- r~r r— t v.. ■. - - -w-.-- "r~r. ~ W nearer I'roprielor.] Truth and Right God nj|jd our Country, [Two Dollars per Ann Hid VOLUME 6. BLOOMSBURG, COLUMBIA COUNTY, PA., THURSDAY. DECEMBER 14. 1854. NUMBER 47. —>WWWgwi ■■—.■ va- i I i.WI TIIE STAR OF TliE SOUTH Is published every Thursday Morning, by 1?. W. WEAVER, OFhlCli- Upstairs, in the new brick building Cn the south side of Main street, third squats bcluto.Market. TIBMSJ—TWO Dollars per annum, if paid within six months from the time of sub scribing ; two dollars and fifty cents if not p*id within the year. No subscription re ceived for a less period than six months: no discontinuance permitted until all arrearages •re paid, unless at the option of the editor. ADTRRTISKMENTSOOI exceeding one square will be inserted three limes for one dollar, and twenty-fire cents for each additional in sertion. A liberal discount will be made to Ihosa who advertise by the year.* • THE PRESIDENT'S MESSAGE. Bead IB both Houses ol r§res* De cember 4 States is uot unlike that of individuals. They are naturally dependent upon oaeh oilier.— Amicable relatione JjsJvtatfli them, and re ciprocal good are essential fur the pro motion of is desirable in their m or al, social, and political condition. Hence it V baa been oiy earnest endeavor to maintain peace and friendly intercourse with all na- The wise theory of this go-ernmeni, so 9 "-early adopted and steadily pursued, of avoi- all entangling alliances, hac hitherto exempted it from many complications, in it would oiberwi.se have become ins Notwithstanding this our clearly defined and well sustained course of action, NP and our geographical position so remote (rotn K Europe, increasing disposition has been ma- Bf*"* nifeeled, by some of its governments, to su- pervtse, and, in certain respects, to direcj, W our foreign policy. In plans for adjusting the ballauce of power among themselves, they have assumed to take us into account, and tv would coustr.in us to conform our conduct to their views One or another of the pow er! of Europe has, from lime to time, under taken to enforce arbitrary regulations, con trary in many respects to established princi ples of international law. That law, the U nited Slates have, in their foreign intercourse uniformly respected and observed and they cannot recognize any such interpolations therein, as the temporary interests of others H may suggest. They do not admit, that the sovereigns ol one continents, or a particular •l of states, can legislate fur all others. Leaving the transatlantic nations to adjust their political system in the way they may tendered tbe right to resort privateers, in the war with a belligerent of naval sumpremacy will show that this government could never listen to such a proposition. The navy or the first maritime power in Europe is at least ten types as large as that of the United States. The foreign commerce of the two countries is nearly equal, and about equally exposed 10 hostile depredations. In war be tween that power and the United Stales, without resort OR our part to our mercantile marine, Ihe means of our enemy to inflict injury upon our commorae would' be tenfold j greater than ours to retaliate. We could not extricate our oountry from this unequal con dition, with such an enemy, unless we at once deparled from our present peaceful pel- OgMo—Hwn—■'■Mjumi rnrwmmmmmmwMijmmmmsmamasta ■ icy, mid hpcame a groat naval power. Nor J would thia country be better situated in war . with one of the secondary naval powers.— 3 the naval disparity would be leas, the great ,. er extent, and more exposed condition of i our wide-spread commerce, would give any i of them a like advautage over .us. ,• The proposition to enter into engagements . to forogo resort to privateers, in- case tide i country should be forced into war with a , great naval power, is not entitled to more j favorable consideration than would be a i proposition to agree not to accopl the servi , ces of volunteers for operations on land When the honor of the rights of oar conn [ try require it to assume a hostile attitude, it [ condfiemly relics upon the patriotism of its . citizens, not ordinary devoted to the milita ry profession, to augment the army and the , nevy, so as to make Ihsm fully asUqut* Xo j the emergency which calls them into action. The proposal to surrender the right to employ : privateers is piofessedly founded upen the , principle, that private property of utiofiend , ing non-oombatants, through enemies, should be exempt from the ravages of war; but Hi* proposed surrender goes but little way in rarrying out that principle, which equally requires that such private property should not be seized or molested by national ships i of war. Should the leading powers of Eu rope concur in proposing, as a rule of inter national law, to exempt private properly, upon the ocean, from seizare by public arm ed ctoKers, as well as by privateers, the U nited Slates will readily meet them upon that ground. Since the adjournment of congress, the rat ifications of the treaty between the United States and Great Britain, relative to coast fisheries, and to reciprocal trade with the British North American provinces,have been exchanged, and some of its anticipated ad vantages are already enjoyed by us, al though its full execution was to abide cor tain acls of legislation not yet fully psiform ed. So soon as it was ratified, Great Bri tain opened to our commerce the free navi gation of the river St. Lawrence, and our fishermen unmolested access to the shore's and bays, from which they had been previ ously excluded, on the coasts of her North American in return for which, she asked lor the introduction, free of duty, into the parts of the United Slates, of Ihe fish caught on the same coast by British fish ermen . This being the compensation, stip ulated in the treaty, for privileges of the highest importance and value to the United States, wfeich were thus valutilarl!