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E ......- 0 . 4...-... - - ' ...,. ,- ---- . . , . 4 .. - ili , ~_.:. ~ ~,,....„.. ~ f ~^7- " ,-5 - ~ .i i•z. z , s , v l”- 0111 ~/:: '•••• , ' * .7a-/ tt- __..-,-, -- If -.-,-,:. •ii ij i kaiiii i i L 4oo/ 0 1 ; I FFRV. I . D 'il"' ''l' ' - •'' ;' -. "%..,.. : ' ''' '''-nlirK . - -.. ..• •••••= illillSti • '‘... ~ ',401111 v , .., .; ,• • 'l7: • ~. t. - ~., • ••Y 1.% ver . ill d Lil 4+ „..._... ..,..:. „ . • _-,_-_-=-..was 4-,.„..:0..Nxir_.,-,..---. ~ -. ... ,__.: .: Si .10 0 ). ;. ' • ' ',. :t;,....,, "cad ' . ' ;,i SP .4l, i' • .:- " ....., ~, .:. . . '' ' ' ' ;:!:: r ..—r t . -. 4 1 . ':: , .!: ',' ;“...S • "..> , •0 • o t ,. -.- ,,-,-.. • - ,...! ,...! ..... .., _ • . ..1„,... .e , .A .P., 14 -4 / . _,:i6 - 4 -1 0 ,0 4 - lir„,„ii i s -- *, /, ;i i , ..., , 7 f i• -•-. --: 0 0, '- '._ . --- 0 . ~•.. ~ „ , ,- \ ~....._ .„ ~,,.. -zi -44 . , , . .• . - • ..,..,- ~1 .-t., -4 , -` C', .. Y. ‘ .- . -- _.... . . --w i nk . -....>,..- --„,;, - - -- -7:7-2. „..,;..:.-,--"%.. ....... --1.....-- ' • l' -- iiiiiiiiiitil.t. -. • , ------ -- -,--,,. -- - --44;,; 's - --....„- , -i -- -- ‘o,ttie: ant ... --- --'-----..f.„2: .. t- - ''' - i , ,t -- '' ; ' . --. 2 , 4* ---'ll / 14 : i ';'... : '4t'S • • 111ri.DOU; :". , '''' ' , , •.ht, :. t - Vet4r,;:,,..00*- tonne ;• Ts ~ • , •, 1 , ,?ft. .E_A44 0. -. - -11%,i.,-• ...;,„, - T,,1.,-4i P 4. Avanolor ---- " - • ' -....- . . ••„ .. ... - ........ - :' .1.4 . . .;kn: “. ' '),..' ,_ ' • ' '', • ' "..,::,,,, 'l '. 7 '" 1 -', 4,A , • . ' . l c :.) ... . . '' ‘iii D ; - . - VOL: 1-- - -NO. - 111. . pHILADELPHIA, .WE 6 1 . 4 0 i' , •,- IA ~7, DECEMBER 9, 1857. ' --- . - Y , * i.. ; ,..:--- ..4.ivx,::. , :f. , .4 - ,----- ammoompor ._., , • ' . ' ." .. ' , V .I.' ... ~;;,!, , ' ', ~ , I, ' ' ' t-: # 1.: .: '-‘. ; Ili •I'';;;'• ' • ' I .. , WEDNESDAY, DECEMBER' 9, 1857. 1,,,_ . i .. . • PRESIDENT'S ,MESSAGE. tared tarsi . 1 0 ~,.• '0 , '45 ~. 1, 4#4.tttlr4P-Ft ES AV 8 4 1. 1 01 4 . 1 1'143 ,1 4tdi 10 the: wrier.. -the: 1400401'.04;9117,4tAra DOLLUIS taga , P o Mill Moms; Titan 3roorgyiu*.triu,stvaime for the ' 4 4 P/f. 'PA X 111111;` ,- - fiteki( pti, Atilt*" Dos,- , jy,it 111104V011* t*it r gOifltibt‘ti . \-; $2 00 - • 111 4 -' - ; ;; O. o`oe - ,ton.O.Ttr.';`: , ;!` '"" : ' - • • 1900 - ~Kaq"( 4 " (to olio . 00 ittoo04 -1 0 , OD, -XVo, or er7r,; 14 ,(to'444reee Ot _ be ;•*aith I 29 'Jr -& 1 0 ,itTireity4ne bt overi » e will fir44ll ? yeas, oieftotifejottel , aip the,Olui: - -11/`•goetiltidara ereo,entieste4lo,eile'rei,eseetifor , - T......R W WE E KLY ' PRES S 'illeblltitNgt "PANaksT , toIIjeKIIVNEWBEATAW IN THE', COIMITRY. '. ' . ------ : - ..,'- - i.iiiibiTrairitiiw - it' To axioms! ,!-. voAntEkiir-auEss , l4 00 7 14444 from the City, or ` , Vet 4,1 4 ,i11(Y, 1 ,5 6 "..''''Zi,;.' i'r - p - inip - 1,4,...,ii.,in rub.R9,..ligbAsbt4 4 6lStatto, ,tt ;lit todlOt toostl , , - .. titotwin eorysttspe;-atti ,, olli-be denoted to consort* , ~ ,.atlerines, iithietnie.toinedotion of goblin pros. r ilt .. , , t 1 .1 1 4iOOPiel. Order:- Huoh•s 4 WeeklyJetuintl ban oeund In the - United ellatto, and 'it in to Ps.' L , , :* thl *Wilm s t TUN WillUtlit MO ht.-pub li shed '-, ..... 1110I'lltllght PRAM is Printed - ',OO moslitta whits tt.P.P.Leliv. type, end in ottexto form, tor binding. - , 22400,11dnia.021 ttd, MOO% or,the day; Correispondenee from, the Old -World , and, , the New I,•Deroestio' bitelli goneeillipdrha of , the mutant ;itarkete; Literary Re• views . itimoollaneeas &bottom 1 the progress of Agri eultnie try all itg - earlotto departments. ito.,# o, :' 1r.,04-tstafigrus , es sitesco. - ,•,- , I,- ' Tall etlirellitr ?ABM willbe bent to' _ mabseribeia; bY , mill,," at , • - -•.52'00 per annum, ,Tennottillopten, Then sent to one' ad.- ~ • ' 1240di -- • .:• ' - --v •- - • • ' 2,0,0 t) '''' U ' '4 • 4 1Nrotr_C"opiiis, or Orel', to addrilts ot;' , iNh ptibtertlier, eta, , • •, '-'; 2 20 - • a ytttlColutt of Twen ty-otie 6t ettr,yt:wlll send an 'NMI:a eopy,to the gittenetp o f the Club. , - Poot3taatetieure requelited to sot Oft Agent, for TIIB ~ 1 t wilt netoom it' S great R = my polltlCal and per • Fat trienda t nod tali ethane _oho desire - a, first dam ,kIY Newepoper, will exert themselyse • to gtre trig pinyalea a large circulation in theft reepeoti, ,' , _ - ', Jog& Rie w: , •Fot, . .. ... ••,:. • .s i -, ~ „ M iter awl rropl6ter. $461101i6,6 °ICI; OCT/1.11 Willimv Pkr.siN tro. 417 11 0 typintoytret, 1 3 .4044eaphia„ - i, ,,- ,: , . A FRICE T =l 7 R 8 max - • c ;•-• - ww,KkELLM) ;.WHOLESALE 'NA RoLOW °11:415 ^ 5 • Wijl: tta ° amber Ith, • • cit.., -7,, MONDAY, gtow, -i,ill;aqUAßTilktNh•reir -.000-121' • L., - Atid _ ELE itxPal"f ' s•A Li .• • AIINU AND u 0 P Aa N ES U n lA` - - , , • aI•LEsALE 'Cz"•jiiiT4Y4-- OMR' iissate of the ;•;•'4' -•• IT the MOnt elegant tionC 04 in Wzliticse, fi4iikt• WWI" *St.3t, -Nthifr ,t"c„-i, 1441114 • ' • • -:-• - geis°`btyp•grsP"7. otegan_ • - THE NOOTTI;aIinZOBIAZie : Lockhart, jamesHogg,"iwid. Dr. Magical. Edited; ' witHamelin and Notogi,by Do. It: Sheitoo.Maakenne, • !hint Xenon fr voltunes, with and tart. "eiratigec :Price s6,‘, -"- ••L , • -• • • IdAGINN" liI4ISOBLLANISS. - The bliseeilineows Writ, inv of the late Dr; Maginn. , -Ndtbsd, with a Memoir and Notes, by, Dr.•lt. Shelton liteokowne. Complete in 6 TOIIII3 ,ea orithPortralt, Tripe, per.roL, aloth,s.l.- LIPS OP- T HE-RT. HON. JOHN PHILPOT OtrilltaN, Ms Zan, Wm. Henry Oman ; with Notes and ad; • , .hyWakens*, and a Portrait - • -on Steel'and "Iterslintle:"_Third • Ddition.• cloth. , . „TUN O'BRIIINS AND THE DIPLAHDRTiIIi r a Na tional Story, being the Ant of Lady.. Horgan's NorMa - and nornanfal. 'With an,lntroduation and Noted, by . • . •Do;•-H.:; , Shelton - Illekkensla.. spia.i 12m0., cloth.; ' Trion - - - , -'BARBINOTON'BBKISTOIIEH.,PeisonaIBketobesofhic - ihrn.Timv. Sy Sir Jonah Barrington, with Mastro, ' by Parity. Fourth .Edltion, .Wlth Memoir by • .IZ..liaakenzra., aZiao:v cloth. Print tivoava4,lst:OF :ZZLZAIDAN. OeMolni, of. the -tire - Of the sight - 09a, Diehard ,Itrirodey Sheridan; Bplhomas Maoral with mat ralle;yl2frmii DINS, OW,IILKSIDSV:, , Dy D. Shelton: Iptiar,enstiVs. • =Third Dditigo:Alltmir,' 010th:..-i _Pelee -••-• Tag,lusToßT.Vße2l4 Walt-IN riNiziiitr4; Br Major General Sir W.:16 P., - Napierilront the •,/thorh last -xerisell , :adZioar - with AMY , Ilie Marl and "Mons; liveYortraita on Steel, and a com plete index, ' • 5 vols.,ll2aso i ldoth, - trio ;7 to. • _. • -. pEIIiNSLILSH.WSH, Complete in vol., taw,-Pries 11210,. , • ; , • •. - • TED SOBBST)i-11y4;.T. linatingtro4intior ol r•lerdy • .1 Second MI • tdon.^:- Price *1.14 - - `...-ALLSAtto:ory,Thaillistory of iiToring , finnan:- ity J. •Rtlie $2. • , ligatltfalAtjal.,.#lof ,• - r • 1114147:1,0t--1' 00.,,CTILESTRITT„STREET. Masalaciau*rs 0[... - 1 1MISR BURP IP' SILOS WARN, thiderT.•their *rogation, oh' the • preinisep airdusbroly • .Ottliganand Strangers in'Otod visit 'tdaw' tv: , - -- ,..- - . ',..4:,:i-.; 4 ..... , ~... . ~V040110,-"-...' ....*'' .lk..1161,00i1: 1 401 1 / 1 011ellthi r IIIMILAY'STRIENTIO. ? 1 / 4 ., - 4Ff - A.1.:14.404146Antt1t et sOrgiviturs, e,r evert 4., t ( ' ..4-0 614 tRil 0 4) 1 4 1 1;ktiot4. to order to otstob - , 441 4 4 , . , ...i , ...-, , _...-: -ii - ___ .., 0 , ' - --', --"----- 4.: - ,61- - . :1,-kg 11411 ,,,i.."4 0 4.-1 1 -itopottod ,r r a,...„..,...,...„..k.,,,,„,,,.......„,.../.:,„1„.4.50.u..1,_._ ,1 4 OfEVa r =lVlLtar t l 'b ..I'ii7 A;:,;' , ": ...- ~..-40144114Flt „ z ..:., - :.4,7:': V. `t.. , ?• ll.,lgiTi,.*lT'cl , .. f#Ait iltrftif".WillD, . i ' t ~ , i 1 , ;,.f i ; V. : , #: . '36;;1 'I, ::-:: -. ":..il4 041 :” V=., ,*) l6 l l4 APeici9.o 3l6 4tqlellr:CA ''''r:!-, .- . *194 . 4 8 8../ 11.4.. . 4- 4, 1 ; : '__,_' ,7 ,.. 1 i s ', l ` ._: •+q 4 .';'. Irt:•'rfit,,t,::` It - ? :# l Stikfitt:-WhOrSto 4 l 44. loo , :tt - 4-: , -:•; ,116 // 4 .° 1 . 41"he r -fg - Otritl , lA.:tW, ~,,, ,, ` ;--). .. -,‘.,4 ~. -'.}l•:.::i--, ' -, -y....W - i,:,1 ,taiwzigAlt-Ogone4i. 90Ra; f= `'-'' - 4 ''`• r';::41:':!30-4.44q;:"304.,15,:srpilefetmLya*twv,,.-1,,,,.. - .1 , -..v.- 7-. , A • I.: -r-`;` , m4 ,,,7 4.111t o,4tm.okotatips;llo3ll_i-t,-1 . :, , ,v1„,;,5e,-iipl-Smake: ii, ;11 att**,-_-.7, ,, , , 7 , ", , , , ,,}: ,, ,,, , ),- , : k 1 --'-, gr., A . s4„.'se ,, ;.'- -0 tit If.C!lf.i' , ,: - ' - , • 01 P - .. 1 W.3`..1. ,- , 1 - •iii- ''ftz-=-. „ , * - 1, : 4 . : ft-P*.fit ''' d ".11 64 ** *. . 4 ,--,-. - .: , - ... - „Vt4t)or - =-T...ig.q.T . ri',' -.- .:. ,: ia,,-1 ,- -41 . i., ~,,,, WAN,p. ,-:• . -, - .• - - ;,_Vts"l;'q r ttr l l.7Clt** ll o4oo , ll 9 .01 0 11. : . : 041.10, - ;', 4) . :, ' . '';' - 1. ), :',':? : . , . , 4ato , WAROXTOV;ziiiiiTABLE 74—A. coußqGslrott twx map; Embrace all the potato necessary to -- _ GENTEEL, EFFECT,: ell the' details and item elegatieles which impart 7r443O I .OOIWFORTiIiND DURABILITY cieattemeaare troittaLto call and - eketls4lla 430 PREMEMEiteat ' i'' . -`; _ _ --- 111111 TINY, I.N.IND.LLNO34,1 1 114141- at , . ilia; ID parts; it 1115TOItY:OP. BRITISH - INDIA:i etttn'o count otthe Iltutyty or the Native Troops j by ILitteht= goihetr. Martin.: itlisstrated - wittrsteel erigrarlogs the Whelped. plooes !faltictio,; 131dt:6,8o:ties, Tortratto, 11'49/ql !, P a t Aliir r A t a i ti li Ti 9 e Q e D tNeiet i rl d hie. - , fee.the sale of the aletvo:', et4t* nRIGINAL WIARLES 171011.V3 PICITTUAL MASA in tNesilinibtfut Plays and Olugraphy, and illustrated usitli'vei,rattuleionslluirre4l4l - on Wood t in the high. useetile 'or art ;, farrelinit'S , Thtsiieseribere - hare been ;enabled to senate three uixileejn, thidmiagishisint edition of ; 814•Irspeare, ,Irldels bee linemen exceedingly - InnuedLite Igen wlll be„,neuesal . to - phsltiiit • .. ;u, -wv,rons. const • W 0 onol4 e, of o f ImPediat D IA it • - Ifee&tieeeotreaeletei Breothevllle-itleo, :roger *pie; ud "other-elite.* le t h e Stutondlin,e. - : Itrertege KEW,- DZOONIS •tet,""euele ties At yettittge tor tlieee-wia!detiliork mitts to order; , , - ; ,, , •• ~ i 00614; qarbtaitle,'iltatgoltlt.. - itiiiiiista6,oAffrons,, Ll AßEETß,l'ilVAlTTAU3 l &e: Also; ltronge'and-ipebie 47tAQS8,,eireeiteet etylee, eni"et euperfoi,wielity.- Fildtw?cirly- d'l -- 1 - i'44:: - .PE4UIGN2y, , ~ OP WA.TaH °AIMS Vii--- ..=-•-?"4.F.FIPAC'TLT- - . ±k ' ll i 4 iie;Yt4i ' ' -''' ,atf.l.oolTiglill 9 , , . anurri . 1 go ll *. la 't MID :BTRKE'f f BLOW ~ _O Ol --.*: ^..;---- ; . ...n.ADEL,PIII A ..-- , ' .---- ..- • ~ „Looms Pflutalo,l C l OiliAri -- Piiiiii ( 4C-,,.-: ' r-,. WINE -WATOHES. - itipsdy,:et all the celebrated hondein and Eerie a %ratchet benntintly on hand:- oigiike. o otiline Fr odiham - tc4 at Thßersrp,fiee' thr•rgrrey pelcei as established at gilitaitoikigen'efielee' 2$ 216, aioo"doilare. =-...'"-iliattri.,Vgcr'f.pricet-;14 226;250, - as .00 , • ' ; 928 OIIZATIVUT ickhrY4A;(4)ALOWALIc2L - ..0(.)-; •-_ -_••• • a." -.• •treedii'd VlibillT2o3T - litiLOV/411111 ItTAZET; atiOtteteW matehas.4.esitYlne Jewelry; -Manurtatil* , . sera or , ItteellnLandiStandosd 81leetTeis ate, 'Yorks and eporrriz,tot.,'Whigr foiAbirstrl of Muter rrodsham's ,nWomitstieldeldldidal leadcin the -11 - rifiOt hill Nicer s244it4s;:airaluro, • • %h eh Wetehill ' 1 01atindeea. - `• enable IciPbe/40 Out Alielican, Plited Wrier kiiAlt, BRO.- • - mutenonreses 'AND'IMIPO rue - `-- c.r 40.=84141hietnot street, Above , Thire':tvi' o'fittaire" *mtsf • lisnaritna br esti to the 8 OtIMWNION FfEavioz - BETS %num .