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they received a premium of twelve and a half dollar, on etch one. hundred dollars of six per cent Block contracted for, -n ,u .."!,tin,l Considering th'iS to be en unpropitious tune t tell the itate stock, they concluded to post Bona netrotiatins anv further Wane, until July followinu. believim? that the amount . tlien con tracted for, would be eutficient.for the time be ing, to meet all the requirement! of the atate improvements, men in progress. ,,ui wo thnn cantractad. thev transferred, at once, from New York, Ave hundred thousand dol lars, to the United State Bank of Pennsylva nia, in the city of Philadelphia, on which a pre mium of 3 per cent, was received. Thi fame fund wti transfetred to Ohio, by the Commer ial Bank ofCincinnati, at a premium of 3 14 100 per cent., making an entire premium on thie amount of the loan of U 14-100 per cent. The residue of the loan in New York, was tranifamd to Ohio by the Lancaster Ohio Bank, at a premium ot O i- per cem. . r:-j:.. nMniv in July, to make a fu v 1. .1,1. rnmmmioners met in New x ork on the 5 of that month, and on the 1 lth'of Au- fuat ensuing, they coniraciea wiui iwv if- Tn.ranca and Trust Company, at Cincin nati, for a loan of one million of dollars, at a premium of eight dollars thirty-seven and a half cent on each one hundred dollars of six per cent, stock contracted. At tho same date they contracted with the Lancaster Ohio Bank for a loan or one nunareainousanu auiiun, uu which a similar Dremium was received. Tbey also contracted with GustavuB Swan, Esq., of Columbus, for a loan of ten thousand dollars, at a like premium. They further .negotiated a loan of on hundred thousand dollars, with the CommercialBank ofLake Erie, on which a : : 1 Pil,f ,.,! . l.-JCInllfira " premium was reuvivo" ui on each one hundred dollars, of six per cent, lock. The aggregate premiums on tho entire loans contracted for the present year, amount to one hundred and ninetytwo thousand nine hundred and sixty nine 50-100 dollars. The fund obtained, by these several loans, were appropriated a follows: To the Wabash and Erie Canal, seven hundred thousand dollars, with the premium accruing thereon. To the extension of the Miami Canal north of Dayton, three hundred thousand dollars, with the pre mium received on the sannV. To the Pennsyl vania and Ohio Canal, eighty thousand dol lar. tifl tho rosMiip. after aoronriatincr one hundred and ninety-four thousand dollars, for the payment o interest "in JNow iorK, trie coining January, has beenrxpended in other Canal improvement" :n misstate, wim me ex ception of thirty-two thousand four hundred and eighty-three 55-1000 dollars, which has been paid for road purposes, under tho provis ions of the general improvement law, passed March 24th, 1837, ;. The following subscriptions have beon made by the state, to incorporated companies, under the act of the 24lh of March, 1897, since the last annual message. ', --. To the Stubenvi!le, Cadiz and Cambridge McAdamized Koad Company, To the Batavia Turnpike and Mi ami Bridge Company. To the Goshen, Wilmington and Columb'ii Turnpike Company, To the Urbana, Troy and Green ville Turnpike company, (under special act) To the Dayton, Cincinnati and Lebanon Turnpike Company, To the Dayton and Springfield Turnpike Company,' To the Zanesvile and Maysville Turnpike Company, To tho Cincinnati and Whitewater Canal Company, ' To the Ohio Turnpike Company, To the Cincinnati, Lebanon and Springfield Turnpike Company, inadddition to former subscrip tions, J f To the Milforl and Chillicotho Turnpike Company; in addition to former subscriptions, ' .' $36,300 : 30,850 60,850 30,000 54,950 62,00 70,085 150,000 55,000 '" 15,400 ; 53,500 Making in the aggregate, ' ' : 851,975 It iff" believed that abuses exist in the demand nf the c-ovemor of one state upon arother, un der the constitution and laws of the United States, for the surrender of fugitives from jus tice, that calls for legislative interposition. The constitution and luws of the United States -on this subject are positive in iheir injunctions, and general in It-heir provisions; leaving it to state legislation to make , such criminal enact' eTTrSfsoBs'anct'of "property, wltnTn tho'ir own territory. In the State of New York, it is a criminal oneucc to ODiain gooas unuer iaisc pretences, - The policy of this law is not now under examination, but it will at once be seen, that it is liable to be made the instrument of Hie most tyrannical exactions: and it is believ ed, that In more instances than one, illegal de mands have been fully carried out. A man, for instance, purchases goods in Buffalo, removes them to Ohio ; or Michigan, and is not able to meet the payments as they fall due: The cre ditor, tearing that he !b about to looee his debt, works himself into the belief that ho can safely wear before a grand jury, that they have been .obtained under false pretences, as the mart has not strictly complied with his engagements; a bill of indictment is found, the governor makes his requisition and appoints his agent; the pa pers are all in due form, and the person is ar retted unaer tne warrant ot we governor upon whom the requisition is made; and then comes A proposition for a compromise, which must be complied wWb at any sacrifice by the person arrested, or hit friends, or he must be tried, nd perhaps, convicted of an offence that he tiever intended to commit. -' . . This is only one class of cases . " There artj others, which