Newspapers / The Weekly Raleigh Register … / Dec. 16, 1857, edition 1 / Page 1
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- - . i ' ... i . ....... ! ; !--J i. ' .. ?5Ci-' vCiyS3 k hi i VI'- : i VOL. LV RALKI(H, -rvVEDXESDAYNiORNING DE0EMBEM6, 1857, 4 ft IV mmmmm ME. R.1LE1G11 X. c. r,ufUiiaaM oyer I cf tbe Free- , . . a ...4 C f 4 it de3ar and i - . i t It IS cresseu to s-u.ia cuiors, poim- ( . . ... mar Urn kjr KVn;iav' t ma h aiaideol J dignity attd proprietj. Lj ti fltiu are bUj amjotbed and iron- L J t!n enure g moet cbarmcteruUeallj I t I It r m W Kam V A . ( T frAAA n. j-ca "v (yrted aooej obr reverend propnetie, j of j ars.nt tit the stale and aiutditian of ..... . il.tJldr.rgU.ulM. fVPrrtiJeot ptoi bis Meu-ae hj praise j L A'fi'T Ood for Ula bleuiogs, and an j k aaiMM tbat a loan may b wjnired be- I elo-e of tbe aeton ta keep tbe goy- ' -a-at ebee! moTinf. . Hi itt dxaaatri tbe ettrrenej qoe-t'-ua j iii a I". S. Bank as itnpra:riab!e acbcioe i tUi tke loral banka oaebt ever to bave i j mbii oagai sever so eayej ike toooey, bat a tbej bave j job, we eawH be!o it tow. I .. r . . ' f neat! id ma vWiIm the Lica4 i a wall at we eaa. voder tbe j K ' sf Bstk regime. T-lti. bowere, tbat tbej oagba at all an te ftj epeeie or go int Iitaidatioa blreoojmethij a Baakrapi act j wbieb kn j be compelled to paj or die. f are at peiee wiib all aatieaa, and our wjt rU'iocs are cttUng aloae, prettj hi eoejiiering. Would Tike to make a Wiaat Parana y, u it doe Ml behave l kerear:er, and ailOW tbe a'eamer V a- j a W Wi'eb U gt Bp and down tbe. La Plat'a ! Mevar she pleaaea, Wllhlt let or taoleaU- (Da Kaaau matter. Ilia fixeelleoej ia lit Leeomptoa me a, oat and 00U lie far tkat eoQtitutioa, and tbiaa tbe qne- " slavery ts tbe only en wbieb tbe Free us tmbtto. ask ; to be tubrnTttci to Is people eaae why ! Beesa- if ad- aiui Sute andr this eoosU at ion. will seed two Democrat i Senatora !l'oaresa; if aader tbe Topeka arraagtK m, tbej will tot be Democrats. btfxii Steward aomewbere aaji tbat wbn 1 kart facto i a sJUut rwasoa fox aaj--H, it ia Bnoeeeswarj to seek for another. '.?. tie above is tbe ewiLcieat reaaoa, tbe U tie one specially urged bj tbe I'reaiJeaU ft Is not eomplaio of bit coarse. We ap- -. It ; bat be might bare atated tbe true Keas why Ac and tbe AJaunistra'ion are V. aaek attaebed jaat Mv to tbe Leeompton TV freaident talks well about the Utab xeiaaiioo, and woald like to bave aaibor- f to raise, foar regiments td keep tbe rascals fTiijU. Let Li a bave tbem by all means. Tie PretUent goes' for a Militarj II ail - h4 to Cal:fornia, and ratr favors tbe Jtihera Iloe ; states tbat from tbe Western - cCTexu, 22, to tbe Eastern line of I itLfornLa. doa not erreeJ 470 miles, and j face of tbe coantrj is oa tbe main faror- lie closet, however, bj biating wub kisrutervtie caaUow. tbat be saja ibis "witb- UtSuUf eoamit'icg ntjself to aoj pertica- j 0a tbe subject of tbe Public Lands 'be 'viicat singe bit old aong. In Ait lao rap &rix importance is far greater" (vis ; i ht retenue) as f amiibing homes for a and independent raee of booest and -.-trioes rituens a ho desire to subdue enhif au tbe soil. In ow langnagej 3j embo-ljiog tbe true feelingt of tbe f.-tsiic&l aal bis party, 'their importance arpetter" ia tbe r capaettj to receive oil k t I 1 , fm w f. tbe water, cm oar our shores, of tht tntt LhfratU tftmp, and oat of this precious n to form Pemoeratie States as fast " be to crush sod overwhelm the Amer- f int. " . laa . a TT . - m can not mm m r m a T mm mi 11 F iw- S Cannot aaw mnva at iMeaentL l e VW ! 7 revler to tbe, Message itself . ia this . I'l r.r. . I I aaaw. w a. ' " ' . .. r ... , --,-'-. (lLrBrr.iii..ni.-.v.a irritns.!: r . "a. Coitang was on of tHe ftero eaoi- .via- tU, whof adinistration: Id a ! VC1 bered at Fanu-al Ilall OO tbe27tb4M r v-,H-oer last, be aaje: , . , ' -W"i t'rturve of mjseli; a m.n of Maa- J sW.r.1? lU f'T1 WM mbc? euV ' . T CosMUtatit-n and the laws to ad minis- .i : 1 -. . . ( e Csacutitr rtMsaosl of (hs tielbxi . . . u Jent. A.; thT sere, was another ' , . -:' .t J'-ar, and noftora. . a S"iemniT a--T, a. i V. tLa, i..t. arwl iKe bonnr nf this v Ha. I meat, in -rnr net, tn-ati-ss " . 5trw tbe deated quaun of ' " f tbetsesr TetTU-wVt.- ' - Ur.J. , of the or- u Mtns that doe r?rard to the iater af Vasw eottrolled ih Wseveo ' pu.t4 tleteB uTodsr the direeiroa," "n tU iilll V W. SY v w-siy-'t" jf - . --7 - P v" F st-.,..w. r. t.nU a aaAlW t . 'gkllat.it lasTTteatltf thw-intatest. aa J. anvB'Tfte ewujtxAiateaarogamsafta aweag oywiiiiiitiu mim; . . isj--MaM v, j c - j isUud oBsttlo&fiftlieftrta' tslbf totbtfwatetiM-4ilMnkiaat.- tt.itj.,.. v;.., . TT' T" 7- '7-'" - r C- - e' - - fc i, V K-. - , . a " , '. ..--.; muoa of h ar TrritoiWM t, f - ml;.u - - f:.. . t . .. . . lor tb bordet of Iriah, Daeh, tnd bot-Wd- ! a imVea iiipp off to Kanaat, wer duly ; tegardd bj tb eabitMt of, Geo. Pierc. Aial rtlj Uwr most Ut ba toot dU- fcrfi.i..i. r- 1 1 , w" .r " n,rf I J ao uoner of dmd, if m.y UlIvo . wen. vaatjiog. - llfr him : -I T,lW and nunr ctber thin nf wnH l,ct7,tb. dw"itrion ot JTrax,klin 1 Vkv did k&4 did hy no ren Wu it con - Ut hh th. curiUl cor-raU, no olv of . wu. tn to iwut larn men or .n Encrlan.l rawe, viMatKl ar.ritt Campbell ad Me- and nenoftU North but wiibtheMUMllw -geration, t.ar. in tijjnel iiouncn, the te r xxl and cneroua rk.Kin. a onr no CVrp ! -DI 1Hj ilmn-.hMiUil -.4 . Ik " i"?' biftb-min l-d. atd at the North. mot mil- : UMMtovJ and caluovniiUcd tr w. .f the South J OT-n Davit. I taT. and ur It t ntidlr t.mr i I ar, and tar It i roudlr. tomr iMnjrs ve dki, and dhi ttitb thecordial unanimity t ' a bemi of brothers: that ther v. nvr an 1 . . - w iviirrm, inn iune a- of even auettioriable rectitode, tocastsomuvh j a? a sbtdow of tair. npon the white -rm;ne of tlat alminKtrmrion : and that, in tha Ai of the rrrt concerns of the oontrv, of immne ! PWtc intwwt. d-mtie ard f.Heinn, th admin- ; k:rstKn of Piv-i Jont Plw devrvea -cell of the 1 m Twie rnrl or )K r'nit.t c.. . : u n i ,or thereotleof the North and mJT ,i.llr-i "'! of you. tbe pfopls of M.iichuetti " " Tbi aast be yery refreshing Jo Soothe rn A'emoeracy, who wantM to open tb Terri- I ton, prticu!arlj of Kan., to the insfi- j tnlKn of alarery, that to aecare tb:t great j fx tbej aw.tl'owed tbe Xebraka-Ka"aat . Bill, alieu aaatter overigatj, and all. - "w,j """iuwoi gionuue gun jor ine j got'1, if we may rely oo tbe judgment of thii ca,e "represenutiye man' of Masaacbuaetta. ti ... . . i arelj e bare made a gloriooa rn'o for tbe J not n terms, tat ia meaning, that I ff I at SahIK Kaa l.a. . : . . . this banoeea. And he triutupbantly save to tbe people of Maachn-tt.4, and tbe "North era alliea" generally - We a-uroe all the time, in our dl-u-Mon of tlie alatery o,u-tioi at the North, thai frf labor binc out of the question : b awrt rodueuve than alato labor; tbat it cum- f - No. l. U devoted to a discnion of tA pr.