/ yicldod. before it became efluctive, the request (ooro ed to me to be a reasonable otto; but it could not be acceded to, from want of au thority to suspend our laws imposing duties upon all foreign fish, la the meantime, the treasury department issued a regulation, for ascertaining the duties paid or secured by bonds on fish caught on the coasts ol the British provinces, and brought to our mar kets by British subjects, after Ihe fishing grounds had been made fully accessible lo io the citizens of Ibe United States. I rec ommend to .your favorable consideration a proposition, which will be submitted lo you, fur authority lo refund the duties and cancel the bonds thus received. The provinces of Canada and New Brunswick have also anti cipated the full operation of Ihe Jtreaty, by legislative arrangements, respectively, to ad mil, f rce of duty, the products at tho Uni ted States mentioned in the free list of the treaty ; and an arrangement, similar to that rcgwding British fmb, has been made for du ties now changeable on the products of those provinces enumerated in the same free list and introduced therefrom into thd United • States, a proposition lor refunding whicjr will, in my judgement, be in like manner entitled to your favorable consideration. There is difference of opinion between ihe United States and Great Britain, as lo the boundary line of the territory of Welling ton adjoining the British possessions on tho Pacific, which has already led (o difficulties on the part of the citizens and local author ities ol the two governments. 1 reommend that provision to be made for a commission, ' to be joined by one on the part of her Bri tanic Majesty, for the purpose of running and establishing Die line in controversy.— Certain stipulations of Ihe third and fourth i Articles of the treaty concluded by the Uni ted Slates and Great Britain in 1846, regard ing possessory rights of the Hudson's Bay ■ company, and property of tlie.l'ugel's Sound Agricultural company, have given rise to se i rious disputes, and it is important to all con cerned, that summary means of settling them amicably should be devised. -I have reason to believe, that an arrangement can be made on just terms, for tbe extinguish ment of the rights in question, embracing lIBPJ tho right of the Hudson's Bay compa ny lo the C3fi?alion of the river Columbia; and I tliereforo sitgg'asl !o your consideration, th* expediency of making a contingent ap propriation for that purpose. was the early and effecient ally of the Ueiled States in their struggle for inde pendence. From that time to the present, with occasional slight interruptions, cordial relatioas of friendship have existed between the governments and people of the two cnuntrios. The kindly sentiments, cherish alike by both natrons, have led lo extensive social and commercial intercourse, which, I trust, will not be interrupted or checked by any casual evortt or an apparently unsatisfac tory character. The French consul at San , Francisco was, r.ot long since, brought into the United Slates dislriot court at that place, by compulsory process, as a witness ID iavor of auotber foreign ceusul; iu violation, as the UL-UJ' -LyJ 1 - "i-—— f French government ooneoives, of his privl r legos uni'er our consular convention with - France. There being nothing in the traria • action which could imply any disrespect to f* France or Its consul, such explanation has y been made, us I hope will be satisfactory. Subsequently, misunderstanding arose on s the subjeot ol the French hav* s ing, as It appeared abruptly excluded the a American minister to Spain from passing s through Francejn his way/roro London to t Mart rid. But that government has eqnivo . cally disavowed any design to deny the right _ of transit to the minister of the United Stales; end, after explanations to this effect, be has I resumed his journey, and actually returned s through France to Spain. I herewith lay . before Congress the correspondence oil this , subject between our envoy ai Paris and the uiinUlsr lirf ' ills 'ffmoh government. . ' The position of our affairs with Spain re , mains as at the close of yeur last session.