• ... . . • • AM - Oat ..... Artrentimltlllat ~ • Or mimich on 1: -., • • 4.11: ..... 111A10. ,- •, •,r,•• . 1 ....• ... 1 . .-Ft 4ciala sa TeariT A dTelti t s 'APPfiflidit f r iafillk • • ,•- ' ••• - • • t•ks s • ,A y• . " i 'I ' A apace Nth". t ~ . ' .• .' . , , u" I „ 11,_,.-eet under • bead by th . . . • • • i' • '.l 1 ;• ''.-. • ''"r i "'"'• — • tety alter the load news, wig • ' -i I • it,i,i,' :.! . ' 1 .•,-. 'sib .1 : 1.1 in.!: :, Kivi 110 at% tea cents a line ha earl lase • 1 ,;.).1 1, ... .: - :1•.1 •••;f -• rharg'e 4 ; 1/0121170itciz:77 iis ?ll_ . Srrhiges and data armeaneed date( e _ The pnblisher moan:* the sight to change a - _ • Of ements from one place in the paper Ticelother whenever It is desirable to do so. __ AdvertimMento should be doodad that week inbeferam ,s dsr noon 0., Wens 4 . 111e111,1011 I n 1 ,. • • : 1 0, 1 1 1 5 ,1111*.31 " 1 _ 0 Business Cards. --- pR. J. It. LOCKHART, I,..4S,ltrfOrtrat" n. Greer, • . • rrlitteet,,lterbanirlan and Engineer ot Ads Vaian Mann%dire., URIco • L.Eber art. • 1.e.• Engineer and Survecor, New Brighton, $ urreye. Itaria.i.ud Pro Idea trade on short oke, pIT69. At twat, Al Low, Dover, FA. OrIICE in the. ir tioud lidiel at Collectione, e., Kamp y tiended, to. teptsea:ly., Dr" Marquis & Cunningham. i ~ . practicing Thrilelans. Rozhester Pa.. Waco two doors east or Ankeny's Hotel. Prompt 111101- don given to all call.. spr29Cci:ll. '- - ,, f1 -- 5 , ' - rse - '• . f -P t - - - - licasfiT Bel.9.Slratlikfir. TM!: Fall session opened Septembor 8. 1888. This pohoOl Po loot and socces%fally conductedby Proti Taylor ;amt aide assistants, offers extensive coder I es to the Classics. English and Itome. .Fcr ,Cet &loam% addrcoS - . )t. T• TATLOtt. Irldif 'asr Partnership, • J. 11. CENNINGIIAM... E. P. KUHN. (TXXINGILLV • A itnrnryiNt tail. Office Thin] IP treet,peaver. NEM p,` JEUNET. • Watch Maker and Jeweler, min street( Bearer, Pa. (In room adjoining J. Wiiooll'd OMCC.) Gold. watches and throw • .ometer repaired and warranted. Engraving + l ollclte In order. The patroilege of the public is em.l atlsfactlon naranteed. (.Ire tin trial. • eprIT:IIM3m; , , ,• ~ 1 nil i erlgned woul d . re• torm lh te has pe c lll t • e tt n n ' On o ie f e IBnlveear fur the practice of Dentistry. lie has had ~.....111emblehanpriance In Ms prof. and 11.1tIervi IMMelf to be able tei give genera! satisfac- Bon In his lisinese. .PrOnles In the old "Gonnly Iloter j - Third street,. Beaver, W. All work wamin6 rd fur mm ear. I F. it. oostiorm. • MEM D R. W. DENTIST, Third Street, :Bearer, Pa. (Ovzn Ire LOCAL Orrick.) Altai rtattetitnted, from Ohio. lettere lot been foraged thd 'practice of his proles. with one of tee best dentists In the contact. All work executed - lu style awl at :prices de. f. tug coropetatou. supt43llB:ly Deliver Ludt& Seminary.—win open on LP the fith of September next. Pupil. received ot every :stage of advancement. i n the Primary Department bop, a:(1 Jr!. received Young men Il tr l n ly n titrat o ll jlic nclpal in his own room: ‘ Our p4rposo le h o eattriThoh the reputation or 'the' ahead oh torough -scholanblp In every nranth 'ladled.. /t at . Importan t that peptic should bispeeieni at tho opening of the arhool. and continue 'weir In thole attendance. Haring had over one hundred enrolled during the Nutt year, wo hope for a • large incresixe da ring the coming year. D. 11. A. ]PLEAS, Principal. nugil'atf • T. PARKER. 1111.Mli( )PATI I ICAII YS It' N LEON Tenders his professional services to the citizens of diochest,r and surrounding towns. ha would 'say thatte pays particular attention tti Surgery. Illunteu s mode distingnishing discuses enables hint to offer gin( relief to persons suffering ulth chronic disneases. Ile will also aid thet [physi cians ins srgery ad thedingooses of difficult cases by haring timely notice. Office on the Diamond, too tioors'enst of con way's store and nearly opposite Mr. Johnson's grocery, Moat ster, hearer county. l'a. Deeln. (OLDSMIT, ilnitufactarerWhoWade. DeAlar lu. -. CIGARS AND TOBACCO, 301.11w/IY, oppoPite Wayne St., l'inAnrgli ;.7 - I . er.ons purchasing Cigar. of hint eau al w,,yw be sure of getting the rams article, a, Ile mar ufaettirea them under hi. own outpervioton and' can outnatee perfect Astlffaction. norllarti _ . Tt ouse Furnishing Goods, WHOLESALE and HERM! I' I'l'l EU, qUE NSWA It E. 'LOOKING thaw .ow and: 'ware. Ab.o. NVooden and Willow mare, Market and Fancy Dm , . let.. brushew, Kitchen Setin. (loth. Wringer. FRUIT JARS AND CANS country Merchnnto will find It to ttw:lr advent litre to give us a .101 And examine uur stock he fore tnnkiuc their LEG(:A.k to.. Nn 1 . 14 Federal St., Allechtwly City, Pa.' imps, Glasaware and i'arbon .1. P. snrris Ilnuancturer4 and Whole.ale Dealer. Crud Jars and Fruit Vat in connection with Limps. Cruindellers, (Thon.waro i•nd Carbon 011 . trade. Manson Willoliglibf a and 'Nen man'aSelf sealers Union, 0. K. and Cork (Ann. Jars, Hock ',wham and Tin of the cep• beat in the Market, holesale and retail. 3090 pounds IX/, and XXX Vrillt 'Van oat received, please 'call before pur . J. P. SMITH & CO., 187 Liberty irilfwbargh, Pl'Bsl'. ~.1. Wholesale and Retail Dealer rtn(t rr-E.As. FOREIGN & DOMESTIC FRUIT, Pickleg, Are. All ILIcoIH of eduotry Produce -1,01,1 on row nO.glon. non prompt retonn.mod... 'NO. 49 FEDERAL STREET, Allegheny City, re'n II krr: C I ))I.IILIA & PHILLIPS, AUCTIONEERS LEM COMMISSION MERCIIAMTS. Okra Bone Auction Room, Boots, Shoes, t; rpets, Dry Good 4 and otions r. PLICATE SAT.. DAV AND EVF:NING. apr2Vivklr. WILRsCH .11c I.I.IITFORD. No CA) Filth S Mr .1 la ve upw (Awned the Fives% Selection of FALL AND WINTER Ilt)orrsAr SHOES, Wh they AM orillll7. It GREAT BARGAINS IMO LOW PRIGS 13=9 NO. 100, MARKET STREET, Corner of Fifth, Pittsburgh, Pa. X. 14 ILLIIII,I 1 , „ s. THE•PIigOANT'SIESSAGt ' The . Preeldent; in his message - tip' Cougpee.ii last week,- after ' WA' usual denunciation of the . - reeen'structloh faits of Congresi and the elvil tenure WEI Titrigrfolbows: The condition of finances &friends As rsly`riznl Meet r~onbidetj op orrkfi)gr.ess..:compFed . with the grmetli fi`uriiohifliftieritiMblic ex penditures have reachedan tunount unpreeedented In our history. The populetitei - Of the, United States In` 1790 was nearly four millions of we phi; increasing , each decade about thirtyper cent,t reached in 1861111ifrepenh millions; an increase of sevep hundred per cent, on the population in 1790.• In 1869, it is oil timated it will reach thirty-eight milktotypor,M,lperetss49f.eight bun dreitd and slaty-eight per"cent . In seventy-nine years.. The , -anual penditWee thes , Federal Govenf- . Meitt 16•17g1 were four millions two 4fuedred -thousand dollars. In 18214 eighteen mfirieniftwislemdred thou sand dollars. IfllBso, forty one mil lions.v. In , 1800, sixty-three In 1865, nearly thirteen, hundred millions; and in 1869, it is estimated by the Secretary of the Treasury In his last anual report that r they will reach three .humhed afalseventy-two millions. By Oinpging the public disburse - "1809 a , -itifnatedWitithose Eli kick Of 1791‘;1t. will be seen ithut , the crease Anti, the begining of our Gov -eminent has. been eight thousand six hundred mid-eighteen per cent, in which the increase of the population for the same period was only eight hundred' and sixty-eight per dent. 