-nt tunh-aie more value to land ; tbat it U ru ore con- commercial erisi. the rauOi which produced it sant with the nature f man; that it alone i j the condition of the Bank of the State, and e tuoral and religious; and tbat the settled Judg- ! p-ciallv of Virpnia the efoct of the commer ent of mankind ia rpn-ed to slave labor or ? cinl relations of ?ute and cities upon the Bank. - r - d on the sourve of iu e. Joaitation Now. " n competition and free race of o.L j Ubur or the fre, labor btate.? I -r the Utu-r ! 1 andeaiably, a bavijig ihw greater .ulaii.n in 1 1 . . 1 1 1 1 numoar, ponuiaiioa more eaii mnrea, sou pop- i ! blattoa backed bv em:gration from Luroije. j for InstaneH suppme two anjoiatng etoaes, Bleck Acre and hit Acre, each of tbe same umber ef romls In extent, and separated by a J division feaee, with two bundrad black ebp ia . Blark Are smm ihrea kod-4 white sbeep in cm l - a mm m a . t ' ' White Act. If now we break down tbedlriaioa fence, and make common . pasturage of lb two clai-ea, and tave the sheep to take care of I be ro se I res, which will get Ibe most fel out of the whole, which will occupy nt ef it. which will nernarh on tbe other, the three bnrelrMl wbite aheen or lb two hundred hbwk sbeep? Is not the answer pal j self-evident. io.pn-ible to j eteap? Is there any answer but one? And! that ia tbe question and answer of free labor ex- j tension or slave labor extension by the repeal of J tbe Missouri compromise." i This precious boast comes not from a mis erable fanatic, bat from Gen. Caleb Cashing, At torn sj General of Franklii Pierce, one of bis cabinet, a man of infinite shrewdness and sunning, tbe leading "spir it of tbat "hand of brothers," who labored so arsiluouslj "to deserve most especially well of tbe people of Massachusetts !' We trust tbat tbis redoubt. ableOjneral who was on-e sent to China to measure the tails of tbe blink-eye J Celestials, a ill be duly eommittioned and sent South to measure the ears of those precious politicians who were stupid enough to believe tbat there were blessings to tbe doatb in that Kansas BUI of abominations. In an article on tbe subject of the Public Lands, tbe Petersburg Intelligancer makes the followiog handsome allusion to tbe letter ofMr.McRae: Olu thouzht have been drawn in this direc- ' tion t-day by a b:ier which hat juu been pub- liibed in tha ortb Carolina papers, irom tne ti-n of Duncan K. McRae, Esq , a t:p-tp Dem oiTat of that Stat, and a leading and influential i.titcn. This gentleman tilled the Important port of Amerlran Consul at Paris under tho late Ad ndiiLtration, and since bis return has been labor i.tg . we believe, a-strenuouly as bvfjt in the cause t.f imocraeT. But he is" not v be-otted with vtrfvism as to be utter! v itueoaible to the rights ,- lr. I.U l.t.W. a3u tnierHS 01 CIS omuuvnaaiuu au- t le-ding to death under the svttetu of land pU r -t that has bm-n inaugurated under Dttnormtie aav40BS in favor of the new States, lie can be as true as steel to bis political creed, and at the an timeenuallv true to the observances of bis daty asstriuxen, when that duty calls npon ... ... ' 1 . v . u 1 1. n.. t.:,-i ,,wo forth in defonce and adv-a-y of a great nteauire of uiblle Ja-tice In which the welfare of North Carolina is deeply involvL We bave sd bis letter with much emifleation and ad- ndr the toite of man nlineaaaod the free spirit by I which it ia distingui-bed. II- tnocbee the subject t.'.k il...raa-ia'1lhnil battel, and in tne clearest pos- ' ! la. a.. S k at KU.IsB Illf aft - " "1 " unM ntniNT OtaM1--, 14 aW-II-T-J IB- PTWH. mw ni- .., v : . i. r . k. - . iifE 1 :. I r .l. .1 . tl!E a a.aUents are conclusive arvl his statement of the r.a iiion wbkrh be bases tbeul. iivcontrVrt!ble.' -1 ; .- - . Tl. Trathleaanea with wbieb the Standard V '.t ' -.s . : ' bas puraura Jir. ,nn, aa iub oooiu-- , . fc mhich tU 0rott n,-fc pfjelt for tfat mtl - r I,'k1;n : 1... .Trvlf r.- ,. , A.nWr,A and ntterlv exoommuni- cated tbat Unfortunate mm, is thus recordod : 'Waa.a, . J , SiamJimtf npon tb appearance of Jir. i MeRse" Ptter, procjeded forth ith tore-ul him 0f the Deuaocratic church in themost awfull r9.. . t..-K . t.rrii.i. -uii.tw .Mnt manner, ijiirii a wm"" Such a - T . .r ,.. . : . M eooUaCb to loans -r. . cry a oal :Z-- my punishment.. is tri..V..V,- Tto-'Ts and fajtmffs DV ii uctiKi mij -a . - bOtleUUn BJ SCS sou lv iu , . - jj.t - ,! toiV ba deemed worthy to ba r "-ag.ia Katorril to tberfvilo ri-jbtt snd , iaimnai jcs". which be , once. nj-Jd in the! imBwnoee.. which be , once. nj jd IB tho losnnrof the WibfoU i?i raitter itb which l we hve no euro nr. Wsi-eveTi bure to 1 .-.-- " . . . v. i J . . f " "niiw war h misfortune, v.... ii urn it anaiueraft' -mhI Ma Jtierttr and apoijatt, hy tie great I j!ogi,t Urj Cltj, oi trdenc .dourer j ' .f 01d Tippeoano aod Tyler too Lord1 : 1 lew u ! - but tbis ia a fuhn .nrt.l I , 1M U4 ! bul tL" h funnJ U ! , . r": ;i : ni"ttod that at tb aooaal i l MtiDg Board of Tnuteea of tbo Uni- Aenitj on tb 10tb lost., tcatimonlal. were j 1 resented of a bigb character in faror of aer- ' f1 diatinRuisbed applicaotl for fhi Pofea- i f wbipof Cbemiatry, Tacated by the deatb of ; tiie la e Dr. MitcbeJL ' . u" ? tU iM. bu.81". 'jurutu aom Jioniay, tfce 4tb txJ of January, wbeo it it hooed and ex i im tK.i .i.r.... -. i : . . i - . iuer ( ue irasiees will ! - - . ..... . foutuoeet will be made. THE SLPitEJtlE COURT ! Will cmmh ! V T ;-. .v.:. i HIT. Iin Uulnal.- v. nn.L J dav , a - J . ar.a. aaj V . cmber. Caaaea will b eall(l fn! Intra Jan'y 1, those from tbe I Circuit. 4 4, It 4 il V II HI ir 44 44 44 t (4 tt 11. 