—' . Internal agitation, assuming very nearly the character of political revolution, has recent t ly convulsed that country. The late mtnis • ters were violently expelled from power, - aod men, of very different views in relation I to its internal affairs, have succeeded. Since this chaugo, there lias been no propitious . opportunity to resume, and press on, nego tiations for the adjustment of serious ques t lions of difficulty between the Spanish gov ernment and the United Slates. There is reason to believe that our minister will find , the present government more favorably in clined than the proceeding to comply with onr just demands, and to ttiako suitable ar [ rangemenls for restoring harmony, and pre serving peace between the two countries. { Negotiations are pending -with Denmark to discontinue the practice of levying tolls on our vessels end their cargoes pressing through the sound. I do not doubt that we can claim exemption tho-ef;ora, as a mat ter of right It is admitted on all hands, that the exaction is sanctioned not by the general principles of the law of nations, . but only of special conventions, which most , of the comercial nations have entered into with Denmark. The fifth article ofourlrea tyip IS2G, with Denmark, provides that thiffe shall not be paid oil the vessels of the United Slates and their cargoes when pass , ing through the sound higher dolies than those of the most favored nations. This may be regarded us an implied agreement , to submit to the tolls during the continuance of the treaty, and consequently may ernbar ..JW ibe.e*eiiion of ear :fe!.v la t> released . therefrom. There aro ufso other provisions in the treaty which ought to be modified. It was to remain in torce for ten years, and j until one year alter either party should give notice to the oilier of intention to terminate it. 1 deem it expedient that the contempla ted notice should be given to the govern ment of Denmark. The naval expedition dispatched about two years since for the purpose of establish , ing rotations with the empire of Japan; has been ably and skillfully conducted to a suc cessful termination by the officer to whom it was entrusted. A treaty, opening certain of the ports of that populous country, has been negotiated ; and in order give full ef fect thereto, it only remains to exchange ra tifications, and adopt requisite commercial regulations. The treaty letel y concluded between the i United Slates and Mexico sealed some ol our most embarrassing difficulties with thai country, but numerous claims upon it for wrongs and iajuries to onr ciiizeus remain . Ed unadjusted, and many new cares have I been recently added 1 to the former list of i grieviances. Our legation has been earnest r in its endeavors to obtain from tho Mexican government, a favorsblsj consideration of , these claims, unt hitherto without success, i This failure is, probably, in some measure, . to be ascribed to the disturbed of i that country. It has been my anxious de ; sire to maintain friendly relations with the Mexican republic, and to cause its rights | and territories to be respected, not only by our citizens, but by foreigners, who have re ! sorted to the United States for the purpose of , organizing hostile expeditions against some . | of the states of that republic.' The dcfence , ! less condition in which its* frontiers have . 1 been left, has stimulated lawless adventurers . 1 to embark in these enterprises, and greatly 1 increased the difficulty of enforcing our ob- I ligations of neutrality. Regarding it as my . j solemn duty to fulfil, efficiently, these ob . 1 ligations, not only towards Mexico, but otft , er foreign nations, I have exerted all the i powers with which lam invested to defeat i such criminal proceedings, sua! bring to . punishment those who, by taking a part ; therein, violated our laws. The energy and activity onr civil and ; military authorities hive fiustraied the de signs of those who meditated expeditions of ■ this character, except in two instanoes. One of these, composed of foreigners, was at first countenanced and aided by the Mexi can government itself, it having been de ceived as to their real object. The other, small in number, eluded thp vigilance 6f the magistrates at San Franoiseo, and suc ceeded in reaching the Mexican territories; but the effective measures taken by this government compelled the abandonment of of the undertaking. The commission to establish the new line between the United Stales and Mexico, ac cording to the provisions of Ihe treaty of the 30tb of December last, has been organ ized, and the work is already commenced. Our treaties with the Argentine confeder ation, and with the republics of Uraguay •• - and Paraguay, secure to us the freo naviga i lion o/ the river La Platte, ami some of its . laqjor tributaries; but the same success has not attended our endeavors to open the Am i azon. The reasons, in favor of the free use of that river,*! had occasion to present fully i in a former message; and , considering the - cordial relations which have long exis i ted between thisgovernmeni and it ; may be expected that pending negotiations i will, eventually, reach a favorable result. Convenient means 'o transit between the I several parts of a country, are not only de- 1 ; sirable for tho objects of commercial and i personal communication, but essential to its existence under one govenment. Sepa rated as are the Atlantic and Pacific coasts i of the United States by the whole breadth of the continent, still |he inhabit*";* of each r* etevelv &mnd tOgßfher Ly of origin and institutions, and by stroog at tachment to the Uuion. Hence the constant and increasing intercourse, and vast inter change of commercial productions, between these remote divisions