^ .43ffel i k- 0 9./40 81 1L9U.P. 0.;1411:34..t23.;:9A9* Felloso•diiheni of the Senate and House of Re , "preseittariccs _ -In.obedience to the command of the Constitution, It has new hemitue my duty " to ire the Congress informatien of the state of the nion, and recom mend to their considetation. sue measilres" as I judge to lie " nowise* and expedient." -But first, and above all, our thanks are due to - Almightyilod'for the numerous benefits which lie 'hair bedewed- rition this people; and our united 4,leyers• ; ought. to ascend to Rim that lie would .continue to bless - our great Republio time to come 'as lie hits blessed it in time past; . Since the adjournment 'of the last Congress our constituents have. enjoyed an 'unusual degree of health. Tho earth has yielded' her fruits abundantly, and has .bountifully roararded the toil of the husbandman. Our great armies have commanded high prides, and, up, till within a brief period, our manufac turing, mineral,- and mechanical occupations have .largely_partaken of the general prosperity, We have posseseed all the elements of material wealth in rich abundance, and yet, notaithstanding !di these advantages , our Country, in its monetary in terests, id at the present moment in a deplorable. pandit-toll. In the midst of unsurpassed plenty in all • the prodnetions p 1 egrionitore and in alt the elements 'Of 'natiOnall -Wealth, we find our manu factures suspended, our public works retarded, our private enterprises of different kinds abandoned, and thensands of useful laborers thrown out ot I eMploynrent, and reduced to want. The revenue of the Government, which is chiefly derived from Mies Oh Imports from abroad, has been greatly reduced, whilst the appropriations made by Con ;tress at its last session for the current fiscal year are very large in atnolint. 'Under these circumstances a loan may be re quired before the close of your present session; but • fhb, although deeply to be regretted, would prove to be only a slight misfortune when compared with the suffering - and distress prevailing- among the i people. With this the Government cannot fail deeply to raympa thine, though it may be without -the power PT extend relief. It is our duty to•inquire what has produced such unfortunate results, and whether their recurrence tan be prevented. In all former revulsiona, the ,biaMe might have - boon fairly attributed to a va riety of 00-operating causes; but not so upon the Present occasion. • _ It is apparent that our existing ,misfortrines have proceeded RCM Our extra :vagant and vicious syttem iff paper • morello,' and bank orediti,:eteiting the peoPo to wild specula ' Gone end ''garabling in steels. These revalstons 'Mist 40htinhe Its tit* at successive intertala so tong as the ameulst of the paper currency and bank leans and discounts of the country shall be loft to the discretion of fourteen hundred irresponsible banking institutions, which, from the very law of .their nature, will consult the interest of their stook holders rather , than the public welfare. Ihe framers of the Constitution, when they gave te,-COngrese the power " to coin money, and to tegulate , the value thereof," and prohibited the States - from'coiningmeney, emitting bills of credit, or making anything bit gold and silver coin a legal „tender in `payment of debts, supposed they bad protected the. people against, the evils of an excessive - and irredeemable paper Currency. They are not responsible for the existing anomaly that a -Government endowedwittt the sovereign attribute Of_colning money and seguliting the vallie therinif _should have no poirer to prevent others from driv ing this Coin slit of the country, and filling up the Channels of ciroulatiowwith paper" which does not represent gold and sneer.," , it is One of the hi hest and mat responsible dit ties of Government to Imam to the people a sound circulating medians; the amount of which ought to .ba adapted with -the utmost possible wisdom and akin to the wants of Internal trade and foreign ex changes. if this he either greatly above or greatly 'below the proper Standard, the marketable value °revery man'a'property is increased or diminished in the eam6 proportion, end • injustice to Individu als, as well as incalculable ovila,to the community, are the consequence. • '• Unfortunately, under the construction of tho Federal Constitution, which has now prevailed too long to be changed, this important and delicate duty has been dissovered from the coining power, not .virtually transferred to more 'than fourteen hundred State banks, acting independently of each other, and regulating their paper issues al mod -exclusively by a regard to the present inte rest ief r 'a akokholders Esereising tho sm. Sepublio against over-issues and bank suspensions. As a oollateral and eventual secu rity, it is doubtless Wise, and in all 0[1509 ought to be •re e Auirod; that banks abedt hold nil amount of ' Unit * States or State seduritlot equal to their notes eireulation, and pledged for their re demption. -This, however, furnishes no ade quate security' against over-issues. On the con trary, itmay be perverted to inflate the currency. Indeed, it ispossible by this means to convert all the debts of the United BMWs and State Govern ments Into bank :notes, without- reference to the specie required to redeem them.- However valua ble those securities may be in themselves, they can not be converted into gold and silver at the mo ment of pressure, as our experience teaches, in sufficient time to prevent bank enspeuslons and the depreciation of bank notes. In England, which is to a considerable extent a paper-money 'country, though` vastly • behind our own in this rasped, it was deemed advisable, entailer to the act of Par liament of 1844, which wisely separated the issue of note from the banking &pertinent; for tho Bank of Hogland-alwaya to keep on hand gold and silver equate, one-third of its combined circulation and deposits. If this "proportion was " no more than sufficient to secure the - convertibility of its notes, With the ' whole of Great Britain, and to some ex tent the continent of,Europe, - as a field for its cir culation, rendering it almost impossible that a sud den and immediate run to a dangerous amount should be made upon it, the same proportion would certainly be insuffieient under our banking system. Each of our fourteen hundred banks has but a limited circumference for its circulation, and in ' the course of a very few days the depositors and netehOlitere might demand from such a bank a a ufgelent amount in specie to cabinet it to suspend, even although it lied coin in its vaults equal to one,third of its immediate liabilities.. And yet I cut not'awarei with the execution df this brinks of Louisiana,' that any State bank throughout the: Union has beer' required by 'its charter to keep this or any ether propertion of gold and silver corn 'pared with the amount of its combined circulation , and deposits. What has been the consequence? In I ,a recent report made by the Treasury Department on the condition of the banks throughout the dif- I ferent States, according to returns dated nearest to'January, 1857, the aggregate amount of actual specie in their vaults is 08,349,838, of their oir aulitiOn" $214,778,822, and of their deposits '5280,351,852. Thus it appears that these banks in the aggregato have considerably less than one* - dollar in seven 'of gold and ,silver oompared with their - " circulation and deposits. It was ,palpable; therefore,' that the very first pressure must drive them to suspension, and deprive the • people of a convertible currency with all its dins .trotul consequenees. It is truly wonderful that they should haire so .long continued to preserve their 'credit, when a demand for the payment of one•sefenth of their immediate liabilities would have them into insolvency, • And this is th condition, of the banks, notwithstanding that four hundred millions of gold from California have flowed in upon us within the last eight years, and the tide dill continues to flow. Indeed, such hes been the extravagance of bank credits that the banks now bold a oonsidorably less amount of spe cies,either in proportion to their capital or to their 'circulation and deposits combined, than they did Before the discovery of gold in Ualifornia. Whilst in the year 1848 their spools in proportion to their capital was more than equal to one dollar for four and a half, in 1847 it does not amount to one dollar for every six dollars And thirty-three cents of their capital. In the year 1848 the epode was equal , within a very small fraction to one dollar in five of their circulation and deposits; in 1857 it is not equal to one dollar in seven and a half of their circulation and deposits. • Prom Ibis statement it is easy to amount for our financial history for the lest forty years. It has been bletory of extravagant expansions in the business of-the country, followed by ruinous con traCtione. -At successive Intervals the best and most enterprising men have been tempted to their ruin by excessive bank loans of mere paper credit, exciting them ,to extravagant importations of fo reign goods, wild speculations, and ruinous and - demoralizing stock - gambling. When the oriels Arrives, as arrive It must, the - banks can extend no relief to the people. In a vain struggle to redeem their liabilities in spode, they are compelled to contract their loans and their issues; and at last, in the hour of distress when tin* assistance is moetne4ded, they and their debtors together sink into instivoney, , It is Ms paper * systemof extravagant expansion, 'raising the nominal prise of every artiole far be .yond its real value ; when compared with the out of similar articles In countries whose circulation ISWieely regulated, which has prevented us from iireopeting fa onr own markets with foreign menu heiturers, has produced-extravagant importations, and has connteraoted the effect of the large inci dental protection afforded ' to our domestic manu factures: by the present revenue tariff. But for_ -this, the branches of our manufactures mewed of "raw - materials, the p . roduction of our, owit.country—such as cotton, iron, and Woollen febrioe—vrould not only have acquired al -most exelusive posseasion of the home market, but would have created for themselves a foreign mar ket throughout the world.. -" Deplorable,, however, as may be our present finapelalcondition, we may yet indulge in bright lilies for the . future., . No other nation has ever existed width could ave endured such violent ex pansions and contraetione of paper credits without Dieting bin* ; yet the buoyancy of youth, the energies of oily population, and 'the spirit which Miver.quails before will enable us soon to Mayer' from, our 'present financial embarrass mentjand`rnar ven. occasion speedily to forget Ihnleieten Which they have taught. to the:meantime this the dutpaf the Govern- MeAdilrisli proper marine within its power, to aid lifellittrlating; the, sufferings of the people ma- Atermispinslen of the banks, and to prd st,lide:agishust.iiiiieurrenee Of the same °ldeality '/Ifitlixtdeetely; iti'elther upset of thi cue; oan, 'Afkbitt,ltitat.;Tl k anksjoithe Independent, 'Tree saSlAeir,3oo,rnireirithas not'suspended payment, #l l ,- ,1 4 6 0 04 401 11- idi to deMy, thCfallure of the tianlta ia,lB37.`continue to discharge its liabilities thie,peopie in" - gold and silver. Its 4 1 0-* 1111 . 