i need not enumerate, in which the agent alway corn with authority from the prosecutorto compromise the alleged crime at a stipulated price. " I would therefore res pectfully submit, whether the protection of our citizens from fraudulent exactions, does not make- it necessary to pass a law to make it a criminal offence to compromise a case.' where - the person had been arrested on the warrant of the governor, for the violation or the laws of a sister etate, as "the best means of checking 4hi dangerous and growing evil.' There is. still another cjas of .cases under the same provisions of the constitution, that U of a more deliberate and aJarm-cg character. On the 6th of September l issued a warrant, under the requisition of the Governor of the Commonwealth of Kentucky, " for" the arrest mi delivery to the authorities of that state of John B. Mahan, pf Brown county, charged on two indictments found in tho county of Mason, in that commonwealth; with the crime of " nid jpg and assisting" certain slaves, the property ofiaid WiKiam Grcathouse, to make their es cape from the nossesai on of him tho said Wil liam Greathoiise out of arid beyond the state of Kentucky." As this case has caused consid erable political excitement, I feel that jt is doe to rrrpelf and to the character of the state wliirbhas JwrtorarJ njo with the station I now bold, that my views and opinions on this im portant subject should De raaqe Known io mo people's .representatives, in order inai uwy inay take such steps in the premises as will beet secure the-peace and tranquility of our border. population, and the rigtits oi inumuuuw ,u iu adjoining states. . .. . . . . 1 hold that the uonsutuiiun oi hid uh.. Stntfin to b bbevod by all as the supremo law of the land; and that it would be as un- warraniaoie an au in to refuse to deliver. nn persop charged with the crime of enticing a slave, from the service of his master, upon the presentation of proper nnnera. undor the demand of a Governor of a sister state, as it ia to deny the right of petition, and the freedom of speech, and of the press, to the humblest individual In the united aiaies. All are constitutional rights, guarantied by the same instrument, and of equal obligation. And as I am for sustaining that instrument as it is, I have not considered it my duty to set up my ODinions of abstract riclit. in uisregard of its solemn and positive injunctions. I consider the Constitution of the Uuited States as the ark of our political safety, and whenover we shall reieat its commands, all is put at hazard and uncertainty, and our whole population sub jected to convulsions, ..anarchy, and civil war. We are also equally Dounci oy a siiDsequeni clause in the same instrument to deliver up those who are held to service or labor by the laws of any state, and who shall escape into our territory, upon, the claim of the party to whom such service or labor may be due; and as it is desirable that the reace and harmony that havo always existed between the people of Ohio and the people of our sister states ot Vir ginia and Kontucky, by which we are bounded, and whose laws secure to them the service and labor above alluded to, should continue and be perpetuated; it becomes a high duty or the people of this state to adhere to the demands of tho Constitution, and refrain from all inter- terference with the domestic institutions of our neighbor states. And when we reflect that this instrument was the result of concession and compromise by the fathers of the republic, to secure to their descendants the blessings of liberty, union, and repose, we cannot doubt the fidelity of the people of Ohio to ail its obligations anu ae mande. Under the present aspect of the times, our Militia system should claim a sharo of your consideration. understand that, within the last year, a more spirited feeling prevailed, and that an improved organization nas Docn eneci ed; but it requires a reorganization of the sys tem to render our militia what it should be. the bulwark of our country. The present laws are very defective in hllbranchcs of the service. We have no provision for an Ordnance De partment or arsenals, and the arms of the state, as soon as recicved from the United States, are under the control of the Quatcrmnster General, whoso responsibility ceases as soon as they are delivered to the commandants of divisions. Afier this, there is no accountabil ity until they are placed in the hands of cap tains of companies; and even when this is done there is no record, bond, or evidence ot ac countability known at head nnarters. The cap tains of companies receiving arms,are frequent ly promoted, resign, remove, or- from other causes, are not in command. Their successors gi .'e no bond ; and, in a short time several chan ges ot this kind taKe place in tne same compa ny; and when, at last, it is ascertained that the public arms are missing or damaged, it is im possible to affix upoh any one a legal accoun tability. These arms are furnished to the slates at an annual expense, to the United Stales, of $200, 000, and are intended, ultimately, to arm the whole body of the militia of the Union; but each state can direct the time and manner of their distribution. A revision of our military code Is recommended to your consideration.' In closing this communication, permit me to say that, whatever may be the abstract theories of politicians relative to subjects that now di vide the people of this countjy, yet we are all embarked in the same bottom, identified in the same interest, and destined to tho samo port And although we of Ohio are strictly an agri cultural people, and less liable to be embar rassed by the fluctuations of trade than our commercial and manufacturing sister states, vet if we suppose that our'prosperity will con tinue, unsupported and separated from these great national interests, we labor under a most palpable and fatal delusion. There is no state In the Uiridn that has a more de'epmd abiding , .u.