tito'ry.‘norih u! Ilw Cululnbifig "'“M'ng “long ‘he Pacific and [he SH‘RHS (l' FUCO. from Bulfinch’s hm'bm inclu~iWJo "00d" Cnnul’ and t" llhlki' he? 10 the Unih'd Stfl'i‘fl any p 0” (H' pul'ifl' Mini“ 0' .in'l'l‘UllP forty."inc .[egqm-‘u' which" they nuuhl «le sirc. oilher on Ihc mnm land, nr on Qin ilra and Vancntiror’g island. [\‘Viih' lhe’ exceplinn «(who Ircc pl)ll-‘. lliis was [he “mouth-r which had been made byjhe British and rejected by the American guy! ernmenl in the ncgmiaiiun ul [8261 This proposilion wné properly rvjcclcd by the American l’leniplnenlimy on lhedny it wag submluecl. This Wins the only prop- obition of compromise nfierml by lh'u Bril iah_plcnipotenlinry. 'l'hc pmpovition on the pull of Gréal Britain having been re jccted, the Brittnh pleniputentinry rrqucs~ ted that a proposal should be made by the U. Staten tor "nan equitable adjustment ol the question." “'twn I came intuottice.| tuund this to be the state of the negotiation. 'lhnugh entertaining the Settled convictlun. that the British pretensions ut titlt' could not he maintained to any portion ol the Uto gott territory upon any prinriplt- t-t pubilc law meognised by nations, yet, in «letwvncv to “hat had been done by my [lt't‘tlt’ft'r sore, and especially in consideration that propositions of cumprmniw had been Itttlt‘t' made try two prvt‘edi‘ng ndministrntiunu to adjust the qucation LII thcpnrullel of turtV‘ nine degrees, and in two ut them yicltliitg to Grout Britniu the tier: navigation ot the Columbia, and that the [tt‘ntllltg nvgulim tion had been commenced on the basis ot compromise, I deemed it to be my duty not abruptly to break it otT. In contender- ntion. too. that under the convt‘ttllmm ul ‘IEIS and 18:17, the citiu'm nnrl whit-(ta ml the two powers held in joint ungupuncy of the countiy. l was imluccd to Inukv an other l‘llut‘l to settle IIH‘J long pond”): con trovmsy in the spirit ol moduiutmn which had given birth to Ihc renewed discmsmn. A proposition was accordingly made. which was rejected by the British nlenipn tcntiai'y, who, without submitting any oth er proposition, sulfa-ed the negotiation mt his part to drop, oxpressing his trust that the United States would alter who‘ he saw fit to call “ some lurther proposal tor the settlement of the Oregon quentiun, more consistent with fairness and equity. and with the reasonable expectations ol the British government.” The proposition thus offered and rejec ted, repeated tlte otl'er of the parallel ot forty-nine degrees of north latitude. which had been made by two preceding admin istrations. but wtthout proposing to sur render lo Great Britain, as they hittl done, the free navigation of tlte Columbia river. The right of any ioreign Power to the tree navigation of any ol our rivers, through the heart of our country. was one which I was unwilling to concede. It also o.nbrs ced a provision to make Irecto Great Bui lnin any port or ports/on tltc cap of Qua tlra and Vancouveris'tsland. south ot this parallel. Had this been a new question. coming under discussion for the first time, this proposition would not have been made. The extraordinary and wholly in admisssble demands of the Brittsh govern ment. and the rejection oi the proposition mode. in deference alone to what had been done by my predecessors. and theimplied obligation which their acts Seem to im pose, afiotd satisfactory evidence that no compromise which the United States ought to "accept, can be etfected. With this convtction. the proposition ol compromise which had been made and rejected, was by my direction,subsequently withdrawn. ‘ and our title to the whole Oregon territo- ; ry asserted, and. as is believed, maintain } cd by trrelragsble tucts and arguments. The civilized World will see in these proceedings a spirit of liberal concession on the part 0! the United States; and this. government will be relieved how all re sponsibility which may follow the failure to settle the controversy. All attempts at compromise having tail ed, it becomes the duty of Congress to consider what measures it may be proper to adopt for the security and protection of our Clli'Lellß now inhabiting. or who may herealter inhabit Oregon, and for the mom tenance of out just title to that territory. In adopting measures for this purpose. care should be taken that nothing be done to violate the stipulations of the www tion of 1827. which is still in lorce. 'l‘he faith at treaties, In their letter and spirit, has ever been, and, I trust, wdl ever be, scrupulously observed by the U. States. Under that convention, a year’s notice is required to be given by either party to the i other. 