The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-12

point deputy at some point in territory near as
may be to TIE junction OF the rivers ella and Colorado at
the head Of the Gulf of California, with view TO our
future trade on that gulf authorized by the recent
treaty with Mexico: IN connexon WIN Lower california
and the adjoining Mexican States OF Sonora and Slnaoa
so nch IN the precious metals and containing the import
ant ports OF Guayanas and Mazallan
| renew the Recommendation heretofore made by me-
for reciprocal free trade between the Canadas and the
United States in all articles OF the growth, manufacture
or production OF either country recommend, also, the
passage of law rendering similar reciprocity to Next
CO. Ii is known that the Canadas. with the consent of
Great Britain, land it believed New Brunswick ALSO ad
joining New England) would cheerully accept this
cipocy The advantages 10 the Canadas would be great
well as TO our ports on the lakes the St Lawrence and
the Atlantic, accompanied by increased tolls and business
on our intermediate railroads and canals.
With our neighbonng republic OF Mexico, now revis
ing her tariff. so rich IN precious metals and dye stus
and other raw material OF manufactures, with whom it is
true interest to encourage the friendly relations
and reciprocal and unrestricted commerce, although she
may not at enact reciprocal statute, yet is clearly
her interest TO do and with such offer standing upon
our statute book II would receive the attention OF that
republic, and in time be adopted and meanwhile would
present TO Mexico the best evidence OF anxious de-
sire to maintain with her the most friendly relations, to-
geher with Tree and reciprocal and intercourse
The Mexican tariff prepared by this department. and
enforced by the President of the United States with
view TO military contributions in Mexico added several
millions OF dollars to means during the recent con-
test as well as aided the credit and loans OF the govern
ment II was new but most saluary example set TO
beigerents IN all future hot 10 destroy their own
commerce and that of neutral and friendly powers by
embargoes and bockades OF the ports OF the enemy but
TO diminish the evils and losses OF by encouraging
our own and that OF all the rest OF the world
with the enemy's ports at more moderate duties; at
the same time devovlng upon our enemy instead OF
own people, as large an portion as practicable of the bur
dens and expense of the contest, bring it
speedy and honorable conclusion This example, so Ia
vorable to neutral nations, mitigating much the losses
OF wars, substituting commerce instead of embargocs and
blockades, was received with high satisfaction by all the
pc Ners with whom we were at peace and is believed at
the same time, to have had no inconSderabe Influence
IN accelerahng the peace with Mexico. This measure
advance OF
CIVILIZATION 1t was example worthy to be set to all
nations By the United States, and was warmly approved
by all countries, that IT, unfortunately for mankind wars
should hereafter occur and especially general European
war; the danger of which many apprehend to be imm,
by other powers leaving all ports of the enemy open to
incacuabe. We should not OILY have gained the
great principle for which have so long contended,
that free ships make free goods in trading with the ports
OF neutral when in her possession, but should
also terminate the system of actual well paper
blockades and leave our commerce uninterrupted IN the
ports OF all the belgerents. This consideration is
deed more momentous by the fact that future posi-
of neutral, and that, as the result in part OF our
wonderful military power displayed in our recent
glorious achievements and unparalleled victories, as
well as IRON the development OF our extraordinary mo-
neyed resourcesmore than hundred millions of dol
lars having been offered by capitalists at pre-
MUM for government six per stock upon alver
tsemens for less than half of that suln-we shall
be permitted to enjoy hereafter the blessings OF unnte
rupted peace with all the world.
tariff prepared by this department, the light thrown
by its operations upon the commerce and revenue Of
Mexico, and the demonstration that both would be aug
nented by It's provisions So strong has been the effect
produced, that proposition to remove the prohibitions
on nearly all our exports to Mexico existing under the
old system, carried in one House at the recent ses
sion OF the Mexican Congress leaving, is hoped, only
the details to be perfected at some future session-a
measure that would open new markets to our products
and fabrics, prove highly beneficial to Mexico, and unite
the neghboring republics in the intimate and friend
y relations of an ever increasing reciprocal commerce
and intercourse.
renew my recommendations contained in all my an
nua reports for the establishment of branch of the mt
OF the United States at the city of New York That city,
great commercial metropolis is advancing its I'll
Innate position important to the whole country the
emporium of universal commerce, the centre Of ntena-
uona exchanges and the sorehouse of the products of
The world 10 attain this result, mast for
great emporium Gn competition with foreign cties) the
command of her due proportion OF coin and bullion.
Now 1t is clear that where bullion cannot be coined, and
rcconage take place. this cannot be accomplished
America is the great continent of the precious metals
they are found in extraordinary quantities our
own Union, and TO vast extent in countries adjacent !;
yet nearly all this coin and bullion diverted to other
countries, and especially to Great Britain being Of
the chief instruments in aiding that county in maintain
ing her command of the business of the world By
steamships and by exports OF her products and fab
rics she accumulaes coin and bullion in London, and
provides for their coinage and reconage in the least time
and without expenses and yet, in our own commercial
emporium, we have no mint or even a branch mint for
the important process of coinage re-colnage. If
would command the commerce of all nations, it must be
through some American commercial emporium, the
great centre OF trade and business The history
OF trade demonstrates that such great point nds.
pensable to enable any nation to command universal
commerce, and that such concentration at some one
City, instead OF inuring other cities parts OF the
country, Is OF immense benefit to all There cannot be
two financial centres OF the foreign of
any nation, any than there be two or more
centres OF circle The same principle of the centre Of
the trade of nation applies to the trade OF the world
There be but such centre for the world, and but
for each nation, which, in this county, from natural
causes must be New York, where the competition must
commence with foreign cities for the control of in
ternalonal commerce. Now, as the command of the
specie of the world is of immense benefit to our whole
country, and only be secured by making of
own cities the centre OF universal commerce. it is nds-
pensabe to success in this great American enterprise that
specie and bullion should be invited from all the word to
New York-not by any unjust advantages but by giving
10 equal facilities with other cities for coinage and
TecOlnage.
1t is not for New York merely or for its commerce
that this mint desired but for the benefit OF the whole
Union The sorehouse of the goods and products Of the
Union must become the sorehouse It's specie. Where
the and goods there the representatives of
their value must be Also and there also should be every
facility which mint would give for increasing these cir
culatng values, and for bringing them into immediate and
active use IN any form which might be desired. 1t is in
vain 10 that the specie bullion brought by
merce TO New York. can be a distant point where
there IS amnt with but little delay, risk, expense is
Clear there must be risk delay and expense ope
num- and to that extent rendering unequal her contest
with European cities for universal commerce Coinage
and reconage should be Immediate without any risk
expense, delay and it might be said as regards me-
chandise, with nearly the truth as is urGed in re
ton SPECIE that 1t would be injury TO the CONNIE rec