-uwaiueiii, oi commercial en. terprise and manufacturing industry, than that of Ohio. It is commercial enterprise that has placed usui our present easy and enviable con. di'ion, and has pushed the : production of our soil into almost every portion of the civilized world. , It is mormfacturing and mechanical pursuits that have diverted the labor of our sis ter slates, and made them the purchasers and consumers of the products of our soil, instead ot rivals and opponents; and he that .would sever these great national interests, by array ing one class of the community against anoth er, by scattering the seeds of discord i and iea- lousy amongst the people, is neither people's friend, nor the friend of the constitution . and union of these States.. -...,.; - ,,t , ,: . That our people may be prosperous and hap py in their occupations und employments, and our stats continue to be the home of the hon est,-the virtuous, and the enterprising, and the asylum of the unfortunate and the destitute, is tho sincere wish ot .,,- - ' ,.. I ; ; ;. i tVour fellowrcitizen, , : ,;,-,.; ,,T JOSEPH VANCE). Columbus, December 4' 183S., (- i,',. u general' assembly.';' lt The branches of the .Legislature organized yesterday morning by ..thq -election of Mr. Hawkins, of Perry, Morgan, and Washington, Speaker of the senate, and James J., l' aban, of Hamilton, Speaker of the House. .-lij',. . In the Ser-ate, aMr.Mc ,Nultt, who edits l.ocofoco paper some where up north, and in the House, a Mr, Bi.ooqk?-, likewise of the fraternity, whilom a Whig, but now receiving the "hire" of a laborer in the Locpfoco ranks, were chosen Clerks, , ',, ". ,r. ., ' . ? ThpmasW, MAKSMBiiii Rosimaster at Tory do you hear that,, Amos was elected Door keeper. 'This same Mr. Mansfield wasao un successful candidate for a seat jn the Sena tej,n ihe Miami, Darke and Mercer district,. He ap pear to have jeniiis for ( almost any calling.' He is, pre haps, like, the man in one of the north-western cdunties, who kvaunA hi. mill. ingnes "to serve the People in any station honorable or dishonorable!" ;i , '' ( ', .;" : . AH the members werti in attendance'., with theexception of Mr. Vanmeter bf the Senate, and Mr. William .Andrews of the Honse-Hboth . There is not a taiois distinguished object in the world than a Vulgar,, ignorant person, in tii!) possession of wealth,, and (n 'king use .of. ms gmoen influence to pppress the poor, woo are in every respeqt Ms' superiors. ' ' ; " .PRESIDENT'S MESSAGE. Feline Ciliztm of tht Senate, f ' ""- and of the Hwtf nf Representatives; I JoBgratulate youfori the favorable Circum stances in the condition of our country, under which you reassembln for the performance of your official duties." Though the anticipations of an abundant harvest have-not every -where been realized, yet, bn'the Wliolo, the'lab'h'B "of the husbandman are rewarded with a bountitul return; industry prospers in its various chan nels of business and enterprise: general health again prevails' through bur vast diversity 6f climate; nothing threatens, rrom abroad, the continuance of external peace; nor has any thing at heme impaired the strength ot those fraternal and domestic ties which constitute the only guaranty to the success and perma nency ot our happy Union, and wnicn, formed in the hour of peril, have hitherto been honor ably sustained through every vicissitude in our national attars, l nese blessings, which e- vince the care and beneficence of Providence, call for our devout and fervent crratitude. "" We have not less reason to bo grateful for other bounties bestowed by the same mumh cent hand, and more exclusively our own. ' '' The present year closes the first half centu ry of our federal institutions; and our system differing from all others in the acknowledged practical and unlimited operation which it has for so long a period given to the sovereignty of tho people has now been fully tested by experience. " ' ' , ' '' The constitution devised by our forefathers as the frame-work and oond of that System, then untried, has become a settlor! form of go vernment; not only preserving and protecting the great principles upon which it was round ed, out wonderfully promoting individual hap pineas and private interests. Though subject to change and entire revocation, whenever deemed inadequate to all these purposes, yet such is the wisdom of its construction,' and so stuble has been the public sentiment; that it remains unaltered, except in matters of detail, comparatively unimportant. ' It has proved amply sufficient for the various emergencies incident to our condition as a nation.' A for midable foreign war; agitating collisions be tween domestic, and, in some respects, rival sovereignties; temptations to interfere in the intestine commotions of neighboring countries; the dangerous influences that arise in periods of excessive prosperity; mid the anti-republi-can tendencies ot associated wealth these, with other trials not less formidable, have all been encountered, and thus far successfully