The Constitution invests the President with authority to decide whether the removal should be made in any given case; the act of Congress declares in the substance, that he shall only accuse suck as he supposes to be tiuworthy of their trust. The Constitution makes him aole judge in tfie premises; but the statutes tikes nvay his jurisdiction transfers it to the Senate, and ' leaves him nothing hut ' the odious and sometimes 4 At A impracticable duty ot Becoming-a pro-iectdor. The prosecution is to be conducted before a tribunal- whose members arc not, like him, responsible to the whole pcoplce out to separate constituent bodies, and who rrje.y hear his accusation with great disfavor. The Senate is absolutely -without any known standard of decision applicable to -ikli a Its judgement can- ! .. I,; r .'ltii-iputetl, for it is not gov : ii i. ,i'iy rule. The law docs not rloli.ie what shall bo deemed good tauj for removal. It is impossible i .v.-i to conjecture what nfay or may not bo i considered by the Senate. 'IV mature of t!ic subject forbids e'enr jiroof. If tho chir le in incapacity what eviden ; will support it? Fidel ity to th'; V.slitiitioii may bcunder-to(xWiiiIsiindi;i-' id in a thousand dif ferent ways, and !y violent party men, in violent party times, unfaithfulness to the Constitution may even come to be considered meritorious. If the of ficer be accused of dishonesty, how shall it be made out? Will it bo in ferred from acts unconnected with pub lic dutv, from private history, or from general reputation ? Or must the President await the commission of an actual misdemeanor in ollice? Shall he, in the meantime, risk the charac ter and interest of the Nation in the hands of men to whom he cannot give his confidence? Must ho forbear his dnint until the mischief is done I and cannot lie prevented ? If his zeal in the public service should impel him to anticipate the overt net, must he move at the peril of being tried him self for tho offence of slandering his subordinate? In the present circum stances of the country, some one must be held responsible for oflieial delin quency of every kind. It is extreme lv difficult to .say where that responsi bility should be thrown, if it be not left where it has been placed by t'ie CoiiKitution. lint all just men will admit that tho President ought to be entirely relieved from such a respousi Vilitv, if he cannot meet it by reason of restrictions placed by law upon his action. The unrestricted power of removal from office .is a very great te to be trusted oven to a Magistrate chosen by the general suffrage of the whole pcop.? arid accountable directly to them for his nets. It is undoubedtly liable to abuse and at some periods 'of our history perhaps has been abused. If it be thought desirable and Constitutional that it should be so limited to make the Prcsidentconimoninform(";,iiinstotli er imlilic nirents. he should at least bo permitted to act in that capacity before ' .. . . i .I . e sumeopoii-tribunal independent oi par ty polities, ready to investigate tne merit ofeVcrv case, furnished with the means of" ta1;ing evidence, and bound to decid i ncwdinpf to estab lished rule?. This would guarantee the safety of the accuser when n' acts in good iiiith, and at the same time e (itro the rights of the other party., I speak of ourse with all proper re- j ppeet for the piwnt Senate, but it docs not seem to mo that any l.K'i-d -'tiVe body can be so constituted n- to i- -fitness for these func- i" 'ii- ii iioi -he theory of this Govern w..ut shut p iblic offices arc the proper tv oi'tb c wtio hold them. They are ;-ci. tuerelv tw' a trust for the public b -netit, somofuuas for a fixed period sumni'mc3 during" good behavior but o"a.;ral!v thevnvc lialdc to be termin ated at the p'leasure oftho appointing jKiwer, vvliii-li r. preserits tlie collccijve tiniM-n'lv mid nix!; the Will of tllO people. The fiira'dTctcntioh in office of a single dishonest portion may work great injuiy to the public interests. Tho danger to the public service comes not from tlio power to remove, but from the power ' to appoint,- There fore it was that the framers of the Con stitution left, the power of removal un restricted, while they gaV? the Senate a right to reject all appointmrnts which in its opinion, wero not fit to be made. A little reflection on tho subject will prolwbly satisfy all w ho have the goou ot this country nt near, tnai our oesi course isto tike the Constitution for our guide, walk in the path marked out by the founders of the Republic, and obey tlip ruins made sacred bv the Oiiserv-i, anco of our ' predecessors. Tho preseut ci nditioa of our finan ces and circulating medium is one to which your early consideration is in vited. ." A ,. ',, ' v , The proportion whic.li the curveucy of any - country should bear to tho whole value of the annual, produce circulated by its means is a. question upon which political economists have not agreed.',,' Nor can it bo controlled by legislation, but must be left to the irrevocable laws which , everywhere regulate commerce and trade.. , .The circulating taediutn will ever irreaist--i 1 1 , a a ' .i : . 'i '1 "'j. ; ouiynow to tuose poiuw wuqre iy -m ereatest demand.. .The law of demand and supply is as .unerring as that which regulates the tides of . tne ocean,; and inaoed,currency like' the tides, has ita ebbs and .flows throughout ,'tho . com- i j - - inenaai worm., . . t , , :Vr At th bee innipK of the rebellion tht bank-note circulation of the coun try amounted to not much, mora- ioi two Jundred millions of dollar:, now, the cireulaaoa of ffational Bank notes and tkoe htuxwa m sflert'w nearly so W)hondfe4 milUqns,, ..