V
f1 i V
RALEIGH, N. WEDNESDAY, DEOEBIBER 13, 1037
VOL srsnfiix. I JO CI.
rrrvTiri
"tA &.
j TnonAs I. LEJIAT,
tgITOR AXD PIIOP R I ETB.
TERMS. . .,
jrtci mftyesBttatsr-twewoan : ana
tlf m steiee. .'.
ff ernn miilnK wilh ut the Stat will be
qire.4 pay Ikt jmjwl amount of the year's
Hriu'" in iiIiimc., 4
KITR1 OP ADVF.RTI3IXO.
far every sonar (not eceelin; IS linn tl,i
,,tt type) first insertion, one dollar; each luU.
UsertMHi, tetty-ne rent.
Vhe sileertisement of Ulrrkt snl Sheriffs
be eri-i 9J per cent, higher: ( ite
Jeettna of 33 per eiit will be male from llic
rrfiilr priet i lr ilYetiiert hx the ver.
latere la the K'litor mut be poM-pil.
g. 1 i
MESSAGE
not THS
f res Jrnt of the Unitrd Slates,
e, iht two Houses of Con;re, at the com
rneement of llie SeconJ Session of the
twmtv-fith Conjriwa.
ftHuie Ciiiztn nf jhe Senate
ami Ifauteof Rrpresenia i"rr:
We have reason to renew the ex
preesion of our devout gratitude to the
Give" ot ail good for his benign
iJ
isrotertion. tTur"coutitry present, on
rrery sme, ine evitienre 111 mat ron
fiitscd favor, under whose auspices it
kH gradually risen from a few feeble
lid dependent Ctdiiuics to a prosper-
-sn'L fvtweriui Lonleiieracv. e
with dometTc tranquility,
y.
v . The petilenre which, jnvsd
, tim, some flourishina po1--
? . h tll t'nion.interropte.l the gen
1 mtrrea. ince f; ttnostial health, has
I . . .n,Jrr-. -
Upptiy oeen. timiteti in esienrrnntr ar.pHe4-'irwJt w
rested in its fatal rareer. The Indus
trysnd prudence of our citizens are
raduall relieving them from the pe
csaiary embaiasVment'" under wh. h
partioni of thetn have labored; judi
ttoas legislation, and the natural and
k intllesa resources of the country
have afforded svise and timelv aid "to
private enterprie; and flie activity at-
mvs citaracierwiic i uui 7-r, nn
slredy. in a great decree, resumed its
steal apd profitable rhsnneN.
Tlie condition of our foreign rela
tions has not tnateriallj changed since
tfie last annual message of ir.r prene-
.. , .11
OMser. e remain at peace wm
.linnr. . ri .1 m .(T.irll fill ftl V TfllT.
rws'stent with the preservr tinn of our
ristit and the honor of the country.
shall be spsred to maintain a position
wroneonjnt to eur institutions. We
have (aiihfstlly sustained the foreign
policy with which the United States,
indor the guidance of their firft Pre
tident. took their stand in the family
f aat'tans that ef regalattng their in
tertou'se with trher Powers hv the ap
prtved principles of private life; ask
ing and.accoranga'V'Lr'a!!
.privileges; rendering and de.
standing justice in all case; advanc
ing their own, and discussing the pre
tensions of others, with candor, direct-
Ber-anl -sincerity -appealing at-al
ttswto-reas,.4jUt.net.Ccytrtit.LnsJ!l
fwee, nor seekinj to acquire any thing
for tiamsrlres br its exercise.