'before the joint occupancy shall terminate, and helore either can rightlul ly assert or exercise exclusive jurisdiction 1 over any portion of the territory. l‘his notice it would, in my judgment. be prop er to‘give;and I recolnmentl'lhut provision be‘ made by law for giving it accordingly, and terminating. in this manner. the con vention of the 6th of August. 1827. It will become proper for Congress to determine what legialation they can. in the mean time. adopt without violating this convention. Beyond uil question. the protection 0! outlaws and our jurisdiction civil and criminal, ought to be immedi ately extended over our citizens in Ore. gon. They have had just cause to corn plnin 0! our long neglect in this particular, and have, in consequence. been competl' ed,.lor their own securitf and protection, to establish oprovisiona government for themeelvee. Strong in their allegiance and ardent in their nttnchnwut to the U nited States. they have-been thus c‘ust up. ontheir' town ref-uul‘cca. They are anx ious that our laws should be extended over ‘ them. and l ree’mnmcml that this be done bj‘ Congress with us little delay fathom. ble, in the full extent to which 'th'\ British Parlianient have proceeded in regard to lionol honour antlgintcrest. is too. clear to Britiah autiiecta in that letrittiry- by ""3” Wm" "f doubt. _ . L tict otJuly'2d, 1821. “ l'ul‘ ,"t‘gfll‘f‘mz "‘9 .OWEOH HI 3 part ofthe North American fur-trade. and etitnblisningn criminal nnd continent to which it in confidently oflirm cii‘il jurindiction within certulu partl .0! ed, the title ol the United States is the North America.” By this actbreat ltrtt- beat now in existence. For the grounds nin extended her lowa and jurisdiction, on which that title rests. I refer you to the civnl and criminol. U‘v‘t'f h" WWW”: cn- correspondence of the late and present waged in the tor-trade in that l9””°')’-- Secretary at State with the British pleni- ‘ fly it the courts of the provtnco of Upper potentiary during the negotiatiom The Canada were empowered ‘0 ‘Dkt‘ \‘Og'li- British proposition of ronipromiae. which zancc 0! causes civil and criminal. Jus~ would make the Columbia the line south tices ol the peoée and other judicial ofli- ol [Orly-nine degrees. with o trifling nddi cers were authorized to be appointed in tion 0! detached territory to the Uniletl Oregon. with power to execute all process States. north or that iiier, and would issuing from the courts of that province. leave on the Britiph side two-thirds of the and to ” sit and hold courts of recnrtlJor whole Oregon tefritorv, including the free ”"3 ”'3' ”I "hm”. oflctwcs and "llSth- nuvigntion of the Columbia not] all the imt'aum‘s,” not made the subject ol capitol valuable harbors on the PHCifiC. Cl!" “C" Ipuniahnient. nod also ol civtl cases, where er. for .1 moment, be entertained by the tilt: cause ol action sholl not ” exceed in United States, without an abandonment vnlue the amount or sum oftoo hundred of‘their just nnd clt’ur tertitorial light" poundr." their own self reapcct. and the national Subsequent to the date oi this act of .honor. For the information oi Congress. i’mlintnrnt, :1 grant was mode from the‘vl communicate herewith the correspond {British crnun' to the. Hudmn's Boy once which took place between the [Wu Company, oi the exclmive trndc withthe governments during the late negotia- Imlizm lrilms in llu- ()rvgun Irrxilmy. sub jvcl In :1 run-nation Hm il hhnll nul upc xnlc to [ho exclu‘iun ‘ ul' lhv suhjcr's 0! a ny foreign Slates ulm, umlrr or by lurvc ufnnv cunvcnliun [m‘ the firm: bemwbc- ttveen us and surh lor'r-ign State-r reaper tivcly, may be entitled to. arrdahall be engaged in the said trade.” _ i it is much to be regretted, that, “hilt trntler- this act British subjects have en joyed the protection of British lan't and British judicial tribunals throughout the whole ot ()rrgon. American citil.err°. in the same territory, have enjoyed nn ouch protettrr-rr l'torn their government. .’\l the some time, the result illustra'es the character ol our pr-rrple and their institn lions. ln Epilt: ut this neg’et-t, they haw multiplied, and their nurnher is rapidly increasing in that territory. 'l'hry ll:]\t‘ made no appeal to arms, but lrave peace lu'l'ry fortified themselves in their new hotnee. by the adoption of republican in stitutions for themselver; furnishing atro tlrcr example of the truth that selfrgnvern '[n't‘htis inherent in the Arrrerican breast, and must prevail. It is due to them that they should be embraced and protected by our laws. It is deemed important that our laws regulating trade and intercourse with the Indian tribes east oi the Rocky mountains should be extendttl to such tribes as dwell beyond them. The lanL‘fiSittL" emigration to Oregon, and the cart: and protection which is due lrom the government to its citizenst in that distant region, matte it our duty, as it is our interest, to cultivate