(Whye tt is urged biwomthali uthw ?uhI should be iua,ed othew..5oat)pd that a decided re&wtion is absolutely in;al in t!i best interests-of the sounJtm - lo view f. Uesp; ilview -vt '" opinions, it may bp well to ascertain the real value oi onr paper.issues, when compared with the metallic or conver- table currency. K or this purpose, let us inquire how much gold and silver could bo purchased by the seven hun dred millions of "-inner money now iu circulation ? V rohablv not r.orn t.hnn half the amount of thelatta- ihotving thnt when oar paper currency is com pared with gold o'.;d silver, 'its com Cic'rciul value VV compressed into three hundred, find fifty millions. . This srrlkiriir fact makes it the obvious du ty ot the Government, as earlv as mav be consistent with the principles ot sound political economy, to take such measures as will enable the holder of its notes and those of Natioual Banks to convert them without loss, into specie or its equivalent. A reduction of our paper circulating medium need not noccssarinlly follow. This, how ever, will depend on the law of de mand and supply, though it should be borne in mind that by making legal tender and bank notes convertablc in to coin or its equivalent, their present specio valuo in the hands of their hold ers would bo enhanced one hundred per cent. Legislation for the accomplishment of a result bo desirable is demanded by the highest public considerations. The Constitution contemplates that the circulating medium oftho connlry shall be uniform in quality and value. At the time of the formation of that instrument, the country had just emer ged from the War of the Revolution, and was suffering from the effect of a redundant and worthless paper curren cy. The sages of that period were anxious to protect their posterity from the evils which they themselves, had experienced. Hence, in providing a 'circulating medium, they conferred up on Concross the power to coin money mid regulate the valuo thereof at the same tunc prohibiting trie stales iroin making anything but gold and silver a . .' i i . . . i o. . . r. tender m payment ot dents, The anomalous condition of our cur-! rency is in striking contrast with that which was originally designed. Girt' circulation now embraces, first, notes of the National Ranks, which are made receivable for nil dues to the Government, excluding imposts, and by nil its creditors, excepting inpay ment of interest upon its' -bonds and the securities themselves; second, le gal tender notes, issued by the United States, and which tho law requires shall be received hs well in payment of all debts k-tween citixensnf all Gov ernment dues, excepting imposts; and, third, gold and silver coin. Ry the operation of our present system of fi nance, however, the metalic currency, when collected, is reserved for only one class of Government creditors, who, holding its bonds, semi-annually receive their iiiturust in coin from the National Treasury. They are thus made to occupy an invidious position, which mav bo used to strengthen the arguments of those who would brinf into disrepute the oblivions of the nation.' In the payment of all its i r. xi. . . i:.. i ,. r Itt'OIS loe iMig'iicu mini in mu wuvewi- ment should be inviolably maintained. Rut while it nets with fidelity towards the bondholder who loaned his money that the integrity of the Union might be preserved, it should at. the same time observe good faith with the great masses of the people, who, having res cued the Union from tho perils of -rebellion, now bear the burdens of taxa tion. ' that the Government mav be able to fulfill its engagements. There' is no reason which w ill be accepted as satisfactory - by the people, why those who defend us ori tlu; land and pro tect us on the sea ; the pensioner on thnrratitude of the nation, bearing the scars and wounds received while in its- service; the public servants in the various Departments of the Govern!1 ment; the farmer who supplies,.; fhjj army and the sailors of the navy.; ,the artisan who toils in the nation's w ork shops,' or the mechanics' and laborers ?ho bnild its cdifuies and - constructs its fcits-'nnd' vessels of war should, in payment of their just and hnrd earn ed dues, receive depreciated -paper, whi.'e another -class of "their "coil'Jtry men to more deserving, are paid1 in coin' of cold and 'silver;- 1 Equal and' exact justice' requires that all the cre ditors of the Government should be paid in a currency possessing a nnifbrm value. - This can only be accomplish ed bv thc' restoration f the currency to the standard established by the Constitution; and by this means we would remove a discrimination which may, if it has not already done no, cre ate" a prejudice which may b'iconic deep footed and wide spread, r"ud im peril the' national credit. ';' The feasibility of.iriaklhg ott'r! ,;t,r" rency correspond with 'jthc constitution-! standard niay be seen by refer-! ence to a few' facts derived . (j-om our commercial statistics, ," , i ; , -, Tlie production -of, precious metals itf, the. United States, .from .'1849 to 185?,, ineiiisiyc, . Amounted to f 579, 000.000: from 185.8 to ',1800, inclu sive, to $137,000,000 j and from 1861 to 1867, inclusive, to $457,500,000 makintrtuc ernnd .aircregato- ot iro- dvi44 since ;849i $.1,174,,900. ,he amount of, specif cuipcd from ,1819 to li5 V- incisive, wis J$439,OOO,OO0 ; from 1858 