'AVgainithe expenses of the 'Govern-, ment io 1890; the year of peace im medintely preceding the war, it is estimated they will be_ three hen dread and seventy millions, an in crease of four hundred and eighty nine per eentum, while the increase of populatiOn was only twenty-one per mutant for the Rune period. These statistics further Show, that' in 1791 the annual natimutilexpenses compared with the population were but little more than one dollar per capita, and in Is6o, two dollars per! capita, while in 1899 they will reach !I the extravagant sum of nine dollars and seventy-eight 'eenttl - pet t capita.' It will be observed that all of these statements referred to, exhibit the disbursements of peace periods. It may therefore be of interest to Linn pare the expenditures of the three war periods, the war with Great Britain, the Mexican war and the war of the rebellion. In 1814 the au-, ual ex4iensica incident to the war of 1812 Iftelled the'brghent' amount, about $31,000,000, while our popula tion slightly exceeded 8,000,000,' shawing an expenditure of Only three dialers tied eighty cents per capita. In 1847 the expenditures growing out of the war-with Mexico,,reached fifty-five millions and the ' popula tion about twenty-one millions, giv -lug only two dollars and sixty cents per capita for the war expenses of that year. In 1865 the expenditure called for by the, rebellion, reatiped the vast amount of twelve hundred and ninety millions, which compar ed with as population of thirty-ibur millions, gives thirty-eight dollars and tWenty-eight cents per capita. Front the ith of March, 1759, to the 311th of June, 1861, the entire expen ditures of the Government were sev enteen hundred millions of dollars.' During that period we were enga ed in wars with Great Britian and ••• ...... 4 / 1 1- itieS With 'powerful .ice, .tribe..' Louisiana was pnrehaged . from France at a cost . of fifteen millions of dollars. Florida was ceded to us by Spain for five *millions. Califor nia was acquired from Mexico, for fifteen millions,and the Territory of New Mexico was obtained from Tex as for the often millions. Early iu 18111 the War of the rebellitineom menced, and frourthe first of July of that year, to the :10th ofJune, 1895, the public expenditures reached the enormouS aggregate of thirty-three ' hundred aniltiotis. Three years of peace have intervened, and during that tints the disbumemellts of the government have successively been $520,009,000, 8346,000,000, 393,000,00. Adding to these amounts three hun dred and seventy-two millions esti mated us necessary am the tised year ending the 811th of June, 1569, we ob tain a total expenditure of sixteen hundred millions of dollars during the four years immediately succeed ing the war, or nearly as much as was expended the seventy-two years that preceded the rebellion, and em braced the extraordinary expendi tures already mulled, these startling facts clearly illustrate the tweessity of retrenchment in all branches of the nation will not be endured by the peopleiiow, that profound peace prevails. The receipts from internal revenues and customs lave, , during the east three years, gnulually di mitushed,,jand the continuance of useless and extravagant expendi tures will involve us in National Bankruptcy or else make inevitable an increase of taxes already too one- rous, and, in many respects, obnox ious un atvinnit el their inquisitorial 1 charaCter. One, hundred millions :mildly are expended for the mill i tary force, a large portion of which is employed inithe execution of laws death unnee~ry and unconstitution al. One Itundrol and flfty nnillions are required each year to pay the in terest on the public debt. Au army of tax gatherers impoverishes the nation, and public agents, placed by Congress beyond the control of the Executive, divert from their legiti mate purposes large sums of money, which they collect from the people !in the name of the Government. Judicious legislation and prudent j economy can alone remedy defects, and avert evils, which, if suffered to ! exist, (limed fail publicii co dence in the councils; and weakeii the attachment and _respect of the people toward their political institutions.. Without • proper care the smut' balance which it is estima ted will remain ht the Treasury at the close of the present fiscal year will not be realized, and additional millions be added te.n.debt which is now enumerated by billions. It is shown by the Oh. And comprehen sive report of the Secretary of the Treasury that the fecelpts for the Its cal year ending June 90th, 1868, were tl4s,taBpt:l, and that the expends titres for the same period were $377,- 349 0 0 . Leaving in the Treasury n surplus 828'2,977,09 8 . It is estitna ted that the receipts (luring the pres ent tiscatyear ending June alith, 1869, will he $311,392,5e5, end the expendi tures 8316,1:4,470. Showing a! small j balance of 85,210,398 in favor,. of the GoVernment for t he fiscal yeurending ' June:loth, 1870.. It is estimated that the receipts will amount to =7,000,- 000, and the expenditures to 8303, 451,000, leasing an estimated surplus of 8:24,000,00t1. It becomes proper in this eonnec (ion to make a brief reference to our publie Indebtedneses, which has ticeu mulated with such attaining rapid ity and assumed spelt colossal propor tions. In 1789; - when the Govern ment commenced operations under the d Federal - Constitution, it was burs oted - with nn indebtedneYofseven tv-tive millions of dollars, created (luring the war of Ow Reeolution. This amount had been stelaced. to forty-five million of dollars, whep, in C B l 2 , war was declared against Great j3rltuin, The three years' struggle that followed largely inerea • •- feet, Pit Wm Nl' =1 .... - 74iiiit:::` , " . ~, . 1 ..:„.•._, .;:..1.