Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1857-12-18

su iienlv abDliS1 ID with mt muc1 I'm NJ.
late injury to tn cbuntry. II sc could
conhne them to their appropri,t" sphere,
AMI prevent them from administering 10
the spirit of wild ami reckless sp"cul,tion
by extravigint lotns AMI isshes, thev
might be continued with advantage to the
public.
But this SAY. after long and much re
fiction exa'rlence shall prove it to ha
impossible to enjoy the facilities which wcll
regulated banks might aft ,rd, without ~
same time suffering the chlam!tes whirhtbe
excesses Of the banks have hitl erto inf
ed upon the cnun ry, it would then he tar
tho lesser evil 20 DEF rive them altogothe
Of the power tn issue p,per currency and
cInhne them to the functions OF banks oi
deposits and discount.
Our relations with foreign governments
are. upon the whole, in a satisfactory con
ditiOn.
The diplomatic difficulties which existed
between the government Of the United
States and that Of Great Britain at the ad-
jburnment of the last c ngress have been
happily terminated by the appointment of
British Minister to this country, who has
been cordially received.
Whilst it is greatly to the interest. as
am convinced It is the SINCERE desire, uf the
governments and people Of the two cnun-
tries TO he on terms Of intimate friendship
with each other, it has been our misfOr-
tune almost always to have had some irrl-
tating, if not dangerous, outstanding ques-
tiOn with Great Britain
Since the origin of the government we
have been employed in negotiating treaties
with that Power. .& afterwards In discussing
their true intent and meaning. In this RS
pect the convention OF April 10, 1850. com
monty ca led the Clayton and Bulwer trei-
ty has be- n the most unfortunate of all
because the two governments plic directly
opposite and Contradictory constructions
upon Its first and most important article.
Whilst, in the United States, we believed
that this treaty would place both Powers
| upon An exact equality, by the stipulation
that neither will ever 9 occupy, or furtlfy,
OF colonze or assume or exercise any do
Hlnion' over, any part of Central Ameri.
Ca it is cOntenIed by the British govern.
ment that the true construction Of this
Language has left them in the -ightlu pos
session of all that portion of Central Amer
ica which was in their occupancy at the
date of the treaty in tact that the treaty
is virtual recogritiOn on the part OF the
United States Of the right of Great Britain,
either az owner OF protector, to the whole
extensive coast OF Central America. sw ep-
IN, rom frnm rho Ria Un,In m the n,rt
and harh r or SIN J,.n d.. N,r,r,,,u,
t,o.tb.r with the ,d;,cent Raw Isl,nd.
e.ren, the comnar,tiv.lv sma nort,on nj
This betwe.n the S,rst,on end G me II M
dur,s Ac c.ord,np to their c,ustructinn.
tn. ,rea,, dues no more than ,inIl ly prohi-
bit tn IN from extending their possessions in
Central Amrric beyond the present limits
II Is not too much To assert, thtt II In th"
United States the treaty had hern consider
ed susc' ptlble OF such construction, 1t
never would nave been negotiated under the
authority OF the PRESIDENT, nor Wuulu III
have received the appreciation OF the
Stnt'e.
Inc urlverSal conviction n the United
States was, that when our government con
sented to violate Its traditional and TIM"
honored policy, and tiPultte with Tor
elgn governm mt never to occupy or acquire
territory In the Central American Lnrtlon
ot our own continent, the consideration
Tor TINS sacr'hce was tn Great Britain
sloulc, In tins respect at l'ast, be placed
IN the sans position with ourselves
mist we nave no riSnt To doupf the SIN
cerlty of the Britlsh Gjv rnment In their
construction oil the treaty. 1t IS at the
same time my deiloer' 'te conviction th't
'''S - ~ 'PP09'''0" o'H w
Its letter ana lts spirit
Under the late administration negota-
',. '.o"' g. ,ta ,n.r"a ;r rsD;hto s"I "o
80. ,,'oao d;H'.,,iit;o ,.,,. ,
,na a. H,nd,hIs Nh; -, IN ,iow rss
~, - - I-,h na,,.h.
| Issr .i .,,I',,a ,t p.';l
~. ,hn 6 I,-',y IotL", a.
.o,nn.. obs Wno,her ,h;s ,ras,r oi,hor !,
ar a,n,',n5 f'rn ',it -.
.oonnasi ~. ',h.d ,ha oh;,ct nt,ni,I ,ri,h on,
,,ir,na Nth ~ nav ,nI ernh,rr,ssin, c,,n,
,hc,I,ons het,y"sn tho txn q ,varn,nsnrs
p,T i",n r'srh,ns hs ,,aI, onss,i oaI o1r,,in
i, phowirsr ,b,, !, ras mazda ,nnc,
Las nb;,o,;an,Ma hn 49, ,;g.ron,
@ a,r.,y,,. na%. 70 :, ny .bo Sen.,a
Tha ,r.,,,v as a,nent.G w,s r,t'G,d h,
ma IN ,he In nj March I857 anI was
,rsns,n;,,ed ,o Irntnn rnr r,,,6n,,i,n hy