re listed. It was reserved for the American Union to test the Government entirely dependant on the continual exercise of the popular will; and our experience has shown that it is as beneficent in practice as it is just in theory, bach sue cessive change made in our local institutions has contributed to extend the right of suffrage, has increased the direct influence of tho mass of the community, given greater freedom .to individual exertion, and restricted, more and more, the powers of Government; yet the in- tclhgente, prudence, and patriotism ot the people have kept pace with this augmented re sponsibility. In no country has education been so widely diffused. ' Domestic peace has nowhere so largely reigned. The close bonds of social intercourse have in no instance pre vailed with such harmony over a space so vast. All forms of religion have united, for the first time, to diffuse charity and piety, because, for the first time in t he history or naMons, all have been totally untrammelled, and absolutely free. The deepest recesses of the wilderness have been penetrated; yet, instead of the rudeness in the social condition consequent upon such adventures elsewhere, numerous communities have sprung up, already unrivalled in prosper ity, general intelligence, internal tranquility, and the wisdom of their political institutions. Internal improvement, the fruit of individual enterprise, fostered by the protection of the States, has added hew links to the confedera tion and fresh rewards to provident industry. Doubtful questions of domestic policy havo been quietly settled ; by mutual forbearance; and agriculture, commerce, and minufac ufes, minister to each other. ; Taxation and pub lic debt, the burdei;s which bar so heavily upon all other countries, have pressed wi.h comparative lightniss upon' us.; Without one entangling alliance, our friendship is pri zed by every nation ; and the' rights of our citizens are every where respected, becauso they are known to be guarded by a united, sensitive, ana watchful Dooii!e. ,,j .. ' , To this 'practical operation of our. institui- tions-, so evident and -successful, we owe that increased attachment to them which is among1 .1 . i.u-!, , ... " i-iio mutt uneernjTT miuiuuiis ui popular sen timent, and wfill prove! their' best security in time to Come, against' foreign or domestic as sault:" i;i'--:i t.v.'T. i.a e e..i sio i This" review of 'the results' of Cur institu tions, for half tl century, 'without exciting a spirit of vain exultation, sho ild serve to im press upon us the great principles from which they have sprung ; constant end direct super vision by the people'oVer dvery public measure; strict forbearance on the part of the Govern ment from exercising any doubtful or disputed powers; and a cautious abstinence from all in terference with'ebneerns which properly .be long, and are best Ifeflj to State regulations and individual enterprise.'1"'1" '' 4 ; i t'ull information of, the slate of our foreign affairs having beeri'recentlyj'bn two different occasions, 'submitted to Congress", F deem it necessary now to bring to yoiff, rioticB biilV such events as have subsequently occurred, pr areor such la portance as to require particii lar attention. " " ' """- Themost amicable dispositions continue to be exhibited by all the Ijiitiops with' whom' the Government and citizens 6f the United States have an habitual intercourse. At tho date of my last annual messagr, fltexico was the only nation which cduld not be included in so grati- 1 1 am happy to be now able' to inform you that an advance' has been made towards' the adjustment of our difficulties frith that Repub lic, and the 'restoration of the customary gdod fnalifciiv' httnn 'I hi1 t a ! toa tt .irta' ' -Thia 1ml portdnt change has been effected by concilia to'ry negotiations, that have resulted in the conclusion of a treaty between this two Gov ernments, which, When ratified, Will refer to the arbitrament of a friendly ' power all the sub ject of controversy, between us growing out of injuries to individuals. 1 nere is, at pre sent, also, reason to believd that'an equitable suitieinvni ui, an mepuicu uuuus win uo attain ed without further difficulty or'unhecessary de lay, and thus authorize the free resumption of ....! . - r ...... J - .: ... n i ' diplomatic intercourse With out sister Repnb- lic !:- ". '.'-' " -'r With respect to tfie!' northeastern bdundary oi tne uuueu otatcs, no omciai correspondence between this Government and that of Great Britain has passed since that communicated to Congress towards the close of their last sffs- eiuu,' . liwuuci IV ivgyi.ii,bQ.uilV9llUUU lUr the appointment of a joint commission ofsur- vey and exploration, I am, however, assured will be met by Her Majesty's -Government in a conciliatory and friendly spirit, and instruc-' tions to enable the. British Minister here to. conclude' such an arrangement' will-bs trans mitted to him witnout neediest aeiay. it is hoped and expected that these instructions will be of a liberal character, and that -this ne gotiation,. if successful, will prove to be an im portant slop towards the satisfactory and final adjustment of the controversy. . 