-;/!, ME =I ;SettheMattmal obllgationsiond in 1818 they li ilattaitied , .the - suni! of Fonehundred and twenty-seven mil-, lions. , Wise and economical ligisla-• tion;hOwever enabled the • Gknier*, meat to pay ; to entire tittibuntwith-. in it period e twenty years, mid' the: extlngriSbnient of the national debt. flUedike,linitt . witti rejoicing, luta was one o(ol43g:eat events of dent Jackson's admtulstrathin. - Af ter its redistiptlOn; . ,6 large, fund - re-. ntilined t 4e Ileisnutirhich twos deport' • lade Iteo With' the Several El " .oti 'Condi on that It ateark4 be' t a rred when required by the : pu e :Wants. In 1848, - the year after the tette ~ * ar t len of an .; ex pe.nalVe War with 7ir . co, We fotuul [ ourselves involved In'alebt of.alr, four millions andthlawaSthetUttourit [ O/041 by the. Eltiveitimehr iir.,850, 'List prior. tit the outbreak Otthe ribW. lion, . In'thespring i;4'188I Otir el War annuteneed; . each year its ..continuanci3.mideatietiaddlt lion to, the debt; and. when,: in ' the; spring of 1865, the patlonsucse emerged ftriui the contilet,.the obits gations of 1 the .: GoVernment:.htid, 1 4, reaehedllie_hinnense stun of Rile, Kr 2,909. The Secretary ;of the Any, shows that on' the first , - yr.:. f Noveinbero ;1867;, this intioid d been-reduced to 82,491,54.4,450, - bUt t the same time hie report exhibits an increase during the past year of 8:34,-, 625,102, for ithedebt on the first , day; of November last is Mated to have been $2,5274,552, . It is estimated by the Secretary that the returns Ibr the past month .wlll add to our lia bilities the further, sum of eleven millions, making atotal increasedu ring thirteenjmonthsof forty-six and a half millions. - In my message to Congress of be. eember -4th, 1865, it was suggested , that the policy should be devised, which, without being oppressive to the people' would at once begin to effect a reduction of the debt, and. if persisted in, discharge it fully with in a definite number of years. :The 'Secretary ef the Treasury forcibly recommends legislation of this char acter, and justly urges that the long er it i 14 deferred the more difficult must become its accomplishment.— We should follow thewise precedent established in 1789 and 1816, and without ilirther delay make provi 'don 'bribe payment of our obliga tions at us!early a period as may be practicable. The fruits of their %- hors shoo* be enjoyed by our citi zens, rather than be used to build up and sustain moneyed monopolies in our own and other lands. Our for eign debt isnlreiuly computed by the Secretary 'of the Treasury at $B-50,000,- 000. . (Adieus of foreign countriesre ceive interest upon a largeportion of Our securit les,and American tax-pay ers aremade to contribute large stuns 'for theirsapport. Theideathatench a debt IS to become permanent, should helot all times discarded, as taxation is too heavy to be borne, and the payment once in every six teen years at the present rate of in terest, of lan amount equal to the original sum. This vast debt, if r, mitted to become permanent and in crea.sing, must eventually begather ed into the hands of a few, and ena ble them to exert a dangerous _ and controlling power in theaffairscifthe Government.. The borrowers would become servants to the lenders the lenders Masters of the people. ' We now pride ourselves upon having given freedom to four millionsof the colored Mee. It will theca be our shame that forty millions of people, by their own toleration of usUrpation and profligacy, have suffered them selves to bt:ssuneettalavyd anti i :„. 4 . , ,,, 4 litntlONSCrieftl . - , :.. bondho t tx and tax gatherers. Be sides, anent debts pertain to monarchial governments, and tend ing to inOopolies, perpetuities and class legislation are totally irrecon cilable With free institutions. Intro duced into our (republican system they would gradually but surely sap its foundations and eventually sub vert our i govenunental fabrfe and erect open its ruins a Moneyed ar istocracY. It is our sacred duty to transmit unimpaired toourposterity I the bleniings of liberty which were bequeathed to us by the founders of the its p ublic, and' by our example teach those who are to follow us carefully to avoid the dangers which 'mitten n free anti Independent peo- pie. i Various plans have been proposed for the payment of the public debt. However they may have varied as to the time mid mode in which it should be redeemed, there seems to be a general concurrence as to the propriety and justness of a reduction in the piesent rate of interest. The Secrete* , of the Treasury, In his his report, recommends five per cent.— Congreils; in a bill passel prior toed-' t journm ton the Yith of July last,' n agreed upon four and a half' per cen ~ while by many three per cent., h s been held to be an iunply sufficient return for the ,Investment. The general impression as to the exor bitancy _id' the existing rate of inter est has led to au inquiry in the pub lic mind respectingthe consideration which the Government has actually received for its bonds, and the con clusion is becoming prevalent that the amount which it obtained was in real money, three or four hundred per cent, less than the obligations which lit basad in return. 'lt cannot ' be denkl that we are paying ah-ex -1 travagant leer -tentage for the use of the *Rey borrowed, which was pa ' per currency, greatly depreciated be- I tow the value of clan. This fact is made imparent when we consider ' that bondholders receive from the Treasury, upon each dollar they own in GovernnWnt securities, six per ' cent. lin gold, which is nearly, or quite, equal to nine per cent. in huirency. That the bonds are then ' conceited into capital for the Nation aillatiks, upon which these institu tions issue their circulation, bearing -six per cent interest; and that they are excmpt from taxation by the Government and the States,, and thereby enhanced two per cent in the liands of the holders. We ,thus have an aggregate of seventeen per cent, Which may be the owners of tkiveinment securities. ..I.: system that produces such results is justly regarihsl 1 1 1 i favoring a few at theex penselof the ninny and has led to the further inquiry whether our bondholders, in view of the large' profitls which they have enjoyed would themselves be averse to a settleMent of our indebtedness upon ' a plan which would yield them a fair remuneration, and at the same tine be just to the taxpayers of the nation. Our national credit should be sacredly observed, but in making provision for creditors we should not ' forget what is due to the masses of I the people. At may be assumed that' the holders of our securities have al- I rerdy melee(' upon their donds largeriunonnt thtui their original in a - I ' vestments, measured by It gold stan dant.' Upon this statement of (seta'. it would become just and equitable that 4ix per cent interest now paid by the Government should be applied 1 to the rffluction of the principal In t'emilanual nvitallplents which in six sewovuettleelinquiTt7 d n i m e id ePro 1 11 141 ' 1in ' t n i rl -debt; six per cent. in gold would at I 1q .rates ,be equal to uine p6r semi in (Wrenn', and equivalent to the payment ileht one and a half timeis in a fraction kw itiao seventeen year' T 1 • F. --- s I.M.Onnetiion with all the other intagei ,derived from their Invest 1-, would oftbrd tithe public red- adv. mem I 15111 ME ER 11111 Ewer Pa item it fair arid literal conmensatien ibr.thensts of their 'Capital and with• thbs they. abOnld ,be satisAest - The lessons 'of. the past' aditionish the lender. !bit, " it, Is Well to he' 'oikti anxious . exacting flordthelanivitti efritritteompliance with the letterOf theigard.' If provision be madd for the payment of 'the hulebtethreai - !of the .Government In, the - Imaruter