AVj.f adherence to this p dicy has
left this Government with scarcely a
claim upon its justice, for i-juties a-
. r . . ' t . i i... :.
nsing irom acts romnwiieii ny i's au
thor! V. The mtst impoiit and per-
prexitigtf those oflhe Unttrtf States
pon foreign Governments, lor aggres
sions upon our citi.ens, were disposed
of by my predecessor. Independent
ly of the" benefits conferred upon our
citizens by restoring to the mercantile
community so many millions of which
they ha.! been wrongfully divested, a
great service was alo rendered to his
MMrtf y 4y- the- aa tlsf c tory mlju sim eji t
. I . a . i.
in. jumau v JHMuenijiiia..i! .rjia' 'oz u i-
jects of c4ntention; and it reflects no
ordinary credit on bis successful ad
ministration of public affiirs, that this
great object was accomplished, without
compromiitinz. on any occasion, either
the honor, orthe peace of the nation.
With European powers no new sub-
JJects of difficulty have arisen; and
i nose wnicn were unuer discussion, al
though not terminated, do not present
a more unfavorable aspect for the future
preservation of that goodtmderstanS
ing, which it has ever been our desire
to cultivate.
Of pending questions, the most im
portant is that which exists with the
Government of Great Britain, in res
pect to our northeastern boundary. It
is- with j nfeigfle'd Tegret, that the p
ieo-
le of the United States must l
ooK
haqk upon the abortive efforts made by
the Executive, for a period ol more
than half a.ct'ntury, to determine,
what no nation should suffer long to
remain in dispute, the true line which
divides its possessions from those of
other powers. The nature of the set
tlements on the borders of the United
States, and of the neighboring territo
ry, was for a season such, that this per
haps was not indispensable to a faith
ful performance of the duties of the
Federal Government. Time has, how-
ever, changed this state of things; and
Vs brought a'mut a condition, of af-J
I fairs, in which the true interests of
f both countries imperatively requVe
hat this question should be put at test.
It is not to be disguised, that with full
confidence, often expressed, in the de
sire of the British Government to ter
minate it, we are apparently as far.
from is adjustment as we were at the
lilt of .signing the treat j. of. peace In,
The sole result of long pend-
?otiations. and a perplexin ar -
miration, appears 10 uu a conviction,:
on its part, that a conventional Itnei
muslbe adfoj
in ascertaining me true one accorumg
totheescriptionj:onained in that
treaty. Without coinciding" tniTiis
opinion, which is not thought.to be well
founded, my predecessor gave the
strongest proof of the earnest desire of
the United States to terminate satis
factorily this dispute, by proposing the
substitution of a conventional line, if
the consent of the States interested in
the question could be obtained. To
this proposition, no answer has as yet
been received. The" attention of the
H ri t "1 h G or e rtt m e n h a s, h o w e v e r, be e n
urgently invited to the subject, atd
its reply cannot, I am confilent, be
nuch longer delayed. The general
relatione between Great Britain and
the united States are ol the most
friendly character, and I am well sat
isfied of the sincere disposition of that
n . 1. ' . . 41..... ..
their present footing. This disposition,
n-riiniciil 10 iiiaiiiinin uinii ,unuii
1783.
has also, I am persuaded, bfrome morejgoes in the ports of this country, and
general with, the people of England : so contrary to the expectations we had
than at any . previous period, it is a risht to entertain.
searrelv necessary to say to you, hnw
cordially ,it is reciproratnl bv'the Govyqdes, and Belg'wm, a friendly jnter.
I eminent and people of the 1. State.
TRr cnvic'(ion'tiic'hnmt'be coin -
mon to all. of the injurious ronsequenj
ires that result from , keepih pe tins
irriutin; question, and 1tnrertaintyjeot of the, Medit-rrnean, peace ami
tbatitsfinnl settlefnif ram be mnch'otdtll ar cate'ul y cullivati-.l. and
, r . a :it .. i .
aaeattf antl'satisraclorv adj'i'm-nnTiw --iI.' rea-tve ittanre am tne
At your last session, I laid before you
the recent communications between t' e
two Governments; and between this
Government and that of the State ol
Maine, in whose solicitude, concern
ing subiect in which si
ie lias so deep,
an interest, every portion of the I'm-
j on participates.