to 'i860, inclusive , $1 25, OO0,pOQ;,a'i.d..,,fro.in,186l tq 1867, in clusivp,., aipOOOrrrnjakiiig . the total ;coJuigo,,sinfic,4849, 874,000, 000. :.'From:1849,.to ,5.7, inclusive, Uib:p'etxports;.bf :a'iHcie '.amounted to 8271,00q,000 from 1858 to,;1860, inf ciuswe, ,to ..j8i43,00q,0O0; - an4 row ifil, tol8C7, waive,,;$322,00040p0 -ualving tlaggrogateof actCTibxts siuce UiXffl, 5i,yy)J,UUU. -..awese tuurea allow an excess of ncoduct over areASi Wq. rfiafUW tU,AKX0W iu anka in nil aboui Rtfif) Wiy,spmetuiuS,,,mof9 ,MmVWff 000 (iu cwulfitio.'pn (the pacific. Coat, .n4 ., WL, A'dJipufl,,m. the .National i n .... &)e lb!fci)i!zbuvQ Hopubltcau, jrcbncsJJay, December II,' 1SCT. account the specie in tho country prior to 1810. '.caves more than three hun dred millions of dollars which have not been accounted lor by exporta tion, and therefore may yet remain in the country. These are important facts, and show how completely tho inferior currency will supercede tho better, forcing it from circulation among the masses, and causing-it- to-be. exported as a 1 mere article of trade, to add to the money capital of foreign lands. They show the necesity of retiring our paper money, that tho return of gold and silver to the avenues of trade may be invited, and a demand created which will cause the retention at home of at least so much of the productions of our rich and inexhaustible gold bear ing fields as may Iks sufficient for pur poses of circulation. It is unreason able to expect a return to a sound cur rency so long as the Government, by continuing to issue irredeemable notes, fills tho channels of circulation -with depreciated paper. Notwithstanding a coinage bv our mints, since 1840, of eight hundred and seventy-four mill ions of dollars, tho people are now strangers to tho currency which was designed for their use anil benefit, and specimens of the precious metals War ing the national device are seldom seen, except when produced to gratify the interest excited by their novelty., I f depreciated paper is to be continued as the permanent currency of the country, and all our coin is to become a mere' article of traffic, and specula-' tion, to the enhancement in price of all that is indispensable to the comfort of the people, it would be wiss economy to abolish our mints, thus saving the nation the care and expense incident to such establishments, and let all our precious metals be exported in bullion, flic time has ci.mc, however, when the Government and National Ranks should -he required to take the most efficient steps and make all necessary arrangements tor the resumption ot specie payments at the cirliest prneti- caiiie period. . i Specie payments having been by" ment and Ranks, oil notes or bills of paper issued by cither of a less de nomination than twenty dollars should by law be excluded from circulation,' so that the people may have the bene liUand convenience of a gold and silver currency which in all their business transactions will bo uniform in value at home and abroad. "Every man of property, of industry, every man who desires to preserve what ho honestly possesses, or to ob tain what ho can honestly earn, has a direct interest in maintaining n safe circulating medium such a medium as shall be real and substantial, not liable to vibrate with opinions, not subject to be blown up or blown down, but be stable and secure. A disordered currency is one of the greatest political evils, it uuacrmmcs u;e virtuci necessary to hc sunnort of tho social systei destr stem, and encourages propensities active of its happiness ; it wais against industry, frugality, and econo my, and it fosters the evil spirit of ex travagance and speculation." It has been asserted by one of our profound anil n.ost gifted statesmen, that "of all the contrivances for cheating the labor ing classes of mankind, none has been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's f elds by the sweat of the poor man's brow. Ordinary tyramiy, oppression, excessive taxation these bear lightly on the happiness of the mass of the community compared with a fraudulent currency, and the robber ies committed by depreciated paper. Our own history has recorded for our instruction enough, ami more than enough of the demoralizing tendency, jthc inju-tiee, and the intolerable op pression on tho virtuous and well dis posed, of a 'degraded paper currency, authorized by law or in any way countenanced by Government." It is one of the most successful devices, in times of peace or war, expansions or revulsions, to accomplish tho transfer of all the precious metals from the great mass of the people into the hands of the few'; w here they arc hoarded in secret places) ' .or deposited iu strong boxes under bolts and bars, while the people are left to endure all tho incon-" venience, sacrifice, and demoralization resulting from tho use of a depreciated and worthless paper money, . . " Tho condition of our finances and the operations of our revenue system are set forth and fully explained in the able and instructive report of the Sec retary of the Treasury. On the 30th of Juiie, 1866, the public debtamount ed to $2,783,425,879 ; on'the 30th of June Inst it was 82,692,1 99,215, show ing a reduction during the fiscal vear cf $91,226,664. During the fiscal yer ending' June SOtli, 1867, the re ceipts were 8190,634,010, and the ex-pcnditin-es "f 34.0,729,1 29, leaving an available surplus of $143,904,880. It is estimated . that the receipts for the fiscal year endh:g June 30, 1868, will be $4 17,1 6 1,928, and