10 , 1 0 4 . CO, !ill pass Into efroulatien, and materially assist in restoring a sound currency. From its high oredit, should we be compelled to make a temporary loan, it can be ()Tooted on ad vantageous terms. ThIS, however, shall, if, possi ble, be avoided ; but, if not, then the amount shall be limited.to the lowest practicable sum, I have, therefore ) determined that whilst ue useful flotternreent works already in progress shall bp suspended, now works, not already oommenced, otill bo postponed, if thin cart be done without in jury to the country. Those necessary for its de fence shall proceed as though there had been no crisis in oar monetary affairs. But the Federal novermitent Oannlit do much to provide agaihst a recurrence a ..i.tinq evils. Wen if insurniountable constitutional ob,jcotions did not exist against the creation of a National Bank, this Would furnish no adequate preventive seaunty. The history of the last, Bank of the United States abundantly proves the truth of this assertion. Such a bank could not, if it would, regulate the issues and credits of fourteen hundred State books, in such a manner as to prevent the ruinous expansions and contractions in our curren cy, which Winded the country throughout the ex istence of the late) bank, or secure uslagainst future suspenaions. In 1825, an effort was made by the Bank of England to curtail the issues of the coun try banks under the most favorable circumstances. The paper currency had been expanded to a 'Min olta extent, and the bank put 'forth all its tower to contract it in order to reduce KV, re store the equilibrium of the foreignexo 'an*Ob. It accordingly oomMenoed a system or 'curtailment of its leant!: and issues, in the vain hope that thejeint- Mock and private - banks of the - kingdom would he compelled to follow its example. It found, how ever, that as it contracted they expanded, and at the end of the process to employ the language of a very high official adthorlty, "Whatever reduction of the paper circulation was effected by the Bank of England (in 1825) was more than made tip by ,the issues of the country banks." Butt a Bank of the United States wand wit, if it could, restrain the issues and leans of the State banks, because its duty as a regulator of the air- Caney must often be in direct conflict with the im mediate interest of its stockholders. If we et poet one agent to restrain or control another, their interest must, at least in some degree, be tiptago nistio. But the directors of a Bank of the United States would feel the same interest and the same inclination with the directors of the State banks to expand the currenoy,to accommodate their favor ites and friends with loans, and to declare large dividends. Such has been our experience in re gard to the last bank. After all, we must mainly rely upon the patriot ism and wisdoria of the States for the prevention and redress of the evil. If they will afford us a real specie basis for our paper circulation by in creasing the deneminition of bank notes, first to twenty, and afterwards to fifty dollars; if they will require that the banks shall at all nines keep on hand at least one dollar of gold and silver for every three dollars of their circulation and depo sits; and if they will provide by a self-executing enactment, which nothing can arrest, that the mo ment they suspend they shall go into liquidation, I believe that such provisions, with a weekly pub lication by each bank of a statement of its condi tion, would go far to secure us against future sus pensions of specie payments. Congress, in my opinion, possess the power to pass a uniform bankrupt law applicable to all bank ing institutions throughout the United States, and I strongly recommend its exercise. This would make it the irreversible organic law of each bank's existence, that a suspension of specie payments shall produce itstivil death. The instinct of self preservation would then compel it to perform its duties In such a manner as to escape the penalty and preserve its life. The existence of banks and the circulation of bank paper are so identified with the habits of our people, that they cannot at this day bo suddenly abolished without much immediate injury to the country. If we con confine them to their appro. priato sphere, and ifillfi'vent them from administer ing to the spirit of wild and reckless speculation by extravagant loans and issues, they might be ocintinued with advantage to the public, But this I say, after long and much reflection: if experience shall prove it to he impossible to en joy the facilities which well-regulated banks might afford, without at the same time suffering the ca lamities which the excesses of the banks have hitherto inflicted upon the country, it would then bo far the lesser evil to deprive them altogether of the power to issue a paper currency, and confine them to the functions of banks of deposit and dis count. Our relations with foreign Governments are, upon the whole, In a satisfactory condition. The diplomatic diffieulties which existed be tween the Government of the United States and that of Great Britain, at the adjournment of the last Congress , have been happily terminated by the -untment of a British minister to thin oc , ho has been cordially received. rattly to the Interest, as4'am'con ao ,sincere`,dealro, of the Govern, ;le orthesirre nOnottios, to be' 'friend/61p, wltb' eeotrintber, cigln of the Government we have id In negotiating treaties with that afterwards in discussing their true in tent and meaning. In this respect, the convention of April 10, 1850, commonly called the Clayton and Bulwer treaty, has been the most unfortunate of all; because the two Governments place directly opposite and contradietory constructions upon its first and most important article. Whilst, in the United Status,_ we believed that this treaty would place both Powers upon tin (dad equality , by the stipulation that neither will over occupy, or for tify, or colonize, or assume or exercise any domin ion" over, any part of Central America, it is con tended by the British Goyernment that the true construction of this language has left them in the rightful possession of all that portion of Central America which was in their occupancy at the date of the treaty; in fact, that the treaty is a virtual recognition on the part of the United States of the right of Great Britain, either as owner or protector, to the whole extensive coast of Central America, sweeping sound from the Rio Hondo to the port and harbor of San Juan de Nicaragua, together with the adjacent Bay Islands, except the comparatively small portion of this between the Sarstoon and Cape Honduras. According to their construction, the treaty does no more than simply prohibit them from extending their possessions in 'Central America beyond the present limits. It is not too much to assert, that if in the United States the treaty had been considered susceptible of such a construction, it never would have been negotiated under the authority of the President, nor would it have received the approbation of the Senate. The universal conviction in the United States was, that when our Government consented to violate its tra ditional and time-honored policy, and to stipulate with aforeign Government never to occupy or ac quire territory in the Central American portion of our Conthelit, the consideration for this sacrifice was that Great Britain should, in this respect at least, be placed in the same position with ourselves Whilst 17e have no right to doubt the sincerity of the British Government in their construotion of the .treaty, it is at the same time my deliberate con viction that this construction is in opposition both to its letter and its spirit. Under the late Administration negotiations wore instituted between the two Governments for the purpose, if possible, of removing these difficulties ; and a treaty having this laudable object in view was signed at London on the 17th ()debar, 1858, and was submitted by the President to the Senate on the following 10th of December. Whether this treaty, either in its original or amended form, would have accomplished the object intended with out giving birth to new and embarrassing compli eationt between the two Governments, may per haps be well questioned. Certain it is, however, it was rendered much lees objectionable by the dif ferent amendments made to it by the Senate The treaty, as amended, was ratified by me on the 12th Alaroh, 1857, and was transmitted to London for ratification by the British Government. That Go vernment expressed its willingness to concur in all the amendments made by the Senate with the 4 'single exception of the clause relating to neaten and the other islands in the Bay of Honduras. The article in the original treaty, as submitted to the Senate, after reciting that these islands and their inhabitants "having been by a convention bearing date the 27th day of August, 1856, between her Britannia Majesty and the Republic of Honduras, constituted and deolared a free territory under the sovereignty of the said Republic of Honduras" stipu lated that the "two contracting parties do hereby mutually engage to recognise and respect in all future time the independence and rights of the sail free territory 119 a part of the Republic of Honduras." Upon an examination of this convention between Great Britain and Honduras of the 27th August, 1856, it was found that, whilst declaring the Bay Islands to be "a free territory under the sove reignty of the Republic of Honduras," It deprived that Republic of rights without which its *eve reignty over thorn could toarcoly bo said to exist. It divided thorn from the remainder of Honduras, and gave to their inhabitants a separate Govern ment of their own, with legislative, executive, and Judicial officers, elected by themselves. It de prived the Government of Honduras of the taxing power lit every form, and exempted the people of the islands from the performance of military duty except for their own exclusive defence. It also prohibited that Ropublio from erecting fortifica tions upon them for their protection—thus leaving them open to invasion from any quarter; and, finally, it provided " that slavery shall not at any time hereafter bopermitted to exist therein." Had Honduras ratified this convention, she would have ratified the establishment of a State substantially Independent within her own limits, and a State at all times subject to British influ ence and control. Moreover, had the United States ratified the treaty with Groat Britain in Its original form, we should have boon bound to " re cognise and respect in all future time" these stip ulations to the prejudice of Honduras. Being in direct opposition to the spirit and moaning of the Clayton Bulwer treaty as understood in the United States, the Senate rejected the entire clause, and substituted in its stead a simple rooognition of the sovereign right of Honduras to these Wanda in the following language : " The two contracting par tit do hereby mutually engage to recognise and respect the islands of Bunten, Boum°, Utile. Barbaretta, Helena, and Moral, situate In the Bay of Honduras, and off the coast of the nomadic of Honduras, as under the sovereignty and as part of the said Republic of Honduras,' - Groat Britain rejected this amendment, assign ing as the only reason, that the ratifications of the convention of the 27th August, 1850, between her and Honduras, had not been " exchanged, owing to the hesitation of that Government." Wed this been done, it 13 stated that " her Majeety's Gov ernment would have had little difficulty in agree ing- to the modification proposed by the Senate, which then would have had in effect the same sig nification as the original wording." Whether this Would have boon the effect ; whether the mere oir etimstanee of the exchange of the ratilloationS of the British convention with Hondarrul prior in point of Howie the ratification of our treaty with idled Britain would, " in effect," have had " the same signification as the original wording," and tbus,htivonullilled the amendment of the Senate, may well be doubted. It is, perhaps, fortunate that the question has never arisen. The British Elovernuiene, Immediately after re jooting the treaty as amondeff, pro Pot Into a now treaty with the United; ata in all respects, to the treaty which, the refused to ratify, if the United States sont to add to the Senate's dear and i recegnition of the sovereignty of Hen tht hey Islands the folloWing aontitilion Lion: "Whenever and so soon as the B Honduras shall have concluded and rant with Great Britain, by which Great Itrl , have coded, and the Republio of Ilondt have aooepted, the sold Islands, eubjeono visions rind conditions contained in molt' I This proposition was, of course,, repel& the Senate had refused to rewegplSe' the convention with Honduras of the .27tIr 1856, with full knowledge of its contents, it, possible for me, necessarily Ignorant oft,Ahe visions and conditions" which mig.ht . bel con in a future convention between the sattieA to sanction them in advance. : --- " -,. The fact is, that when two nation's' like,t Britain and the United States; mutually. tie " , as they are, and I trust over rent hetr lwls„ taining the moat friendly relations . IV/011ei other, have unfortunately col:minded:AA which they understand In senses directly OP ~ the wisest course le to abrogate such a tr• mutual consent, and r. . commence anew'. 