Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-12-09
BY TELEGRAPH.
BY THE NATIONAL LINE.
Reports Furnished by the Associated Press.l
ABSTRACT OF THE PRESIDENTS MESSAGE.

q
required before the close Of the present session.
The financial history of the last forty years is
of extravagant expansions in business, followed by
ruinous contractious. The Federal Government |
| cannot do much to provide against recurrence
of existing evils. We must rely mainly the |
patriotism and wisdom of the States, which should
afford a real specie basis for our circulation. He
recommends the passage of bankrupt law, appIi-
cable TO all the banking Institutions in the coun-
try.
As Britain and the United States understand the
Clayton and BuweF treaty, In sense directly OPP
posite he says the wisest is to abrogate it
| by mutual consent and commence anew. Over.
lures 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 as we could wish
and it is the Presidents purpose to send out a
minister with special instructions on all questions
pending between the two Governments, with the
determination to have them speedily and amicably
adjusted If possible.
While our minister to China has been nstruc-
ted to occupy a neutral position in regard to the
existing hostities at Canton, he will cordially
Cooperate with the British and French Ministers
in all peaceful measures to secure by treaty stpu-
ations those just concessions to commerce, which
the Nations of the World have right to expect
and which China cannot be permitted to withhold.
Our difficulties with New Granada are, it is to be
hoped in a fair train of settlement in manner
Just and honorable to both parties. The United
States is more deeply interested than any other
nation in preserving the freedom and security of
all the communications across the Isthmus of Cen
trail America, including Panama. The President
recommends the passage of an act authorizing the
President in OF necessity to employ land and
naval forces to carry into effect this guarantee of
neutrality and also similar legislation for the secu-
rity OF any other route across the Isthmus in which
we may acquire interest by treaty. The Presi-
dent condemns Iawless expeditions fitted out
against an independent Republic on this Continent
He commends the whole subject to the serious at
tention OF Congress, believing that our duty and
interest as well as National character requires
: that we should adopt such measures as will be eff
fectual in restraining citizens from committing
: such outrages.
Y The President says that the Kansas Constitution
al Convention not bound by the Kansas-Ne-
braska act to submit any other portion of the Con-
g stitution to election, except that which relates to
Z !
will be held under legitimate authority, and if any
portion of the Inhabitants refuse to vote, fair OPP
portunity to 10 so, having been presented, this will
be their own voluntary act, and they alone will be
responsible for the consequences.
The President says the rebellion in Utah is the
first which has existed in our Territories, and hu.
manity requires that itshould be put down in such
manner 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 Arlzonis and cOmmends
to the friendly consideration of Congress- the sub
ject of the Pacific Railroad, without finally commit
ting himself to any particular route. He calls es
pecial attention to the recommendation of the Sec
rotary of the Navy in favor of constructing ter
small steamers of light draught.
The President also refers to other subjects of Ma
= tional importance.
HoUsE.-A spirited debate occurred on the pro
ceeding of the caucus for the nomination of Publi
OF Printers
b. CONTINUATION FROM PRESIDENTS MESSAGE.
/. In referring to the financial crisis the Presider
in says if the facilities of well regulated banks canno
BE- enjoyed without the calamties which an exces
- of banks have hitherto inflicted upon US, it woul
power to issue paper currency combining them t
their functions of discount and deposit
He says the Public lands should be disposed
or for homes for hardy, independent and ndustriou
citizens, DESTROYS of cuvatiug the soil, in prefer
ence to squanderingi it upon objects of questionabI
constitutonaIity, violating the important trus
He deprecates speculation and recommends sui
veys only as fast as emigration demands it. Il
ed says Congress grants alternate sections to State
o, companies the other sections, SHOULD be retaine
for actual settlers at moderate price.
nd He condemns the making OF presents TO the Il
dams, preferring coIonizing and educating them
habits Of industry.
at He say the late financial resolution will be BEN
fetal if it shall public and private cconom.
: He deprecates Congress growing the most il
portant bills into the last moment of the session
at and he determines to approve of bill uni tim
"a is afforded for its examination.
He asks Congress to exempt the President for tw
~ days prior to the adjournment of Congress, fro
the reception OF any act of Congress for approve
=, HOUSE There was considerable discussion rel
ry tive to the Public Printer, during which ClemeI
charged that person, whose name he decline
giving, endeavored to procure his vote for Wende
!
va. for the appointment of Committee examine Il
subject of public Printing and postpone the ele
ton of Printer. Clingman preferred to appoint
r Printer and then investigate the subject. I'll
Presidents message coming in interrupted the d
bate. Afterwards Bocock asked for the election
We Printer. Grow wished the enormous expenditure
for books stopped. Without concluding the Ho u
Journed.
SESATE-Douglas expressed himself favorab
fer t. all the message except that which relates
lS Kansas and the Lecomplon convention.
NEW YoRK Dec s.-Cotton declined I; uplAn,
Il; Flour firm; Wheat ! goal 27; Corn declining
- Chicago beef Has; Lt-d advanced /; Coffee he
W. Liuseed oil SO 454c; Iron 20; Tallow los; Ril
advanced.
> CINCISSATI. Dec. S-Whisky l6I, Olt- 2sa2
Wheat 1885; Barly 5000; Hogs so 004S5 81
Mess Pork SIS 95lsl3 so.
NEw YoRK, Dec. THE aggregate amount
specie in the banks is twenty Elk millions Of do
lars.
., NEw ORLEANs, Dec. Cotton, sales 4, 90
| baes-mOstly before the Balsic's news was receive
prices favor buyers; Middling l0E; Sugar 4 {
81; Molasses 10; other artiel unchanged
PAPER HANGING.
. IL kinds OF Plain AID Decorative Paper Haagiu
- Il done ia the best manner ant the prices