that the expendi tures will reach the ?um of $393,269, 226, leaving iu the Treasury a surplus of !si23,892,'702.' For ti:o fiscal year ending June 30, 1869, it i; estimated that the receipts will amount to $381, OQO,000,"nnd that tho. expenditures will ,,bc $.72,000,000, : showing an excess of jOOpXK) in favor of the Gpvcrnmput, . , ' ;, , i' ' ' . The attention of Congress is earnest ly .invited, to i the necessity of a thoro ugh; revision of our revenue system. Our inte-cpal rcyenuo Ijuys' nud impost system should (be so adjusted as to bear most heavily qnarticles of luxury, leav ing the iiec8saries of life as free from taxation, as may be consistent with the rod wauls pf the Go vernment, eco nomical Iy ,'.,adnin ifltcrcd. ,, Taxation wuW not then fall uijdqly on tho man of moderate lueans j and while npno would,Le, iUire)y exempt from assess ment,!, ,bi proportion to their pecu-.uiaryjaiglitwo-tU coutributc toward the support of tho State. A modifi cation of tlio-internal reveuie system, by a largo reduction in the mindicr ot articles' now subject' to tat, 'Would be followed by results equally advanta geous to the citizen of theGovcrnment. It Would render -the execution of the law lesa expensive' and more certain, remove obstructions to industry, lessen the temptations to evade tho law, diminish the violations and frauds per petrated u;oii il-t provisions, make its operations less inquisitorial, and great ly reduce in numbers the army of tax gatherers created by the system, who "take from the mout of honest laW the bread it has earned." Retrench ment, reform, and economy, should le carried into every -branch of the public service- that the exiMmdituro of the Government maybe reduced and the people relieved from taxation ; a sound currency should be restored, and the" public fiiith in regard to the national debt sacredly observed. The accomplishments of theso important results, together with tho restoration of the Union of the States upon tho principles ef the CoAstitution, would inspire confidence at home and abroad in the stability of Our institutions, and bring to the, nation prosperity, peace and good will. . The report of the Secretary of War ad interim exhibits the operations of the army and of the several Rurcaus of tho War IVpartmont. The aggregate strength of our military force, on the 39th of September lust, was 56,315. tho total estimate for military appro priations is $77,124,707, including a deficiency in last year's appropriation of $13,000,000. Tho payment ut the Treasury on account of the service of the War department from January 1, to October 2!), 1867 a period of ten months amounted to $109,807,000. The expenses of themilitary establish ment, as well as the numbers of the army, are now three tunes as great as they have ever bn in time of peace ; while the discretionary power is vested in tho Executive, to add millions to this expenditure by tin increase of the army to the maximum strength allow ed by the law. j . The menacing-attitude of some of the warlike bands of Indians inhabit ing the district of country between the Arkansas and l'lattc rivers, and por tions of Dakotah 1 Territory, required the presence of a large military force in that region. Instigated by real or imaginary grievances, the Indians oc casionally committed acts of lwrburous violence upon emigrants and our frontier setllehicnts ; but a general Indian war has been providentially averted. The Commissioners under the act of. 2h July, 1867, wero in vested with full power to adjust exist ing difficulties, negotiate treaties with the disaffected bands, and select for them reservations remote from the travelled routes between the Mississip pi and the Pacifc. ! '1 hey entered with out delay upon the execution of their trust, but have not yet made any olli cii',1 rcpvrt of their proceedings. It is of vital importance that our distant Territories should be exempt from Indian outbreaks, and that the con struction of the l'aeilio Railroad, an object of national' importance, should not be iiitcri'iiptciMv hostile tribes. These objects, as well as tho material interests and the moral and intellectual improvement of the Indians, can be mosteflcctiially secured by concentrat ing them upon portions ot country set apart ; for their exclusive use, and located at'points remote from our high ways and encroaching white settle ments. Since the commencement of the sec ond session of the Thirty-ninth Con gress, five hundred and' ten miles of road ha vo .been (Constructed on the main line and brandies of the Pacific Railway. The lino from Omaha is rapidly approaching tho Eastern base ot the Kocky Mountains, whilst tne terminus of- tho' last section cf con structed road in California, accepted by the Government oii the 24th day of October' last, whs-'but eleven miles distant from the summit of the Sierra Nevada. Tho remarkable energy evinced by the Companies offers the strongest assurance' that the comple tion of the road frora Sacramento to Omaha will not bo long deferred. During, the last fiscal year seven million forty-one - thousand one hun drel and fourteen acres of public land were disposed of, and the cash receipts from sales and fees exceeded one-half million dollars the sum realized frora those sources during the preceding year. The amount paid to pensioners, including expenses) of -disburdcmcnts, was $18,610,965,and thirty-six thous and four hundred , and eighty-two names wero added to thu rolls. The entire number of pensioners on the 39th of Juno last was one hundred