of the Republic. At the present lime, the most practicable and only commodious routes for communication between them, are by the way of Ihe lath - ! musof Central America. It is the duty of ! the government to secure these avenues a ! gainst all danger of interruption. In relation to Centra) America, perplexing questions existed between the United States and Great Britain at the time of the cession of California. These, as well as questiions which subsequently arose concerning inter oceanic communication across the Isthmus were, as it was supposed, adjusted by the treaty of April 19, 1850; hut. uuforlunatoly, they hae been re-opened by serious mis understanding as to'the import of some of its provisions, a readjustment of which is now under consideration. Our minister at j London has made strenuous offjfls to ao | complish this desirable object, bnt has not j yet found it possible to bring the negotiations j to a termination. As incidental to these questions, I deem i it proper to notice an occurrence which hap- : pened in Contral America near the close of' the last session of Congress. So soon as the necessity was perceived of establishing rn ler-oceanic communications across the isth mus, a company was organized, under au thority of the state of Nicaragua, but com posed, for the most pait, of citizens of the United States, for the purpose of opening such a transit wy, by the river San Juan and I.ake Nicaragua, which soon became an eligible and much used route in the frans portafion of our citizens and their property between the Atlantic and Pacific. Meanwhile, nud in anticipation of the cclnpleiion end importance of this transit way, a number of adventurers had taken pos session of the old Spanish port at ihe mouth of the river San Juan, in open defiar.ee of the states of Central America, which, upon, their becoming iullependent, Lad rightfully succeeded to the local sovereignty and juris diction of Spain. These adventurers undertook to change the name of the place from San Juan del Norte to Grejtown, and, though at first pre tending to act as the subjects of the Mosquito Indians, they subsequently repudiated the control of any power whatever, nsumed to adopt a distinct political organization, nnd ] declared themselves an independent sover- i eign state. If, at some time, a faint hope t was entertained that they might become a ! stable and respectable oo mmunity, that hope soon vanished. They proceeded toassort unfounded claims to civil jurisdiction over Pnnla Arenas, a pos ition on the opposite side of ihe river Sail Juan, which was in possession, under a title wholly independent of them, of citizens of the United Stales, interested in tho Nicara gua Transit Company, and which was indis peusible necessary to the prosperous opera lion of this route across the Isthmus. Tht company resisted llioif groundless claims 7 whereupon they proceeded to destroy some of its buildings, and attempted violently to dispossess it. At a later period they organised a strong force for the purpose of demolishing Ihe e stnblishment at Punta Arenas, but this mis chievous design was defeated by the inter position of one of our ships of wsr, at that lime in the harbor of Ran Suan. Subse- , quenlly to this, in May last, a body of men | from Oreytown crossed over to Punta Are- | nas, arrogating authority to arrest, on the charge of murder a captain of one of the j steamboats of Ihe Transit Company. Being \ well awara that the claim to exercise juris diction there would be resisted then, as it had beeri on previous occasions, they went prepared to assert it by foroe of arms. Our minister to Central America happened to be present on that occasion. Believing that the captain of the steamboat was innocent, he witnessed the transaotions on which the charge was founded, and believing, .also, that the intruding party, having no jurisdic tion over the place where they proposed to make the arrest, would encounter desperate resistance if they persisted in their purpose lie interposed, effectually, to prevent vio lence and bloodshed. The American minister afterwards visited Greytown, and whilst he was there, e mob, including certain of the so called publio functionaries of the place, and surrounded the house in which he was, avowing that they Had come to arrest him, by order of some person exercising chief authority. While parleying with them he was wound ed by a missile from the crowd. A boat, despatched from the Amerioan steamer "Nor thern Light" to relieve him from the peril '4|| I—ul - _■!. , W Jjll ,JJ . ™'-'l— - Lous situation in which ho was understood 1110 he, was fired into by the town guard, and t compelled to return. These incidents, to- j ■ gelher with the known character of the pop i ulation of Ureylown, and their excited state, induced just apprehensions that the lives , and property of our citizens at l'unta Arenas , would be in imminent danger after the de parture of the steamer with her passengers, for New York, unless a guard was left for their protection. For this purpose, and in I order to ensure the Bafety of the passengers I and properly passing over the route, a tem- I porary force was organized, at considerable expense to the Unite'' States, for whicb provision was made at the last session ofJ Congress. This pretended