The Arkansas banner., 1848-12-19

s ,,,s,sn the puIl1e hRAnces have carried thF0agh
 fo-sirH var iawelvtBg the necessity 0f loans and -,t-,ovs}Bzrv exp~ne1tgrs, sne requiring assashs
 s.-s and SlnSursen8cnfs,w ithout Bt, sns so loss hss occurred of Any passe sasnTy oe, -.s,.,s uade. it's provisions. Whist Ii has PrSveo v h. .ags and useful to the government. it's effects Ter. beeu most beneficial to the csuHtry. t has ,5ea powerfuliy ta secure sn eKenPton from thai ;.a,,ica aa5 factasfien of the paper currency SC ,,iarisas is domestic industry, and rena-riRg 60 seoe-taia the rewards ef labor RAa is eeiseTea ts s.v. larregr contributed e preserve the whole .--.-v frpsn commercial rexHsHon. such aa cftea ,n-s ,1fer the bank aeposste system. In the year ,st- ,bsre vas s revpniiea in the bastnsSR cf c.ss, Rrftain fl great extrDi and intensity, which
 s fslseHed by f3ilares iB that eiuSaoEns BPfece- sarics in number and amount oE losses. hfs is ,I,.,,s te ts- The first instance when sDeh etsss- ,-,,s bankruptcies, cccRrring ia country usih b,-A u. have such an extensive trade or carreacys - -r,siues but liftie effected in oar money mar ts, sae eur bsstnesz and industry were stia FV0s- porous and FroEressiF@-
 ,.r, If Eare-e has been cearHiSec by civil war ,.5 rrvelutjons. aslsadea bF nuHaerees bankrupt ,s k, sn unareee6cHtes faR ia their public seu-u- r..rs and an almost universal paralysis of eesn-
 ,-.s nd tsSustrr aud v>t. although eur trzde and ,.. sttrrs of car products must have sren some wh., ynfavoraby affected hy these causes, we have rsespee aresHsson; eur mgnsy market ls scoHapara- lively easy, and P1s'ac asa PtiFNts eF~e's naFe a1 vance, and ssHpFcred
 T1 ,s reastsatly bsllerad tast we have been Ezves F,n steir elect hv the salaiary operations of The aaastitaiisuai ir~asarg. G is esEsuia t1Af, II fhe
 a4 ,sssg sse CT specie imported Iato the country, -vrine the fiscal year ending on tae Safh June, l.47 Lad gene into th4 5snks us te great extent il n,ps, have doae t wsgla, ln the shsepee of tats .es.ep, have been ma6e the basis of augmented h.k pa,.ef sssuea, probably, to ssns1ut net less ti,s fs1 5r -eaea ata ef doilarS; producing, aR '.~ri,.lss copsecaence sn inflated currency, ex9 ,yaySesul prices fer lime, sna wild speculation, wss,k rga<i have been followed, on the refnx ig Es-o,e ths succeeding year ef 50 much ei that spe- fife; t he prcsfraiaaH uf the business of the eoUh- ,v lr susaeasioa of the banks, and most extensive taukrapscies. Occurring. as this waald have dope Al aufr5ea ssea considerable loans of specie were -.eui-e3 for a.ssaut disbursement. anu when the hanks tae fiscal agents of the government and ysc 5-po,..arl-s ol The public noR-ys, were sasPeESed, ,a~ aablie e5i; mast have sunk, and r79sy mil As s( collars as tbe ease aurinE I3E war ef Esls tnRst Eave been sacrificed ia olse1unts upon loans, as upon ihe 1ePrecia;ea ps5er currency, xhioa ;he government would haye been conPeiiea ie Gse. t:@
 l5ef tas operations of thssfcustiia'iosal treasa Tv Bot collar has been see by tas appreciation of fte currtHey. 4
 N-1ico were D, Zet3a' cd by the Secretary of the Trrasary asoye ass realizing large re H ara to the esvcrHBrat JI he restraining eject ef fAs system asa tis teaseaceS 10 excrssipe paper lssue hv the sanks 5srsaYea the government from heavy losses. As5 1G saas uf e1r basiuess men from bankruptcy aEe rsia. Ths systsEn hns been tested by the e2- ae-enrs q fhe ast years, and II IS the dictate ol sound policy thai il saouid resnsia undisturbed- fht notifications of lhe details ef lhis measare yoyiar t- principles aeFet0fe-e recommended, are sgssa recommended r0 yeur favorable considers ben.
 n ay sysssssse o tlle 6t Ju}y last transmitting sa Congress the rs fled treaty Of geacs aa Mexce. ] r-co,s r-lidee tae adoption o measures for fhe speedy payment oi tAF Puli5c ee.t la -ri1eraiiag tat reee1az. H1stjoa refer vea 70 the coast5sFa- QrssF Hted iu tha fD-sSace- ID is support } he patc Gsa1. inciadiag saat su u.aa-ixee ie be a~go- tzi-c ia pursEaaee of fexiztiag asgs, aaa se'a1inE t-.asury aees, alos ated, a. that tine. to S,71-- s'a. q.