suggeeted; one nation will rapidly sums ids wonted prosperity.. Its In terest .require • that; same measure shonid'be -taken to rblease the huger amount of tapital Invested lathe ill' ,curitiet of the. government. It Is net novri*lrsui ~prodbellve, but inlts.V akin. ann talr4Tws :one hem- . dred'and fifty 'dollars 'Which would "othcrwitsi. - flied by our terprising people - . In adding to tlit :wealth' of the Nation. - Our cea V seree, which' at. one.. time sir 7rivalled that of th L ' garitlide „Powers, has ritOldly: .ed, and our industrial irateare in- ado'. pressed and;leirnprishing. The development of our 4 ble reisourcealseheeked,:ifr od L *tile lel& of the South ars' waste for :want of metinato. Withthe release of •capital,.. vt. - would be kiNsetlinto — the • .t• energlesef I'oo people; an. and, Niger' iniParted.to every'bran 3, ,of Industry Our people neon encour agement in their efforts to receiver from the effects of the reduction and of, injudhlous legislation. And it, *Wild ; tie the, aim of the .govern ment to stimulate them by . .the pros pmt of an-early relessafrom the 44r dens which impede their: prosperity. If Wei cannot take the burdes frcan their shoulders we should; at • lotbst manitbst a Willingness to help to. ,1 7 1 .. them. ,In referring to the 'conditi of the, circulating ,media s merely reiterate . substantialltr-Vatt portion of my- last 'antral'taisenge which relates to - that subjat.i . The proportion - Which the currency Of any country should bear to the whole value of the annual produce &WI - a ted by its means is a questionuppn which political amouru ist , t have not agreed, nor can it be controlled by legislation; but must be left to; the irrevocable laws which everywhere regulate commerce and trade. The circulating meditun will ever irresis tibly flow to.those ppolns where It is in greatest demand. The law of de= nand and supply Is as unerring as that which regulates the tides of, the ocean • and, Indeed, currency, like the tide", '' has its ebbs and flows throughout the world. At the begin' ning of the rebellion the bank oohs circulation of the county tunounted to not much more than two hundred millions of dollars. • Now the vino !mien of national' bank notes, and those know as legal-tenders, Is netriV seven hundred millions, while It is urged by; some that this amount should be increased, others contend.; lug that a'decided reduction is abso lutely eseential to the best interests of the country. In view of theelli verse opinions it may be well to as certain the real value of oar paper is sues when compared with a metallic or convertible currency. For ' this purpose let us Inquire how much gold and ,silver could be purchased by the seven hundred milli - ore of pa per currency now in circulation Probably not more than half .the amount of the latter, showing that when our paper currency is compared with gold and silver, its commercial utility. is tompreessi into three'lls dred and 1 fifty millir This lag fact makes it Ur the Goverruneu* COT to convert them without cia or its equivalent. A todut_ of our paper circulating medium; may not nemssarily follow. This howev er, would depend upon the law Of de mand and supply; though it should be borne , in mini that by making le gal-tender and bank notes converti ble into coin or its equivalent, their present specie value, in the hands of their holders, would be enhanced one hundred, per cent. Legislation for the aceonoplishment of a result:3o de sirable is dynamited by the highest put - flit:considerations. The Constitu tion tnntem plates that the circulating medium of the country shall ix. um fond in quality am! value. At the time of the forntation of that instru ment, the country had just emerged from the war of the revolution, and was suffering from the effects of a re dundant and worthless paper curren cy. The sages of that period were ' anxious, toprotect their posterity i from the evil which they themselves had experienced. In providing a circulating medium, they conferred upon Congress the power to coin mon- ev and regulate the value thereof; at the same dine prohibiting them from making anything but gold and sliver tender in payment of debts. , The anomalous condition of our currency Is in striking &admit withl that which was originally designed. Our circulation now embraces, first, notes of the National Banks' which I are made reeivable for all dud+ to the, Govemmentkxcepting imports, and I by all its creditors excepting in pay.j ment of interest upon its bonds and, the securities themselves; second, gal tender notes, issued by, the Uni ted State:3, and which the law re quires shall be received as well in payment of all debts between chi- zeta as of all Government dues, ex cepting imports; and, third, gold and silver coin. By the operation of our present system of finance, however, the metallic currency when collected is reserved only for one elass'of gov ernment creditors who holding its bonds, semi-annually receive their interest in min from the National I Treasury There Ls no reason which' will be accepted as satisfactory by the peiople why three, who defend us on Welland and protct usonthe sea ; ' the pensioner upon the gratitude of the nation; bearing the sears and wounds received while In its, service; the public servants in the various de-, partments of the t lovernment; the., farmer who' sup glies the soldiers of the army and the sailors of thenavy; the artisan who toils in the work gloms or the mechanies and laborers, who inild its edifices and construct Its forts and vessels of war, and in payment of their just and hard tiara -ed dots receive depredated paper, Whilennotber class of their country men no more deserving are paid in min of gold and silver. Equal and exact justice requires that all credit ors oftheGovemment should be paid in a currency passe :sing uniform val ue. This can only be actnmplished 'by the restoration of currency to the standard established by the Constitu tion, and by this means we Would re move a discrimination which may, if it has not already to, create a prej mike that may beconie deepened and wide 7 spread, and Imperil ena tioniil a codit. The feasibility of ma kin our .currency correspond with the constitutional standard may be seen by a reference to a few facts de rived from our commercial atatistics. Tile hgregitte products o 4 precious metals in the United Matta from 1849 to 1867 amounted to .$1174,000, 000, while for the mine perilsl the net exports of specie were $741,000,000. This shows an excess of product over ittexpoTts of -iff,1,000,000. There are in_the treasury i#llll l 407 985 in coin. In circulation!ill ti tstato on the Pacific mast *40,000000,_ and a few millions in the National and other banks, in all less than one hundred and ,' sixty millions. Taking 'into consideration the spode in ;the coun try prior to 1849 and that produced since 1867, and we have more than I- Omit! ht 1119_41- !biting, maii9st rtiaE orbiter" cape Th r Oyt sboW C 4 ir gold PLOT apd ThWe may created tiOa'it, if purposts sonabib t 'able; 3. 