amirrtble rela tions with the Indian tribes of that terri tory. For this purpose, I recommend that provision be made for establishing an lndian agency. and such sub agencies as may be deemed neceusary, beyond the ltocky mourttains. For the p‘rotection of emigrants whilst on their nay to Oregon, against the at tacks of the. lndian tribes occupying thr country through which they pass.l recom mend that a suitable number of stockndes antl block house forts be erected along the usual route between our lronticr settle ments on the Missouri and the Rucity Mountains; and that an adequate force of mounted rillemert be raised to guard and protect them on their journey. The immediate adoption ul these recommenda tions by Congress will‘vnot violate the pro vrsions ol the existing treaty. lt will be doing nothing more lor American cili'l.ena than British lawn have long since done for British subjects in the. same territory; It requrreo several months to prrlorm the voyage by sea from the Atlantic States to Oregon; and although we have a large number of whale shipa in the Pacific, but few of them allord an opportumtyol Inter changing intelligence. without great delay, between our settlemerm in that distant re gion, and the United States. An overland mail is believed to be entirely practicable; and the importance of establishing such a mail, at least once a month, is submitted to the favourable consideration of Con gress. It is submitted to the wisdom of Con gress to determine whether, at their pres. ent session, and until alter the expiration of the year's notice. any other measures may be adopted, consistently “ith the cott vention of 1327. Inc the security of our rights, and the government and protection of our citizens In Oregon. That it will ultimately be wise and proper to make liberal grants ol land to the patriotic pio neers. who, amidst privationi anti dangers. lead the way through savage tribes‘inhab iting the vast wilderness intervening be tween our frontier settlements and Ore. gun, and who cultivate, and are ever rea dy to tlelend the soil, 1 am lully satisfied. 'l‘o doubt whether they will obtain such grants its aoon as the convention between the United States and Great Britain shall have ceased to exist, would be to doubt the justice of Congress; but. pending the year’s notice, it is Worthy of consideration whether a stipulation to this cllt'ct may be made, consistently with the spirit of that convention. The recommendations which I have made. as tothe boat manner of.,_aecuriog our rights in Oregon. are submitted to Congress with great deference. Should they, in their wisdom. devise any other mode better calculated to accomplish the some object, it shall meet with my hearty concurrence. At the end at the year’s notice. should Congress think it proper to make provis toa for giving that notice, we shall have reacliétl'a period when the national righta tn .Uregun ‘must either be abandoned or hrrnly maintained. That. they cannot be abandoned without a sacrifice of both tra (Inn. The rapid ‘cxtvnsiun nl nur senlementg mer nur lurrilmws lwrehnlnre unoccur'fiml; (he mlditinn «I! new Stairs to vur confed rrncy ; the expansion ul [rec principles, {Hill-HUI‘ rising urealnt‘ss as a Hutton, are attracting the attention of the Pour-rs of Europe; and lately ilie doctrine has been liroarlied in some of them of n " balance of power" on this continent. to check our advancement. The United States. sin cer'ely desirous of preserving relations of good understanding with all nations, can not in silence DPI’IIHILHH)’ European iiitrr fen-nee on the North American continent; and should any- such interference be at tempted, “ill be ready to resist it at any and all lla'Lntds It is well known to the American peo ple rriid to all nation's, that this govern ment has never irr'erlerrtl With the rela tions subustrng between other govern ments. We have never made ourselves parties to their wars or their alliances; “'0 have not sought their territories by con quest; wchatie not mingled with parties in their domestic struggles ; and believing our own form of gtn'erninent to be the best, we have never attempted to propa rate it by intrigues, by diplomacy, or by force. Vi'e may claim on this continent alike exemption from European interfer ence. The nations of America are equal ly sovereign and independent with those of Europe. 