lite leelinss protlUCftl Iiy a tcmnc-
r.i i , . i ,
rary interruption of those harmonious
relations between France and the Unit -
ed States, which
hich are tlue as will to tlie
recollections of former times as to a
correct appreciation of existing; inter.
eslSr bav 4ieen happily socceetletl ty a
cordial disposition on both sides to cul-
I Tyate an active Iriendship in their fu
ture intercourse. The opinion, un
doubtedly correct, and steadily enter
tained by us, that the commercial ro
tations at pieent existing between the
twi countries, ar? susceptible of great
and reciprocally beneficial improve
ments, is obviously gai.;'ug ground in
France; and I am assured rf the dis
position of that Government to Caver
the accomplishment of such an object.
This disposition shall be met in a i,ro-
per spirit on bur part.
Ihe tew and
comparatively unimportant questions
that remain to be adjusted between us,
.an I V.v- nn ilmiht h (pftln I with
entire satiefaction. and itliourt diffi-1
MiZs
Bet ween"
sentiments of eooil will continue to be
. B. . ... .
m,.t.iti rl,priv.hp,l Our M umter
recently accredited to that Court, has!
been received with a frankness and eor-
diallty, and with evidences of respect j
r,.,. i.-..' A-nnntre wliiph Ipave us "no
our
em tluht the. rtreservation in fu-j
t.iro ..r time., .miralil.. and lihpial re-
lations which have so long and so un-
interruptedly existed between the two
rou itrie.. On the few subjects untler
discussion between ns, an earl v and '
just decision is confidently anticipaied.
A correspondence has" been opened
with the Government f Austria, for !
theeitablishment of diplomatic rcla- j
tMtns, in conformity with the wishes id
CongresTTismTreatrTi'y'
priation act of Ihe session
arranements matle lor
which1 will be duly carried into rBl-cf. ,
With Austria and Prussia, and with
the States of the German empire, now
. a .1 it .
meit Sil Lea-ue. our political relaions
are of the most friendly character, i has been conrliided by the Unitetl
whilst our commercial ititercoure is States with the Peru -Bolivian Confed
"radually extending, with benefit to ' eration, which wants only the ratifies-
atHvboHireensased in "it. :. j
Civil war yet rages in Spain, pro-Igrjss ot a suDseqnent negotiation ior
ducin intense Buffering toiTs own piiovThe setttement-iif claims upon Peru,
pie, and to other nations incovenience , has been unfavorably affected by the
and ren-rct. Our citizens who have : war between that Power and Chili,
claims upon that country will be pre-'and the,ArcelV',,e.Pl0'n', 'he
judired for a time by the condition of
its Treasury, .the inevitable c-nsc-j delays in tne seiuemcni oi our oe
quenre of long continued and exhaust- ( mauls on thos powers,
ing internal wars. The last insfal-j The aggravating circumstance con
mentof the interest of the debt ilue,nected with our claims upon -Mexico,
under the convention with the Queen land a variey-f even's touchiog tlie
of Spain has hot been paid; and simi j honor and -ina' i y f our Guycrnmeot
lar failures may be expected to happen, led my predecessor to make, at the
until a nortion of the resources of her,
kingdom can be devoted to the extin-
euishment of its foreijn debt,
Having received satihfactory evi
dence that discriminating tonnage du
ties were charged upon the vessels of
the United State in the ports of Por-
tnral. a proclamation was issued on
the llthiiayofOctobcr last, in
' . a sSftT v at A . a
pltsnc with the act oi way .-. iaj, oe mane in vain, rrom tne proceeu
declaring that fact: and the duties on ings of Congress on that recommenda
foreign tonnage which were levied up-' tion. it appeared, that the opinion of
on Portuguese vessels in the United , both .branches of the Legislature coin
States, previously to the passage of cided with. that of the Executive, that
that act, are accordingly revived. any mode of redress known to the law
;.The act of July 4, 1836, suspend-jof nations might justifiably be used.
