The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1848-12-26

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sound policy that i, shonld remain undis-
iurbed. The notifications in some of the
details Of this measure, involving none Of its
essential principles heretofore recommended
are again presented i9r your favorable con-
sideration. n r-.si flt4 ejaif4
In my Message Of The 9th of July LAST
transmitting to Congress the ratified Treaty
Of Peace with Mexico, recommended the
adoption of measures for the speedy pay
ment of the public debt. In reiteratng
that recommendation, lreier you to the con-
siderations presented in that Message in It's
support. The public debt, including that
authorized 10 be negotiated, in pursuance OF
existing laws, and including Treasury Notes
at that time to $65, ,77S, ,450 Al. saan99l
Funded stock of The United States,
amounting to about half million of dollars,
has been purchased, as as3authorized by law,
since that period, and the public debt has
thus been reduced;' The ,,deiails Of which
will be presented in the annuaDfepoft Of the
Secretary Of the Treasury,
/ The estimates OF expenditures for the
next fiscal year, submitted by the Secretary
of the Treasury il is believed will be ample
for all necessary purposes. If the appro-
prialions made by Congress shall not cx-
coed 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 $3,00o,000 to Mexico,
which will fall due on the 30th Of May nexi; !;
and still considerable surplus will remain
which should be applied to the further pur-
chase of the public stock and reduction Of
the dcbt--should enlarged appropriations be
made, the necessary consequence will be 10
postpone the paymen! of the debt.--Thougi
our debt, compared with that of most other
nations, is small, it is our true policy, and
in harmony with the genius of our ins'itu-
tions, that we should present TO the world
the rare spectacle of q great Republic, pos
sessing vast resources ane wealth, wholly ca
empt from public Indebtedness. This would
add still more to our strength, and give 10
us a still more commanding position among
the nations of the earth. tsH 81
The public expenditures should be econ
omical, and be confined 10 such necessary
objects as are clearly within the. powers Of
Congress. All such as are not absolutely
demanded, should be postponed, and the
payment of the public debt at the earliest
practicable period should be cardinal prin-.
ciple of our public policy.
For the reason assigned in my last annual
Message repeat the Recommendation that
a branch of the Mint of the United States
be established at the city of New York
The importance of this measure is greatly
increased by the acquisition or the rich mines
of the precious metals III New Mexico and
California, and especially in the latter.
j repeat the recommendation heretofore
made in favor of the graduation and reduc-
ton of the price Of such Of the public lands
as have been long offered in the market and
have remained unsold, and IN favor Of ex-
tending the rights Of presumption to actual
settlers on the unsuryeyed as well as tic
surveyed lands.
The conduct and operations Of the Army
and the state of other branches of the pub
lie service, under the supervision of the
War Department, are satisfactorily presented
in the accompanying report of the Secretary
Of War. .q ,.c. ,s4 "a s..4.,s. .sa,.ss
On the return Of peace our forces were
Withdrawn from Mexico, and the volunteers
and that portion ofthe regular army engaged
for the war, were disbanded. Orders have
been issued for sta,ioning the forces of our
permanent establishment at various positions
IN our extended country where troops may
be required. Owing TO the remoteness OF
some of these positions, the dctachments
have not reached their destinations. Not
withstaDding The extension of the limits OF
our country and the forces required in the
new territories, i, is confidently believed
that our present military establishment is
sufficient for all exigencies, SO cur peaceful
relations remain undistuIbed.
Of the amount of military contributions
collected in Mexico, the sum of $76S,650
was applied towards the payment OF the first
instalnent due under the treaty With Mexi-
leo. The further sum Of $346,3G0,30 has
been paid into the Treasury, and unexpend-
ed balances still remain in the hands Of
discussing officers, and those who were en-
gagged in the collection Of these moneys
Afior the proclamation Of peace, no further
disbursements were made ofany unexpected
money arising from this source. The bal
ances on hand we're directed 10 be paid into
the Treasury, and individual claim on the
fund will remain unadjusted, until Congress
shall authorize their settlement and payment.
These claims are not considerable in NUM-
Der or amount s 9GY Gtti9 ID ON
recommend 10 your favorable consider
alton, the suggestions Of the Secretary Of
War and the Secretary of the Navy, in re-
,skr I.A.-t.,:<., ~, .k;.i s,,k;octt &stf-f FN