community, a heteroze- j nous assemblage gathered varioue j countries, and composed, tor the most part ( of blacks and persons of mixed blood, had ; had previously given other indications of | mischievous and dangerous propensities. I Early in the same month, property Was clandestinely abstracted troiu die depot of the Transit Company, and taken to Grey town. The plunderers obtai ned shelter thero, and their pursuers were driven back by its people, why not only protected the wrong doers and shared the plunder, but treated with rudeness and violence those who sought to rocover the property. Such, in stibstanco, are the facts submit ted to my consideration, and proved by trustworthy evidence. I could not doubt (tia 1 j the case demanded the interposition of this j government, Justice required that raparea- j j lion should be made for an many and such gross wrongs, and that a course of insolence j and plunder, lending directly to the insecu- I rity of the lives of numerous travellers, and | of the rich treasure belonging to our citizens, 1 ! passing over this transit way, should be j | peremptorily arrested.—Whatever it might | ; be in o'her respects, the community in ques tion, in power to do mischief, was not ties- i I nicable. It was well provided with ordnance, i j small arms and ammunition, and might ' easily seize on the unarmed boats, freighted , i with mtllions of property, which passed dat- , ly within its reach. It did not profess to be longto any regular government, nnd had, in fact, no recognised dependence, orconnec'.ion with, any one to which the United Stales or their injured cilezens might apply for re i dress, or which could be held responsible in any way, for the outrages committed. | Not staoditig belore the world in the alti tude of att organized political society, being t neither competent to exercise the rights bor j j discharge the obligations of a government, ( it was, iu fact a marauding establishment, j ton dangerous to be disregarded, and to guilty :o pass unpunished, and yet incapable , of being treated in any other way than as a j practical resort of outlaws, or a camp of , savages, depredating on emigrant trains or caravans on the frontier settlements of civil- ( izad States. , Seasonable notice was given to the peo- i pie of Greytown that this government re- | quired them to repair the injuries that they i had done to our citizens, and to make a i suitable apology for theit insult of our min- I isler, and that a ship of war would be de- I j patched thither to enforce compliance with ! ] j these demands. But the notice passed un-! heeded. Thereupon, a commander of the ! navy, in chatga of tho ftloop-of-war "Cay etu.e," was ordered to repeat the domands, and to insist upon a compliance therewith.— j Finding that neither the populace or those j assuming to have authority ever them, mani : tested any disposition to mike the required reparation, or even to ofler en excuse for their conduct, ho warned them, by a public proclamation, that it they did not give sat' isfaction within a lime specified, he would bombard the town. By this procedure lie afforded litem op- < portunity to provide for their personal safe ty To those also who desired to avoid loss I of property, in the punishment about fo be inflicted on the oflending town he furnished i the means of removing their effects by the t boats of his own ship, and of a steamer | which be procured and tendered to tnem for that put pose. At length perceiving no I disposition on the part of the town to com- I ply with his requisitions, he appealed to the l commander of her Britaniu Majesty's sclionn- < 1 er "Bermuda," who wai seen to have inter. I j course, and apparently much influence with i I : the loaders among litem, —to interpose, and j t ! persuade them to lake some course calcula i i i ted to save the necessity of resorting to the ; < ' extreme measure ihdicated in hisproclama- ' tiou ; but that cflii-pr, instead of acceding to 1 lire request, did nothing more than to pro- < test against the contemplated bombardment, t No steps of any sort were taken,' by the I pie, to give the satisfaction required. No I individuals, if any there were, who regarded t themselves as not responsible for tbe mis- 1 conduct of the community, adopted any I means to separate themselves from the late I of the guilty. f The several charges, which the demands £ for redress were founded, had been publicly ' kntiwn to all for same time, and were again r announced to them. They did not deny v any of these charge* , they offered no ex- ' planation, nothing in extenuation of their t conduct; but contumaciously refused to 1 hold any interconrs* with the commander ' of the "Cayne." By their obstinate silence teoy seemed rather desirouato provoke chas- tisement than to escape it There is ample reason to beli eve that this conduct of wanton * defiance, on their part, is imputable to the I delusive idea that the American government ° would be deterred from phnishing tbem, J a through fear of displeasing a formidable for i i Jty. '*• •* , y w-. j eign power, which, they, preumud to think, looked with complacency upon their aggres sive tin tl insulting department towards the UnitPd States. The "Coyne" at length fired upon the town. Before much ii.juty bad boon done, the