'Netwii lieople aerirentya re k, rcllcY, wrixiariern and all or article of h, enhazwemeni is hulispeasabi people,• it will abolish our - nation the to such . I our griffin; - bul iL' Tla )weVor, ' When the ~Monet • 'llifika Shoulo Ice the mest . efftclete call nee eamy art* -specie payments c , Mango ! rated by the id banks; and the value m [mutation would directly a; .te a specie standard. Speck .tents having been maimed . by; Government and banks, all not hills of paper lamed by either of liwodenomination than twenty del 'it la* hould„by law, be excluded from - Winn, so that the people may , the benefit and, cent enienee of • a "and silver cur roier, which, in il - their busine.s transactions, will he;tiniform in val ue •at ' hems and :abroad. : Every men of propel*: or industry; 'every man who ' dellires to preserve what he honestly puteetses, or to ob tain what he am honestly earn, has; a direct interest In thaintainincea safe circulating niedbrai... such a medium us shall ' be red' attesubstantial ; not liable to vibrate. With opinions; not subject to be blown.down by the breath of speculation; but to be made stable and secure. A disordered cur-' V rency is one of greatest political evils. ; ,It and - ; the virtue; nccektary for the port ofthe social system, and en . propensities destructive of its Maw. It wars against industry, guilty and econ omy, and it foaterathe evil spirits of -extravagance and:: r•ieclation. It has been cc.serted by lour profound and mast ' , that of all filie eontr i the la boring e lone has been tat t which deludes )11ey.— ThiS . haven i fields crow. My tic. !ion enough, . an enough, of thecietrn—ing tendon-. cy, the injustice, anti the intolerable oppression on the virtuous and Well disposed, of a degraded paper curren tw, authorized by law, or any - way countenanced by the Ciovernment.— it is one of the most succeisfuldevi ces in times of Is-Amor war, of expan sions or revulsion», lei accomplish the transfer of all the precious metals from the great massof the people in to the hand of .the few, where they are hoarded in secret places, or della:- Red, under belts anti bars while the people are left, to endure all the Mein veniences, sacrifices and ilemondie-. zadion t resulting from the use of ' depreciated and worthless piper. The secretary of the Interior, in his , report; gives valuable information in• reference to the interests confined to' the supervision of his Department, and reviews the operations of the Land Office, Pension Office, Patent Office and the Indian Bureau. Due' ing the fiscal year ending June 30th, I 1868, six millions six hundred and ' fifty-five thousand seven hundred acres, of public land were disposed of. I The entire cash receipts of the Gen oral Land Office for the same period were 81,632,745; being` greater by $1N4,883 than the amount. realized I from the same sources during the 1 previous year. The entries under the Homestead law cover two mil lions three hundred 'and twenty-eight thousand nine hundred'and twenty-' three acres, nearly one fourth of which was taken lunder the act of June 21st, 1866, which applies only to the States of Andean; Missisippi, Louisiana, Arkansas; and -Florida.— On the 30th of June, -1868, one Jinn tired - and sixty-ninel thoumnd, six hundred and forty-threenames were born on the pension rulls, and during the Year ending on that day, the to tal amount pail for Pensions, ding the expenses of-disbursements, was 821,010,082, being 8.5411,025 great er than that expended 11) pur oases during the preceding year.— During the year ending the 30th of 1 September last, the expenses of the Patent Office exceeded the receipts by one hundred and -seventy-one dollars and including reissues and designs, fourteen thousaml dm& hundred and fifty-three pdents ' were issued.— Treaties with various Indian tribes have been concluded, and will be sub- ridded to the Senate for its constitu tional action. I cordially sanction the stipuhitions _which provide for reserving land for the xarious tribes, , where they, may be encouraged to abandon their nomadic life, and en gage in Agricultural and industrial pursuits. This policy, inaugurated 'I many years since, has met with sig- , nal success whenever it has been Pur sued in good faith and' with becone log liberality by the United States.— The necessity far extending it as far as practicable in our relations with the aboriginal population is greater I now than at any preceding period.— Whilst we :furnish -subsistent* and instructions to the Indians, and guar antee the undisturbed .enjoyment of their treat{ rights, we should habit, ually inset upon the faithful ohserv anee of their agreement to remain within their respective reservations. This is the only mode by which these collisions with other tribe,: and With the whites can be avoided, and the safety of our frontier settlements se cured. "The companies constructing the railway from Omaha to Seem, mentii have been most enefgetically engpged In piaseeuting the work, and it Ls believed that the . . line- will be completed before the expiration of the next fiscal year. The six per cent. bonds issued - to these commie* amounted en ._the r fifth instant to 8-14,337,000, Mat additithud wort: bad beep perldrfacxl top the extent 0f3, 7 200,000, The Sceretarx of the iiitet lot In 'August laid, 'invited my atten tion to the report of a Director of the - Union Pacific 'Railroad Company, who had been specially instructed to examine the location, construction . • ' 1.1)1:1868. ,_ men t toad; and 11 Aclitaini theTopielon of the Ae- Oniey , .oineral *tale questions'in -regard bilhe ritliWty of the Ezra .utlve, while upon this report, gral Oat:o6'olth had - from to time tiera presented by the COmmi+ *Mem appointed - to - examine this Other-lines, and have recently ' WWI - fitted 'astatement of their Imes diuttious, of which the report of the Secretary, Of the • Interior Art 111141144 Spada information. -' • The.repOrt.of the Secretary of War kraitalns information of interest, re sifelilingi the several Bureaus of the War - Deprirtment and the operatisis 'of the army. The strength ...qf bur military ferce.on the 30th of Septens- - bet last, Was 48,000 ,Men, and it is ciniaputed that: this' number will he decreased to 43,000. It isthe ophaloh of the Segetary of War, that withi the nextye„w onside/able, &pint thin of the. infantry force may be *Made without detriment to Inter 'est Of the country, and in view of the great eXpetse attending the nrilltark 1 establishment - and the nbselute tweets- Shy of retrenchment, wherever ltcayt be applied; It iri hoped, that Congreas UM sanction thereduction *Whirls report recommends. While in 1f3111), sixteen thousand' three hundred men cost, the nation $16,472,000.1 The sum of $05,682,000 is estimated as necePa ir 'therapy& of the Army; du ringthe fiscal year, endlng.Tune 30th, 1 Thkestimates °Mai debt, for the 'last two fiscalyews, were for 1867; $53,814,461, and for 1868;442.V 205 Nd, The actualexpenditures during:the same periods were mpect -95,224,415 and $1M,216,648.