Arkansas true Democrat., 1857-12-15
Important from ashington-President'
 Message

Washington, Dec S.-The President says that owing to the late and present monetary de- engagement ot the country, government loan may be required before the close of the present session. That the financial history of the last forty years has been one of very eXtravagant expaiision in business, and followed by ruinons contractions. That the federal governn ent ca mot do much to provide against a recurrence of the existing evils. That we must rely mainly on the patriotism and wisdom of the States, which should afford a real specie basis for our circulation, and recommends the passage of bankrupt laws, which will be applicable to all banking institutions Ill the country.
 As Great Britain and the United States un- derstand the Clayton and Bulwer treaty in a sense directly opposite, he says that the wisest course Is to abrogate 1t by mutual consent, and to commence new ovcrtures for an amicabe ad- : jusment, recently made by the British govern ment in friendly spirit, which he (the Presi dent) cordially reclprocates. With all other governments, except Spain, our relations are as peaceful as we could desire It Is the Presi- dents purpose to send out minister with spe- ca instructions on all questions pending be- tween the two governments, and with the de :. termination to have them speedily and amicably adjusted If possible. While our minister 10 d position in regard to the hostilities existing at Canton, he will cordially co operate with the British and French ministers in all peaceful measures to secure by treaty stipulations and those ust concessions to commerce which the nations of the world have a right to except. and which China cannot be permitted to withhold
 Our difficulties with New Granada are, it is to be hoped, in fair train for settlement, in a manner just and honorable to both parties: that the United StcteS are more deeply interested than any other nation, In preserving the free dom and security of all the communications across the lstbmus, Central America includiny Panama. lie recommends the passage of an act authorizing the President in case of neces- sty to employ land and naval forces to carry into effect thls guarantee of neutrality and also some similar legislation for the security of any other route across the lsthmus in which we may acquire an interest by treaty.
 The President condemns any lawless expe- ditions fitted out against Independent Republics on this continent and comments the whole suo. ject to the serious attention of Congress, believ- | ing our duty and our interest as we'll as our national character require that we adopt such measures as will be effectual in restraining our citizens from committing such outrages. KANsAs.--The President says that the Kan sas Constitutional Convention was not bound bv the Kansas Nebraska act to submit any other portion of the Constitution to an election, than which relates 10 the domestic institution of slavery. That an election will be held under
 legislative authority, and if any portion of the Inhabitants refuse to vote after having fair op- portunity to do SO that this will be their own voluntary act, and that they alone will be re. sponslble for the consequence.
 | n,1
 UUTH.-The President says that the rebel
 lion Ill Utah Is the first which has ever existed Ill our Territories, and that humanity requires that It should be put down in such manner as shall prove to be the best. That in order to do this eifectnally, it will be necessary to raise four additional regiments of U. S. troops.
 lie also recommends the establishment of a Territorial government for Arizonia; and com mends to the friendly consideration of Congress the subject of the Pacific railroad without finally committing himself to any particular route
 lie calls special attention to the recommen- dation of the Secretary of the Navy in favor of constructing ten small steamers of light draught The President refers to other subjects of national importance.
 The President says, in referring to the finan- ciai crisis, if the facilities of we'll regulated banks cannot be enjoyed without calamities occurring like the present, which the banks have hitherto afflicted, it would be better to deprive the banks altogether of the power to issue pa- per currency-confining them entirely to func- tionsNof discount and deposits.
 PUBLIC LANDs-He thinks that the public lands should be disposed of to hardy, indepen dent and industrious citizens who are desirous of cultivating the soil, instead of souanderino lands upon objects of questionable constitution. alty; he believes it to be most important trust. and deprecates speculation and recommends that surveys should only be made as fast as emigration demands, and says that if Congress only grants alternate sections to States or com- panles, other sections should be retained for ac. tual settlers at moderate price. He condemns making presents to the Indians, and much pre. iers colonizing and educating them in habits of industry.
 He also says that the late financial reyulsion will be beneficial if it shall cause the return of public and private economy-deprecates the fact that the most important bills are crowded into Congress at the last moment of the session and determines to approve of no bill unless time IS afforded for examination and asks Con- gress to exempt the President, two days prior to adjournment, from the reception of any Con- gress business for approval.