5J `llia been (lobe prollipti , all ditlioultleitin t America would meat probably 'ore' this hap ',. adjusted to the satisfaetion of both'imiitoe= ;.. timespentindisoustipg,the 'inee r nial(Oftka and ITuiwor. treaty wonia have; beenidei Q AO this praiseworthy purpose, and the tank would 11,114. boon the more eaeily'accomplished because interest of the two einntries in Central Amert q Identical, being Oentmed to socuriog safe tea ts' iii , bl. ill tho tontes across the Isthegus, , , Whilst entertaining these . sentimellt4, -I MOH nevoilllelese not refuse to.eentriblitCto an,f,tea. 1 ionable adjuitmOnt of the Central 'Anteiloatt ,qpst. lions Which is not practically inconsistent with* Atneilean interpretation of tho treaty. Overtuqx.' for this 13trpbse have been recently made vino British GOvbrialtient in a friendly spirit, whieli:r 4 cdrdially reciiirocate ; but whether this rehairs effort will leak in eueoeiS I ant ndt yet prapairell to expre s s en opinitin. A brief period will doter; mine. , With France our ancient tv,lathins of friaries still continuo to (WA. The French Clover/We , : havelin shVeral recent instan ce s tibieh noed,not. I t enumerated, olinced a spirit , of g'sqd will pi, kindness towards our tiodiitrY Which t heartily eiprocatc. It is, notwithstanding, ruuelf•to be it!, gretted that two nations whose produCtlets9 a such a character as to invite the meet eaten exchanges and freest commercial intordoi shotild continue to enforce ancient and obse . e, restrictions of trade against each other. Our OA M mercial treaty with Franco is in this respeot respect-. exception from our treaties with all other comas ' Mal nations. It jealously levies diserimlmt dillies both On tonnage and on articles, the gro 1, f. produce, or manufacture of the ono country,Mi* arriving in vessels beltingibg to the other. . ` , 'F . , O More than forty years ago oh the 3d crirlig,' 1815, Congress passed an act ofr i ering td all nIY leg to amit their vessels laden *it their datlanAl pee-, duotlona into the ports of the United Statell,npop, the same terms with our oivn vessels, protided they,. would. reciprocate to us similar advantages. ,Wil act confined reciprocity to tho productiontof it* respective foreign nations who might en ter Hite. r proposed arrangement with the United &Met q act of May 21, 1828, removed this restriction, lute" offered a similar reciprocity to all such, veepp . without reference to the origin of their cargovl ; Upon these principles, our commercial treaties; 04 arrangements have boon founded, except wijlti France ; and lot us 1101)0 that this exception niSrY not long exist. Gar relations with Russia remain, as they hat - over been, on the most friendly footing. The sent Emperor, as well as his predooessere, ha' never failed, when the occasion offered, Wolin fast their good wilt to our country ; end - Wl' friendship has always been highl y & y appreelatadit the Government and people o the United Mot With all other European overnmeats, Oboe ; that of Spain , our relations aro as peaceful so recommendation was made by my immediate pre decessor in his message of Dooembor, 1653 ;; and entirety concurring with both in the opinion that this indemnity is justly due under the treaty with Spain of the 27th October, 1795. I earnestly room , mend such an appropriation to the favorable con sideration of Congress. A treaty of friendship and commerce was con cluded at Constantinople on the 13th December, 1856, between the United States and Persia, the ratifications of which wore exchanged at Constan tinople on the 18th June,lBs7, and the treaty was proclaimed by the President on the 18th August, 1857. This treaty, it is believed, will prove bene ficial to American commerce. The Shah has mani fested an earnest disposition to cultivate friendly relations with our country, and has expressed a strong wish that we should be represented at Teheran by a minister plenipotentiary; and I re commend that an appropriation be outdo for this purpose. Recent occurrences in China have been unfavor able to a revision of the treaty with that empire of the 3d July, 1844, with a view to the security and extension of our commerce. The 24th article of this treaty stipulated for a revision of it, in cart exporlenee should prove this to be requisite; "In which case the two Governments will, at the expi ration of twelve years from the date of said con vention, treat amicably concerning the same, by meant of suitable persons appointed In conduct such negotiations." 'These twelve years expired on the 3d July, 1856; but long before that period it was ascertained that important changes In the treaty were necessary; and several fruitless at tempts wore made by the commissioner of the United States to effect these changes. Another effort was about to be made for the samepurpose by our commissioner, In conjunction with the min isters of England and France; but this was sus pended by the occurrence of hostilities in the Can ton river between Great Britain and the Chinese Empire. These hostilities have necessarily inter rupted the trade of all nations with Canton, which is now in a state of blockade, and have occasioned a serious loss of life and property. Meanwhile, the insurrection within the empire against the existing imperial dynasty still continuos, and it is difficult to anticipate what will be the result. Under these oircumatanues, I havedeeme3 It ad visable to appoint a distinguished citizen of Penn• sylvania envoy extraordinary and minister pleni potentiary to proceed to China, and to avail himself of any opportunities which may offer to effect changes in the existing treaty favorable to Ame rican commerce. Ile left the United States for the place of his destination in July last in the war steamer Minnesota. Special ministers to China have also been appointed by the Governments of Great Britain and France. Whilst our minister has boon instructed to occupy a neutral position in reference to the existing hos- UMW at Canton, be will cordially co-operate with the British and French ministers in all peaeofel measures to secure by treaty stipulations, those just concessions to commerce which the nations of the world have a right to expect, and which. China cannot long bo permitted to withhold. From as. suraneee received, I entertain no doubt that the three ministers wilt act in harmonious concert to obtain similar commercial treaties for each of the Powers they represent. We cannot fail to fool a deep interest in all that concerns the welfare of the independent Republics un our own continent, as well as of the empire of Brazil. Our diffisulties with Now Granada, which a short time since bore co threatening an aspect, aro, it is to be hoped, in a fair train of settlement, in a manner just and honorable to both parties. The Isthmus of Central America, including that of Panama, Is the great highway between the At lantic and the Pacific, over which a large portion of tho commerce of the world is destined to pass. The United States are more deeply interested than any other nation in preserving the freedom and seourity of all the communications across the Isthmus. It Is our duty, therefore, to take care that they shall not be interrupted, either by Inca- slung from our own country or wars between the independent States of Central America. Under our treaty with New Granada of the 12th December, 1816, we are bound to guaranty the neutrality of the Isthmus of Panama, through which the, Pana ma Railroad passes, " as well as the rights of sove reignty and property which New Granada has and possesses over the said territory." This obligio tion is founded upon equivalents granted by the treaty to the Government and people of the United States, Under these circumstances, I recommend to Con• gross the passage of an not authorizing the Presi dent, in ease of necessity to employ the land and naval forces of the United States to carry into effect this guarantee of neutrality , and protection. I also recommend similar legislation for the sem city of any other route across the Isthmus in which we may acquire an interest by treaty. With the independent Republics on this cent!. bent it is both our duty and our Interest to culti vate the most friendly relations. Wo can never feel indifferent to their fate, and must always re joice in their prosperity. Unfortunately, both for them and for us, our example and advice have lost much of their influence in consequence of the law less expeditions whieli have been fitted out against some of them within the limits of our country. Nothing is better calculated to retard our steady material progress, or impair our character as a na tion, than the toleration of such enterprises in 910- Intion of the law of nations. It is one of the first and highest duties of any in dependent State, in its relations with the mem bers of the groat family of natiollvto restrain its people from sots of hostile aggrefiT6n against their citizens or subjects Tho most eminopt writers on publio law do not hesitate to denounoe such hos tile acts as robbery and murder. Weak and feeble States, like those of Central America, may not feel themselves ahlo to Retort and vindicate their rights. The ease would be far different If expeditions were set on foot within our own territories to make private war againet powerful nation. If such expeditions were fitted oat from abroad against any portion of our own country, to burn down our cities, murder and plun der, our people, and usurp our Government, we ehould call any Power on earth to the strlotest so count for not preventing such enormities. Nils olnce the M10;4410194 et tietigtel Weeli• lngton, note of Congress have boon in force to 4tinisb severely the crime of setting on foot a mill itary expedition within the limits of the United tates, to proceed from thence, against a nation or State with whom we are at peace' The present ,lsoutrality not of April 20th, 1818, to but little More than a collodion of pre-existing laws. Un der this ad the President is empowered to employ 'the land and petrel foroes and the militia a for the purpose of preventing the carrying on of any such . expedition or enterprise from the territories and ijarisdiction of tho United States," and the collo°. 