and fifty-five thousand four hundred und seventy four. Eleven thousand six huudred and fifty-five patents and designs were issued during the year ending Sept. 30,- 1867, und nt that date tho balance iu the Treasury to the credit' -of tho , Patent fund was $286,607,'' '; The report of tlie Secretnry of the N-y sunn tli .t wo bavu aeVeu HU.iilion actively ami judiciously employed, under elllcietit ami able cominnndrrs j In protecting thu pi-i-tons QUd prtipert? of Amcricua citizens, m lintain lug tliu diilU- and power ol lk (JovernnKnt, ami uromotiiiE- thu commerce and bufiness intermtn of our n norryiren in evoiy putt t.f (lie Vfoill Oi Uw two bundled and Uilriy elgiit vissulBCotiiiwiD;' Itif pre ut navy of the l!uitei biiile fifty -sin' carrying f!v humlrtd and b, T(-U g-uus aiu in aqnaJrun (mice During tlie year tlie number of vtsselsiiijeom Duiwinii baa beta reduced twelve, aud there are tlmtocn Ices ou qu.tdron duty than there wuiealCiedaleuf ilw-lut reporU A luiyn number of VesBcli be commenced and in lite counts of construction when the war ter minated, and although; Congress had niado the tiecctuui'Y appropriations for their comple tion. Hi uetMutiueot tiaa either tUBuendcd work upon -tham or limited tlia alow comple tion, tho Department, has either atiBpenilcrl work upon them or limited the alow comple tion ol the steam veeacia, ao at to -meet Uie contructa lor mnuuiiiery maue with private ea toblidhniunts. The total expenditures of Ihe Nbvv Department for the fiscal rear endlnir June 30, lBttT, were SI,0S,0ll. No appropriations , have been- Bade ot requind since Uio close of tho war fyr the constructioa ' .-'c ' l- -' ' - i" : and repnir if vesaela, for sU-am machinery nrtluance, provisions and clolliine, furl and Li-nip, ' 4c., the balance, under ihese aevend bead having been more lhan sutlieient for cm runt exH.-nilitnrea. It should also be stat ed to thu credit of the lViwitiucnt that, be sides asking no appropriations tor the above objects for tlio last two years, the Secretary of the Navy. ontheSnthot September last, in accordance with the act of May I, 18'H, re quested the Secretary ol Ihe Treasury to carry to the surplus fund the sum of sixty-tiro mill ions of dollars, being the amount received from the sales cf vessels and other war prop erty, and the remnants of Ihe former approp riations, r.: The report of the Postmaster General show the business of the I'ostolllco Department and tho condition of tlie posUI service in a very favorable light, and the attention of Con gress is ca.lcil to its practical recommenda tions. Tlie receipts of the Department for the year ending Jung SO, 18U7, including all spe cial appropriations for sea and land service and for free mail matter, wero $19,078,693. The expenditures for all purposes were $19,235' 483, leaving an unexpended balance in favor of Ihe Department of (743,210, which can be applied towards the expenses of the Depart ment for tho current year. The Increase of postal revenue, independent of spccillc appro priation, II r the year 18(17, over that of 18(i(, was (430,040. The lucrcrse of revsoue from the sale of stamps and Btampcd envelopes waa (783,401. The Increase of expenditures for 1857 over those of the nreyloua year was owing chiefly to the extension of the land and ocean mail service. During the past year new postal conventions have been ratified and ex changed with tho United Kingdom of Great lhilain and Ireland, llclgium, the Netherlands, Switzerland, the North German I'uion, Italy, aud tho Colonial Government at Hong Kong, reducing very largely the rates of ocean and land postages to aud from and within these counti ief. The report of tho Actiug Commissioner of AgrlcultuiS concisely presents tho condition, wants, and progress of au interest eminently worthy of lhclosteilngui.ro of Congress, and exhibits a largo measure of useful results achieved during tho year to which it refers, The re-estahlnhmcnt of peace nt home and tho resumption of exteuded trade, travel aud commerce abroad, bavo served to increase the number and vaiietv of questions in the depait uien i of foreign alliiii s. Nouo of these ques tions, however, have ceiiously disturbed our relations with other States. Tho He-public of Mexico, having been re leived from foreign intervention, U earnestly engaged lu ctlorts to to- establish her constitu tional system of government. A good under standing continues to exist between cur Gov ernment nnd the Republicans of Haytl and San I), min go, and our cardinal rehions with the Central und South Amciicau Slules remain nnchunjied. The tender, made in conformity with a n solution of Coiigri ss, of the good of fices of Ihe Government, .with a view to an amicable adjustment of ieaee between Dra7.il and Hit ullics, on one side nnd f urneuav on tho other, and between Chill and her ullle, on one side, und Spain on the other, though kindly itceiveil, has in neither case been ful ly uceeptcd bv the iielhircrer Is. Tlio war lit the Valley of the Parana is stiil viorounly niaiRiiiiueu. un tiicouicniunti.nctuui nosuii- ties between tlio Pacific Statesnnd Spain have uccu moru than a year suspended i shall, on any proper occasion that nny occur, renew the conciliatory recomnicniiali, ns wlucli have been already made. Limv.il, wi;h culighicncd saacily uul comprehensive ftalesmnnship, lus opened the great channels of the Amazon and its tiiliulni ies to universal commerce. One thing more seems n cdful to arsuro a rapid and cheeiing progress In South America. I reler to those peaceful habits