18. " 25, Keb'j 1 VIA VII Circuits. I MEETING or TIIE VIRGINIA LEGIS- LA T M P. E -V t LU M I NO CS .M ESS AG E3 FKOil GOVERNOR WISE t The LoisUtture of 'iixinia.aAmt!ed at' the Capitol, in Richmond, on Monday Ut. The 5-nat organised' by th l!ction of Shelton C. V ai Cl?rL-, aril John A. Jordan as &r-t-ait-ai-Arn4; D. S. Baldwin, Dourkwper ; and John Worrock. Printer. The old offlrvr. of the ,l , G H (Kl wra r-'lt l.l. Gv.vrnor Win siit in to the IgMaturo untr ( Jtriig, only ihrtt of mcn the ini.rs of the ' - cm?y-fM columns of the Kiobmond Whiff. Th lit-r of th LKspaU'h. who, it -etn, hat b l the patience to res-1 the v.t1 raiM-ajnt of insane G ixrd-Foot, luw the following refrence to the embrace, a aynoptU of the whole ,0ion bv our Bnka muon for the roune nur- si.! by the Eiw utive in the emerp-ncy end No. :. U devoted to th dUcuiion of the nro- nt ietv cf reiiealing the L'Mirv Laws and to eer- . . ... . . tain rt-rommenaatlon toucnin; a:ate txn.U. No. 3. is devoted to renere! matters, including Iiiternsd Improvements. . No. 4, which we are unable to publish this morning, and which we may not publish at all, is a 1M f pardons and ommuUuont of punish- ment by the Exeeuti rm, and the reasons for his ac ti'-m n avcU oca The first Meaage contains a vast amount of ste ti'tical information, with whih the Governor elucidate h:t views with "regard to the tendencies o( commercial power and cvntralization, especial lr in their euVts on Bank and capital. We re fer tbe reader to tbem. We have neither room nor time to undertake a synopsis of them. The Governor justifies the sutuensim by the B inks. With regard to the policy advisable to wards the Banks he advocates Independent Banks w ith.Hit branches, established upon a specie basis with two notes in paper for one of capital, and. ore of specie, foi" three if paper circulation to ime no note of less than $10 limited in dividends to 7 per cent with increassel governmental con trol and to be allowed to banks at only one-half the amount of their deposits. lie d not think banking upon a pledge of Suite stocks sate or so and policy frthis Slate. Governor Wiae thinks it strange that we Ima ginod ourselves freed of money ra-osters when we got rid of the Bank of the 'United States. He sski. " have we not, in a few city banks in New York, now almost the same central and -peculating, and contracting power over finance and cur rency, which the Bank of tbe United Stales was wont to wield T The sub-treasury system he locks upon a eitipg in the centralization of which he complains, by means of thesaleof drafts which aro authorized by law, and which avoid the necessity of trannltin gold from the centre to d tburse eUewbere, and thus 'of distrbuting it through the country. 11 suggests that this sys tem of drafts should be repealed bv Congress and as a better moans of regulating Banks and pre venting excessive inflations of paper money, that the States co-operate In tbe establishment of some uniform system of Banking. In Message No, 2, the Governor argues strenu- aaintt m a. v Mnaol nf t V A I Tri 1 t- r.aora In dsed. ther than refeal them, he urge, that they j ' o 1 bs strengthened. With regard to State bonds, we are highly grat Itled that the Governor urges the repeal of the tax npon them, and tha prohibition of the power of C-wporations to tax them. The State tax, and the (Mrporate ui of this city together, amount to 140 pw cent-, thus reducing the interest on State Stock to $4 60. It is to be hoped the Legislature ill adopt this proper recommendation. 2I,.tge No. 3, ww have not had the opportuni ty f reading, etcept so far as to .Sea that the t'lovernor maintains his liberal views on the sub-j-ct of Infernal Improvements, with his wonted r.a). We are gratified to see that be still presents the James River and KanawLa Canal prominent ly as the greatest of all our improvements, and therefore first entitled to tho consideration of thi Iaeginlature. He recommends small appropria tions to a few lines of ImpwvemenW . The Richmond Whig ha an article on Wise's nye f rom which we extract the first paragraph f. n,zhbor, the Governor, being an extra f an individual, we have done him the hon- ... .. . or IO print III"" ult-siJtr-, 04 au -;.iri biictti, -j iiiv-ii will accompany the daily arm country edition of tbe Iri.uf to-dnv. Ordinary" and. comnion-plai-e governors oontent them-elves with delivering a sinele niessaire ; but Ottr Gover-Hr,being tho im- . .n1 'mo,t exCetric of pumpkins, has ten unaU(, to reUpV, bimM.f of his surplus gas in less than three. V onderful and extraordinary man: Ha eoines nearer discharging the functions of a sieam encHne, than any other man or thing on the t "P ground He can write or speak forever, enqing the sligbte4 sense of exhaustion or fatigue, appears to catch new inspiration with every new effort, ami. We take it, that he will never stop this kind of busine, until Old Nick himself shall Uke bins by the throat and drag him home. 'And even sfter he gets home, he will Instantly Insist upon R-xembling all the devils In" Pandomonlum, b! and -litlle, and making them a" speech to . ' - . tv l7.,,- ..; v. I htiu i. " --v v 1 i"-"1" Ik TJniteJ Sta OS JJfswtJx0. -Tlie i'resident of tb.trnJted States bas dismissed Mr, ilcKcoi. U. S. District Attorney in N.-wVork.lbr. oppo-ant Mayor Woovl, la tne late eu-ction iij inat rtty ror Mvor."S-lt Vtll be seen thnt IJuf banau u in- SAGE. " j ; Itllohc-iitizen of the Setait and Mount of Repmthtattvet: n bJionoetotljecommandofiieooniltut!on, ! "". berotoe my duty .'-to ire to Congr j information of tho-t-to uf the Cnpn, and rwcom- i iana to their conuderatKn such moMures aI j jnge 10 do neceary ana expeaifnt"; But firstv and above all, our tl wki are due to Almighty God for the numerous b neflts which He Ijis betowd 0m this people; ind our united j rayers ought to and to Him that He would nunueto hle? our groat repolie in time to come as he has blesod it in time Wst. Since the tJjuarnmeot of tbe lsvjt Congress ur constituents have enjoyed an unusual degree ff health. The rth has yielded her fruits abunJantly, and has tjuntifully rewarded tbe toil of tie husbandman. iMr great staples have commanded high prices, and. up till within a brief period, bur manufactu ring, mineral, and mechanical oca itions4 have I-rX,y partaken of the general prosperity. We Live ro-ed all the elements of material wealth i:i rich abundance, and yet, notwithstanding all taese advantages, our country, in its monetary in terests is at the present moment in a deplorable condition. In the midst of unsurpassed plenty in all the productions of agriculture, and in all the elements of national wealth, we And our manufac tures suspended, our public works rstarded, our private enterprises of different kinds abandoned and thousands of useful laborers tbrown out of trnployuient and reduced to want. The revenue of the government which is chiefly derived from duties on imports from abroad, has been greatly reduced, whilst the appropriations made by Con" greis at its last session for the current fiscal year ar very large in amount. Under these circumstances, a loan jnav be re quired before the close of your present session, but this, although deeply to be regretted, would prove to be only a slight misfortune when compared j with the suffering and distress prevailing among , the people. With f tbis the government