1 had hoped that the respect (or the. laws anu; resrard for the peace and honor of their own Country, which has ever characterized the'd- tizens or the United States, '-would have 'pre vented any portion of theiri ' from using any means to promote insurrection in the territory of a power witli which we" are at peace.'and with which tlie United States -are desirous of maintaining the most friendly relations.' I te- gret deeply, however, to -be 'obliged to inform you mar tins nas noioeen me case, inionrm tion has been given to me, derived from official and other sources, that many citizehs of ihe United States have associated together to make hostile iricurtions from onr territory into Can ada, and to aid and abet insurrureclion there, in violation of the obligations and laws of the United States, and in open disregard of their own duties as citizens. '"This information has been in part confirmed, by a hostile inva sion actually made b. the citizens of the Uni ted States, in conjunction with Canadians and accompanied by a forcible seizure of the pro perty of our citizens, and an aplication thereof to the ' prosecution "of ' military operations against ihe authorities and people ot the Can- adas. '.' ".' " .' ' '." The" results of these criminal assniilts up on the peoce and order of a neighboring coun try have been, as was to be expected, fatally destructive to the misguided or deludod persons engaged in them, and highly injurious to tlidse in whose behalf they are professed to hove been undertaken. The authorities in Canada, from intelligence received of such intended movements among our citizens, have felt them selves obliged to take' precautionary measures against thein; have embodied the militia, and assumed an attitude to repel the invasion :,to which they believed the Colonies were exposed from the United States. ; A'statn of feeling1 on both sides of the frontier has thus been produ ced, which called for prompt and Vigorous in terference. If an insurrection exists in Can ada, the amicable dispositions of the U. States towards Groat Brittain, as well as their duty to themselves, would lead them to maintain a strict neutiality, and to restrain their citizens from all violations of the laws which have been passed for its enforcement. ' But this Govern ment recognizes a Btill higher obligation to re press all attempts on the part of its citizens to disturb tho peace of a country where order prevails or has been re-established. Depre dations by our citizens upon nations at peace with the United States, and combinations for committing them, have at all times boen rs garded by the American Government and peo plo with thegrcatestabhorrence. Military in cursions by our citizens into countries so sit uated, and the commission ot acts ot violence on tho members thereof, in order to effect a change in its government,' or under any pre text whatever, have, from the commencement of our Government, beeh held equally criminal on the part of those engaged in thesi) end as much deserving of punishment as would be the disturbance of tho public peace by the per petration of similar acts Within our own terri tory. ; v ' ... : -By no country or persons have these invalu able principles of international law principles; the strict observance of which is so indispen sable to the preservation of social order in the world been more earnestly cherished or sa credly respected thari by those great and good men wiio first declared, and finally established, tho independence of our own country : They promulgated and maintained t'n'em at an early and critical period in our history; they were subsequently embodied in legislative : enact ments of a highly penal character, the faithful enforcement of which has hitherto been, and will, I trust, always continue to be, regarded as a duty inseparably associated with the main tainarpe of pur national honor. That the peo ple oflhe United States should feel an interest in iho spread of political institutions as free as they regard their own to be, 'is natural; nor r r..- .t c -ii Can a VlllCUri? BUIKJIIUMo lor ilic DUtwan ui uu those vho are, at anv time, in good faith strug gling iT their acquisition; be imputed Wour Citizens as uriuie. nv uu 1110 vuiuu iiuwuuiii of 'opinion; 'and at) undisguised expression thereof?, on their part, the Government has neither tne' right, -nor; I trust, the disposition to interfere." But whether the interest or the honor of the United States require, that they should be made a party to any such struggle, and; By inevitable consequence, ' to the war which1 is waged in its' support, is a question which,,by , puf constitution;' is wisely left to Congress alone to decide. ' Tt is;' by tho la ws, already ihadc criminal in ohr citizens to embar rass or anticipate that decision, by unauthori zod military operations n:'their part.;" 'Of fences of this character,' in addition- td their criminility as' viotatlous of the laws of our country; have a direct tendency td draw down upon our own citizens at large thtf multiplied evilsxifa foreign war;' and expose to injurious imputation the good faith and honor of the country. ' .As, such they' deserve 'to be " put down with promptitude arid dbbisipn. ' I can not be mistaken,' I am, confident, 'in Counting on the Cordial and general Concurrence of our felWw-citizens in this sent irneiit."1 A copy of the proclamation which I have felt it my duty to 'issue, U.here:with'comrnuhifcated;, 1 1 iarmot but hone that' the enoi' sense and patriotism. the'Vegard fdr the honor and reputation of their country, the respect for'the lawsKiCh they havo themselves enacted for their'owrt pvern- ;.meut,' and the!' love of order1 for which the' rfrass or our people have been so long and so justly disunguishen, win deter the comparatively few who. are engaged in 'them front';, further pro-' 'secotirth 6f such desperate enterjriscr. - lit the mean time, the existing' laws have been, and wilt continue to- be, faithftllly executed; and evefry effort will be in'ade to carry them' out in their full extent. 