4 tors of customs are authorised and required to de tain any vessel In port when there is reason to be lbws She is about to take part in such lawless en terprises. L' When it was first rendered probable that on at tempt would bo made to got up another unlawful -,expedition against Nicaragua, the Secretary of State issued Instructions to the marshals and dis trict attornoys, which were directed by the &m.o -.:400s of War and the Navy to the appropriate army and navy Mlioets, requiring them to be vigi lant, and to'use their best exertions in carrying into effect the provisions of the act of 1818. Net .withstanding these precautions, the expedition has escaped from our shores. Such enterprises can do .nepossible good to the country, hut have already Inflicted muoh injury both on its Interests and its chisraoter. They have prevented peaceful emigre lion from the United States to the States of Central America, whiob could not fail to prove highly bone fiaild to all the parties concerned. Ina pecuniary point of view 01000, our citizone have sustained heavy losses from the seizure and closing of the transit route by the San Juan Between the two ' The loader of the recent expedition was arrested at New Orleans, but was discharged on giving bail for his appearance in the insufficient sum of two ,thourand dollars. I commend the whole subject to the serious attention of Congress, believing that our duty end our interest, es well as our national character, .require that we should adopt such measures as will be effectual in restraining our citizens from com mitting such outrages. I regret to inform you that the President of t Para nay has refused to ratify the treaty between the ailed States and that istato us amended by the fienate, the signature of which was mentioned in the message of nay predecessor to Congress, at the ,opening of its session in December, 1863. The reasons assigned for this refusal will appear in the Correspondence herewith submitted. It being desirable to ascertain the fitness of the river La Plata and its tributaries for navigation by steam, the United States steamer Water Witch Was sent thither for that purpose In 1853. This en ' .torpriso was successfully carried on until February, 11855, when, whilst in the peaceful prosecution ot . ,her voyage up the Parana river, the ktoamar was .fired upon by a Paraguayan fort. The ere was re turned; but as the Water Witch was of force, and not designed for offensive operations, she re tired from the conflict. Tho pretext upon which the attack was made was a decree of the President of - Paraguay of Ootobor, 18.61, prohibiting foreign vessels-of-war from navigating the rivers of that State. As I'araguay, however, was the owner of but one bank of the river of that name, the other belonging to Corrientes, a State of the Argentine Confederation, th e righ t of its Government to ex poet that such a decree would be obeyed cannot be acknowledged. But the Water Watch was not, properly speaking, a vessol-of•war. She was a anima Steamer engaged in a scientific enterprise in tended for the advantage of commercial States generally. Under these circumstances, lam con drained to consider the attack upon her as unjusti fiable, and as milling for satisfaction from the Pa raguayan Government. Citizens of the United States, also, who were es tablished in business in Paraguay, have had their property seized and taken from them, and have otherwise beon treated by the authorities in en Insulting and arbitrary manner, which regains redress. A demand for these purposes will be made in a Arm but conciliatory spirit. This will the more probably be granted if the Exeentlve shall have pt+' ng any part in the election. The net of the Territorial Legislature had omit ted to provide for submitting to the people the Constitution which might ho framed by the Con vention ; and in the excited state of public feeling throughout Kansas an apprehension extensively prevailed that a design existed to force upon them a Constitution in relation to slavery against their will. In this emergency it became my duty, as it was my unquestionable right, having in view the union of all good citizens in support of the territo vial laws, to express an opinion on the true con struction of the provisions concerning slavery con tained in the organic act of Congress of the 20th Zday, 1854. Congress declared it to bo "the true intent and meaning of this act not to legislate slavery into any Territory or State, nor to exclude it therefrom, but to leave the people thereof per fectly free to form and regulate their dotnestio in stitutions in their owu way." Under it Kansas, " when admitted as a State," was to " be received into the Union, with or without slavery, as their Ceptitution may prescribe at the time of their ad milFsion." Did Congress mean by this language that the delegates elected to frame a Constitution should have authority finally to decide the question of slavery ? ()Hui they wand, by leaving it to the people, that the people of Kansas themselves should decide this question by a direct vote? On this subject I confess I had never entertained a serious doubt, and, therefore, in my instructions to tiovernor Walker, of the 28th March lac., I merely said that when " n Constitution ehall'bo submitted to the people of the Territory, they must be pro tected in the exercise of their right of voting for or against that instrument, and the fair expression of the popular will must not be interrupted by fraud or violence." In expressing this opinion, it was far from my ' ntontion to interiors with the decision of the peo pie of Kansas, either for or against slavery. From this I have alwaysearefully abstained. Intrusted with the duty of taking "care that the laws be faithfully executed," my only desire was, that the people of Kansas should furnish to Congress the evidence required by the organic set, whether for or against slavery; and, in this manlier, smooth their passage into the Union. In emerging from the condition of territorial dependence into that of &sovereign State, it was their duty, in my opinion, to make known their will by the votes of the ma jority, on the direct question whether this import ant domestic institution should or should not con tinue to exist. Indeed, this was the only possible made in which their will could be authentically ascertained. TUo elootion of delegates to a Convention muss necessarily take place in separate districts. Front this cause it may readily happen, as baronets been the ease, that a majority of the people of a State or Territory are on ono aide of a luostion, whilst a majority of the representatives from the several districts into which it is divided may be upon the other side. This arises from the fact that in some distriela delegates may be elected by small major'• ties, whilst in others those of different sentiments may receive majorities sufficiently groat not only to overcome the votes given for the former, but to leave a large majority of the whole people in di rect opposition to a majority of the delegates. Be sides, our history proves that influences may be brought to bear on the representative sufficiently powerful to induce him to disregard the will of his constituents. The truth is, that no other authen tie and satisfactory mode exists of ascertaining the will of a majority of the people of any State or Territory on any important and exciting question like that of slavery in Kansas, except by leaving it to a direct vote. now wise, then, was it for Congress to pass over all subordinate anti interme diate agencies, and proceed directly to the source of all legitimate power under stir institutions' Mow vain would any other prineiple prove in practice ! This may be illustrated by the case of Kansas. Should she be admitted into the Union, with a Constitution either maintaining or abolish• ing slavery, against the sentiment of the people, this could have no other effect than to continue and to exasperate the existing agitation during the brief period required to make the Constitution con form to the irresistible will of the majority. The friends and supporters of the Nebraska and Kansas act, when struggling on a recent owns:ion to sustain its wise provisions before the great tri bunal of the American noople, never differed about its true moaning on this subject. Everywhere threughout the Mon they publicly pledged their faith and their honor, that they would cheerfully , , submit thoquestion of slavery to the decision of the 6oner, fide people of Kansas, without any re striation or quantization whatever. All were cor dially united upon the groat doctrine of popu lar. sovereignty, which is the vital principle of our free Institutions. Had it then been In sinuated from any quarter that it would be a BUlE clout compliamo with the requisitions of the or ganic law for the members of a Convention, there after to be elected, to withhold the question of slavery from the people, and to substitute their own will for that of a legally-ascertained majority of all their constituents, this would have been in stantly rejected. Everywhere they remained true to the reaolution adopted on a celebrated occasion recognising "the right of the people of all the Territories---including Kansas and. Nebraska— noting through the legally and fairly-expressed will of a majority of actual residents and whenever the number of their inhabitants justifies it, to i , form a Constitution, with or without slavery, and be admitted into the Union upon terms of perfect equality with the other States." The Convention to frame a Constitution for Nan ens met on the first Monday of September last. The 7 were called together by virtue of an act of the Territorial Legislature, whose lawful existence had boon recognised by Congress in different forms and by different arm-atm:tuts. A large proportion of the citizens of Kansas did not think proper to register their names and to vote at the election for delegates; but an opportunity to do this having been fairly afforded, their rethsal to avail them selves of their right could In no manner affect the legality of the Convention. This Convention proceeded to frame a Consti tution for Kansas, and finally adjourned on the 7th day of November. But little difficulty 000urredin the Convention, except on the subject of slavery. The truth is that the general provisions of our re cent State Constitutions are so similar—and, I may Add; ett elpant-tlAt the =unto bctrtom Mita le not essential. Under the earlier practice of the Government, no Constitution framed by the Con vention of a Territory preparatory to Its admission into the Union as a State had been submitted to the people. I trust, however, the ereimple Jet by the last, Congress , requiring that the Constitution of Minnesota " ehould be eubject to the approval and ratification of the people of the proposed State," may be followed on future occasions. I took it for granted that the Convention of Kansas would act in accordance with this example, remitt ed, as it is, on correct principles; and hence my in emotions to Governor Walker, In favor of submit ting the Constitution to the people, were expressed in general and unqualified terms. In the Kansas-Nebraska act, however, this re quirement, na applicable to the whole Constitution, had not been inserted, and the Convention were not bound by its terms to submit any other portion of the instrument to an election, except that which relates to (ho " domestio institution" of slavery. This will ho rendered ulcer by a simple reference to its language, It was " not to legislate slavery into any Territory or State, nor to exclude it there from, but to leave the people thereof perfectly free to form and regulate their domestic institutions in their own way. ' According to