fire was twice suspended, in order to aflbrd opportunity tor an arrange ment ; but litis was declined. Most of the buildings of the place, of little value gener iy, were, in the sequel destroyed , but ow j ing to the considerate l precautions taken by , our naval Commander, there wasnodestrao j lion of life. | When the "Cayne was ordered to Cen tral America, jt was confidently hoped and ; ox peeled that no occasion would arise for j " a resort to violence and destruction of i property audioes of life." InMructiens to l that effect weta jtlven to hqr commander. | And no extreme nut would have been requi si to had not the people themselves, by lbe;r f extraordinary conduct in the affair, frustra | led all the possible measures for obtaining satisfaction. A withdrawal from the place, lite object of hi* visit entirely defeated, would, under thrf oircumetauces in which the comrhttmlcr of the Cyane found him self, have been the absolute abandonment of all claim of our citizens for indemnifica tion and submissive ncqutescenoe in nation al indignity. It would ha*o encouraged in these law less men a spirit of insolence and rapine moat dangerous to the lives and ' properly of our citizens at Punta Arenas, and probably emboldened them to grasp at the treasures and valuable merchandize I continually over the. Nicaragua route. It have beetflnest satisfactory to wo il the objects of tbe I "Cy atie V mission could have been con sum ate J without afty act of public force J but the arrogant contumacy of tbe offenders rendered it impossible lb void the alterna tive, either to break up Ihejl establishment or to leave them impressed with the idea they might persevere with impunity in i career of insolenco and plunder. This transaction has been the subject of complaint on the part of some foreign pow ers, and has been characterized with more of harshness than of justice, if compari sons were to be instituted, it would be difficult to present repealed instances iit the history of tbe States, standing In the very front of modem civilization, where commu nities, far less offending and more defence less than Greytown, have been chastised with much greater severity, and where not ( cities only bare been laid in rains, but human life has been recklessly sacrificed, and the blood of the innocent made profuse ly to mingle with that oi the guilty. Passing from foreign to domestic affairs, your attention is naturally directed to the financial condition Of the country, always a ? A subject of general interest. Fpr complete and exact information regarding the finan ces. and the various branches Of the public service connected therewith, I refer you to the report of the Secretary of the Treasurey, i,/ > fwm which it will appear that the / of revenue during the last fiscal year, fror\ all sources, was seventy-three million hundred and forty-nine tbonsahd hundred and five dollars: and that the pubJ lie expenditures for the same period exclu- 9- sive of payments on account of the public - debt, amounted to fif'y one million eighteen thousand two hundred and forty-nine dol lars. During lite samS period, the payments mads in redemption of the public debt, eluding interest and premium, amounted to twenty-four million three hundred and thirty-six thousand three hundred v eighty dollars. ' 'j To the mm total of tho receipts of that year is to be added a balance remaining in v. tbe Treasury at the commencement thereof, . amotfntiag to twenty-one million nine hun dred and fortf-two thousand eigbt hundred and ninety-two dollars ; and afdite close of jJa the same year, u corresponding balance 4- mounting to twenty million one hundred ' and thiriy-aeven thousand nine hundred ahd sixty-seven dollars of receipts above ex penditures, also remaining in the Treasury. Although, in tbe opinion of the Secrete 'jr of the Treasury, the receipts of tbi Current fiscal year are not likely to equal in amount these of the last, yet they will undoubtedly exceed the amount of expenditures by at fifteen millioc of dollar*. I shall, therefore, continue to direct that the surplus revenue be applied, so far as it can be ju diciously and economically the re duction of the public debt, of which at the commencement fis cal year, was sixty-seven million three hun dred and forty thousand six hundred and twenty eight dollars; of wbtoh there had been paid on the twentieth day of Novem ber, 1854, the sum of Iwer.ty-lwo million three hundred and sixty-five thousand one hundred and seventy-two dollars; leaving a balance of outstanding public debt of only forty-four million nine hundred and seventy five thousand four hundred and fifty-six dollars, redeemable at different petiods within fourteen year*. There are also rem nants of other government stocks, most of which are already due, and on which the interest has ceased, but whioh have not yet been presented for payment, amounting to two hundred and thirty-three thousand one hundred and seventy-nino dollars. This statement exhibits the fact, that the annual inoome of the government greatly exceeeds the amount of its public debt, which latter remains unpaid, only because the time of payment baa not yet matured, and itcanuvt oe discharged at once, except St the option of public creditors, who pre fer to retain the rsourihes of the tfijifad