wiihout which Klines aud Nations cannot. In this age, well cxp-.'ct niuterhd prosporiiy or social advance ment. The Flxpoi-itlnnof Univc'Hiil Industry nt Purls lias passed, nnd seems to have fully realized the high expectations of Ihe French Govern ment. If due allow nice bo made for the re cent political ilenuigi'iiiei.t fit imuistry hero, the (Mil which Ihe L'niUd Stales has hoir.c, in lbi exhibition of invention nnd nit may be l'l giiiiled with very hih naiisiiwtlon. During the Exposition, u conference wa held by (leleguti.'S from tlio several nations, the United Stan's being one, iu which the inconvc ulences to commerce and social intercourse nsuiting from diverse simulants of money value were lully discuscd ; nnd plana wero developed for establishing by universal consent a common principle for the coinage of gold. Tlicso con I'crences are i xpected to he renewed with tho ntti nd.uice of many foreign Sla'.ts not biiherlo represented. A report of these intereslirg proceedings will ho submitted to Conerjss, which will no doubt justly appreciate the great ob'ect, nnd bo ready to adopt any measure which may tcud to facilitate its ultimate ac complishment, On tlie twenty-flfih of February, 1?02, Con gress declared by law that the Treasury notes without Interest, authorized by that act, should bo legal tenders in Uie payment of all debts, pnblie and private, within the United Slates. An annual remittance of (30,000, less stipu lated expenso, accrues tq claimants umUr tho convention made with Spaih In 1831. These remittances, since tho pagsage'of Uio act, have been paid in such notes. The claimants in sist that tlio Government ought to require payment iu coin. The subject may be deem ed worthy of your attent ion. No arrangements have as yet been reached for tlie settlement of our claims for British depredations upon tlio commerce of the Unitcd States. I have felt llrr.y duty to de cline a nropos'.tion of arbitration made by Her Majesty's Government, bia-uso it has hitherto, been accompanied by reservations and limi tations with the rights, interests and honor of nur country, It is not to be apprehended that Grout liiluiin will persist In bcr retusal to satisfy these just and reasonable claims which involve the sacred .principle henceforth not more important to the United States than all otoer commercial nations. Tiie West India Islands were settled and colonized by European States, simultaneously with the settlement and colonisation of the American Continent, Most of tho colonies planted here became independent nations in tho close of the last, and beginning of the nresent centurv. Our own country embraces communities which atone period were tiie Colonies of Groat Hiitain, Fr ince, Spain. Po land, Sweden and Hussia. The peoplo in the West Indies, Willi the exception oi moae oi uie Island of Hayti, have neither attained nor asii:ed to Independence. nr have they becoma prepaid! for self defence; although possessing considerable coinnrerct 1 value l!:sy nave uuen neiti ny aevepii r.-jiupeau cuittB, which colonized and at Ihe sama conquered them, chiefly for purposes of military and nuval strategy, In can) in, out the European policvnnd designs in regard to this continent in our own revolull mary war ports and har bors In tlie West India Islands w, ro used by our enemy to the great Injury and embarrass ment ot tlie LmlcU plates, rvc Lau eue same expel ie-nce lu our second war with Great Hi itain. The same European policy ior a long time excluded us even from tr.ids with the West Indies, while we were at peace with all nations. In our ree-cnt war the rebels r.nd their pirmiral and blockade treating allies lound fac iiiilea In some ports for work which they too successfully accomplished, ol injuring and devastating a c unmerce which we are now engaged in rebuilding. Wo labored es pecialiy unuer tins aisaciv.inuige wutn r.uro lican steam vessels employed by our enemies found friendly shelter, protection and supplies in tbe West Indian ixirts, while our own naval owr tic ns were carried on from our owu distant shore. There was then a univer sal feeling of the wanl of an advanced naval out post between the Atlantic coast nnd Europe. The duty of olrtainlng such an out post peacefully and lawlully, while neither was dui lug nor menacing injury to the other Stairs, earnestly engaged ihe attention of the Executive Department befo.e the close of the war and it has nut been lost sight of since that time. A not entirely dissimilar naval want revealed Itself during the same period on the Pacific coast, and the required Ibolbnld there as fortunately secured by our late treatv with the Einneror of Russia, and it now teems imperative that the obvious necessities of the Atlantic coaat should not be less care lully provided, for a good and convenient port and harbirr capable oi asy ueience wui tmi'uij that want with the possession of such a station bv the United Htatea. Neither we hoi- any ..it.-, i .o.n nail, m need no lonace appre bend injury or offence from any trans-AUaulle enemy, i agree wim ..