ing the discriminating duties upon the It wa obious, titthatiohgres be
produce of Portugal imported into this! lie ved, with the President, that anoth
cDunlry in .Portuguese vessels, was ' er demand shou'd be made, in order to
passed upon the application of that
. Government, throush it representa-
live ncre, uuuer me uruet iiiaioo sun
tlaridiscrimtnation existed in I'ortuzil
I regret t state that such duties are
now exacted in that country, upon the
Fafgoe v of "Amerleatt "Vessels j tTitt ms
the act referred to vests no discretion ,
in the Executive, it is for Congress to,
determine upon the expediency of fur 1
ther legislation on the subject. A
gainst these discriminations, affecting
I
the vessels oT this country and their
cargoes, seasonable remonstrance whs
made, and notice was given to the Por
tuguese Government, that unless they
should be discontinued, the adoption
of countervailing measures on the part
of the United States would become
necessaryj but the reply of that Gov
ernment, received at the Department
of -State through our Charge iP AflYirs
at Iiisbon, itv the month of September
last, afforded no ground lo hope for the
abandonment of a system, so little in
It rinoiiv with tlie treatment shown to
the vessels of Portugal nod .their car-
AVith Holland, Sweden, Denmark,
c ursc has been uninterruptedly main-
! tatne4. , .. - -
With the Government of the Otto-
man Porte and its dependencies nn the
t i - i r .... . t . . t m
w'"""' tiwtrr .tijr, aticu goon om.
contliti nT of tlioslf - vWJlines would ctprocal assurances; and r4tdpstas
Berntlt. '7.Uf : . ' i? V. v'sRWartalned that hi mission would lead
t)ur emmerce
ried on nnder t!jc law of the two Gov-
ernm-nts, reriprocally beneficial to the
navi-ratinu interests of both, and t have' "wtsdotn of the paciSj polii v by which
reason to look lorward to the -adoption
loftier measures which will be- mure
a : 1 l l I .. . ..
cjiciimivcit ami nermann t ihhiiu-
jgeou.
i - i Copies of the treaties concluded
with the Governments of Si ant and
Muscat are transmitied for the infor-
matiwn uf Congress, the ratifications
having been received, and llie treaties
mude public, since the close of the last
annual session. Already have we res-
son to cnrHttlae ourselves on the
propect f considerable commeiciitl more deeply to have found in the re
benefit; and we have, besides, rcreiv- cent communications of that Govern
ed fni in the Sultan f Muscat prompt ment so little reason to hope that any
evidence of his desire to cultivate the future efForts of mine for the aceom
most friendly feelings, by liberal acts plUhutent ol thoss desirable object
tuward one of our vessels, bestowed in would he successful
a manner so striking as to require on i Althntigh the larger number, and
our part a grateful acknowledgment, many of them aggravated rase of per
Our commerce with the Islands of sonnj wrongs have!e?n now for years
Cuba and Port Kico still labours un- before the Mexican Government, and
def heavy rcsiictiuns,,ihe, cpntinuance causes of national com-
of which is a subject of regret. The plaint, and tfiose of Ihe thosf oirehsive
o.nlv effect of an adherence to them character, admitted of immediate, sim-
will be Jo benefit the navigation of
other countries, at the expepse both of
the united states ami rpatti. ,
The indepentlent-atin;of4his con.
tineiit have, ever since they "emerged
'. . ...... a
Irwin the colonial state, expertenceti se-
vere trials in their progress to the per-
mancnt establishment of liberal pol.il i-
iral institutions. Titeir'uflscttled con-
dition not only interrupts thsir own
advances to prospefHy." but has often
seriously in iu red the other powers of
th- world. The claims of our citizens
upon Pent. Chili, Brazil, the Atgen-
tine Republic, the Governments form-
ed out of the Repttb'ics of Colomhis,
antl -viexicoare still petiiting, niioouii.i,n i wwTc.oicn,.