'l‘hey possess the some rights, independent of all foreign interposition, to make war, to conclude peace. and to reg ulate their intertial affairs. The people of the United States cannot, therefore. view uith indrflerencc attempts of Euro l pean powers to interfere with the indepen dent action of the nations on this contin ent. The American system of govern ment is entirely different from that of Eu rope. Jealousy among the different sove. reigns of Europe. lest any one of them might become too powerful for the rest. has caused them anxiously to desire the es tablishment of uhat they term the “ bal ance of power.” It caiitiul. be permitted lohavc any application on the NorthA lmcriean continent. and especially to the United States. “'0 must eve r maintain the principle that people of this continent alone have the power to decide their own destiny. Shouldsny portion of them constituting an independent State, propose to unite themselves with our confederacy, this “11l be a question for them and us to determine, without any foreign interposi tion. “'e can never consent that Euro pean powers shall interfere to pretrent such a union. because it might disturb the ' ba lance of power’ which they may desire to maintain «upon this continent. Near a quarter of a century ago, the principle was distinctly announced to the world in the annual message of one of my predecusors, that ” the American continents. by the freo and independent condition which they have assumed and maintain. are henceforth not to be considered as subjects for future eolonimtion by any European Power." This principle will apply with increased force. should atiy European ‘l’ower attempt to establish any new colo ny in North America. In the existing circumstances of the world, the present i‘ deemed a proper occasion to reiterate and reaffirm the principle avowed by, Mr. Monroe, arid to state my cordial concur renee in its wisdom and sound policy.— ‘l'lie reassertion of this principle, especial ly in reference to North America, is at this day but the promulgation ofa policy which on European power should cherish the disposition to resist. Existing rights of every European nation should be re spected; but it is due alike to our safety and our interests. that the efficient protec tion of our laws should be extended over our whole territorial limits, and that it should be di-tiiictly announced to the world. as our settler] policy. that no future European colony or dominion shall, with our consent. be planted or established. on any part of the North American contin cm. A question has recently arisen under the tenth article of the subsisting treaty between the United States and Prussia. By this article, the console of the two countries have the right to hit asjudgea and arbitrators " in such diflerences as may arise between the captains and crews of the vessels belonging to .the nation whose interests are committed to their charge. Will")!!! the interference of the lo cal authorities, unless the conduct of the crews or, of the captain should disturb the order or tranquility of the country; or the said consuls should require their assist once to cause their decisions to be carried iiitu etleet or supported.” ~ The Prussian consul at New Bedford, in June. 1844, awlied toan-Jnltjc‘o 5“... ry to carry into e eelwa decision made bj hiinbctWeen thecapttiin and amp: the ‘ Prussian Iltip Borusnia; but' the request was refused on the ground that. withnut previous legislation by Congress.,the Ju diciary did not possess the power to give etlect to this article of the treaty; ‘l‘he Prussian government through their minis ter here, have complained of this violation ofthe treaty. and have asked the govern §ment ut the United States to adopt the no: cesaary measures to prevent similar viola liunét‘herealter. Goad faith to" Prussia. as well as tn ’other nations With whom we have mmilnr treaty ntipulatinns. tequirce that these almuld be faithfully ObICl‘VEd. l have deemed ll proper. therelure. to la) the subject h'cfore Cnngress, and to rec~ ommcnil such legislation as may be neces unry to give etlect to these treaty obliga tions. _ By virtue of an nrrangetnem made be t“ een the Spanish government and that of the United States. in December, 1831, A merican ve‘ssels. since the 29th at Apttl. 1832, have been admitted to entry in the ports of Spuin. including those of the Bal eruc and Canary Llands, on payment nl the same tonnage duty of five cents per ton, as though they had been Spanish ves sels; and this, whether our vessels arrive in Spain directly [mm the United States, or indirectly from any other country.— \Vhen Cnngress, b) the act of the 13th of July. IBBQ, gave ellert to this arrangement between the two governments they confi ned the reduction of tonnage duty merely to Spanish vessals “ coming lmm a pn'rt in Spain,” leaving the former dincriminu ting duty to rennin against such vessels coming f-nm Ii imrl in any other country. It is‘ manilcslly unjust that. whilst Amer irnu vessrlg. arriving in the ports nfSpnin hum nlhvr cuunhicu. pav nu mnre duly Hmn Spanish vessel: arriving: in ‘he ports u! the Unilcd Slates from other countries should'bc subject”! to heavy discrimina- ttng ttmnnge duties. This is neither 0- qunltty nnr reciprocity. and is in violation u! the arrangement concluded in Decem ber, 1881.1)etwcen the two cuuntties.