The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1854-12-14
two Dollars per AnnuA
NUMBER AZ |:

T. i u. ( r
lsise and insulting department towards lhe
United States. The ttCaynen al length fifed
! uponthe town. Before much ibjaIy had
been done, :he fire was twice suspend ed,
in order 10 afford opportunity Tor an arrange
ment but this was declined. Most Of the
buildings Of The place. Of lluie value senef-
ly, were, in The sequel destroyed, but ow-
ing 10 the considefate. precautions taken by
our naval Commander, there was no destruc.
iition Of life.
When the 'Cayne was ordered toc Cen
tral America,i il was confidently hoped and
expected tha, no occasion would arise for
"a resort 10 violence and destruction of
properly andsloss of liie.n Instructions 10
that effect weFs given 10 her commander.
And no extreme aG, would have been rsqni-
sile had notlhs people themselves, BY the.r
extraordinary conduct in the affair, ffuslfa-
ted oil the possible measures for obtaining
satisfaction. A withdrawal from the place,
the objecs Of bis visit entirely defeated,
would, underline circumstances In which
The commanded Of the cysne found him
self, have been the absolute abandonment
of all claim Of our citizens for indemniliea-
ton and submissive acqulescenoe in nation
al indigniiy. Il world have encouraged in
these lawless men spirit of insoience and
rapine most dangerous 10 the lives and
properly Of our citizens at Pnnta Arenas,
and probably emboldened Them 10 grasp al
the treasures and valuable merchandise
continually paskipgse over the Nicaragua
route. sltcerit'aly would have beer most
satisfactory 10 mo II The objects, of The
icy yanesn mission could have been con-
sumaied without any act Of public force;
but The arrogant couiamscy Of ihs offenders
rendered it impossible 10 void, he siieraa-
live, eitherto break up theif establishment
or TO leave them impressed with the idea
ihey might persevers with impunity in
career Of insoenco and plduder,
This transaction has been The subject OF
complaint on the part of some foreign pow
ers, and has been characterized with mora
Of harshness than of justice. II compari-
sons were TO be instituted, il would be
difficult 10 present repeated instances in the
history of the States, standing in the very
front of modern civilization, where commu-
mites, far less offending aid more defence
less than Grsylown, have been chasiised
with much greater severity, and where not
cities oaiy have been laid in ruins, but
hrman life has been recklessly sacrificed,
and the blood of the innocent made pIefuse.
ly 10 mirgle with that oil the guilty.
Passing from foreign 10 domestic affairs,
your attention is naturally directed 10 the
financial condition Of the country, always
subject Of general interest. For complete
and exact lnformation regarding the finau.
ces. and the various branches OF the public
service connected Herewith, refer you to
the report Of the Secretary Of the Treasurey,
from which ii will appear that the amouny,-
Of revenue during The last fiscal year, from
all sources, was seventy-tiIree million five
hundred and foriy-nine thonsahd Seven-.
hundred and FIVE dollars: aud that the pub =
lie expenditures for the same period exclu-
siye of payments on account Of the public
debt, amounted TO ff'Y one million eighteen
thousand Two hundred and iorly-nine dol
lars. Daring the sarn5 period, the payments
made in redemp lion of The public debt, in,-
GLIDING interest and premium, amounted 10
twenty -four million three hundred and
thiriy-six thousand three hundred andl,
eighty dollars.
To the sum total of the receipts OF that
year is 10 be added balance remaining in
the Treasury at the commencement thereof,
amounting 10 tweniy.one million nine hun
dred and iortY-two thousand eight hundred
ard nineIy-two dollars and ai.the close OF
the same year, corresponding balance a.
mounting 10 twenty million Que hundred
and thiry-seven thousand nine hundred and
sixty-seven dollars of receipts above ex-
penditures, also remaining in the Trsastry.
Although, in the opinion of iSe Secretary OF
The Treasury, the receipts OF the Current
fiscal yeai are not likely 10 equal in amount
those of the last YET they will undoubtedly
exceed the amount OF expenditures by al
least fifteen millior OF dollars j shall,
therefore, continue 10 direct that the surplus
revenue be applied, SO far as il can be ju-.
diciousIy and economically doqanlo the re-
duclion Of the public debt, II mount OF
which at the commencemenl q He last fis-
cal year, was sixty-seven million three hun
dred and forty thousand six hundred and
twenty eight dollars of which there had
been paid on The twentieth day of Novem.
ber, 1854, the sum of tweLy.two million
three hundred and siSiy-fve thousand one
hundred and seventy-two dollars leav wing q
balance of outstanding public debt Of only
forty -four million nine hundred and seventy
five thousand four hundred and fifiy-six
dollars, redeemable al different periods
within fourteen years. There are also rem
nan,s of other government stocks, most Of
which are already due, and on which the
interest has ceased, but which have no, yel
been presented for payment amounting 10
two hundred and thiriy-three fhousand one
hundred and seyenly.nine dollars.
This statement exhibits the fact that me
annual income Of the government gtoafly
exceeds The amount of is pubic debt,
which LATER remains unpaid, only because