Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-12-09
PRESIDENTS MESSAGE.

ldent BUCHANAN's first annual Message, submitted
to Congress on yesterday. This meagre synopsis
must suffice until the Message itself is received
when we shall lay it entire before our readers.
WASHINGTON, Dec. S.-The President in his
message, says that owing to the monetary derange-
ment of the country, government loan may be re-
quired before the close Of the present session. The
financial history Of the last forty years of
traYagant expansions in business followed by ruin
do much to provide against recurrence of existing
evils, We must rely mainly on the patriotism and
wisdom Of the States which should afford a real
specie basis for our circulation.
He recommends the passage Of a bankrupt law, ap-
Plieable to all the banking institutions in the coun-
try.
As Great Britain and the United States under
stand the Clayton and BulWer Treaty in sense di-
rectly opposite he says the wsest course is to abro-
gate it by mutual consent, and commence anew
0vertures for adjustment have been recently made
by the British Government in friendly spirit, which
the President cordially reciprocates.
With all other Governments except Spain, our
relations are as peaceful could wish, and it is
the Presidents purpose TO send out Minister with
special instructions all questions pending between
the two Governments, with the determination to
have them speedily and amicably adjusted if pos
sible
While our Minister to China has been instructed
to occupy neutral position in regard to the exist
ing hOstilites at Canton. He will cordially cooperate
with the British and French Ministers in all peace
full measures to secure by treaty stpuatons, those
just concessions to commerce, which the Nations of
the world have Alright to expect, and which China
cannot be permitted TO withhold.
Our difficulties with New Granada are, it is to be
hoped, in 3 fair train of settlement, in a manner
just and honorable to both parties. The United
States is more deeply interested than any other
ton, 10 preserving the freedom and security of all
the communications across the lsthinus Of Central
America, inc luding Panama. The President recon-
mends the passage Of act authorizing the Presi-
dent in Of necessity, TO employ land and naval
forces to carry into effect this guarantee of neutral
ity and also similar legislation for the security of
any other route across the Isthmus, in which we
may acquire an interest by treaty.
The President condemns lawless expeditions fitted
out against an Independent Republic this cOnti-
nent. He commends the whole subject to the Sc
rous attention of Congress, believing that our duty
and interest as well as our National character re-
quire that should adopt such measures as will be
efectual in restraining our citizens from committing
such outrages.
The President says that the Kansas Constitution
al Convention was not bound by the Kansas-Nebras
ks act, TO submit any other portion Of the COnstitu
ton to election except that which relates TO the DO
mestic institution Of slavery. The election will be
held under legitimate authority, and if any portion
of the inhabitants refuse to vote, fair opportunity
TO do so having been presented, this will be their
own voluntary act, and they alone will be response
BILE for the consequences.
The President says the rebellion in Utah, is the
first which has existed in our territories, and hu
msnity requires that it should be put down in such
as it shall be best. In order TO do this it
will be necessary to raise four additional regiments
of troops
He recommends the establishment of Territorial
Government for ArazOnia, and commends to the
friendly consideration Of Congress the subject Of
the Pacific Railroad, without finally committing him
self to any particular route.
He calls especial attention to the recommendation
Of the Secretary Of the Navy in favor Of construct
ing ten small steamers of hght-draught
The President also refers TO other subjects CT Ma
tional Importance
HoUsE.-A spirited debate occurred on the pro-
ceedings Of the for the nomination of Pub
lie Printer.
Continuation from Presidents Message
WASHINGTON, Dec. SIN referring to the fnan-
cial crisis the President says, if the facilities of
well regulated banks cannot be employed without
the calsmiGes which excess of banks have hith
erto inflicted upon us, 1t would better to deprive the
banks altogether of the power TO issue paper
rency, continuing them TO their functions OF discount
and deposite.
He says the public lands should be disposed Of
for homes for the hardy, independent and indus
trOus citizens DESTROYS of cultivatlng the soil, in
preference to squandering it upon objects of ques
tiO1able constitutionality, violating the most in
portant trust.
He deprecates speculation and recommends sur
veys, only as fast as emigration demands it. He
says Congress grants alternate sections States
companies, the other sections should be retained
for actual settlers at a moderate price.
he condemns the making of presents to Indians,
preferring cOlOnizing and educating them in habits
Of Industry
He says the late financial revolutions will be ben
ehcial, if it shall cause public and private economy.
He deprecates Congress crowdng the most impor-
bills into the last moment of the session. and
he determines to approve Of bill, unless time is
afforded for examination. He asks Congress TO ex-
empt the President for days prior the adjourn
ment of Congress- from the reception of any act of
Congress for 5provaL
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