cannot: tail deeply to sympathize, though it may be with- ! oat the power to extend relief. It is our duty to inquire what has produced such ' unfortunate results, and whether their recurrence j can be prevented? In a'l former revulsions the blame might have been fairly attributed to a va riety of co-operating cauc; but not so upon the present occasion. It is apparent that our existing miif rtunM bave proceedi solely from our ex travagant and vicious system of paper currency and bauk crediu, exciting the people to wild spec ulation and gambling in stocks. These rovul sious mu-t continue to recur at successive inter vals so long as the amount of the (per curroncv and bank loaus and discounts of the country shall te loft to the discretion of fourteen hundred irre sponsible banking institutions, ; which from the very law of their nature will consult the interest of their stockholders rather thane the public welfare. The framers of the constitution, when they gave to Congress the power " to coin money and to reg ulate the value thereof," and prohibited the States froin coining money, emitting bills of credit, or making anything but gold and silver coin a ten der in fiayment of dnbta, aupposed they bad pro tected tha people against the evils of an excessive and irredeemable paper currency. They are not responsible lor the. existing anomaly that a gov ernment endowed with the sovereign attribute of coining money and regulating the value thereof should nave, uo power. to. prevent others from driving this coin out of the country and filling up the channels of circulation with paper which does nc4 rpreae&t gold aad ail ver r .-e 1 1 is one of the highest and most responsible du ties of government to insure to the people a sound circulating medium, the amount of which ought to be adapted with the utmost possible wisdom and skill to the wants of internal trade and foreign exchanges. If this be' either greatly above or greatly below the proper standard, the marketable value of everv man's prdperty is increased or di minished in the same proportion, and injustice to individuals as wel as incalculable evils to tbe com munity are the consequence. Unfortunately, under tbe construction of the federal constitution, which has now prevailed too long to be changed, this important and delicate duty has been dissevered from the coining power, and virtually transferred to more than fourteen hundred State banks, acting independently of each other, and regulating their paper issues almost ex clusive! v by a regard to the present interest of their stockholders. Exercising the sovereign power of providing a paper currency, instead of coin, for the country, the first duty which these banks owe to the public, is to keep in their vaults a sufficient amount of gold and silver to insure the converti bility of their notes into coin at all times and. un der all circumstances. No bank ought ever to be chartered without such restrictions on its business as to secure tbis result. All other restrictions are comparatively vain. This is the only true touch stone, the only efficient regulator of a paper cur rency the only one which can guard the public against over issues and bank. suspensions. Asa collateral and eventual security it is doubtless wise, and in all cases, .night to be required, that banks shall bold an amount of United States or State securities equal to their notes in circulation and pledgod for their redemption. This, however, furnishes no adequate security against over issues. On tbe contrary, it may be perverted to inflate the currency. Indeed, it is possible by this means to convert ail tne debts of tbe Unitod btates ana State governments into bnnk notes, without refer- Anit frk (ha nsBarsiA a-scsn lit i-clt! ir eawlaam them i-lrtav. ence to the specie required to redeem them. How ever valuable these securities mav be in themselves,, they cannot be con verted into gold and silver at the moment of pressure, as our experience tenches, in sufficient time to prevent bank suspensions and the depreciation of bank notes. In England, which is to a considerable extent a paper money country, though vastly behind ourowninthisrespecct.it was deemed advisable, anterior to the act of Parliament of 1844, which wisely separated tbe isiue of notes from the banking department, for the Bknk of England always to kenp on hand gold and silver equal to one-third .of its combined circulation and deHRites. If this proportion was no more than sufficient to secure the convertibility of its notesj with the whole of Great Britain .and to some ex tent the continent of Europe, as a field for its cir culation, rendering it almost impossible that a sud den and immediate run '. to a dangerous amount should be made upon it, thesame proportion would certainly be insunicent under our banking system. Each of our fourteen hundred tanks has but a lim ited circumference for its circulation, and in the course of a very few days the depositors and note holders might demand from such a bank a sum cent amount in specie to compel it to suspend, even although it had coin in ; its vaults equal to one third of its immediate liabilitiee. And yet I am not aware, with the exception of the banks of Lou isiana, that any State bank throughout the Union bas been required by its charter to. keep this or any other proportion of gold and silver compared with the amount of , its combined circulation and de pot ites. What haboi-n theoonsequence ? In a re cent report made by tho Trea-mry department on the condition of the banks throughout tbeditTereut Stales, according .tor returns dated nearest to Jan uary, 1 357, the aggregate amount of actual specie in their vaults is $59,340,833. of their circulation $25 1,779,822, and ojf thei deposites $230,37 1-3J2.-Thus it appears that thessT banks in the aggregate bave considerably, less than one dollar in seven of tobl snd silver compared with their ctrcnltion and deposits.:- It was pAl liable, therefore, that the verv first presur must drive, them to suapeiiaioBy and" deprive the pwple of a convertible curr-sney: with all its' disJtstriHis conseuencesC li b truly; wonderful that they ahould have so long continu ed to preserve their credit, wnen ausmana ror tne pavmefit of one-seventh of their Immediate iiabiT - fdls would have driven them into Insolvency.---! ...... .... . ... . . . . And this is the condiM-.n of the banks, botwith- j .f.-.,lr. i..t fie -bhri.trWI ridlUohs Of iroM f Sni ! ndred, -cLnUptot'.cif goJd t$t& mESIDENTS ME IJaulbrnia Uave flowed in upon us within' the lalast (Jongi Liiyebeen .hflppiy; terfnaate byj eifht TearS.ahithetidestlUconUnu-wtolWW. In-f r - -.