--, .v., vr. Indies naturally KTavltaM to, and may be eipeotsd ullimaUly to be abaorti eoV by tbe continental Butes, Including our own. I agree with them 4laoJtha It Is wise to T,, J Hi . .' i u -'i ,i' leave the quesiiou of such absorption to this process of natural political ffravitation. Tlie islands or St. Thomas and St. Johua, which constituto a portion of the group called Virgiu Islands, seemed to otfef us advantages imme diately desirable, While their acquisition could be secured in harmony with Uie principles to which I have alluded. A treat v has, there fore, been concluded with tlio King of Den mark for the .cession of those island, and will be submitted to ths Senate for consideration. It will hardly bo necessary to call the atten tion of Congress to the subject of providiug for the payment to Kussia the sum stipulated In tho treaty for '.he cession of Alaska posses sions, it having bern fonnerlj deliveretl to our Commissioner. The Uinitorr remains lor Ihe present In charge of a inililary force, awaiting such civil organization as shall bo drcclcd by Congrvsj. The annexation of many small Gernii.n tatt-8 to Prussia, aud tho reorganization ol that country under a new aud lilieral Consti tution, have induced me to renew tlie effort to obtain a juy and prompt settlement of a long vexed question concerning the Claims of for eign States for military service from their sub jects naturalized In tho United States. In connection witu this sutiject me aucntton oi Congress is respectfully call-id to a singular and embarrassing coullict of laws. The Ex ecutive Department of this Government has hitherto uniformly held, as It now holds, that nalurolizalion in eonl'onni'y with tlie Consti tution and laws of the United S'utcs absolves the recipient from bis native iillegiiiuce. The The Courts of Great Britain hold that allegi ance to t'ie Urllish crown Is indefensiblo, aud Is not absolved by our laws of naturalization, and llrilish judges cite courts and law authori ties of the United States in support of that theory against the position held by the Exec utive authority of the Uuiled States. This con diet perplexes the public mind concerning rights of naturalized c itizens and impairs nati onal authority abroad. I called attention to this subject iu my lust annual message, and now again respectfully spci;l to Congress to declare the national will uuuiistakab y upon this imiMirtunl question. ASuso of our laws hy clandesllno prosecu tion oftho African slave trade, from American ports, or by American citizens has alogelher ceased, anil um'or existing circumstances no apprehension of its renewal in this part of the world aro established. Under the chcuia stancos, it. becomes a question whether wo shall not propose to Her Majesty's Govern ment a suspension or discontinuance of stipu lations for nmintainiiw a naval force for tho suppression of lhat trado (Signed) Axnni;w Joussos WasHiNUTOX, Dec. 3, I8U7. WAYNES 15UKG, PENN'A. YVlnoNils.y, ltc. 11, TILE .MKNNAUE. Wc give tho President n fair hear ing this weefe;- notwithstanding the great length of tho paper seems pur posely to lorunl country newspapers from publishing it. . What good can grow out of tho Executive's word i - ncss transcends our imagination. It is not our purpose, even had wc the space, to travel over his old stamping ground of error and sophistry. On many points, the most important that of Keconsi ruction, hn refuses to be guided by truth. 1 1 is statements are at war with stubborn (acts, and he should have learned ere this that tho great mass of the people so declare. AV hen the men who fought the war determine squarely to surrender the Government to beaten traitors then his position on restoration will h?. analogous to his as sertion. They are nut likely soon to make such concession anil tho quibb ling dotard should know that it is past his power, be has yet tho-t'U'rontery, to use a mistaken action on entirely different questions in behalf of his Southern allies with effect. IIo in dulges in a pleasing bit of bruggadoeia at the expense of the impenchers which may draw upon him the fire of a few blusterers. The mcssago is before you, however, and wc invito its . perusal both that you may sco its glaring iliscrepuueies nnd glean the few grains of wisdom concerning financial alTairs and other topics. . THE UZlA.Vr MOVF.MK.Vr. Our captious neighbor, thinks be cause Thad. Stevens declared wc should "throw conscience to the devil," in Icnling with Southern rebels that every Republican is bound to agree with bim. So in regard to the past action of Con gress. However much wo may de plore a harsh course toward tho unre constructed States and tho methods taken to bring them back safely into the Union fold, and it may be to a great or less degree felt by all Repub licans, we have the one idea iu view a restoration that shall secure perman ent peace, on the basis of impartial rights and justice to all men. In the main the policy of the Democratic party and of the Executive has oppos ed this whilst that of Congress has been its only support. Congress represents tho peoplo upon this question. With this leading sentiment for a watchword tho peoplo have nominated Grant for tho next Presidency. His testimony before tho impeachment committee may be garbled and quoted and lauded, by Democratic journals to destroy the public faith in a worthy sarvaut, to no effect. IIo has Spokeu m word stronger even than m deed tor tu? right. . We commend the following truths, spoken by Gen'l. Sickles, the other night iu New York, to tho con sideration of those who think "his (Grant's) policy is as far as possible from the one proposed by Congress aud tho Radicals party proper., Speaking of the Congressional plan of " . .. -I i - i reconstruction 'he saiu : . '": "You hasfo-scctt under what embar rassment and 'difficulties, resulting from ninny source?, Jhat plnn of recon struction has been conducted, but you have seen this,' also - that While it has encountered the almost irresistible power, patronage