many Of them have been presented for! Not perceiving in what manner any
examinaitijnor''lhartlwenty yearf thepowers given tothe Executive
New Grtjada, Venezuela, and Ecu- alone rouTJ bTTartWusefuiry empTiiyV
ti"hy an appr.i- 'for the purpose of ascertaining and ad- ersj to a satisfactory termination, .that
sioo nf 1337, ami justing claims upon tlie Ilepublic of, subject was by my piedeccssor refer
for th- pnrpose, Colombia. Trout which it is earnestly red to Congress, as ane calling for Its
uc. iiavj rertmy jo
Imped our citizens will. ere lonx, re-
ceive full compensation for the injuries
originally inllicted upon them, and lor
flf..II
An advantageous treaty of commerce
tion of that Government, the pro
sme event is also likely to . produce
second session of the last Congress, a
special recommendation of the coarse
tube pursued to obtain a speedy and
finsl . satisfaction, of the injuric crtm
plained of by this Government and by
our citizens. He recommended a fi
nal demand of redress, with a contin
gent authority to the Executive to
com-'make repe'tsals, if that demand hould
"l STB . I
give undeniable anil satisfactory proof
of our desire to avoid extremities with,
a neighboring. power but that there
was.' ad indisposition to vest a discre-
Jfanrj.uJ,horitjr in the Executive to
take redress, should it uhTortu'nateiy
be either denied or unreasonably de-
l--. I 1. .t.. t..-. f .
C .AAn ! o H.n... .1 i
wera prepared, after ntevnr upon the
? " "o ncmwrj uuruinenii
duties of tny office, a special messen
ger was sent to Mexico, to make a fi.
nal demtnd of redress, with the docu
ments requited by the provisions "of
our treaty. 1 he tlemand was made nn
the 20t! or July last The reply,
which bears date the 29th of the same
month, contains assurances of a desire,
on the part of that Government, "to
give a prompt and explicit answer res-
pecting each of the complaints; but
that the examination of them would
necessarily ba deliberate; that in this
examination, it would be euideiLbv
.L . I ... . . ..
tne pnnripiee. tu puunc law ami the
obligation tf treaties; that nothing
should be left undone that misrht lead
to the nvwt speedy and equitable ad
ijustment of our demands; and that its
j determination, in respect to each case,
should be. communicated through the
Mexican Minister her.?,
. Since that time, an envoy Ext
xiraor
tlinary and .Minister Plenipotentiary
haAb.jeiLACMditeul
by tint of the Mexican Republic. He
brought with him assurances of a siti-
cere deirj that the pending di:F:renres
between t'te two Governm nt should
oe ennuiateti m a manner satitlactory
l ... ....