-- The estimate submitted - in December fot the fiscal year endin June 110th, 1869; was $77,124,7(C e ex penditures for the tiratt ,q er, end ing the 30th of tieptetnber last, were $27,219,117, and 'the Secretary or the Treasury t 66,000, _llOO as the amount which will lifobably be re quirei during the rejhulalng three quarters, If there Slibuld'be"rk• re duction of the Arnvi, making nine , rigate east for the year considerably In excess of ninety-three millions.— The difference between the.ertimates and expenditures, for the three fiscal years which have been named, is thus shown to be $175,545,313 for this sin gle branch of public serviee. The report of the Secretary of the Navy exhibits the operations of that department and of the Navy during the ; year. A considerable reduction of the forte has been effeeted. • There are forty-two ' vessels carrying four hundred and eleven guns in the six squadronS which are , mtablished in different parts of the world. Three Of. these vessels are returning to the United States and are for used - 11.4 storeship4, lemingthe actual cruising force thirty-five ves*ls, tarrying three hundrisl and fifty-six guns.— The total number of vcvs.ds in the Navy is two hundrctiand six mount ing seventeen hundred and forty three guns. Eighty one vessels of every descviption are in use, armed with six hundred and ninety six grins.— The number of enlisted men in the service, including apprentlees has been mimed to eight thorequal five hundred. An increase of navy yard facilities is neommendtal us a mea sure which Will, in the event of war, be promotive or economy and sreur ity. A more thorough and system atic survey of the North Pacific prier is advised, in view of our re cent acquisitions, our expanding tellurium., and the increasing inter course between the Pacific States and Asia., •The Naval Pension Fund, chi - of - moiety of the lug been made against the refusal. It wail promptly overruled, and the Wasp therefore manned her errand, received Mr. Witshburneand family and conveyed them toa safeand eon venient seaport: In the nieanthne an excited controversy luularhsen be tween-the President, of Paragunv mid the United States Minister which it Is undergbiod grew Mit of his proceed ings in giving asylum in the United States legatiou to alleged enemies of', that Bet:utile. The question togive asylum is one always - elifticult ' 'nuctofteli productive of great ember nissinent • in. States well organized -und-cstablished. Foreign powers re fuse either to concede or exercise that righteXcept to persons .adually be-' 1 longing to the Diplomatic service.— II Orr the ether hand all such powers in sist upon'exercisimr the right of asy- ' lum in States where the Jaw of na- Bons is not fully ackneWledged, re' spected and obeyed[ The President of Paraguay is understood to b r lt ee Lsi- to .ilr. Washburtie's p - ri7, l owing to the injurious and very, improbable charge of personal com- - plicity in insurrection and treason.--: - The corriamondence, however,' has not reitched the United' States. Mr. Washhilme iu connection with , the controversy represents that two Unix ted States' citizens attached to the le-' .gatlon were arbitrarily seized at 'his side when ledeing the capital of Para- guay, committed toprison, and there subjected to torture for thepurpose of procuring confessions of their own criminality, and testimony to support the President's allegations against the United States Minister. Mr. McMahon, the newly appoint ed minister to Par quay saying that he heaLrefiched the La Nate, has been instructed to proceed without delay to Asunscion, thereto investigate the whole subject. The Rear Admiral, commanchng the United StatetSouth Atlantic Squadron, has been directed to attend the new. Minister With a proper naval force, and to sustain suchjust denumds as the occasion may require, and to vindicate the rights of the United States citizens referred to, and of any others who may be ex wised to danger in the theatre of war. With these exceptions, friendly . rein y times have been maintained between the United States and Brhzil and Par -1 aguay. Our relations during the,, rest 1- year with Bolivia, Ecuador, Peru Chili have become especially friendly and cordial. Spain and the Republits olPeru,Bolivin and Ecuador have ex pressed their willingness to accept the meditations of the United States for terminating the war upon the South Pacific Coast, Chili has not fi nally declared upon the question. In the m eantime the eontlict has pructi (ally exhausted itself, since no being-, erent or hostile movement has been made by either party during the last, two years, and there are no indica-. tion of a present purpose .to resume hostilities on either side. Great Britain and France have cordially seconded our propositions of media tion and' I do not forego the hope that it may soon be accepted by all the billegerents, and lead to a secure es-I tablishment of peace and friendly re lations between the Spanish-Ameri can Republicsof the Pacific and Spain. —ii result which would be attended with common benefits to the being; erents, and much advantage to all eommereial nations. I communi cate for the consideration ofongress a correspondence which shows that the Bolivian Republic has establish; el the extrethely liberal principle of receiving into its citizenship any cit izen of the United States, or of any other of the ' siericon Republics, up condition of voluntary e ,„„oe,..sp=iondence here tens. ....ti loam,. buy- *n xret ess li al chednnsita .l • : --"k- - -I'- .Ilili ernment "by the Secretary ti.S_ trustee, earthquakes of unparalleled severity to three 'per cent.Onstead of six per in the Republics of Peru, Ecuador cent., which was originally stipule- _and Bolivia. The diplomatic agency ted when the investment was made. and naval officers of the United An amendment of the Pension laws Slates who were present in these Is suggested to remedy omissions and countries at the time of these (liras defects in existing enactments. The tors, furnished all the relief in their expenditures of the department du- power to the sufferers, and were ring the last fiscal year were $2Ol,- promptly rewarded with grateful 201 94, and the estimates for the and touching acknowledgments by coining year amount to 820,103,314. the Congress of Peru. An appeal to The Postmaster General's report fur- the charity of our fellow citizens has aisles alull and clear exhibit of the been answered by much liberality.