Tri-weekly journal., 1848-01-19

establishment of an independent treasury,
have not been experienced. On the contrary,
during the time which has elapsed since its es-
adjustment, the largely increased disburse-
ments rendered necessary by the existing war,
have been made through its agency, at various
and distant points without loss, and with the
requisite ease and promptitude. A far great
er amount of gold silver in infused into all the
channels of our circulation, than at any former
period of the history of our country. Exchan-
ges upon all points are uniform, cheap and
readily to be obtained, and in these respects
they favorably contrast, 1t is believed, with
those of any time during the sway of Bank
of the United States. They are not based upon
fictious movements of bank credit, but upon
the true and only sound principle upon which
they can be well regulated, namely, upon &C
tual transactions between different sections of
the country. When it is considered that du-
ring the experimental operation of these lead
ing measures of national policy, it has been
their lot TO encounter the adverse influence of
foreign war, which cannot fail more or less
to affect the trade andresources of a country,
their intrinsic merits and the wisdom of their
adoption must be still more manifest. In fine,
every thing indicates that the present appear
ance of financial improvement throughout the
country, is no illusion, and that fair promise
is afforded, of its being substantial and perma-
nent. Nevertheless il should be remembered
that when the tide of prosperity is swelling to
its greatest height there is the greatest need of
caution. The irrepressible energy and love of
enterprise of the American people, are apt to
induce them, when fred with success, to over
leap the bounds of prudence and fall into ex-
travagant and ruinous speculations. The sure
and the only sure remedy against this threat
ming evil, is the observance of economy and
industry, and above all, to resist the allure
naents ofcredit. Occasion was taken in for
mer communications to express my serious con-
victions that the observance of this caution
is essential to the continuance of our welfare
and prosperity. lmpelled by { filial regard for
the State, which is the seat of my home and of
my attachments, and which has laid me under
deep and renewed obligations, l cannot omit,
in this crisis of ouraffairs TO once more caution
my fellow citizens against practice, which ex-
perience has proven to be fraught with ruin
1t isearnestly to be hoped that while they in
dustriously and vigorously improve the advan-
tages that are now within their reach, they will
be sufficiently careful to avoid the evils into
which they have fallen from this cause on for
mer occasions.
The present war with Mexico is deeply to
be regretted, inasmuch as the consequences oil
resort to arms, are at all times seriously to
be deplored, and more especially by a people
blessed with a government and institutions
like ours.-Nevertheles the Congress of the U.
States, vested by the constitution with the APP
propriate power having declared, Dy a vote
nearly approaching unanimity, that war exists
and by the act of Mexico, it becomes US as A.
merican citizens, to uphold the rights, the hon
OF, and the laws Of our common country, at all
hazards and in every emergency. The history
of our race has but too lamentably proved, that
how great soever may be its desire, peace is
I not in the power of any nation. Unless the
pacific spirit and policy of one power is mel
by corresponding spirit on the part of others
the questions in dispute are left in the last re-
sort to the arbitament of the sword. Few in.
stances, ii is believed are to be found on the
page of history, ola war; more justifable BY thu
ldics of nations so far as the United States are
concerned, than that in which they are now
! engaged with Mexico. Not content with
> long series of aggressions, running back into
the year 1921, which was the first of her as
serted independence, against the persons anC
4 property of our citizens, for which PREPARATION
was promised by her accredited agents, only tC
/; be followed by sappontment-passing by thu
patience and long suffering of our own gov
eminent, under the last six administrations
Mexico at last brought on the war, by striking
the first blow and shedding the first blood.
Nor can it be successfully maintained, tina
the advance of our troops beyond the Nueces
was the real cause of the war, when it is con.
, sidered that long before that advance, Mexico
| had distinctly and repeatedly taken the grounC
{ through her minister at Washington, her gov
eminent at home and her generals in the field
that the annexation Of Texas was the tru,
: cause and origin of the war which has ensued
} Before the advance of our troops, too, it wa
repeatedly and formally published by differen
commanders of the Mexican armies, that the
r object and mission was to conquer and wres
/ from our possession, one of the States of th
t Union-a State which had been made such will
: the due solemnities of law, and that too from
territory acquired before he present admins
2 tration of our government came into power.
This war, then, it is true. was war of con
quest, but it was so on the part of Mexico
Such certainly is the fact, if any faith is to b.
S placed in the solemn declaration of a nation
f made through its authorized functionaries, AM
e followed up by corresponding action.
1t is demonstrate then, that the war wa
1 brought about by the unjustifable acts and az
r gressions of the Mexican government; for it j
| assumed as proposition that is incontoverta
: Bile, that whatever differences of opinion ma
f have existed in our own country as to mer
!, policy or expediency of the acquisition of Tex
e as so far as the United States were concerned
: yet that Mexico had no reason to complain O
: that measure. That territory was at the time
both by right and in fact, as independent O