'Whether they are sufficient or nbt,t6"roeet the Sctual statb of things on the Canadiari frontier, it iff.foiiCdhgress. tb decide! i . It' will appear from' the.corrpspbiidence'her wlth submitted, that the Government of Riis- 8ia;declines,5,,renewarof the' fourth article' of tne .conveuiion oi.. April, 1024, between The United, States anf His Imperial Majesty, by the,. third, article pi,.' which .itlfs, agreed that hereafler there shall not he formed by the citizens of the United States', ot under the au thority pf.the said. States, any iastablishment opon the northwest coast of America nor in any of the islands adjacent, to the north of 54 40 of. north latitude,; and that 'jri the Same manner there shall be none formed by Russian iubjeet,' or . under 'the authority of Russia, south of thesame parallelj'; and by the fourth irtjele, ."that, during' a terra of ten' ireark: tounting from the signa;ure of the bresent con vention, the ships of bath powers, or Which bo-; long to their citizens or subjects respectively, may n reciprocally frequent, without any hind rance whatever, the interior sea, gulfs; har bors, and creeks upon the coast mentioned (or the purpose of fishing and trading vfith the na tives of thtr country." -The reasons assigned for declining to renew the protisions of this article, arc, briefly, that the only use made by our citizens of the privlago it secures to them, has been to supply the Indians with spirituous liquors, ammunition, and fire-arms; that this traffic has been excluded "from The" Russian trade: and as the supplies furnished' from the United States are injurious to the Russian e tabhtihmentS'on the northwest coast; and cal 'culatod to produce complaints between the two Governments, His Imperial Majesty think lit for the interest of both countne not to.accede to the proposition made by the American Gov ernment for the renewal of the article last re ferred to."'- "': ':' ''''' "'' ' TMi..'"i' ' 1 The correspondence herewith communicated will show the ground upon Which we contend that the citizens of the United States have,, in dependent of the provision of the conventidn of 1824, a right to trade with the natives upon the coast in question, at unoccupied places, 1U able, however' it is admitted, to be at any time extinguished by the creation of Russian establishments at such points. ".Thi right is denied bv the Russian Government, which as serts that, by the operation of the treaty of 1824, each party agreed to waive tlio general right to land on the vaeant coasts on the re spective sides of the degree of latitude referred to, and accepted.-in lieu theroof, the mutual nriviletre mentioned in the fourth article. The capital and tonnage employed by our citi zens in trade with the northwest coasts of America, will, perhaps on adverting to the official statements of the commerce and navi gation of the United States for the last few years, be deemed too inconsiderable in amount to attract much attention; yet the subject may, in other respects, deserve the careful consider ation of Congress. ' '- ' ': .-' V ! : ! I regret to state that the blockade of the principal ports on the eastern coast ol Mexico, which, in consequence of differences between that Republic and t ranee, was instituted in May last, unfortunately still continues, enfor ced by a competent French naval force, and is necessarily embarrassing to our own trade in the gulf, in 'common with that of other nations. Every disposition, however, is believed to ex ist on the part ot the V rench uovernment, to Tender this measure as little onerous as prac ticable to the interests of the citizons of the United States, and to those of neutral com merce; and it is to bo hoped that an early set tlement of the difficulties between France and Mexico, will soon re-establish the harmonious relations formerly subsisting between them, and again open the ports of that Republic to the vessels ot all rrienuly nations. . . A convention for marking that part of the boundary between the United States and the Republic of Texas, which extends from the mouth of the Sabine to the Red river, was con cluded and signed at this city on the 5th of April last. It has since been ratified by both Governments; and seasonable measures will be taken to carry it into effect on the part of the United States.' ' ' :i " The application of that Republic for admis sion intothio- Union, made in August, 1837, and which was declined for reasons already made known to you, ha been formally with drawn, as will appear from the accompanying copy of the note of the Minister Plenipotentia ry of Texas, which was presented to the Sec retary of state on the occasion of the exchange of tho ratifications ot the convention above mentioned."-' m ; . .''... .