- ..I J amount of apacie either in- proportion tatbeir t t ipuu w w weir nrcuiuion Hnu ueposiiuw corn '; f litned, than they dit!, before the discovery of gold j In California. While in tbe year 1843 theirspecie one aoiiar ror rour and a half, m 1857 it does trot amount to one dollar for every cix dollars and I thirty-three cents ' of. their capital. In the year tne specie vas ejuai withm a very small fraction to one dollar in flve totbeir circulation and deposits; in 1857 it is not equal to oe dollar In seven and a half of their circulation and deposits.. From this statement it is easy to accoun t for our financial history for the last forty years.! It has been a history of extra vagant expansions in the business of the country, followed by ruinous contractions. -At successive interval, the besrand most enterpri i: ng men have been tempted to their rain by exces sive bank loans of mere paper credit, exciting them t y extravagant importations of foreign goods, wild peculationsf and ruinous and demoraliring stock gambling, vvnen tne crisis arrives,! rs arrive it must, tho banks can extend do relief totheMo- pie." In a vain struggle to redeem their, liabili ties in specie theyare compelled to contract their loans and their issues ; and at last, in' the hour of distress, when .their assistance is most needed, they and their debtors together sink into insolvencv. It i9 this paper svstem of extravagant expan sion, raising tbe nominal; price of every article fur beyond its real, value when"- compared with the cost of similar articles in countries whose cir culation is wisely regulated, which has prevented us from competing in our markets with foreign manufacturers, has produced extravagant impor tations, and has counteracted the effect of the large incidental protection afforded to our domes tic manufactures bv the present revenue tariff. But for this the ; branches of our. manufactures composed of raw materials, the pitxiuction of our own country such as cotton, iron and wxlen fabric would not only have acquired almost exclusive possession of the home marker, but would have created for themselves a foreign mar ket throughout the world. . I ! Deplorable, however, as may be our present f financial condition, we may yet indulge in bright hopes for the future. No other nation has ever ' existed which could have endured gtich violent expansions and contractions of paper tfredits with out lasting injury ; yet the, buoyancy' of youth, the energies of our population, and the spirit which never quails before diflicultiesj will enable us soon to recover from our present financial em-l-arrassments. and may even occasion us speedily to forget the lenson which they have taught. In the meantime, it Is: the duty of the govern ment, by all means within its power, to aid in al leviating the suffering of the people occasioned by the suspension of the banks, and to provide against a recurrence of the same calamity. Unfortunate ly, in either aspect of the case, it can do but little. Thanks to the inde-jendent treasury,1 the govern ment has not suspended payment, as it was com nelled to do bv the failure of the banks in 1837. It will continue to discbarge its liabilities to the jeople in gold and silver1. Its disbursements in coin will pass into circulation, and materially as sist in restoring abound currency, from its high credit, should we be compelled to make a tempo rarv loan, it can be effect-d on advantageous terms. This, however' shall, if possible, be avoided ; but, if not, then the amount shall be limited to the lowest possible sum. J; ' j ,' I have, therefore; determined that whiUt no use ful government works already in progress shall be suspended, new works, not already j commenced, will be postponed, if this can be done without in jury td the country. XThose neceftary for its de fence shall proceed a UftMif-n there had been no rrsaia in enr.nvB.etarf aCaaSW..yf', - " But the federal government cannot do much to provide against the recurrence of existing wvils. Even If insurmountable, constitutional objections did not exist against the creation of a National Bank this would furnish no ad(quate preventive security. Tbe history of the last Bank of the U nited States abundantly proves the (truth of this' assertion. Such a bank could not, it it would, regulate the issues and icredics of fourteen hundred State banks in such a manner as to prevent the ruinous expansions and contractions in our curren cy which afflicted the country throughout theexist euce of the late bank, or secure us against future sus pension?!. 'In 1825 an effort was made by the Bank of England to curtail the issues of the countrv banks under the most favorable circumstances. l"he pa- i per currency had been expanded to a ruinous ex- tent, and the bank put forth all! its rower to contract it in order to reduce prices ana restore ! the equilibrium of foreign exchanges. It accord-.; ingly commenced a system of curtailment of its; loan's and issues, in the vain hope that the joint-s stock and private banks of the kingdom would be' compelled to follow its example. It found," ho w- ever, that as it contracted they expanded and at' the end of the process, to employ the language of a very high official authority, ''whatever reduction or the paper circulation was eXjctea by the Bank; of England (in 1825) was more than made up by. the issues of the country banks."' J ; But a Bank of the United Slates' would not if it could, restrain the issues and loans of the State, banks, because its duty as a regulator of the curi rency must otlen be dn . direct conflict with the" immediate interest of its stockholders. If we ex pect one agent to restrain and control anothef their interests in oat, at le3t in. some degree, be antagonistic. But the directors of a Back of the United States would feel the same interest and the same inclination with the directors of the State banks to expand the currency, to accommodate their favorites and friends with loans, and to de clare large dividends Such has been, our experi ence with regard to the last bank, j . j After all. wa must mainly relv upon the pairjk otism and wisdom of the States for the preventioh and redress of the eviL If they iriH afford us a real specie basis for our paper circulation by-increasing the .denomination of bank notes, first to twenty, and afterwards to fifty dollars ; if they will require that the banks shall at all times keep on hand at least one dollar of gold and sil ver for ev5 ry three dollars of their circulation and deposites ; and if they will provide by a seif-executing enact ment, which nothing can arrest, that the momertt they suspend they shall go into liquidation, I be lieve that such provisions, with a weekly publica tion by each bank of a statement of its condition, would go far t secure 'us against future suspen sions of specie paymen,ts.v-; ! jr-fi.