and influence of the Executive, it has neycr for a moment lacked the steady, loyal, faithful gun- port of. tho;Qiwl-iu- Armies'. Cheers. J assing any ref. . fereuoe to myself, except to take this 1 oceasiiin to express my appreciation and '," gratitiulo for the support so Btcudily -. given to nie while in command in tho Carol inas, amid all tho trying diflicuU tics of that position, let nio for illustra- ; tion of what 1 have just said, point you to tho manly, soldier-like, true friend ship and devotion to duty, manifested ' in the strugglo initio by tho gallant Sheridan. Ijoud cheering and wav--' ing of hats and handkerchiefs. Thero was Sheridan sent to New Orleans with a handful of men to control all tho turbulent elements of Louisana and Texas ; to restore order out of an archy ; to bring an unwilling people to a sense of nllegitinco to our flag and . Constitution and laws ; to extend .tho hand of protection to tho helpless ne gro, whom wo have emancipated and whom wc had called a freed men, but to whom wo had given no means to protect this freedom by his franchise: obliged to t-hclter from persecution and tyranny una outrage- tho loyal whites ; compelled tonlford security to North ern capitalists who went down therein the conliticuco that au American cit izen presumes be may always feel that wliorever lie goes, nt least within our territory, tho hand of power, whether civil or military, will always be exert- , ed and held over him to protect him from outrage. Sheridan went out to' perform thisdillliiilt, delicate and re sponsible task, llo was arraigned and dismissed for what? Simply forcx-exee-uting the laws of the land passed by the Congress of tho United Slates, tho representatives of the people. Ap plause. Pid Grant stand upon any mere (iicstion of inililary cterpiette? Did he wrap himself up iu that reserve and silenco which thoso who would liko to provoke distrust tell is his shield ami Ins own security ? No I Not content with remonstrances, not content with ollicial appeal, ho tat down instantly nthis desk, and penned iit wonts that w ill not die, in language doing equal honor to bis intellect as tho sentiments do to bis heart ho penned that glorious rctiionstrnuce to tho Executive, appealing to him to do justice to tho sense of duty and tho well meant efforts of a faithful soldier who had done the State some service,. I .. C. ,.!,.,.. nt l.,t ! ll.ot .uiu tllltt IU 1,'OAtU) fit, .v.iav 111 illl iu..y from striking down au olucor for ob ,sct - v ing nnd executing the laws of tlio- IuikI. Chccrs.J Ami here, my friends yon tee in this narrative which. I ilo not menu to make tedious to you. thnt 1 point out to you in every in stance where bissense of duty would permit that tho General-in-Chief of the iirmy has been as frankly outspo ken and unreserved as-it ww possible; or proper or becoming lor an oilmen in Ins position to lie. llucarcv ,ioi man is in doubt us to tlio BcutinienU. of On. Grunt upon (he great (fuostioiii now lielore tliccouiitry unless tliataiuih wants to be. Applause. Anigntr-, a. ire upon u matter so plain and so eas ily as'-crla:nc I itnel understood would I think, exclude any i-ueli man from the exercise of the ballot if we hud an educational qualification. Laughter, Nor na?d our neighbor, "remind conservative Republicans whonro so anxious for tho nomination of Grant, that no National Convention embody ing the opposition t; Democracy, can convene in which the RivJicaU will, not predominate and have flic power to dictate tlio candidate and the plat form." Wo adopt tho language of tho Siute Guard on this point. It is very, evident, says that paper, that tho peo ple will not allow any of the broken down politiul backs who aro always ready forprominoncc, to rida into favor in company with Gjii. Gran!. . Popu lar demonstration for the Hero of thft War is not indiscriminate approval or acceptance of all tho demagogues who are now conniving to hang to Grant's spurs ns he rides into high honors. Wo have always taken it, that the move ment in favor of Grant is a people's, und not n politician's movement; The peopj? want to make Grant President that they -nay 'thereby- be able to get rid of soo of the politicians who for years have turn feeding and ittening,- ' on tho vitals of Covernnient. Oa this account, wo advise the jwlitica! lack who now calculate to Jiudi a point by; vociferating for Grant, to stand, aside and let the soldiers whom Grant lea to victory make Grant President.1'- ' ; I This is timely - warning V stano! from under'' or be wsquuslt!J!. YT you heed it Doruoerata.? . i , -. '. i .f ..- .- 1- -i. ... ., i New Yojik spoke for Gen, Grant;, on the 4th inst., in a gatheriug ; which is not often seen in tlic-Metropolis. u It-, is represented to have-been; the imost enthusiastic meeting over held, in that, city, nnd rcpeaenta,all tlie great, jne chaniewl, mercantile, financial i Jtni professional classes. Popidar ! prefer-, ence in favor of Grant, says the' Stole Quard,U about as hard1 .to, ' wUhsjan-l' as wa Grant's' fighting itmst .trea- son.'1 ; -I. m :iim. ,!',MAYORHoVrA re-elected Mayor pf -Nsw-York ftty, last week ovcrFernande; WoodfteWQ crat) and Jas. K Darling (IkpoNk1 ..:.,e,-,nmA:::i.j..: " Impeachment ui th House 'was1', lost by 108 Nays to. 57 '.Af. -Lawrence voted Nay n,,, i.t Gen., &rEAiMA has bceil stflctetf by apoplexy,, aud is -Jo JfiPggT. ously ill at .Waahington.. !i . v.ii; . CounT. -Thp , Deociubetf; terrnof our Court commcopes on. Monday nextv "riB- ii't.-li i1 i. i.-f v'-.-'-nrt wi-itt.-j i