The Kanzas news., 1858-01-02


of wild and reckless speculations by extrav-
agant loans and issues, they might be con-
tinued with advantage to the public; but
this ! say, after long and much reflection, If
lexperience shall prove it to be impossible
to enjoy the facilities which well regulated
banks might afford, without at the same
time suffering the calamities which the ex-
lcesses of the banks have hitherto inflicted
on the country, it will then be far the lesser
evil to deprive them altogether of the power
to issue paper currency, and confne them
to the functions of banks of deposit.
Our relations with foreign governments
are on the whole in satisfactory condition
The diplomatic difficulties which existed be-
tween the Government of the United States
and Great Britain at the adjournment of the
last Congress, have been happily terminated
by the appointment of British minister TO
this country, who has been cordially received.
! The President, whilst saying we have no
right to doubt the sincerity of the British
Government In their construction of the
Clayton -Bulwer treaty, at the same time ex-
ipresses his deliberate conviction that this
construction is in opposition both to its let
ter and its spirit. The fact is, that when
two nations like Great Britain and the Uni
ted States, mutually desirous of maintain
ing the most friendly relations with each
other, have unfortunately concluded a treaty
which they understand in senses directly
opposite, the wisest course is to abrogate
such treaty by mutual consent, and com
mence anew. Had this been done prompt
ly, all difficulties in Central America would
4 most probably ere this have been adjusted to
the satisfaction of both parties. Whilst
entertaining these sentiments, shall never
| theless not refuse to contribute to any rea-
sonable adjustment of the Central Ameri-
can question, which is not practically in
consistent with the common Interpretation
of the treaty. Overtures for this purpose
have been recently made by the British Gov
ernment, in friendly spirit, which cor
daily reciprocate; but whether this renew
ed effort will result In success, am not pre-
pared to express an opinion. A brief pc
riod will determine.
With France our ancient relations of
friendship still continue to exist. The
French Government has in several instan-
ces which need not be enumerated, evinced
a spirit of good will and kindness towards
our country, which heartily reciprocate.
1t is, Notwithstanding, much to be regretted
that nations whose productions are of such
a character as to invite the most extensive
exchanges and free commercial intercourse,
should continue to enforce ancient and OBJ
solete restrictions of trade against each 9TH
er Our commercial treaty with France is
| les with ali commercial nations. 1t Jealous
| ly levies discriminating duties both in ton
mage and on articles, the growth. produce,
or manufacture of the one country when ar
irving in vessels belonging to the other.
With all other European governments ex-
cept that of Spain, our relations are as peace
full as we could desire. regret to say that
no progress whatever has been made since
the adjournment of Congress towards the
settlement of any of the numerous claims
of our citizens against the Spanish Govern
lment; besides. the outrage committed on
our flag by the Spanish war frigate on the
high seas off the coast of Cuba, in March,
4 1855, by firing into the American mail steam
ler Eldorado, and detaining and searching
her, remains unacknowledgeda and unredress-
ed. The general tone and temper of the
i Spanish Government towards the United
States is much to be regretted. Our present
Envoy Extraordinary and Minister Plenipo-
ttentiary to Madrid has asked to be recalled,
and my purpose is to send out new Minis
ter to Spain, with special instructions on all
questions pending between the two govern
} ments, and determination to have them
speedily and amicably adjusted, if this be
possible.
With regard to the China Mission, the
| President says: Whilst our Minister has
! been instructed to occupy a neutral position
in reference to the existing hostilities at Can
ton, he will cordially cooperate with the
; British and French Ministers in all peaceful
measures to secure by treaty stipulations
those Just concessions to commerce which
| the nations of the world have the right to
t expect. entertain no doubt that the three
1 Ministers will act in harmonious concert to
obtain similar commercial treaties for each
of the the Powers they represent OuI
s difficulties with New Grenada, which short
time since bore so threatening an aspect, are,
b iit is to be hoped, on fair train of settle
2 ment, in a manner just and honorable tc
: both parties. With respect to the Isthmu:
e of Panama, he recommends to Congress the
: passing of an act authorizing the President
in case of necessity, to employ the land and
5 naval forces of the United States to carry
: into effect the guarantee of neutrality and
protection. Also recommends similar leg
islation for the security of any other rout'
e across the Isthmus In which we may ac
Y quire an interest by treaty.
: Respecting the Walker Expedition to Nj
: caragua, he says such enterprises can do NJ
: possible good to the country, but have al
e ready inflicted much injury both to its in
Il terests and its character. I commend tn
. whole subject to the serious attention of Con
A gress, believing that our duty and interest
IL, eli al ronIlIrn
e that we should adopt such measures as vii
! be effeetual in restricting our citizens from
!. committing such outrages.
a Citizens of the United States who are es
Q tablished in business in Paraguay, have ha'