-.f i--:V--v'S Cmgress, In iny opnioti, po39e-ses the power' o pass a uniform bankrupt "law ' applicable to all banking institutions throughout the United States, and I strongly recommend its exercise: This would make it the irreversible organic law" of eaeh bank's existence, that a suspension of specie pay ments shall produ'je its civil death ' The instinct of self-j (reservation would- then compel it to per form its duties in such a manner as to escape tb penalty and preserve italife.' ; ,; - '" 1; ' v;The existence of banks and citvulation of bank paper are so identified with the habits of our peo ple, that they cannot at this day be suddenly aboil ished v without - much immediate injurjr "to ' the country. : If we coula confine them to their ap pmpriate spnere and prevent them from adminis tering to the spirit of cilI. and reckless specula tion by extravagant loans and issues;' they might " be continued with advantage to the public - l- j ' .. But this I say, after long and much reflection r if experience slu.1l prove 4 t be impossible! to enjoy the faoUiues 'which, a'ellfegqlat hanks might afford,, without at the same time suffering the calauikies which the'e.cesses of the .banks have hitherto inflicted upoft the oounu-y, it would men peiar toe leaser -"ayiiio upnrive wuwrn hho . . . . . ? . . . Mai f V K rjf V. ira Tsm-t-rvt" t r iac.tA a trvei rknw ,aiivlirsaitr riil ana.aiscomt,v4.' ;..H,iivU.'-i , ... . . ': . 1 - -? " -- '-; - " -1 Qur relations; wiia for cign.gove-'nments areton Tthe.' whole.in jji iatistorycondition.i -( 1 :Tho -diplomatiat dilBcuitie .. which -existed be ' . - . 1 . . B . 4. . TTI...I . j, , be- twefn the government ot tao uoucm siates s-nq,. k (.- r X of .1 nated SRI that of iJr.eHt.Brttain; at the-raajou t.bt of iireut Britain at ihe -adNirntpent of ill h:s 1 the appointment -ct a joriu.:- ipii.'i.: w ...... vinced it is the sincere desire, of the governments and people of the two countries to be on. terms of intimate friendship with each other, it has been ovtr misfortune most al ways to have had some ir ritating, ir not dangerous ;. outstanding question with Great Britain. - -. ... ' , ; Since the origin of the' government ; we have been employed in negotiating treaties with that power, and afterwards in discussing their true in tent and meaning, in this respect, the conven tion of April 19. 1850, cominonijr called the Clay to and Bulwer Treaty, has j been" the most unfor tunste of ali ; because the two governments place directly opposite and contradictory constructions upon its first and most important article. ' Whilst in; the United States, we believed that this treaty would plac both powers upon an exact equality bj the stipulation that neither will ever ."occupy or fortify, or colonize, or. assume or exercise any dominion" over any part of Cantfal America, ft is contended by the British G vern ment that;the true con-'trnction pf thi3 languige has left them the rightful possession of all tbat portion of -yViitioi-aiiui iv-a wui.u .vw Ait . Liivit- tTV-s-ujsauvj" . it the date! of the treaty ; ijn fact, that the treaty is; a virtual recognition on the psrt of the United States or the right of Great Britain, either . as owner or protector, to the i whole extensive const .of Central America, sweeping round from the IUo Hondo to the port and harbor of San Juan dJ Nicaragua, together with the adjacent Bay Is lands, except the comparatively small portion of this between the Sarstoom and Cape Honduras. According toheir construction, the treaty does ro more than s'mply prohibit them from extend ing their possessions in Central America beyond the present limits. It is not too much to assert, tiat if in tbe United States the treaty had been considered susceptible of such a construction, it r fever would have been i negotiated under the sjrthority ?f the President nor -would it have re ceived the approbation of the Senate. The unlver sil conviction in the United States was, that when car government consented, to violate its traditional and time honored policy, and to stipulate with a foreign government never to occupy or acquire territory in the Central American portion of. our o wn continent, the consideration for this Sacrifice vjas that Great Britain, should, in this respect at least, be placed in the same position with ourselves. Whilst we have no right to doubt the sincerity of the British govermont in their construction of the treaty, it is at the same time my deliberate con viction that this construction is in opposition both 1 3 its letter and its spirit. -iU nder the late administration negotiations were instituted between the two governments for the liurpose, if possible, of removing these difficulties ; and a treaty having this laudable object in view t.-as signed at Jxndon on tne ' I7tn i oi uctoDer, ij56. and was submitted bv the President to the Senate on the following 10th of December. Whether this treaty, either in its original or Jniended form,' would have accomplished the ob cct intended without giving;birth to new; and Embarrassing complications between the two gov ernment, rnay perhaps be well questioned. Cer sin it is, however,' it was rendered much less ob jctionable by the different amendments made to t bv the Senate. The tfeaty, as. amended,' was ; -stifled by ma on the 27th of March, 1857, and ras transmitted to London for ratification by the British government. That government expressed Its willingness to concur in all the 'amendments iaade bv the Senate with the single excepdoff of tae clause relating to ituatan ana- tneoiner i-ianus ka the Bay of Honduras.- The article in the orig inal treaty as submitted to the Senate, after recit ing that these islands and their inhabitants "hav ing been br a convention bearing' date the 27th ?3ay of"A-rn-tr 8". tietwifien her Bmsunlc Msjet !tv and the republic of Honduras, constituted and 'declared a free territory under the sovereignty f the said republic of Honduras." ;. stipulated tbat t"the two contracting parties do hereby mutually engage to recognise and respect in all future time the independence and right of the said free terri tory as a part of the republic of Honduras." 