— l‘he Spanish government have made re peated and earnest remonstrances agains thisinequality, and the favourable atten tion of Congress has been several times invoked to the subject by my predeces sors. I recommend as an act of justice to Spain, that this inequality be removed by Congress. and that the discriminating duties which have been levied under the act of the thirteenth of July, 1832, on Spanish vessels coming to the United States fromany other foreign country be refunded. This recommendation does not "embrace Spanish vessels arriving in the United States from Cuba and Porto Rico, which will still remain subject to the pro vrsions of the act of June thirtieth, 1834, concerning tonhageduty on such vessels. fly the act of the 14th of July. 1832. cofl'ee was exe.npled from duty altogether. —-'l'his exemption was universal, without. reference to the country where it was pro duced, or the national character of the vessel in which it was imported. By the tarifl'act of the 30m of August. 1842, this exemption from duty was restricted to coffee imported in American vessels from the place of its production ; whilst coflee imported under all other circumstances was subjected to a duty at ‘2O per cent. at! valorun. Under this act, and our ex~ isting treaty uilh the King of the Nether lands Java coffee imported from the Euro pean ports of that Kingdom into the Uni ted States. whether in Dutch or Ameri can vessels, now pays this rate of duty. The government of the Netherlands complalns that such a discriminating duty should have been imposed on coflee. the production of one of its colonies. and which is chiefly brought from Java to the ports of that kingdom, and exported tiom thence to foreign countries, Our trade with the Netherlands is highly beneficial to both countries, and our relations with them have ever been of the most friendly character. Under all the circumstances ol the case. I recommended that this dis crimination should be abolished. and that the coffee of Java imported from the Neill:K erlands, be placed upon the same fooltinv with that Imported direct from BMW other countries where it is produce ._,o'f’f Under the eighth section of the tarlflfflcl‘i of the 30th Aug. 1849.;1 duty 0! fif'lééj‘f cents per gallon was imposed on Portwfttcfi _in tasks; while on the red \vinas-oflsetief ral other countries; when itnported’il‘i tasks. a duty of only six cents per galllil was imposed. Thisdiscrimination. So far as regarded the Port ‘\\'ine of Portugal" was deemed a violation of our treaty with that Pott'er. which provides that‘ no high er or other duties shall be imposed on the importation into the United States of A~ inericn of any article the growth, produce or manufacture of the kingdom and pos sessions of Portugal than such as men: shall be payable on the like article being the growth produce or marmfautureof any other foreign country.’ Accordingly. l 0 give efl'eCt m the treaty. as. well its to the intentional Congress. “pressed to a “f" vtso to the tarifl act itself. that nothttt‘.’ therein contained should be soconstrued as to interfere with subsisting treaties With foreign nations. a treasury circular 'WuS issued on the 16th of July. 1844, which, among'olher things. declared the duty on l the Port wine of Portugal. in casks, under the existing laws and treaty. to be six cents per gallon. and directed that the ex cesa of duties which had been collected on such wine should be refunded. By virtue of another clause in the same section of the act. it isiproviiled that all imitations of Port. or any other Wines. “shall be subjy’ct to the duty provided tor the genu ine-article} Imitation» of Port wine. the productions of France. are imported to uomcie’xlomimo Ihr United Sum; and the Government of Iho! countrynnmv cm,“ that . omlcr if currrc! construction of m, at. mpg imilalimm ought um 1n paykgtliighér‘ulutv than that impugn] “n the original Purt wine tlf.Portug;\l.. It. appenrs tome toib‘e unerbual 9m] ntijunt. that French imitations 0'! art wind-humid be subjoélml ton 110‘] of fifteen'cehls', while the more valuablegarucle from For. tugul should [my 'a duty of six cents only per gallon. l therelore recommend to Congress such legislation as may be ueé cesnnry to correct the inequality. , , _ The late President. in his nnnunl mes: sage of December last necommendul an appropriation to satisfy the whims ol the Texan government against the U. Staten. which had been previously 'atljustetl, so turtns the pquys ot the Executive extend. 