The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1862-12-05
PRESIDENTS MESSAGE.

PRESIDENTS MESSAGE.
The late hour at which the Message was
received, and the early hour at which we go
to press. forbid our laying anything bt an
abstract before our readers this week. The
President commences by reviewing our
FOREIGN RELATIONS.
"If the conditions of our relations with
other nations is less gratifying than it has
usually been at former periods, it is certainly
more satisfactory than nation so unhappily
distracted as we are might reasonably have
apprehended Our struggle has been, of
course, contemplated by foreign nations with
reference less to its own merits than to its
supposed and often exaggerated effects, and
the consequences resulting to those nations
themselves. Nevertheless, complaint on the
part of this government, even if it were just
would be unwise.
The treaty with Great Britain for the sup
preston of the African slave trade has been
put into operation with good prospect of
complete success. 1t is an occasion OF
especial pleasure to acknowledge that the
execution of it on the part OF Her Majesty's
Government has been marked with jealous
respect for the authority of the United States
and the rights OF their moral and loya!
citizens.
Osr relations with Great Britain. France,
Spain, Portugal, Russia, Prussia Denmark,
Sweden and Austria, the Netherlands, Italy
and some of the other European States, re-
main undisturbed. Very favorable relations
also continue to be maintained with Turkey,
Morocco, China and JAPAN
On the subject of colonization the message
is quite brief. The President says: Appli-
cations have been u.ade to NE by many free
Americans of African descent to favor theif
emigration with view to such colonization
as was contemplated in recent acts of Con-
gress. Other parties at home and abroad
have suggested simila. measures, while, on
the other hand, several of the Spanish Amer
lean Republics, have protested against the
sending of such colonies to their respective
territories. Under these circumstances |
have declined to move any such colony to
any such State without first obtaining the
consent of the Government, with all agree
ment on its part to receive and protect such
emigrants in all their rights of freemen.-
And have at the same time offered to the
several states situated in the tropics, or hav-
ing colonies there, to negotiate with them.
subject to the advice and consent of the Sen
ate, to favor the voluntary emigration of per
sons of that class to their respective terrific
ries, upon conditions which shall be equal,
just and humane
The President has favored the project Of
connecting the United States with Europe
by an international telegraph says that the
I territories with few exceptions have remained
undislurbed BY the civil war and that some
of them soon will be in condition to be ad-
mitted as states into the Mon.
THE NATIONAL FINANCES
Are discussed at great length in the Message
in all their bearings. The President believes
that the issuing Of United States Notes was
IA necessity demanded by the increased ex-
penses of the government. In no other way
could the payment of the troops and the sat,
isfaction of other Just demands be SO eco
nomicailv or as well provided for. \ return
to specie payments, however. at the earliest
period compatible with due regard to all in
lercstS, is recommended.
In speaking of a safe and uniform currency
the President says: 81 know of no mode
which promises So certain results, and at the
same time 50 unohjectionable, as the organi-
zation of banking associations under gene
raj act Of Congress. we'll guarded in its provis-
ions. TO such associations the government,
might furnish circulating notes on the securi.
y of United States bonds deposited in the
Treasury. These notes. prepared under the
supervision Of proper officers, being uniform
in appearance and security and convertible
always into coin, would at once protect labor
against the evils of vicious currency and
facilitate commerce by cheap and safe ex
, change"
The receipts into the Treasury for the fsca
: GEAR ending on the 30th of June. 1862, were
$5S3, SS5.247, and the disbursements for the
same period were O,S4l, 100 %, and leav
: ing balance in the Treasury on the 1st day
Of July, of Sl3O43.5I6..5.
The figures show a decided improvement
in the financial condition Of the Post OfFic.
: Department as compared with several pre-
: ceding years.
The Message fills three and half column:
in the Boston Journal. Two columns are
taken up in considering the Compensated
Emancipation Proclamation " issued OF the
22d of last September. This part of the
Message We shall publish in full next week.