portion, deem right
the vetotDg private bills these the grievances
Which are complained Of and under the present con
sttuon there Is safegsrd to the country against
sub stretch Of the prerogative unless the President
ptdges himself not to exercise the autoc ratio power
except In cases where the institution Ia violated
rPort to Congress until next Monday. Uader q reso
luton Of Congress he complied aud transmitted to the
B'use the 10th Of November, detailed estimates Of
tn expend itures for the years '48 and 40 making
ddumept OF 1886 printed pages This re nders 1t I'M
Necessary for him work himself to death, he did
IA year, as the report can be delayed few days,
vfoout oetriment to the public service Very little
IL rally known 10 the contents Of the report, be-
yoid the allusious tn IL In the Presidents Message
Will the most powerful document which has
vmsnsted from Secretary Of the Treasury bracng
hssuhject Of free trade snd total reorganization OF