the plain construc tion of the sentence, the words " dowiestie institu tions" have a direct as they have an appropiate reference to slavery . Domestic institutions'' are limited to the family. The relation between mas ter and elare and Ft few others are "domestic in stitutions," and aro entirely distinct frOm institu tions of a political character. Besides, there was no question then before Congress, nor indeed has there since been any serleue question before the people of Kansas or the country, except that which relates to (ho "domestic institution" of slavery. The Convention, after an angry and excited de bate, finally determined, by a majority of only two, to submit the question of slavery to thepeo ple, though at the last forty-three of the fifty dele gates present affixed their signatures to the Con stitution. A largo majority of the Convention were in favor of establishing slavery in Kansas. They accord ingly Inserted an article in the Constitution for this purpose similar in form to those which had boon adopted by other Territorial Conventions. In the schedule, however, providing for the transition from a Territorial to a State Government, the ques tion has been fairly and explicitly referred to the people, whether they will have a Constitution with or without slavery." It declares that, be fore the Constitution adopted by the Convention " shall be sent to Congress for admission into the Union as a State," an election shall be hold to de cide this question, at which all the white male in habitants of the Territory above the ago of 21 are entitled to vote. They ore to vote by ballot ; and " the ballots cast at said election shall be en dorsed Constitution with slavery,' and Consti tution with no slavery.'" If there be a majority in favor of the 1, Constitution with slavery," then it is to be transmitted to Congreasby the President of the Convention in its original form. If, on the contrary, there shall boa majority in favor of the " Constitution with no slavery," then the article providing for slavery shall be stricken from the Constitution, by the President of this Convention;" and it is exprettely declared that " no slavery shall exist in the Rata of Kansas, except that the right of property in slaves now in the Territory shall in no manner be interfered with;" and In that event it is made his duty to have the Constitution thus ratified transmitted to the Congress of the United States for the admission of the State into the Union. At this election every citizen will have an op portunity of expressing his opinion by his vote, " whether Kansas shall be received into the Union with or without slavery," and thus thin exciting question may be peacefully settled in the very mode required by the organic law. The election will be bold under legitimate authority, and if any portion of the inhabitants shall refuse to vote, a fair opportunity to do so haying been presented, this will be their own voluntary act, and they alone will be responsible for the consequences. Whether Kansan shall be a free or a slave State must eventually, under some authority, be de cided by an election; and the question can never be more clearly or distinctly presented to the people than it in at the present moment Should this opportunity be rejected, she may be involved for years in domestic discord, and possibly in civil war, before she eau again make up the issue now no fortunately tendered, and again reach the point she has already attained. Kansas has for some years occupied too mush of the public attention. It is high time this should be directed to far more important objects. When once admitted into the Union, whether with or without slavery, the excitement beyond her own Hittite will speedily pass away, and she will then for the first time be left, as she ought to have been long since, to manage her own affairs in her own way. If her Constitution on the subject of ala. very, or on any other subject, be displeasins,p, va : er w e i s Ae ur p l e=!iu ..: l_3lawrierpertod. ell be sptes timed whether Zhe peace iirearof the wbo. 11c4InetY ") e t - 4i5 4 ..g...,t4,, , in i4, ,14 ,.L 1 ttat ti 10e u t x0 1un the )ostsesr.taltipor parties in Kaaatteritl^ Meal =mull , *one teflon without-shyer, adopted by the Totes of the majority, therightiof property in slaves now in the Territory aro reserv ed. The number of these is very small ; but if it were greater the provision would be equally just and reasonable. These slaves were brought into the Territory under the Constitution of the United States, and aro now the property of their masters. This point has at length been thistly decided by tbo highest judicial tribunal of the country—and this upon the plain principle that when a Confed eracy of 'sovereign States acquire a now Territory at their joint expense, both equality and justice demand that the eitigens of one and all of them shall have the right to take into it whatsoever is recognised as property by the common Constitu tion. To have summarily confiscated the property in slaves already in the Territory would have been an ant of gross Nastier, and contrary to the practice of the older States of the Union which have abolished slavery. A Territorial tiovernmont MIS established fur Utahby act of Congress approved the 9th Septem ber,lB3o,and the Constitution and laws of the United States were therebyiestonded over it ko far as the same, or any provisions thereof, may be applica ble." This act provided for the appointment by the President, by and with the advice and consent of the Senate, of a Governor,tythe was to be ex officio buperintendent of Indian af f airs, a secretary, three judges of the Buyout.) court, a marshal, and a distriut attorney. Subsequent acts provided for the appointment of the officers necessary to extend our land and our Indian system over the Territory. Brigham Young was appointed the first tiovernor on the 20th September, 1850, and has held the office ever since. IVhilstUovetnor Young has been bothttioyernor and superintendent of Indian affairs throughout this period, he has been at the same time the head of the church called the Latter-Day Saints, and profe:.ses to govern its members and dispose of their property by direct inspiration and authority from the Almighty. Ilis power has been, therefore, abseluto over both Church and State. The people of Utah, altno•t exclusively, belong to this church, anti believing with a fanatical spirit that ho is Governor of the Territory by divine appointment, they obey his commands as if them were direct revelations from Heaven. If, therefore, Ito chooses that his Government shall come into collision with the Government of the United States, the members of the Mormon church will yield implicit obedience to his will Unfor tunately, existing facts leave but little doubt that sloth is his determination. Without entering upon a minute history of occurrences, it Is sufficient to say that all the officers of the United States, judi cial and executive, with the single exception of two Indian agents, have found it necessary for their own personal safety to withdraw from the Terri tory. and there no longer remains any Government in Utah, but the despotism Of Brigham Young. This being the condition of affairs in the Territo ry, I could not mistake the path of duty. As Chief Executive Magistrate, l was bound to restore the supremecy of the Constitution and laws within its limits In order to effect this purpo,e, I appointed a new Governor and other federal officers for Utah. and sent with them a military force for their pro tection, and to aid as a posse romitatirl., in case of need, in the execution of the laws. With the religions opinions of the Mormons, as lung as they remained mere opinions, however de plorable in themselves, and resetting to the moral and religious sentiments of ell Christendom, I had no right to interfere. Actions alone, when in vio lation of the Constitution and laws of the United States, become the legitimate subjects for the juris diction of the civil megistrate. My instructions to Governor Cumming have therefore been framed in strict accordance with those principles. At their date, a hoped was indulged that no necessity , might exist for employing the military in restoring and maintaining the authority of the law; but this hope has now vanished. Gov. Young has, by proclamation, declared his determination to maintain his power by force, and has already committed acts of hostility against the United States. Unless he should retrace hie step 4 the Territory of Utah will bo in a state of open re bellion. lie has committed these acts of hostility, notwithstanding Major Van Vliet, an officer of the army, sent to Utah by tho Commanding General to purehese provisions for the troops, had given him the strongest assurances of the peaceful Intentions of the Government, and that the troops would only be employed as a poste comitatus when called on by the oivil authority to aid in the execution of the laws. There is reason to believe that Gov. Young has long contemplated this result. lie knows that the continuance of his despotic power depends upon the exclusion of all settlers from the Territory or- cept those who will acknowledge his divino mis Rion and Implicitly obey his will ; and that an en lightened public opinion there would soon pros trate institutions at war with the laws both o God and maa. Ile has, therefore, for several years, in order to maintain his independence, been industriously employed in collecting and fabricating arras and munitions of war, and in disciplining the Mormons for military , service. As superintendent of Indian affairs ' he has had an opportunity of tampering with the Indian tribes and exciting their hostile feelings against the United States. This, according to our informa tion, he has accomplished in regard to some of these tribes, while others have remained true to their allegiance, and have communicated his in trigues to our Indian agents. lie has laid in a store of provisions for three years, which, in case of necessity, as he informed Major Van Vliet, he will conceal "and then take to the mountains, and bid defiance to all the powers of the Government." A groat part of all this may be idle boasting; but yet no wise Government will lightly estimate the efforts which may be inspired by such phren sled fanaticism as exists among the Mormons in Utah. This is the first rebellion which has ex isted in our Territories; and humanity itself re quires that wo should put it down in such a man nor that it shall be the last. To trills with it would bo to encourage it, and to render it formidable. We might to go there with such an impoa;ng fordo as to convince these deluded people that resistance would be vain, and thus spare the effusion of blood. Wo can in this manner best convince them that wo are their friends, not their enemies. Inertiar to accomplish this °Meet it will be necessary, according to the estimate of the War Department, to raise four additional regiments; pad this X ouncatly mu/mond to Ooriscoo. At TWO CENTS the present moment of depression in the revenues of the country I am sorry to be obliged to recom mend latch a measure; but I feel confident of the rapport of Congress, cost what it may, in supprem leg the insurrection and in restoring and main taicing the sovereignty of the Constitution and laws over the Territory of Utah. I recommend to Congress the establishment of a territorial government over Arizona, incorporating with it mole portions of New Mexico u they may deem expedient. Ineed Namely adduce arguments in support of this recommendation. We are bound to protect the lives and property of our eitisene