Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1848-12-21

avs, and including Treasury notes, amounted al
hat time 10 S65, 778,150 al.
Funded stock OF the United States, amounting
10 about half million Of dollars, has been pur
chased, as authorized by law, since that period
and the public debt has thus been reduced the
details OF which will be presented 10 the report
Of the Secretary Of the Treasury. -
The estimate Of expenditures for the next ifs
cal year, presented by the Secretary OF the Treas
ury, it is believed will be ample for all necessary
purposes. II the appropriation made by Congress
shall not exceed the amount estimated, the means
in The Treasury will be sufficient 10 defray all
the expenses Of the Government TO pay of the
next instalment OF SO. 000, 900, 10 Mexico which
fell due on the 30ih Of May next, and still con.
siderable surplus will remain which should be
applied 10 further purchases OF the public stock
and reduction Of the debt. Should other sppro-
pratons be made, the necessary consequence will
be, to postpone The payment OF the debt. Though
our debt as compared with that OF most other ma
tons in the world, is small it is our true policy,
und in harmony with the nature OF our inst tu!ions
that we should present to the world the rare spec.
table OF great Republic, possessing vast resour-
ces and wealth, wholly exempt from indebed>
ness; and it would add still more to our strength,
and give TO us still more commanding position
among the nations OF the earth.
The public expenses should be economical,
and be confined TO such objects as are clearly
within the power OF Congress. All such as are not
absolutely demanded, should be postponed. The
payment OF the public debt at the earliest practi
cable period, should be cardinal principle Of our
public policy.
For the reason assigned in my last Annual
Message, | repeat my recommendation, that
branch Of the mint OF the United States be esab.
Iished at the City Of New York. The importance
of this measure is greatly increased by the acqui,
sition OF the mines OF precious metals in New
Mexico and California, especially the latter.
repest the recommendation heretofore made,
in favor OF the graduation, end reduction in price
Of such of the public lands, as have been long
offered in the market, and have remained unsold
and in favor OF extending the rights OF pre- empton
10 actual settlers, on the unsurveyed, as well as
surveyed lands. M e
The condition and operations Of the army, and
the state Of the other branches under the super
vision OF The War Department, are satisfactorily
presented in the accompanying reports Of the Sec
relary OF War.
On the return OF peace, our forces were with
drawn from Mexico, and the volunteers and that
portion Of the regular army engaged for tho war,
were discharged. Orders have been issued loI
stationing the forces Of our permanent establish
ment at various points in our extended country,
where troops may be required. Owing TO the
remoteness Of some OF their positions, the detach.
ments have not yet reached their destination.-
Notwithstanding the limits Of our country, and the
new territories, it is confidently believed, that
our present military establishment is sufficient for
all exigencies, so long as our peaceful relations
remain undisturbed.
or the amount OF military contributions collect
ed in Mexico, the sum of $3.50 $50 was applied
toward the payment Of the fist instalment due
under the treaty Of Mexico. The further sum OF
SAG 1863 80 dollers, has been paid into the treas.
ury. An unexpended balance still remains in
the hands OF discussing officers, and these are
engaged in the collection Of those moneys. Alter
the proclamation OF peace, no farther disburse.
ments were made OF any unexpended moneys
arising from this source. The balance on hand
were directed 10 be paid into the Treasury, and
The individual claims will remain unadiusted until
Congress shall authorize their settlement and pay
ment. These claims are not considerable in
number or in amount. | recommend FOR your
favorable consideration, the suggestion of the
Secretary OF War and the Secretary OF the Navy,
in regard TO the legislation on this subject Our
Indian relations are presented in most able re.
view in report from the War Department. The
wisdom OF our policy in regard to the tribes with.
in our limits. is clearly manifested by their i'm,
proved and rapidly improving condition. A most
important treaty with the Menominees has bee n
recently negotiated by the Commissioner Of Indian
Affairs in person, by which all their land in the
State OF Wisconsin, being over four millions OF
acres. has been ceeded 10 the United States. The
treaty will be submitted TO the Senate for heir rat,
ifcation. at an early period Of your session.
Within the last 4 years, eight important treaties
have been negotiated with different tribes; and at
a cost Of ,842 900 dollars. Indian lands to the
amount OF more $4,000 acres have been ceded
to the United States, and provision has been made
for settling in the country west OF the Mississippi;
the tribes which occupied this large extent OF do.
main. The title to all the Indian lands within
the several States OF our Union, with the except
ion OF few small reservations, is now extin-
guished, and vast region opened for settlement
and cultivation.
The accompanying report OF the Secretary OF
tho Navy gives Satisfactory exhibit OF the ope
rations Of that branch Of the public service.
A number Of small vessels suitable for enter.
ing the mouths OF rivers were udciously pur>
chased during the war, and gave great efficiency
TO The squadron in the Gulf or Mexico. On the
return of peace, when no longer suitable for
Naval purposes. and liable 10 constant deleriora
ton. they were sold and The money placed in the
treasury.
The number of men in the Naval service, au>
lhorized by law,'during The war. has been re
duced by discharges below the maximum fixed
for the peace establishment. Adequate squad
rons are maintained in several quarters OF the
globe where experience has shown their service