'l‘lme claims nrme out of the act oltlis- arming a body ol’ Texan Hoops under. "ye command of Major Snively. by 'nn officer in the service (I! the United Slates. qcling under lhe orders of our government; and (he [orcuhle enlry into the cuuom-houie at Bryarly’u landing. on Red liver, by certain citizens of the Unm-(I Slnteu. and taking away Ihercfmm the goods seized by the collector ol the cusloma as Intfeit. ml under Ihe laws of Texas. This was 11 liquidated debt, aucerlniued In be due to Texas when an independent state. Her acceptance of the (elm-inf annualiun pro posed by lhe United States does not dis charge or invalidate the claim. Irecnm mend that provision be made {ori's pay ment. The commissioner appointed lo Chum. during the special session oi the Senate in March last shortly afterwards out out on his miaqion in the U. S. ship Columbus. On nrrivmg at Rio de Janerio on the pan sage, the state 0! his health had become an critical, that by the advice ot his medi cal attendants, he returner! to the United States carlv in the month of October last Commodore Biddle, commanding lhe East C! India Fquadron, piocveeded on his voyage in the Columbus, and was charged by lhe commissioner With the cluiy ofuchanging with the proper authorities the ratifications of the treaty lately concluded with the Emperor of China. 'Since the return of the commissioner to the United States, his health has been much improved. and he entertains the confident belief that he will soon be able to proceed on his mission. Unfortunately dtll'erences continue to exist among sotnrfif‘tfie nations of South America, which following our example. have established their independence, while in others internal dissensions prevail. It is natural that our sympathies should be watmly enlisted for their wellare; that we should deatra that all controversies be ttreeWem should be amicably adjusted. and tr governments administered in a manner to protect the rights, and promote the prosperity at their people. It is con trary, however, to our settled policy. to interfere in their controversies, whether internal or external. I have thus adverted to all the subjects connected with our loreign relations. to which I deem it necessary to call your attention. Our policy is not only peace with all, but good will towards all the l’owrrs of the earth. While we are just to all.'we requirethat all shall be just to us. l‘lxcrpting the dtflerences with Mes:- ico and Great Britain, our relations with all civilized nations are at the most satis factory character. It is hoped that in this enlightened age, these ttlflerences may, he amicably adjusted. The Secretary of the Treasury in his annual report to Congress, will communi cate a lull statement of the condition of our finances. The imports for the fiscal year ending on the 30th ol June last. Were ‘ol the value ol 5117,254.564. at which the amount exported was 815.346.830 leaving a balance of 8101.907,734 for do mestic consumption. The exports for the same year were ofthe value of 8114.646.- 606; of which the amount of domestic articles was $99,299.776. The receipts into the treasury during the same year time $29.769J33 56 ; of which there were, derived lrotn customs. 827.528.”? 70: from sales of public lands. $2,077.- 02‘3530 ; and lrom Incidental and miscel lané‘nus sources, $103,998 56. The ex pentfiturea lor the same period were $29.- ‘ooamo'oe; of which. 38.598.157 69. ”were applied to the payment of the public ‘ilebt. The balance in the treasury on thy: ;lirstol July last, was 37.658306 2?. .‘i‘ "l‘he amount of the public debt remain in! unpaid on’the first ol October last was {817,075,445 52. Further payments of the public debt would have been made'. in anticipation ol the period olits reimburse ment under the authority conferredopon the Secretary of the Treasury by the'ac‘ta otJnly twenty-first, 18M. and oi April 15th, 1842, and March 3t|,‘1848,v had not the unsettled slate of our relatio’n‘s with Mexico rnennced hostile collisions with that power. In view at such scontingen cy~, it was deemed prudent to retain tn the treasury an amount unusually large for ordinary purposes. ‘ I A few years ago our whole national ‘debt growing out ol the Revolution and the war of 1812 with Great Britain was extinguished. and we presented to the world the rare and noble spectacle of a great and growing people who had fully discharged every obligation. Since ll‘at time, the existing debt has becnfunlt'ncl ed; and small as it is, in comparison with the similar burdens of most other nallflnl'u , it should be extinguished at the earliest» practicable period Should the state 0l ”'0 country permit. and especially, il our [or eign relations interpose no obstacle. ll _l‘l contemplated to apply all “l?! moneys '" ll“: treasury as they 'accruo beyond what is required for the appropriattons by Con gress to itsliquidatioo, I cherish the hope