 Fandsd s;oek vf thy z i.o5 States amounting 10 ssse, hsf million of cellars ass beea parcifase3, a. asib51zsd by las, since itsl perio3. and the pub c 6ebt has thus been reeacee: Use details of Klct, W. 5e pr-sentea ia tsa rsgost sf ths seere- l3'y gf liie Iressasx.
 19- estimate sl expenditures fer ,i,e nex; fiscal vesr subugaea }y te Secretary Of tge Treasury, il seiesra, s be ample for all necessary parposcs. q tbs srp. arafisa fase by CaaErsss szIl act ex- csc lar s3ouaf sstsIss ,e, the means a the trstsg Y V1l be sufficient fo defraY ali the expenses of ne s1veraselt. i9 pay os ilte next instajHaeIt of s2 ' tf ie Mexico, hicli g i f1li cae tas s1tA c' Asr ns@t, sud sati considerable sarTius viii -rssu. 8icl shoa1 be fi.ed 70 the lsrlher Yur- tils' %. le pahr stock su- TrEue lon ef the dri., aoa.3 enlarged appropriations 5e made the ne es- saH csusag arners WN be ia postpone fhe payment ~ ibe csl Ib0EEh es+ celt. as compared Ni;il Hst ofr- lors the world. IS small, ji is oaf ca, paicy. aa1 iu harmony wih the motives Of onr as'i19as. taa. we should present 10 tbe world ihe
 -r 'ieeteg.1 -f E7czt rrpattc. possessag YRS, re- r4aa fa ca f4-'. Fs s.. -ss 4-..
 ais sa4ll a-- s,il more 70 csr strength, and sive '' o'a sii 1sa.e eesa.n1a Ing Positioa among the 12iioas lf -ae edrta-
 ihe Pat|ic expenditures should be ecoaoYaic icsl, I1- 6f eoata-a O. such ob eeis are clearly wlfaia hf flv af loa-r7ss Al sach as are aoi A5so- '''fy oe'.-s>ea- sAepi5 bc postponed; the payment o ih= gpse lr5t, a; tbe earliest praetieah7e period. saepio o- 7aT-.as principle of our pnbiic policy.
 iof ine rr-soa asslEae5 in Dg last annaal mas s-~ repeat fiY recotl n3ation, thai brssch of Us Bil ot lile 8i;ee States be established al the t+s o- lev 9rk. IAs importance e thiz meas a7s s greatly increased by the acquisition of the Iita ii1aes ci pre,ssas metals. B New Mexjco and Og.ie-n.a. per ally 'sc latter
 l'e'r-i tae recommendation. heretofore made in .'of a. laf gro4u2tiaa ana reauc.ioB n the price 'a- o ih= pab}- lands. as have been !sng offered - ''t 1arsei and have remained unsold. aad ia
 N0 a e1ta1.ag tae rights of prs-euptioR to '-'a- '-.i.rfs e- tsv ussurveye5, as well as the
 
 !at esa .IHaa and opcra'i9..s of tse army, and
 f ''si- o 'te vtber branches uHacr supe-sisisa sf =. ~-' cfFs-'u"nt aFe satisfactorily prc4suie6 in 'T a, aio97hI4ag rePart Of tire Secretary ct War.
 -t .a- ft.7rl gi F,rs-e oHr soreeK were witAarswn
 'i"A..o a4- ths vQ'uEise-s. and that portion
 -s s7s3'si arinl engaged fog itis gar, were dis- -''@-- ''l-'s have bsea lssEe5 fer sta;ioning the 0't' c' scf i'1r1aaVcsi establishment at various
 1s 'A oaf rsien3ec country, where troops rnaE
 '11. 7l- p2iag 10 the reTBoiei4css ef soiae sf
 Fss-7hs iae ars8raments have aot yet reached
 l -"'lla, 'H. hetHtt.ial4s8fAs tss limits of our .t2'F aa1 Rhe E~w territories, t IF confidently "l '.a' ear prrscat military estuhl lslsu,essi s .. -.'' l'' a eE geacies, % ieng Ss ear peaceful '14..oas reiIl1in au-is.uT5ed
 --- -no0ui et military contributions culieeted a''i7o, uss su'n of 1e9 $50 dollars gras a,Elied -s -a- paymeHt ef the first iastainaent doe --. a- traiy vitI &e1ic0 T'lae further sum Of - '' aas haeu pad to tbe Treasury, an un- '@.-ocs stli rcfaalnsng ia the han5s uf 1s 'iieers and 1bosr ~ho were enraged in i'4 2' ihose monies. After tbe procla- -1 e' ?~a"s, 10 farther dlslsareels -u,s were SE e7=Ef'snlso mgney .cisiag from tb.s ,. -~ a--4Aecs oH hand were ci ecf=a ts be -.- '-'' -i4 lre2sary. aad iaGiyldud claims VIII