in nun. lie ws reretvevl ttu re
justiitent of all existihg jiif!ects of
complaint. A aincere believer in the
the United statea usve atwy
been I
governed in their interrjiurst.wiikiojCi
H. i . : 4 ...... u. .. I .1 a.
rin oiiin'i., u win my ji.ii iii:uui iic-
sire, from the proximity of the Mexican
Republic, and well known occurences
on our frontier, to be instrumental in
obviating all existing dilficulties with
that Government, and in restoring to
ilia intercourse between the two Re
publics, that liberal and friendly char-
after by which they should always he
distinguished, I regret, thorefore, the
pie an I satisfactory replies, it Is only
within a few days past that any specific
communication in answer 10 our last
demanU - . made . five ....month .ago, has
been rereived from the Mexican Min-
. .s . - i it i
ister. uy tne report m tne secretary
of State, herewith presented, and the
accompanying documents, it will be
seen, that for not one ol our public
complaints has satisfaction been given
or oflVretl; that but one ol; the eases of
personal wron-r has been favorably con
sidercd; and that but four cases of both
descriptions, out of all those formally
presented, and earnestly pressed, have
is yet baen decided uptn by the Mexi-
interposition. In a
dearly understood
In accordance whh tlie I
withe ot the tie-
ir I i.l . t ii i- amiilii-r tn I formal demand
I lor satisfaction has been made upon the
Mexican Government, with what suc
cess the documents now communicated
will show, On a careful and deliberate
examination of their contents, and con
sidering the spirit manifested by the
Mexican Government, it ha become
my painful duty to return the subject,
as it now stands, to Congress, to whom
it belongs, to decide upon the time, the
mode, and the measure o redress. f
Whatever may be your decision, it
shall ba faithfully executed, confident
that it wilt bo characteriz-d by that
moderation and justice, which will, I
trust, under all circumstance, govern
the council of ouFcouhtry. T
Tlie balance in the Treasury on the
first day of January, ISJf, wa Torly
five million nine hundred and sixty
eight thousand five hundred and twenty-three
dollars. The receipt during
the present year' fro-it all sources, in
cluding the amount of Treasury notes
issued, are estimated at twenty-three
million four hundred and ninety nine
thousand nine hundred anil eighty-one
dollars, constituting ail-aggregate of
sixty-nine millions Tour hundred and
sixty-eight thousand five hundred and
four dollar Of this amount, about
thirty-five millions two handred anil
eighty-one thousand Hire hundred and
sixty-one dollar will be expended at the
end of the year on appropriations made
by Congresit and the residue, amount
ing to thirty-four million one hundred
and eighty-seven thousand one hundred
and forty-three dollars, will- be the
nominal balance in the Treasury tin
the fi'st of Jaiiu.ifj ntixt T But ofihat
sum, only one million eighty-five tlmu-
sand 'four hundred and ninety-eight
available for, and applicable to, public
. .en" ' .- ' i! L
! . '! 1 t. r - . . . ' 1 11 '
win ue tor pome itme unavatiaute, con
sist chiefly of sums deposited wUh'the
States, and due from the former tie
posite banks. The details upon this
subject will be found in the annaal re
port of the Secretary of the Treasury.
rhcatsmuut of Treasury notes, which
it will be ntxessary to isue during the
year on actoant.of those funds being
unavailalde, will, U is supposed, not
etcee l four ami a' Italf millions. It
seemed prnpr. In the condition of the
country, to have the estim ates on all
stiljects madtf ss low ns practicable,
wi'hout pnjtidice to tny great puUhr
measures. The JI.t-partments were.
tlierefore, desired to prepare their rstl.
mates accordingly, and t am happy to
find that they have been able to gradu
ate them oil so economical a scale. In
the great and often unexpected fluctua
tions to which the revenue is subject'
ed, it is not possible to compute the re
ceipts beforehand with great certainty;
huLAhouidlhe
from present anticii.atinmu.and should
the-apprnpti t1 ion t nnt much" eteeeil
the estimates, no dilllculty seems like
ly to happen in defraying the current
expenses with promptitude and fidelity.
Notwithstanding the great cmhar.
raVments which' have recently occur
red in comitiTclal aff.irs, and ihu lib
eral iYtdutgeiire which, in consequence
of these eio'iairassments, has been ex
tended In bot'i the merchants and the
Ba hk,it i era tlf vins to be able to "a n-
lilipate tlisr i.lw" Treasnry notev which
have been issued during tila -.eenil,,i' towartlth se institutions, Bar't
:n . I.. ... l ... V a -i .A . i . v... I
year, will oe redeemed, and tlut the
res M t lt loans or incretl taxes, wtll
prove ample for defraying. .alt ehan r
imnoseti on it t iinnsr 1H31. :'J't'-i4'",i3nirMt to me r aw; an-t s
The Report of the Secretary of the
Treasury will aff rd yon a more minute
exposition of all matters connected
with the administration of the ftnanVes
during the current year; a period
which, for the, amount of public moneys
disbursed ' and depoMtrd with the
States, as well as the .-financial iTilli
culties enefnuntered and overcome, hn
few parallels in our history.
Your attention was, at the last ses
sion, invited In the necessity of addi
tional legislative provisions in respect
to the collection, safe-keepinsr, and
transfer of the public money. No law
having been then matured, and not
understanding the proceedings of Con- j
gress as intended to tie hnal, it bo-
comes nif duty ngahrto brin the ob
ject to your notice.