— opmations and condition of the iie- In this connection I submit an appeal tel service. The ordinary postal which has been made by the Swiss revenue for the fiscal year ending- Republic, whose government and in- June 30th, lsole, was $15,292,400, and stitutions are kindred to our own, in the total expenditures, embracing all !quilt of its inhabitants, who are cuff- the service for which special appro- em: extreme destitution, produced petitions have bean made by ('on- by recent inundations. Our relations gress, amounted to $22,7:10,392, with Mexico during the year have showing an excess of expenditures of been marked by an increasing growth $6,437,771, deducting &clothe expeu- of mutual confidence. The Mexican ditures .the sum of $1,896,:i2.1. Government has not ,vet acted upon .The aniount of appropriations for the treaties celebrated herr last sum ocean, steamship and other special mer, for establishing the rights of Me ' serviceS, the excess of expenditures turalized citizens upon a liberal and was $4,541,466. By using an unex- just' basis for regulating Consular I pendeel, balanea in the Treasury of powers, and for the adjustment ,Of *3,800 000, the actual sum for which mutual claims. All commercial na .. a speci t al. appropriatien is required to lions as well as friends of Republican meet the deficiency, is $7,412,66. The Justutions4 have °cession to regret the elutes which prWuced this large ex- 'frequent local disturbances which des eess; of expenditure over revenue, cur in sonic of tie constituent States were the restoration of service in the of Columbia. _stilling has occurred, hiteinsurgent States, and the putting however, to affect the harmony and into operation of the- new service es- cordial friendship which have for tabfished by acts of Congress, which several years existed between that amounted within the hen two years youthful and vigorous republic and and a half to about forty-eight thous- our own. Negotiations are pending and seven hundred miles, equal to with a view to the survey and Len more than one-third of the whole struction of a ship' canal aieross the amount of the service at the close of isthmus of Ihirien, under the t 111.4 1- the wear. New instal conventions ces of the United States. I hope I to with, Great Brittam, North Germ- submit the result of that negotiation ny,. Belgium, the Netherlands, to the Senate during its present sis- Switzerhual, and Dilly, respectively, shin. The very liberal treaty which have been tarried into effect under WILN entered into last year by the tin their provisions; important approv- ted States and Sicarauga, has le en ids have resulted in the reduced rates ratified by the latter Republic. Cos of international postage, anti the en- to Rico, with the mrms s tness of a ,6e larged mail theilities with European temfriendly neighbor Pencils reeil countries. The cost of the United rocity of trade which I Minuend, il.) States trans-Atlantic Oeean Mail ser- the eonsiderution of ('o egress. The vice, since January lit, 1668, has been convention crated by' treaty he largely lessened Under the operation tween the United States ind Venein of these new conventions; it rcslue- -41 a, in July 150', for the, mutuaLaid thin of over one-half having been af- justment of claims, lias been held, fected under the new arrangement and its"datisions have been -received -for (keen mail steamship service, ut the Department of State. The which went into effect on that date. heretolnre mcognized GoVeninfent The attention of (Owe:is is invited ' of the United States of Venezuela has to the practical suggesAient.' and rte- been subverted, a Provisional Gov ommendations made in his report, by eminent having leen instituted, un the Past-master etenend. tier circumstances which promise du- No hilted:ant question has (mimed rability. It has Igen formally moll s during the last year in ouraccustomed nized. I have beell reluctantly obit cordial and friendly intercourse with ged io ask explanation and satisfse. I Cestaitica, thiataniala, Honduras, lion for national injuries tommitted San Salvador, France ' -Austria Beig- by the President of Hayti. The po [ ium,-, Switzerland, Portugal, The Mimi and social condition of the re- I Netherlands, Denmaik,Sweden,and publics of Hayti and St. Domingo ; Nor Way, itome,Greete,Turkev, Per- are very unsatisfactory and painful. I sia, Egypt, Liberia, Morocco, Tripoli. 1 The abolition of slavery, which has Tunis, Muscat, Shun Borneo, d been curried . into effect throughout Madagascar. (. ortlial' an relatiOns havel the Island of St. Domingo and I the I also been maintained with the :Ars 1 entire \Vest Indies, except the; Span ! gentine,and the Oriental Republier. : I ash islands of Cuba and Porto Rico, , The expressed evish oft'ongress that) has been followed by a profound pap*' our national good offices might be Mar conviction of the rightfulness of tendered to those Republks, initials° Republimn institutions and am' in to Brazil and Paraguay, for bringing tense desire to secure them, The at- I 1 Ito ascend the contnuous war which them, to establish Repub has l e long been raging in the valley tits encounters many obstacles ' of the Umtata . , has been assiduously most of which may be supposed to complied with anti fully acknowie- result from long indulged habits of dged by all the belligerents. That colonial supineness and dependence impeirtantnegotiation, however, has upon European powers. I thus far been without result., While the United have on all oc- Charles A. Washburn, late U. S. ' elisions professed a decided unwilling 3iinister to Paraguay having resigned nes.; that any part . of this' continent and , tieing desirous tei return to the 'or of its adjacent islands shall be made United States; the Rear Admiral a teatre for a new estublishment of 'commanding the South Atlantic monar h chial power, too little leas been Squadron was early directed to semi :done by its on the_ether hand to .at a ship of war to Ascension, the cup's ' tach the communitie4 by which We tato( Paraguay, to receive Mr. Wash- are surrounded to earr own country , hurne and his family, and remove- or to lend evea a moral support to, therm from n' situation which was i the effoets they are so resolutely and , th- ! representest to be endangered iiy few- ~ so col:shindy making to secure gel tionand foreign war. The Brazillian ' limn institutions ter themselves. It', comma I commander of the allied invading is indeed a question offouve consider. I forces refived penal:Ann to the Wasp 1 ation whether our recent and present toi passthremgh theblobicaeing forces, example is not talcukited to check and that vessel returned to its accus- i the growth and expansion of arse 'Mined - anchorage, remonstnince hay- : prineiphs, And make these connnut "- I • • : of lob tweet S the dent MiMIEEM teltabishid 1811 pities dlstruet If not dread a Alcmene extent which at wiliamsigns to Lary dominition States that ate . bite; Tral parts of our ,Federal Union, and While reedy to resist any attempts by other nations to extend to this hemis phere the monarchial , inetltutioue of Europe,.aistrumest toetablish -over a tarp • portion of iteneople urnlentore 'desolate, harsh and tyraimkal than any known to civilised powers. The • to of Alaska was Made with the view of