-i . , ' Copies of the convention with Texas, of . a commercial treaty concluded with the King of Greece, and of a similar - treaty with the Peru- Bolivian Confederation, the ratifications of which have beeri recently exchanged, accom pany this message for the information of Con- gress, and for such legislative enactment as may be found necessary or expedient, in rela tion to either of them. s - . ' To watch over and foster the inter-'sts of a gradually increasing and widely extended com merce; to' guard the lights of American citi zens, whom business, or pleasure, orother mo tives may tempt into distant climes, and at the same time to cultivate those sentiments of mu - tual respect and good will' which experience has proved so beneficial -in international inter course, the Government of the United 'States has deemed it expedient, from time to time, to establish diplomatic connection with different foreign states, by the appointment ot repre sentatives toTeeide within their respective ter. ritories. I am gratified to be enabled to en- ncrunce to you that, since the close of your last session, these relations have been opened Under the luppiest auspices with Austria and the Two Sicilies;, that-new nominations have been made in the respective nnssu-nsot Russia. Brazil, Belgium, and Sweden and - Norway 'in this country; and that's Minister-Extraordinary ha been received,. accredited to this Go vernment from Argentine Confederation. i J '-' Aft exposition of the fiscal affairs of the Go verumenrl and of 'their cbndition for the past yeaf,;will be made to you- by the Secretary of the Treasury.""- "' "-. i iv.-- -i ;.i n t. , : The available balance in the Treasury, 'on the 1st of January next; is estimated 'at $2, 765,34'2'.' The receipts bf the year, frorh cus toms and landswill probably amount to $20, ,615,598.' '.Tjiese usual sources of revenue have been increased by an issue nf Treasury notes; of which less than eight millions of dollars, 'in cludiritr interest and principal, will be outstand ing tit the end of the year, and by the sale of one of the bonds' of the bank of the United' States, for $2,254,871. ', The "aggregate-!6f means trom tneseanu otner sources, with the ba'liiriceoh'haiid on' thB 1st of Janiiary' last, ,hafi been applied td the payment of, kppr'opria tions jiy Congress, 'The whole expenditure for ths year ort their account, inclbdihg the redemption 'bt More - than ' eight millions bf treasury notes, 'ebhstitutes an aggregate 'of about torty millions' ot dollars,-and will still leave"lrl' the Treasury 1 the' balanc ' befdre ethtetf.'f ' '" "; '"'"' 7' vwu. i Nearly'eiglitrnlilion'Sof dollars1 of Treasury notes are to be tiaid during the comincr year, in additioh to the ordinary appropriations for the support oi the uovbrninent.1- v or both, these purposes', the' resctiirces' bf the1 Treasury will undoubtedly be sufficient, if the charges r-pon it ate hot increased beyond the .'annual esti mates, No excess, however, la likely, to exist; nor Can the postponed instalment of the sur plus revenue be deposited with the states, nor' any Considerable appropriations beyond the tea timateS b made, Withour causing a defieien cy in the Treasury. The great caution, advi-; sable al all tiroes, oflimiting appropriations to the wants of the public service, is rendered he- CARAnrv Mt InraAent Kw thi ni-ORnectivS and tabid reduction bfthS tariff; while the vigilant jeal ousy, evidently, excited among toe peopio, oj the occurrences of the last few year, assures ii that thv expect from their representatives. and will sustain thenv in the exercise of, the hvtst rigid economy, Mucn can be effected by postponing appropriations not immediately r. quired for the, ordinary, public service,. or for"'"1 any pres'slh'g emergency; and mrtch'-oy redu cing the expenditure where the entire anh- immediate .sccp.mplishments, of the 'objects in view is not indispensable.' - ' ' ' ;When.wecalI to mind the recent and ,t trcme embarrassments produced- by excessive . icsues of bank paper, aggravated by the unforej seen witlidrawali, of nauch foreign, capitat ansi the, inevitable derangemqot arising, from tbf' " distribution of the surplus revenue among the ;i States as required by .Congress; consider - the heavy expenses incurred, by the removal of Indian tribes; ;by- the military operations a 't Florida; and on account pf the, unusually ,large;' , appropriRtions vPisde at the Jast twq anbual ''! sessions of Congress for other objects i w. have striking evidence, in the. present efficient jj state of our finances, of the abundant resource . , of the country to fulfil all its obligtiona, );,Nor,', s is it less gratifying to find that the general bu' si noes of the community, deeply affected-as , it ,v has been, is reviving with additional vigor. ., chastened by -the lesson of the past, and ani, ;, mated Dy ths nepesotthe tuture, , tsy ilia cur. .. tailment of paper issues; by curbing the san- V guine and adventurous spirit of speculation ; ,j and by the honorable application of available , , means to .the fulfillment of obligations, fonfi deuce has bsen restored both at home - and rr broad, and ease and facility secured to all the M operations of trade,,.-. .;, Ir .t-.