On that occasion, three modes of
performing this branch of tho public
service were presentctl Tor. con
sideratipn. ..!I'heewere: the creation
of a National Bant 1 1hT"fi"Wat-riiTtTi '
modifications, of the depomte arslem
established by the act of the Sad June,
1836, permitting the use of the Public
moneys by the batiks; and tlie discon
tinuance of the use of such institutions
for the purposes referred tor4Ult suit"
ble provisions for their accomplishment
through the agency ol public oHicera,
Considering the opinions ofbotlt Houses
of Congress on the two nrt propo
sitions as expressed in ihn negative, in
which I entirely concur, it ts unneces
sary for me again to recur to Ihein.
In respect to the last, you have liad an
opportunity in"e youf,t1joufnmenppvnfrntrrfr
not oniy to test sin i mrtner tne expeut
ency ot the measure ny in continued
Prj,..c.lj?LiTerl'ol,.0 nI' P"1 "f it
as are now In force, buT alf to di.
..... ,waM,..wu.r ,..i,.i,,.i,.
cover what should ever be sought fur
and recardetl wuli the utmost tlelcrence,
the opoinioni and wrshrsof the people
The national will is the supreme law
of the Republic, and on all subject
within tha limits of his constitutional
powers, should be faithfully obeyed by
the public servant. Since the measure
in question was. aubmittied t your
consideration, most of you have enjoy
ed the advantage of personal commit
nicatian with your constituents, For
one State only has an election Ven
held for the Federal Government; but
the rally day at which it took p'ace,
deprive the meas ire under considera
tion of much of llie support it might
otherwise hate derived from the result.
Local elections for State officer have,
however, been heltl in several of the
States, at which the expediency f the
plan proposed by the Etecatlfi hit
been" more or less discussed. You
will, I am confident, yield to their re
u't the respect due to every expr!.
siort of the public voice, llesirinj.
however, to arrive a! truth and a just
view of the aublect in all it bearins.!litSti and ww especially if they
you wilt at the same time remember,
" , .a -m t
that question ol lar tleeper anl more
immediate local Interest, than the fiscal!
plan of the National Treasury, were j
involved in those election. ASove all, j
we cannot overlook the striking fact,
that there were at the time in those'
States more than ne handred and sit f
ty millions or bank capital, f hich
larse portion wera subject td actual .
forfeilure other largi portion thcld
ooly by special and limited legislative,
indulgence and ot ef it, if t.olall,
to a greater ot test t xtetif, dependent
for a continuance ol its corporate ex
istence upon the will of th Stat 1
gislature to be then chasen. Appris
ed of this circumstance, yon will judge,
whether it U not most probable that the
.pecttiiarx'ononVrttnittXtt-hiteTPit''
' .1 ... . . ...
! tijnese jresnj'cjs. tueex ten i to wnic
H ha been prfatlThrtiu'gh all the rami-"'
fication of society, its direct connec
tion with the then pndinj elections,
and the feelings it was calculated to
ihtuse into (he canvass, have exercised
a far greater Inlluence over the result, '
than any which could possibly have .
been produced dy a rontlict of opinion
in rrapet t to a question in the adminis
tration of tlie General Government,
more remote and far less important in
it b 'arinajs opoti Ihut interest. J
I have lound im lesson lo cliangt
mv own otiiititton as to the exnedienrr
of adopting th system proposed, be-.