inhabiting Arizona, and these are now without effi cient protection. Their present number is already considerable; and is rapidly increasing, notwith standing the disadvantages under which they labor. Besides, the proposed Territory is believed to be rich in mineral and agricultural resources, eepeci ally in silver and copper. The mails of the United States to California are now carried over it through- out its whole extent, and this mote Is known to 1 be the nearest, and believed to be the best, to the Pacific Long experience has deeply convinced me that a strict construction of the powers granted to Con greed 13 the only true, as well as the only safe, 1 theory of the Constitution. Whilst this principle shall guide my public conduct, I consider it clear 1 that under the war-making power Congress may appropriate money for the construction of a mill- ' tary road through the territories of the United States, when this is absolutely necessary for the defence of any of the States against foreign lora else. The Constitution has conferred upon Con gress power to " declare war," "to raise and sup port armies," " to provide and maintain a navy," and to call forth a militia to " repel invasions." These high sovereign powers necessarily involve im portaut and responsible public duties, and among them there is none so sacred and eo imperative as that of preserving our soil from the invasion of a foreigu enemy. The Constitution has, there fore, left nothing on this point to construc tion, but expressly requires that " the United States shall protect each of them (the States] against invasion." Now, if a military road over our own territories be indispensably necessary to ' enable us to meet and repel the invader, it follows as a necessary consequence, not only that we Pee rless the power, but it is our imperative duty to construct such a rout. It would be an absurdity to invest a Government with the unlimited power to make and conduct war, and at the same time deny to it only the means of reaching and defeating the enemy at the frontier. Without such a road it is quite evident we cannot '• protect" California and our Pacific possessions ‘• against invasion." We cannot by any other means transport men and munitions of war from the Atlantic States in suffi cient time successfully to defend those remote and distant portions of the Republic. Experience has proved that the routes across the isthmus of CentrafAmerica are at best but a very uncertain and unreliable mode of communication. But even if this were not the ease, they would at once be closed against us in the event of war with a naval power so mach stronger than oar own aa to enable it to blockade the ports at either end of these routes. After all, therefore, we can only rely upon a military road through our own terri tories; and ever suite the origin of the Govern ment, Congress has been in the practice of appro• printing money from the public treasury for the construction of each roads. The difficultly and the expense of constructing a military railroad to connect our Atlantis and Pa cific States, have been greatly exaggerated. The distance on the Avieons route near the 321 parallel of north latitude, between the western boundary of Texas on the Rio Grande. and the eastern boundary of California on the Colorado, from the beat explorations now within our knowledge. does not exceed four hundred and seventy miles, and the face of the country Is, In the main, favorable. For obvious reasons the Government ought not to undertake the work Itself by means of its own agents. This ought to be committed to other agen cies, which Congress might assist either by grants of land or money, or by both, upon each term and conditions as they may deem most beneficial for the country. Provision might thus be made not only for the safe, rapid. and economical traesper tation of troops and munitions of war, but also of the public mails. The commercial interests of the whole country, both East and West, would be greatly promoted by tech a road ; Anil, above all, t would be a powerful additional bond of union. Anti although advantages of this kind, whether postal, commercial, or political, cannot confer cot stitational power, yet they may furnish auxiliary arguments in favor of expediting a work which, In my judgment, is fleetly embraced within the war-making power. For these reasons I commend to the friendly con sideration of Congress the subject of the e Peni6p railroad, without finally coregath...— particular reette....iveesetiry of the Treasury will Thin a detailed statement of the condition of the , public finances and iehMk r efigeretrge . -- • the reatnter warren:rue O t the e t la s eli nin ere t r o ri r nt r e e n v t; mu l3 e y ree this ei r y e e p d or fnai t it appears that u treasury ne, 00th yt t wei"m4 h o e f n cents, R 4lll aiG 3 L" 513.67 e which moue 16 t d5al es :i n wni go sie u x s fi an tscalP d s i sullt'inii n4 on aF i nd ; teen million nine hundred Undone hundred and twenty-five dollars and forty-five cents, ("tv,90t,a25 4k.) remaining in the treasury at the euismeneement of the year, made an aggre gate for the service of the year of eighty-eight million five hundred and thirty-two thousand eight hundred and, thirty-nine dollars and twelve cents, ($88,432,831.12.) The public expenditures for the fiscal year audit% 30th June, 1857, amounted to seventy million eight hundred and twenty two thousand seven hundred and twenty-four dollars and eighty-five cents, ($70,822,724.85,) of which five million nine hun dred and forty-three thousand eight hundred and ninety-six dollars and ninety-one cents ($3,013,- 890.911 were applied to the redemption of the pub lic debt, including interest and premium, leaving in the treasury at the commencement of the present fiscal year on the let July, 1657, seventeen million eaten hundred and ten thousand one hundred and fourteen delimit and twenty-seven cente, (sa,- 710,114.27.) _ _ _ The receipts into the Tressufy for the first quar ter of the present fiscal year, commencing first July, 1857, were twenty . million nine hundred and twenty-nine thousand eight hundred and nineteen dollars and eighty-ono cents, ($20,928,519.81.) and the estimated receipts of the remaining three-quar ters, to the iioth Jane. 1858, are thinly-six million seven hundred and fifty thousand dollars, 436,- 750,000,1 making, with the balance before stated, an rateriv"L l fi' e million throe and eighty-ninet:ousadntneunt_and thirty-four dollars and eight omits, ($75,389,431.08.) for the service of the present fiscal year. The actual expenditures duringlhe first quarter of the present fiscal year, were twenty-three mil lion seven hundred and fourteen thousand five hundred and twenty-eight dollars and thirty-saven cents, 42:3,714,528.31,1 of which three million eight hundred and ninety-five thousand two hun dred and thirty-two dollars and thirty-nine cents. (0,895.232 39d were applied to the redemption of the public debt, including interest and premium. The probable expenditures of the remaining three quarters to 311th June, 185 S, are fifty-ono million two hundred and forty-eight thousand fit e hundred and thirty dollars and four cents ($51.248,530.04,) including interest on the public, debt, making as aggregate of raven-four million nine hundred and sixty-three thousand fifty-eight dollars and forty one cents ($74,963,058.41,) leaving an estimated balance in the treasury at the close of the present fiscal year of four hundred and twenty-six-thou sand eight hundred and seventy-fire dollars and sixty-seven cents, ($126,875.61.) The amount of the public debt at the commence ment of the present fiscal year was twenty-nine million sixty thousand three hundred and eighty six dollars and ninety cents, 429,060,386.901 The amount redeemed since the first of July was three million eight hundred and ninety-fire thou sand two hundred and thirty-two dollars and thirty nine cents ($3,695,232 39)—leaving a balance un redeemed at this timo of twenty-fire million one hundred and sixty-five thousand one hundred and fifty-four dollars end fifty-one cents, 025,105,154 ) The amount of estimated expenditures for (ho remaining three-tparters of the present fiscal year will, in all probability, be increased from the causes set forth in the report of the Secretary. His suggestion, therefore, that authority . should be given to supply any temporary deficiency by the Issue of a limited amount of treasury notes, is ap. proved, and I accordingly recommend the passage of such a lan. . . As stated in tlo report of the Searotary. theta. riff of Marsh 3, 1i157, lots boon in operation for so short a period of time, and under circumstances so unfaeorable to n just development of its results as a revenue measure, that I should regard it as in expedient, at lest for the present, to undertake its revision. 1 transmit herewith the reports made to me by the Secretaries cf War and of the Navy, of the In terior and of the Postmaster Cleneral. They all contain valuable and important information and suggestions, which I commend to the favorable consideration of Congress. I have already recommended the raising of four additional regiments, and the report of the Secre tary of War presents strong reasons proving this increase of the army, under existing circumstances, to be indispensable. 1 would call the special attention of Congress to the recommendation of the Secretary of the Navy in favor of the construction of tea small war steam. . . ors of light draught. For some years the Govern ment has boon oblitied on many occasions to hire such stoamers from individuals to supply its press ing wants. At the present moment we have no armed vessel in the navy which eon penetrate the rivers of China. We have but few which can enter any of the harbors south of Norfolk, al though many millions of foreign And domestic commerce annually pass in and out of these her bore. Some of our most valuable interests and most vulnerable points aro thus left exposed. This class of vessels of light draught, great speed, and heavy guns, would be formidable in coast de fence. The cost of their construction will not be great, and they will require but a comparatively small expenditure to keep them in commission. In time of peace, they will prove as effective as mush larger vessels, and often more useful. One of them should be at every station where we maintain a squadron, and three or fens should ho constantly on our Atlantic and Pacific coasts. Economy, utility, and efficiency combine to recommend them as almost indispensable. Ten of these small vessels would be of incalculable advantage to the naval service, and the whole cost of their construe tion would not exceed two million three hundred thousand dollars, or $230,000 each. Tho report of the Seoretary of the Interior is worthy of grave consideration. It treats of the numerous, important, and diversified branches of domestic administration entrusted to him by law. Among these the most prominent aro the public lands and our relations with the Indians Our system for the disposal of the public lands, originating with the fathers of the Republic, him been improved as experience pointed the way, and gradually adapted to the growth and settlement of our Western States and Territories. It has worked well in practice. Already thirteen States and seven Territories have been carved out of these lands, and still more than a thousand millions of acres remaiu wom• yirbac a boundless prospoot tkis 1 1 10TICII to oemisiestawnes. datrangandaato for ig Tan lam" WI lime Mika salad tha tanastag mast : nray inietwineums nun le witompentist by On swat of MO 1 / 2 1tdr. la inner to hire estasetneen eir the knpognor, bat ens We d s Moe awake be written vO.. WA akell Is milli olligo4 to gostionso to tossoft. {Tats sad otbre etstas far esatelbatiows std a. ear rant TAWS Of th• Lay io tidy pialliadoe IsfaiNA4 Nocarow At a. iinume4l% emisky, Or tome d ripilattee, sail say lotormilsso {tut tie lolliooodis to the postal 'man - presonts to oar country of fatore prosperity sad power. We have heretofore disposed of . 