extending the mitienal • jurisdiction and republican principles on the American hemisphere. Believing that a further step could tie taken.in the sauce direction I last Stan enteral into a treaty with the King of Denmark for the purchase Of the Island St. Thomas and St. John, en the best termsthen attainable, and with the trxprest consent of, the peo ple of three Islands. This treaty still remains • under conaideration in the Senate. Anew • convention has been enteral into with Denmark, en busing the time fixed for the final ratifladion of the original treaty. ,Compteheneive - National Wks/ !wocateeent to • sanction the acquisi tion and incorporation into our Fed eral Union, of the several adjacent continentarand insular eommunities as speedily as it am be donepeaceful ly, lawfully and without any viola tion or mellow)! justice, faith or hon or. Foreign poreastion or control of those connuunities has hitherto ren dered the grovith and Impaired the 'lnfluence ofthe United States. Citron- lc revolution and anarchy there would be equally injuritius. Each one of 1 them when firmly eetablished as an independent Republic,or when in corporated into the United States would be a new source of strength and power. Conforming My admin istration to .three principles, I have on no occasion lent support or tolera tion to unlawful expeditionsset on foot upon the plea ofrepublican pro pagandism or of national extension or agrand Pment. The necessity , however, of repressing; such unlawful movements clearly indicates the du ty which rests upon US of adapting our legislative action to the new circumstances of the decline of Euro ran monarchial power and influent* and the increase of American repub lican ides, interests and tiympathies.. It cannot be long before it will be come necewauy for this government 1 to lend some effective aid to the sole tion,of the political and social prob lems. which are continually kept be fore the world by the two republics of the Island of St. Domingo, and which are now disclosing themselves more distinctly than heretofore in the Island of Cuba. The subject be commended In your consideration with all the more earnestness bemuse I am satisfied that the time has unit ed wheileeeu so direct a proceeding as a proposition for an annexation of the two republics of the island of St. Domingo would not only receive the consent of the people interested, but would also give satisfaction to all oth er foreign nations. lam aware that upon the question of further extend ing our possessions It i 9 apprehended by some that our pendent system am ! not *easefully be applied to animal • more' extended than our continent, but the conviction is rapidly gaining ground in the American mind that, with the increased facilities for inter communication between all portions • all portions of the earth, the princi : pies of free governments as embodied ' in our constitution, (faithfully main tained and curried out, would prove of sufficient strength and breadth to comprehend within its sphere and in fluence the eivilirsd nations of the world. • The attention of the Senate and of raaiarar-RIWA= P tM -L / le 4fi gt ! .. Nval inn Kingdant, entered' nto utse ' year, and already ratified by that Government. The attitude of the United States toward these islands is not very different from that in which they stand toward the \Vest Indies. 1 It is known and felt by the Hawaiian Government and people that their government and institutions are fee ble precarious, that the United States being so near a neighbor, would be unwilling to see the island pass un der foreign control. Their property be continually asterism' by expecta tions and alarms of unfriendly poi it i proceedings, as well from the Uni ted States its from foreign powers. A reciprocity treaty, while f t could not in:aerially diminish the revenues of the United States, would be a guaran tee of the good will and forbearance of all nations until the people of the Islands shall, of themselves, at no distant day, voluntarily apply , for :O mission into the Union. '1 he Empe mr of Russia has acceded to the tree ty negotiated here in January last for the security of trade marks in the interest of manufacture and men meas. I have invited his attention to the importance of establishing now while it seems easy and practicable, a fair and equal repletion of the vast fisheries belonging tothe two nations in the waters of the North Nellie Ocean. FAN . , voriotA ler ifs ,itiortr)hatt iole, 11) IA: j ss j • ,J ..t:lg JrJT., iu liEli • The two treaties between the Uni ted States and Italy, for the regula tion of Consular Powers, and the ex tradition of criminals; negotiated and ratified ',here daring the last session of the thirty-ninth Con has been accepted and confirmed by thgress, e Italian Goveniment. A liberal Consular Convention, which has been negotiated with Bel gium, will be submitted to the Sen ate. 'rhe very important treaties which were negotiated Is:tweet) the United States, and North Gen many and Bavaria, for the regulation Of the rights of naturalized citizens; have been duly ratified and exchanged, and similar treaties have been enter ed into with the Kingdom of Belgium and Wurtemburg, and with the Grand Duchies of 'Baden and Hesse Darmstadt. I hope soon to be able to submit equallY satisfactory conven tions of the same character now in the course of negotiation with the respee tive govenuneuts, of Spain, Italy and the Ottoman Empire. Examination ,or claims against the United States ls:e the Hudson Bay Conipany, and' the Puget's Sound Agricultural Company, on account of certain petssessory rights in the St afe of Oregon and Territory ofWash ington, alleged by theso companies in various provisions of treaty between the United States and Great Brittain, of June 15th, 1846, has been diligent , le prosecuted, under the direction of the Joint International Commission, to which they were sulanitted for adjudication by the treaty between the two governments of July Ist, 1863, and, it is expected, will be con cluded at tm early.day. No practiced relation concerning colonial trade, and the fisheries can he accomplished by a treaty between the United States and Great Britain, until Congress shall have expresses' their judgment concerning the principles Involved. Three other instances however, be tween the United Sta t es O and reset Britain, remain open for adjustment. These are the mutual rights of natur ized citizens ; the boundary question, involving title to the Island of San Juan, on the Pacific coast„and they Mutual claims arising since the year 1651 of the citizens and subjects of the two countries for injuries andllepri dations conunitted under the author ity of their respective Governments. Negotiations upon these subjects are pending, and I am not without hope of being able to lay before the Senate for its consideration during the pres entsesolon, protocols calculated to ng to an end those justly exciting ataLlonir exi,tingemtmver