5 Upon an examination of this convention be J tween Great, Bntian and Hondura of the 27th of - Auffnst, 1836, it was found that, whilst declaring the Bay Island to be a J free territory under' the sovereignty of the republic of Honduras," it de prived th-.t republic of rights without which its sovereignty over them could scarcely, be said to exist. It divided them from the, remainder of Honduras, and gave to their inhabitants a separate government of their ownj with legislative, execu tive, and judical officers, elected by themselves. It deprived the governm-'ni of Honduras of the taxing power in every form, and exempted ,tha people of the islands from the performance of mili tarv duty except for theit own exclusive defence. It also prohibited that republic" from erecting fortifications upon them for their prptaction thus leaving them open to invasion from any quarter ; and, finally, it provided "that slavery shall not at anytime hereafter be pTtnitted to exist therein." Had Honduras ratified this convention, she would hive ratified the establishment .of -4. State substantially independent within her own limits, and a State at all times subject to B ritish influence and control. ; Moreover, had . the United States ratified the treaty with Great Britain in its orig inal form, wer should have been bound, "to recoe nisie and repect in all future time", those' stipula tions td the prejudice of Honduras. ' Being in direct opposition to the spirit and tneaning of the Clayton and Bulwer treaty as understood in -the United States, the Senate rejected the entire clause, and sub?tituted in its stead a simple recog nition of tbe sovereign- right of Honduras to thesfj islands in the following language: "Tbe two contracting parties do. hereby mutually en gage v recognize and respect the islands of B,ua tan, BonacoUlila. Barbaretta, Helena, and Mo rat, situate in the Bay of Honduras, and off the coast f the republic of Honduras as under the sovereignty and as a part of the. said republic of .Honduras." " '' "'j ' " i"T":"'.' u:', : i . Great Britain rejected this amendment, assign ing as the only reason that the ratifications of the convention of the 27th August, 1856, between her and Honduras, had -not been "exchanged, owing to the hesitation of that gOvernmenV!, Had this been done, it is stated that her Majesty's Govern.- merit would have had little difficulty iti agreeing to the modification" proposed by the Senate, .whieb then ;would have had in effect the same significa tion as the original working.; Whether this would ; have been the effect J " whether the" mere circa m .stanee of; the exchange rot- the ratification of the British con vention with Honduras prior in Ipoint of time t? the ratiflcatioti of our treaty ' with Great Britain would,' "in effect," "have had ;'the sftroe signification ai th original 'Wordine' and thus have nullified the amendment of the-Sehate,' may ivell be doubted. Tt is, perhaps, fortunate that the-queetion has never arisen. 1; -; .s.f - '4 i .The Britisu.governnient,' imme-liatelv after re' jecting the treaty' as amended, proposed to enter into it new treaty with the United States', similar' i n ail respects to: the treat y which thcy had j ust 4 refused 10 ratify, If tne 4j mted ;rate w.ouia con sent to add to the Senate's clear and unqualified; recognition pf the sovereitrnty of ..Honduras over the Bay Islands; the following. conditional stipula tion r"i( Whenever and so soon as "the Republic, of Honduras shall ha ve concluded and nttifled a trea tv with Great Britain, by which Great- Britain shall have ceded, and tbe Republic" of Honduras shall have accepted, the said $ Islands, ysubject V the provisions and conditions contained, in such, '; This proposition was, of (Jourse, rejectea,. After the Senate had refused to ' recognize" the British iiiventioa withs Honduras of the 27th August," 1856,.wifh full .knowledge of . its contents, tt wa provisions anu coiiuilioui, .wmv4 miK"i oo taine&in a future convention between5 the same parties,; to sanction them In advance. ' y . -1 ; 1 The fact is tbaCwhenCtwo; nations like Great Britain and the United States imitually desirous, as they srevilhd I trust. eveir may be, of jnaintain fnsr'the raosl friendly relations vwith each othej, ha ve uiifortunfttelv cohciuded "a treaty which they uC-ierstana jn senses aireciiy opposuej vow - . -. " r -a. al a I ; a. Ve-mrw m 1 ' senti and to commence anew. Had tlus been done prompfly, all difficulties In Central America wmild most probably ere this have leef adjusted to the " satisfaction of both parties. The tiraespent in dis cussing tbe meaning of the Clayton and Bulwer treaty would have been devoted to this praiseworthy purpose, and the task would hare been the more easily accomplished because the interest of the two countries in Central America i Identical, being ' confined to securing safe transits over all th routes across the Irthmus. ' '" V- '' Whilst entertaining tbe-e sentiments," I sh-fil - neverthelew not refuse to contribute to any roa- , sonable adjustment of the Central American 4 questions which is not practically inconsi-tent with ' the American interpretati- n of the trer.y.' Over tures for this pu-poie have been recently mad br the British government in a friendly spirit, which f I cordially reciprocate ; but whetlier tliis renew--ed effjrt wiil result in success I am not prepnred ' to express an opinion. A brif poriod will d- tennine. .. " r ' 1 More than forty years ago, on the 3d- Marh, 1?13. Congress faS2d an act "flaring to all nations-'-to admit their vessels laden "with their -national ' ' prdductions into the ports of the United States upon the same terms with our own veesels, provi ded thev would recijirocate to us similar advan- tages. This act conftned the reciprocity, to the pioductions of the respective foreign nations who ' might entor into the proposed arrangement with j the United States. The act of May 24. 