Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1850-01-03


tees the perfect neutrality of the 18TH
mus, and the rights of the sovereignty
and property ofNew Grenada over that
Territory, with view that the free
transit from ocean TO ocean, may no,
be interrupted or embarrassed during
the existence of the treaty. 1t is our
policy to encourage every practicable
route across the Isthmus which con.
meets North or South America, either
by Railroad or canal, which the ener-
gy or enterprise Of our citizens may
induce them to complete. and consider
it obligatory upon me to adopt tina,
policy especially in consequence Of the
absolute necessity of facilitating inter-
course with our possessions on the Pa
ci6c.
The position of the Sandwich Islands
with reference to the Pacific, the sue.
cess of our persevering and benevolent
citizens who have repaired TO that re,
mote quarter, in outstanding the ma.
tives, inducing them to adopt system
Of government and laws suited TO their
capacity and wants, and the use made
by our numerous. ships ofthe har.
bors of the Islands, as places Of resort or
for obtaining refreshments and repairs,
all combine to render their destiny Pc
culiarly interesting US. tits our duty
to encourage the authorities of these
Islands intheir efforts to improve an d
elevate the moral and political condition
of the inhabitants, and we should make
reasonable allowances for the Difficult.
ties inseparable from this task. We
desire that the Islands may maintain
their independence, and tina, other ma
lions should concur with US in this sen.
timent-and could in no event, be in.
different to their passing under the do.
minion Of any other Power. The prin.
cipal commercial States have in this @
common interest, and it is TO DO hoped
that no one of them will attempt to in.
terpose obstacles TO the entire indepen.
dence of the Islands.
The receipts into the Treasury for
the fiscal year ending on the Both Of
June last were in cash, S4S,s3O,O0 so
and in Treasury notes funded, slO,s33.-
900, making an aggregate Of $4,000,
o97 so; and the expenditures for the
same time were, in cash, $40, 79s, 667 81
and in Treasury notes funded, SlO,s33
00o-making On aggregate of S57,6sl,
OCT 50.
The accounts and estimates which
will be submitted TO Congress in the
report of the Treasury, show that there
will probably be deficit, occasioned
by the expenses of the Mexican WaI
and Treaty, on the first day of Jul,
next, of s5,s2s,l2l &C; and on the frs
of July, 1851, of SlO,547092 73-
making, in the whole, probable defici
to be provided for of $l6,356,2l4 80
The extraordinary expenses of the wal
with Mexico, and the purchase of Cali
fornia and New Mexico. exceed the
amount of this deficit, together with the
loans heretofore made for those objects
], therefore, Recommend that authori,,
be given to borrow whatever sum ma,
be necessary 10 cover that deficit.
recommend the observance ofstric
economy in the appropriation and ex
penditure of the public money.
l recommend revision of the exist,
ing tariff, and its adjustment on a basi.
which may augment the revenue. Idc
not doubt the right or duty ofCongress
to encourage domestic industry, which
is the great source of national, as wei
as individual wealth and prosperity.
look to the wisdom and patriotism Of
Congress, for the adoption of a system
which may place home labor a, least
on sure and permanent footing, and
by due encouragement of manufactures
give new and increased stimulus to az
riculture, and prom ole the development
of our vast resources and the extension
of our commerce. Believing that to
the attainment of these ends as well as
the necessary augmentation Of the rev.
enue, and the prevention Of frauds q
system of specific duties are best
adapted, strongly recommend to
Congress the adoption of that system,
Eyi tho .l,,I;aa