1 43,443,4114 sues of the public leads. Whilst the public leads, u a soars of Ismsario, are of greet unputanee, their important* is far greater u furnishing homes for a hardy sad inde pendent rue of honest aad Industrious eitisesm who desire to subdue and ellithate the soil; They ought to be administered mainly with a view of , promoting this wise and benevolent policy. Ea appropriating them for any other purpose , we ought to nee even : greater economy than p lc= had been converted into money, and the were already in the public treasury. To equandu away the richest and noblest itheritanow which any people have Over enjoyed, upon objects of doubtful constitetionality or expediency, woeld be to violate one of the most important mats ever committed to any people. Whilst Ido mot deny to Congress the power, when acting Soma Ads as a proprietor, to give away portiere of them for the purpose of increasing the Tao* of the remainder, yet, considering the great temp!stion to alms this power, we cannot be too cutlets la lit emer oise. detests. Were under existing tam are voted/A against other purchasers at thelnidlo mhos, in their right of pre-emption, to the extent of a quarter section, or ISO acres of lead. The re mainder may than be disposed of at potato es en tered at private sale in unlimited quantities. Speculation has of Late years prowaited to a great extent in the pablie lands. The tosoequenos hers been that large portion' of them have lesoweee via property of intim - khakis and compeahm, and thus the price is greatly enhanced to those who derami to purchase for actual mammal. In order to limit the area of specuLation as much as powills, the extinction of the Indian title -and the exten sion of the public muveye ought only keep pees with the tide of emigration.- If Congress should hereafter grant alternate M. dons - to States or compaalm, se they hams dimes heretofore, I recommend that the intensto sections retained by the Government should, Is subject to pre-emption by seam/ settlers. It ought ever to be our cardinal policy Unman the public lands as mach as msy be Sw actual settlers, and this at moderate prises We *all thus not only best promote the pusperily of the new States and Territories, and the power It lits Union, but she/Incurs homes for our pasta*, for many generations. The extension of ear limits has brined within oar jurisdiction many additional and tribe/ of Indiana, a lazgoseoportees d le= lir e wild. =tractable, and =met tocoatrol- Preda tory and warble in their disposition and habits, It is impossible altogether to restrain that form sow nutting aggreenons an sash other. as well as spew oar frontier citizens and those emigostiag to err distant States and Territories.' lime expensive military expeditions are freeman-1y Oecanary to overawe and chastise the more Lyles and hostile. The present system of making them trainable presents, to indaenee Um to remain at pose, beli proved inedecuml. It is believed Us be Ors bellso polley to colonise th em in seilahlt 'spittle% insies. , they can receive the rethesess of edweithm andbe groduallythrhseed intOpttitithitts far as the experiment has been tried It basesuthed well in practice, and it will dashiki* pelt tieM _ less expensive than the presst system. The whole umber of lather edible ear Ise& toilet limits is believed to be, hoes the beet dole , in the Interior Itemeent, ablest =Me. The tribes of Cherokees, Choctaws, Cblehawee, and Creeks, settled in A. territory set &put for them west of Arkansas, are repel); alraselig le education and in all the sea of civilisation and self-gerennseat ; and ono ismy Wage the agree able anticipation that at no very dietant da they will be ineorporatcd into the Unice as aft of „the sovereign States. It will be seen from the report of aue Pestreasber General, that the Pad 01k. Departmemet stay seta donee to depend on the Treamary, as It Ku been compelled to do for several years fm as bi portant portion cf the means of auk and a=- te ading its operations. Their se == t and expiation are shown by a d the number of post oases, and the Ungar Pea roads, vommengl4_ _with the year in,r that Tear there were 7,009 poet game ; in 1817,11,177 ; in 1847, 13,144 ; and in 163 . 1 they comber 15,551/. In this year 17. a post oaks* hays bens eietaliasbed end 794 discontinued, leering • net increase ef 1011. The postmasters et Xit offices are appointed by the Precedent. The length of poet roads In 1617 WAS 10.7305 miles; in 1037, 14U13 miles; is 164, 133,4111 - miles; and in the year 1037 there _ hos, - 11 — of post read ; includint..VStina. — w high tie yes of the dopertment for the fiscal pier ending on the 30th Jane, 1937, as adjusted by the Auditor, mounted to_ $11,307,670. Te de fray these expfditures, thew was to the meat et" . ei le nV i growiaces • • • mail matteridneedllB,4s3,93l; sa d the reauda dvneramwasr.yeasoli ed tse b otso ythe useconneSies_ w vy the act ive; otap the grest approved Asyut IS, ISM, end by the gre plinths of 166603, made by the act of If 18571eaving d 2511,743 to be carried to the audiitsC them • •., tin the sements et the summit year. „ hid re she report of the department in re v • • . . • td the overland mail rent* from • • ' wielnelppirvives to San Francine, California. The mete was sleeted with my full concurrence, as the one, in my jesig meet, best calculated to attain the important ob jects contemplated by Congress. The late disastrous monetary revalsion may have one good effect should it cause both the Go vernment and the people to return to the practice of a wise and judicious economy, both in public and private expenditures . Art overawing treasury has led ta beats of pro digality and extravagance to our hie...titlelt. It has i nd uced Congress to make tarp apmeprialims to objects for which they never weld kayo pro vided, had it been cemetery to raise the anima% of revenue required to meet them by Increased taxa tion or by loans We are now compelled to pease In our career, and to samtinise our expenlitcres with the adman s igilanee ; and in performing this duty, I pledge my co-operation to the extent Only constitutional competency. It ought to be observed at the same time that tree public economy does not consist in withholding the means necessary to accomplish important na tion al objects intrusted to us by the Constitution, and es pecially such as may be necessary for the memo* defence. In the present crisis et the country it is our duty to confine ear appropriations Is objects of this character, unless in cans where justice to individuals may demand a different cease. In all eases care ought to be taken that the money granted by Comma Phan be faithfully and loom 'ideally applied. - Under the Federal Constitution, "emery bill which shall hare pasted the Have of itapreseata tires and the Senate shall, helms it bosonsee a law," be approved and signed by the President ; and, if not approved. "be shall return It witk hie objections to that home in which .sd~g¢i~aallad ty In order to perform this high and rupon.dide sufficient time must be al owed the President to read and examine every bill presented to him for approval. Unless this be afforded, the Constitatten becomes a dead letter in thisiparticalar ; and ere* worse, it beeomee a means of deception Our con stituents, seeing the President's approval and sig nature attached to etch act of Cowen, are in duced to behave that he has actually performed this duty, when, in troth, nothing is, in many came, more unfounded. From the practice of Congress, such an exami nation of each bill as the Constitution requires has been tenderest impossible. The meet important business of each session is generally crowded Into its last haute, and the alternative presented to the President is, either to violate the constitatkutal duty which he owes to the people, and approve bills which, for want of time, it is 1111pOtatt he should have examined, or, by his refusal to do this. subject the country and individuals to great less and inconvenience. Besides. a practice has grown up of Late years to legislate iv appropriation bills. at the last boars of the session, on new and important subjects. This practice either constrains the President to stiffer measures to become laws which he does not ap prove, or to incur the risk of stopping the wheel of the Government by vetoing an appropriation bill. Formerly, such bills were confined to specifie appropriations for carrying into effect exiatinglaws and the well-established policy of the country, and little time was then required by the President for their examination. For my own part, I have deliberately deter mined that I shall approve no bill which I have not examined, and it will be a ease of extreme and most, event nece,sity which shall ever induce me to depart from this rale. therefore respect fully, but earnestly, recommend that the two houses will allow the President at least two data previous to the adjournment of each session within which no bill shall be presented to him for ap proved. Under the existing joint rule one day is allowed; bat this rule has been hitherto so con stantly suspended in practice, that important hills continue to be presented to him up till the very last momenta of the session. In a large ma jority of eases no great public inconvenience can arise from the want of time to examine their pros islona, because the Constitution has declared that if a bill be presented to the Pre sident within the last ten days of the session, he is nut required to return it, either with an approval or with a veto, " in which case It shall not be a law." It may then lie over, and be taken up and passed at the next session. Great inconvenience would only be experienced in regard to appropria tion bills ; bat fortunately , under the late excel lent law allowing a salary, instead of a per diem, to members of Congress, the expense and incon venience of a called session will be greatly re duced. I cannot conclude without commending to your favorable consideration the interests of the people of this District. Without a reprenntatire on the floor of Con;ress, they have for this very reason peculiar claims upon our just regard. To this I know, from my long acquaintance with them, they are eminently entitled. _ . . JAMBS BUCHANAN WAHILIIGTON, Dee. 8, 1957. On Monday evening hat, Col. .1. Rebury Turner died In Baltimore in the 54th year of hie age. Col. Turner was well and favorably known in Baltimore for many years as one of the moat prominent butchers of the city. Asa friend, he pocoossed warm and generous impulses, while to the poor he ever dealt with a bountiful band. Be leaves a large family and many friends to mourn their loss. An accident, almost too horrible to relate, occurred on Friday morning to a little son of An drew, Critchlow, who resides near McKeesport, at the works of Pollock, Dunsetb, & Co. The little fellow while at play near a cokeing oven, fell backwards into it and was, as to his body, entail toted. The remains were redueed to a cinder within a few moments. The St. Nicholas Festival was celebrated with becoming honors, on Monday night, at the St. Nietkolas Hotel, New York. Among the skeeehes of the evening wall one by Hem /WM J. II Ilkitte 09T931191 #.4060.