inpei leciljjaiisjl tl mat there will
be neither stability nor Safety, Ttthei,
in the fitcal-aS'tit of ilw Govcrnnten,
or in the pecun iary transaction of in- '
dividual and corporation, so long
a connection ftt between thetn, '
which, I.ke th pnst, ofi' rs such strong ,
Inducement to make them the subjects
of political agitation. Indeed, I am
mure than ever ronvmcetl of the dan-
iters tn width the free anJ unbTasseil
exercise tif poltttctl opioion the tml-
sure foundation and sslcguard of re
publican gnvernmetitwmiltl bv ex
psed by any further tntrcase of the
already overgrown inlluence ;of corpor
ate autnoriiies. i cannot, mereiorr,
consistently with my view of duty,
advise a renewal of a connection wh'cli
cirru natanret have dissolvetl,
Tlio discontinuance of tUo use of
oiaia uauav. tor iiaeai. purpose ougnc s
nut tti bo reirnrdeil as a measure of ho
fltst.h.vtrf ... rt.-.1..-... ......
oettt,r1; cjjl.ddlnhed ami cotuKt'd,
are hi-hVy-ti.ifui j
of iho
Country, and wt.- v'--
1 4-no n
tto rxtst in Ui States, . 1
K -'t4'll '
to be safe and hem . ''wtney
should be rresttvl, wlat t iviky'-cif ,'
should enjoy, ai der what re tWib -ilitie
they should art, and to what rt-- -striclions'tliry
should be ubject, are - ; v
question which, ss I observed on
previous orrasion, belong to the Stale
to decide, t'prm their i ighTs, or the rx "
ercise of them, theGenfrul Government -can
have nn motive to encroach. , Its
duty toward then is will performed,
when it refrains from legislating foi
(hpirspeci.il benefit, because such le
gisaltion would violate the spirit of the p
Constitution, and be unjust- to Mother-
inertsts when it laLva no itcp tn
impair thvir uselulness, but a i mana- ,
es iU own allairs as to make it the
interest of , Utoaa ittstUutlau. tail,.
strengthen and improve their condition '
for the 'security ittd, welfare of the .
com m unity at larg" They liata-mr .. .
rigliTTo inrTmFcnWe
K de ru 1 1 JoVernment, nor on the use ot
the plnc'WoSV
IU. The object tif tit measure under
considration ts, tn avoid for, the fu- m
lure a compulsory connection of thU
kind. It propose to place the Gener
al Government, In regard lathe essert-
tut putntsof the coll( (ion, stf-kcp - .
tng and trantiiert.i tne public-money,
In a Hltuaiion which tltnlt, relieve t
from all dependence on the will of ir
responsible individual or corporations ;
to withtlravv tliosu money from tl
use of private trade, and confide them -to
agents ronslitutii iially selected ami
controlled by law; to abstain from im -
tt(,ttm pciiv sou triin'voni intiuce- .
ii'ieCT im
part of iiidividuals to give stability to
the e-ncentSTrihe Trcamrj ) t tprei
serva the measure wf the Government
from the Unavoidable reproaches (hat
How from such a connection, and t!m
banks themselves from the injurious ef-
led ol a upposed participation in tha
political conflict of the day, from
which they will otherwise find it diffi
cult to escape. '
Ihete are my views upm this im
pwlant subject i formed after careful
reflection, and with on desire but to
arrive at witat t most likely to promote
the public interest, Theyara now, as
they wv befot1, submitted with un
feigned deference for the opinions of
other. It washardly toba hoped that :
chan! so important, on a subject o
interesting, could oe made without pro
dusinga settous diversity of oiiniont
but so a those conflicting views
ate kpt a'tve the infiuenca of indi
vidual w loral ioterrsts; ao long a -
they ntrsue only the general good, and
are Miseussyd with - wmderatiots and
tnd-r, such diversity ia a benefit, not
an tnjttry. If a tnat-Vity of Congrei
see theVuHliii wvlfare'in a difterent
'sltowM be aatufiesl that the weasure
I a. aa,. t ft t -SSSSl
propwet wwutml o aeeeptaD
tha de I Wt Utolt tothfirte''
I awbslitet such a ssay
dative U the owe, and nr
ty t the In ?y
way rwl Watly rvlyf
eytia te the M
iet tafihe tV
f duty mSy
It U a1
bracVf f
the Usts
iyiiiK!HE
v.
V