1828, re- , moved this restriction, and offered a similar - re- - ciprocity to all such vessels without reference to ! the origin of their cargoes. Upon these princi-'-pies, our commercial treaties and arrangements " have been founded, except with France, and let us hope that this. exception may not long exist. " Our relations with Kussia remain, as they have ever been, on , the most friendly footing. Tho ' present Emperor, as well as his prcdeces-orS; have never failed, when tha occasion offered, to mani- fest their good will to our country, and their friendship has always been highly appreciated by the eovemment and people of the United States.' With France our, ancient relatiins - of friend- A ship still continue to exist.. The French govern ment have in several recent instances which heed '- not .be" enumerated, evinced a spirit of good wiil and kindness towards our country which I heart- ' ily reciprocate. It is,'notwiihstandng, mnch to- be regretted that two nations whose - productions ' are of such a character as to invite the most ex- tensive exchanges and freest commercial Inter " course, should continue to enforce ancient and- obsolete restrictions of trade againft each other,' Our commercial treaty with France, ia in this respect an exception from our .treaties with all other commercial nations." .It jealously livim iia- ' criminating duties both, on tonnage end on ar ticles, the growth, produce, or manufacture of the one country, when arriving in vessels belonging to the other. .. '' "' ; -' f With all 'the European governments, "crept that of Spain our relations arc as peaceful as we Could desire. I regret to say that no progress whatever has been made, since tho adjournment of Copgress. towards the. settlement of any of the numerous claims of our citiiens asrainst t!ie Span--ish government. Brides, the outrage committed n our flag by the Spanish war-frigste Fprrolana' oh thie hi-rh seas, off the coait of Cuba, In'Mnrch, " 1855, by firing into the, Am-irican "mail steamer' El Dorado, and detaining ami 'scarctiing ner, rp rnains unacknowledged ad unredressed. ,, The general tone and temper of the Spanish -j')vernri'?ni" p.4 n regretted. Our present ehvoitrextrao-dinn(,y and' minister Dleninotentiarv to Madrid -b asked V) ' ka xamTli4 an4 it ia mt-- rvllfrrfwe tnnpriil OH? H'neiV -arrirstnr-ts--9Wtfrt-w-l intity',mi V all questions pending oetween'tno two- govem-'j1 j M-n-at an1 tsfTth a' i-ArMm!iidf1.tii tit' Vintr-a Kflffl ' ' speedily and amicably adjusted. If this bo potjiblir. In the meantime, wheneverour minLster nrrrestht just claims of citiJtons on tho notice 'f thi Spun- j-4 hh government, be is met with the objection that r ' eammendedbv President Polk in his annual mes-f sage of Dicember. 1847, "to bn paid to the Rpan-'l'; ish government , for tho purport of distribution f - amon-r the claimants In the Amistad case." A ' V himilar recommendatiort was made by m v imnrte diate ' predeeessor in his t-v$saxe of DKremb", 1853; and entirely concurring w;th both in iho " opinion tha this indemnity is justly dn twdsr the treaty with BpHiit or tne 27tn ot -jjtoDe-, - , . 1795, 1 efirnestly recommend such ,an approprLu . tlon to the favorable consideration rf Oihgres". ? A treetv of friend-hin afid com-n'rie wa con- ; ' ctudd at Constantinople on tha I2th-Djcember.-' vt ..'." 1856 between the United States Wf Peri', 'the , , ; .. ratifications of whiclmvere exchange 1 nt Coastnn.j "'" ' tinople on the 13tb June, 1857, nnJ the treaty w'ut '" . proclaimed bv the Pre-identon the 18th AugUit.1'1 f, . 185T." 'This treatvrtt U blievsd. will prove bn-, ; teflciar f American '. com mere The "Shnh Jins-.--.' . manifested an' earnt"i disposition tn t-altLvaie friendly relations with bur country, and' bAs'. ex-, ' " pressed a strong wrsh that ' wa should b rpe- sen'ed at Teheran by a minister plenipotentiary ;'; ' ; and I reoomniwd tbat an. appropriation be mode; V for this purpose."; ' " ' .' '; . ;' -y, ';,' ,; ' "K j "; ,-'." Recent occurrences in China have bfen un. -fnyorabTe to a revision of the treaty wjth that f m: pire Of the 3d" 'July, 1 8 ttv.with" a y ie w to th -j se-" , v ' , curity and'extension of our commerce.. .The 24th . " article of this treaty stlpulatod fw a revisin of it , ' t incase experienceshouldprovethistobereq'iisile j -; 'in which case the two governm-mls will, nt the , expiration of twelve years from the date vf said -.' ! convehtion, treat amicably concerning tho rame,' , , by means of suitable persons appointed to conduct such negotiations." - These twelve years expif-cd oii the 3d Jul v, 1856 ; but lerfg licfore that period it was ascertoined that important changes in th treaty Were, necessary j and sevend fruitless iit-'- tempts were made by the commissioner pf the United States to effect- these cbanzesi An tthef. -effort yas about t be made for tbe same ptirtj-i-e ' by our commissioner, k in conjunction with the ministers of England and Frani-e, but this wms " ." .. suspended by the occurrence of hostilities 1n T the ! v-. .Canton river between Great Britian and the Chi- v hese Empire. 'The hostilities have necessarily ln-V terruptea the trade of all nations with. 'Can ; .t which, is now in a state of blockade," anl .bive . 6-5casioned a rerious loss f life and jr perty , . " v Meanwhile the insurrection within the ompfro "'.. "V against tha existing imperial dvnasty still Cc- tinues, and it is difficult to anticipate what will be the result, .T V r " -. : Under these circumstances. I have deemed. Jt. advisablJ to sppoint'a distinguished 'citl-i?n Cf' ;" Pennsylvania envoy extraordinary ana minister 'y , plenipotentiary to proceed to China, tind to ayoll" ' ' himself of any .'oppprtunftHhich ' may offer to , " effect changes ih tua cxitng' treaty' favorable to ;; . ' Americah commerce. He left ibe United States ,J- ' for 'the, place of hiS ..destination" iif JiilV uit, in'- - thevar steamer Minneso'ta. ; . Special, minuter ti China have also been appointed . by thq gorei fH , r -' . nients of. Great Britain and f iring ; ' j i, iWhiist our minrtef has been" instructed o.' 'f I . mtpy a heivtral psition Jn referentrO to theexist-' :. tng hostilities at Canton, he Will ,corJialIy co-op-. . A Crate 'with" tbft British and Ttwch. minb'ters in all -peaceful measures to secure b.v -treaty stipultioijs,( -those juf concessions to'commorce which the ua-'-, ; tions of the' world, have a right to exnect, and which China cannot lone be. permitted, to with-. . .'. -.. bold. "From sssiiraoces received. I .entertain .Ji;vt ;.. doubt that the three ministers .will act in harluo.; : nious concert to obtain similar . tcomisi-cie! t trea r" . . ties for each 'of the powers they represent. r tV--" ;W cannot fail to fo"l a dep. interest jrj " r,ll -. J that concerns the welfare .of tlie 'independent rna j ' nublics on our own continent, as- well . s ef tlie '- , i :-'r n-oail" . ;, -''" 1 ,: Our diffidulties with -New Granada , which a short time since bore so, threatening Hns aapccC. ' Sro, it ig tobe hoped, in a fair train of settlemont Z tn a manner just and honorable to lioth parties. , f :.The Ibmus f , Csntral -Ameri.a, ind.iding . that of Pana'tpa."., the. great., highway' between.'.- the Atlantic and Piiciflc. vcr: which a lafg" I .": tion,of the .commerce pf. the world.ls.ditined," to , :''... ; tB7 ' asau sveso-v-a s t- -a-'- I J -"- v v . . - . T 1 u 1 I If it ' VERY TIGHTLY BOUND
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 16, 1857, edition 1
1
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