-if th.;-;,e i Tho agency of the Government in producing , these results has been a efficient a its powera, , and means permitted. By ,iwithholdiug from- , the States the deposite of the fourth instalment and leaving several millions at long credits , with the banks, principally in one, section, of the country, and more immediately boneficial ' to it: and, at the same time, aiding the banks . , and. commercial communities in otber sections, ,:, by postponing th" payment of bond for r'uties to the amount of between four and five mil-,, , lions of dollars; by an issue of Treasury notes as a means to enable the Government 4q meet ,i the contcquences of their indigencies, butat1r fording, at the same time, facilities tor remit tance and exchange; and by steadily declin-, ing to employ as general depositories of the public revenues, or leceive the notes of all banks which refused to redeem them with spe cie! by these measures, aided by the favorable action ot some pt the banks, and by the sup port and co-operation of a large portion of the , community; we have witnessed an early. re-,, ": sumption of specie payments in our great com mercial capital promptly followed in al.nost .j every part of the United States. This result ; has been alike salutary to the true interests of agriculture, commerce, and manufacture; to public morals, respect to the laws, and.that ., confidence between man and man which i so ;. essential in our social rotation. ' . :. . , s The contrast between the. suspension oC j 1814 and that of 1837 is most striking.., Th,-. short duration of the latter; the prompt rcstor- ation of business: the evident benefits result- , ; ing from an adhorence by the Government to the constitutional standard of value, instead of -sanctioning the suspension by . the receipt of , irredeemable paper,, end the advantage derU ved from the large amount of specie introduced ;L into the country previous to 1837, affords val, uabls illustration to the true policy of the Go- .. vernment in such a, crisis. Nor can the com- -, parioon fail to remove the impression that' -, a national bank is necessary in such emer- ., geneies, ,. Not only were specie payments. re -suined without its aid, hut exchange have al- .; so been more rapidly restored than when it ex- , iated, thereby , showing that private capital, enterprise, and prudence are fully adequate to these ends. On all these points experience-., seems to have confirmed the views heretofore " submitted to Congress,-- We have been saved r tho mortification of seeing the distresses of , the community for the third tune seized on to i fasten upon the country so dangerous, an in,;-, stitution : and we may also hope that the busi ness of individuals will hereafter, be, relieved j from, the injurious effects of a continued agita- : , tion of that disturbing subject. The limited -influence of a national bank in averting de- . rangment in the exchanges of the country, ,r or in compelling the resumption of specie pay-, : mente, is now not less apparent than its ten-,!) dency to. increase inordinate . speculation by J; sudden expansion aud contractions; its diipo-, ,T sition to create panic and embarrassment ,for-r . the promotion of it own designs; its .interfe- -, ; rence with politics; and its- far greater power : a for e-vil than for good, either in regard to the local .institutions or the operations of Govern--i meiit.itse.lf.,. i What was in these respect but. It apprehension: or opiniou when a national bank.n was first established, now- stands confirmsd is , by humiliating experience.Tho scenes through,ir. which we have passed conclusively prove, how -t little our -commerce, agriculture,, rnanufaov I turns,1 or finances, require such an inalitutiorv ', and what dangers ate attendant on its power; i a power, ! trust, never to be conferred iby .the--. Amer.ioan people upon their Government, and1 i t:t ill lees upon individual not ( responsible to them for its unavoidable abUsbs. , 'r:' nVi.o:.-! My conviction cf the necessity of fusther le-i!; gisktive provisions for the safe i keeping, andib disbursement of the public moneys.land mr opinion in regard to the measures-best) adapted to tne accomplishment ot those objectS);ihSvn beep already submitted toi you. J These have !I been strengthened by recent, events; .and, in i the full conviction that time1 and, experience must still furthari demonstrate their propriety, I feel it my duty, with respectful dsfeiwnto te-c, thb conflioiing views of others, again .to 'invite : your attention to thenb-i-i'ni mt4 t -r! Io tcji-'t With the. eXpection of limited sum deposi!(r in4he few banks still employed undor the fcct.v ot iisau, tne amounts received tor duties, and,',:. ., With r .VAFV 1 innnaiav-1.1 -. A-nnAww- ik..l, accruing iromianasaiso, nave,since the gepernri suspension of specie pavrnents by the dapoaiw.ii banks, been kept and disbursed by the Trea- ) ' urer, under his general leeal oowers.; subiecl ii i to the .superintendence uf the Secretary of than J Treasury The proorietvof definintr morop! i fically , and of xegulati ng by la w, the exercise- itf f .1.:. : .1 . r n . t A. - - , I ui un wiua Bcopa or CiXecuuva.uiBorMionswva been already submitted to Congress. iMsvt hr A -Konn-A irf V, m,i KFnlUfA. kt n ftf Su7 out- principal ports, . has brought t Iight 4di" i laication oi tne gravest enaraoter,'tne panicu;'wr lars of Which will ba laid before you in a p-yC cial repbrt froW theSeerotttty oftheTreasurjTri By his rtport and -the accompanying' docu" mente, wiU b seen that the'eekly' returnl'o of the' defaulting' 'officer apparently exhrbitsd;1' throughout, a faithful administration Of tK"aft' fairs intrusted to his rnauaBertiain:IJ ftiuhatftul ver, now appearslhat he cbnimericed a'bstraclii'', ing the publicrnoney ehbrthr after hiS appdint-l' went, nd 'continue: to 6' o,- pfogresivs-' ly increasing Ihe' amount,1 for "lh term1 of mor than seven -years.' embrlicinb:a 'tmcs 'tion of the period during1 Which the public .fne !' neys were aeposited in the Bank of the Unite ' States, thewhols ofthatofthe State ba.n dei!i poite ytetn, and concluding orily on hi e. ' tirtment from 'office,'; after" that systerd had f substantially failed, in, cbnseonence ef the BWttS pension of specie payments "!''' yiiiwfi en't