M E S S A G E ru i:m t t v T ihv Smiife anil rinse of llcjirvHtatu'r of ikr Unii'd Slulis: Wf have continued cause fur expressing our "r.ilitudu to the Supreme Killer of tin' Universe for the benefit nnd blessings which our country, under hid kind Providence, ha enjoyed during the past year. Notwithstanding tlio oxi-iiiuy scenes through which v.e have passed, nothing; has occurred to disturb the general pence, or to derange the harmony d"our political system. The great inornl spectacle has been exhibited nf nation, Approximating in ntitnhrr toytMMKi, IMM) of people, having pcrfonncil the high and important function of electinjj their Chief Ma gistrate fur the term of four years, without the commission of any nets of violence, or the mani festation ofn spirit of insubordination tothc laws The groat nnd inestimable right of um (1 mire has been exercised by all who were inve-'ied wiih it, iimler the laws of the diHeront Suites, in a spirit dictated alone by a desire, in the so lection of the ngent, to advance the interests of the mil nt ry, and to place beyond jeopardy the institutions under which it is our happiness to live. That the deepest interest has been mani fested by all our countrymen in the result of the elertion is not less true, than highly credilnhlp to them. Vast multitudes have assembled, from tiiiii; to time nt various places, for the purpose ofiennvassing the merits and pretensions of those who were presented for their sulfniges, but no n rined soldiery has been necessary to restrain, within proper limits, the popular zeal, or to prevent violent outbreaks. A principle much more contro'ling was found in the love of order and obedience to the laws, which, wiih mere individual exceptions, cv,?ry where possesses the American mind, and con trols wiih an influence far more powerful than bo-Is of armed men. We cannot dwell upon this picture without recognizing in it that deep und devoted attachment on the pari of the peo ple, to tlve institutions under which we live, which proclaims their perpetuity. The great objection which has always prevailed against the election, by the people, of their Chief Kx renlive otlicer, has been the apprehension of tu mults and disorders, w Inch might involve in ruin tip-? entire (loiernment. A seen it y against this i-found not only in the fact before alluded to, h'll m the additional fact that we live under a confederacy embracing already twenty-six States ; no one of which has power to control the election. The popular vote in ench State is t.ikeii at the time appointed by the laws, nnd Mich vote is announced by the -Flectoral Col lege, without reference to the decision of the nlht r Stales. The right ol suffrage, and the mode of con ducting the election, is regulated by the laws of each Slate; and the election is distinctly fedt-ra-tue in nil its prominent features. Thus it is that unlike what might be the results under n conso lidated system, riotous proceedings, sliouhl they prevail, couid only offect the elections in single Slates, without disturbing, toony dnngerou ex tent, the tranquility of others. The great ex periment ofn political confederacy each mem ber of which is supreme as to all matters up pertaining to its local interests, and its internal pence nnd hippiiicss while by a voluntary compact with others, it coufidi s to the united power of all, the protection oi'its citizens, in matters not domestic has been so far c-rovviiod w ith complete success. The world has witnessed its rapid growth in wealth U4id population; and under the guide and direction of a superintending Providence, the de velopments of the pist may bo regarded but as 'the shadowing forth of the mighty future. In the brigiit prospects of that futurp, we shall I'm. I. as patriots and philanthropists, the highest inducements to cultivate and rlierish a love of union, snd to frown down every measure or ef . .. I ' .1 I 1 1: .. . .1 . ... . , "'" - "i.i.f, : or i tie people ol I lie .Males, in sentiment unit feeling, from each other. A rigid and close ml lieience to the terms ot our political compact, and, above till, a sacred observance of the pua ranteesof the constitution, will preserve union on a foundation which cannot be shaken ; while personal liberty is placed beyond hazard or jeo pa rdy. The guarantee of religious freedom, of the freedom ol'ihe picss, of the liberty of speech. of the trial by jury, of the habeas corpus, and of the domestic institutions of each of the States leav ing lie.' private citizen in the full exercise of the high and euobling attributes of his nature, nnd l each Slate the privilege w h cli can only be judiciously exerted by itself, of consulting the means best calculated to advance its own hap. pines ; these ore the prent and important pua rantees of Ihe Constitution, which the lovers of liberty must cherish and the advocates of union must ever cultivutc. Preserving these, and a voiding all interHilations by forced construction, miller the gii'se of an imagined expediency upon lie; Constitution, (he inlluence of our political system is dcliucd to ih as actively and as ben eficially fell on tint distant shores of the Pacific as it is now on those of the Atlantic Ocean. The only fonuid.tlhe impediment in the way of its successful expansion (time and space) are fi tar in the progress of modification, by the im provements ol the age, as to render no longer speculative the ability of Representative from that remote region to come up to the Capital, so ih it their coiistilueutsbhall participate in all the benefits of federal legislation. Thus it is, that in the progress of lime, the inestimable princi ples of civil liberty will be enjoyed by millions yet unborn, and the great benefits of our system , of ( Iovernment be extended to nowdistant and uninhabited region. In view of the vast wil ilerniss v et lo be reclaimed, we may well in vile the lover of freedom, of every land, to take up bis a bin 1 1) among us, and assist us in the preat work of advancing the standard of civilization, and giving u wider spread to the arts und re finements of cultivated life. Our prayers should evermore be ollored up to the fFutber of the U- iiivl'su lur bis wisdom to direct us in the path of our duty, so as to e.iublc us to consumate these iHiih purposes. One of the strongest objections which lias been urged ngain-l conb deracies, by w riters on I v eminent, is, tin: liability of Ihe members to be tampered with liv foreign (iiiveriinieuts, or the pie of loreign States, either in their lo- c i! nlfiirs, or in such as alfected the peace of others, or endangered the safety of the whole 'ml'cderney. We cannot hope lo lit" entirely reinpl from such uttoinpi on our peace and mb ty. The United States ore becoming ti important in population and resources not to at irtct Ihe observation of other lint ions. It there fore may, in the progress of lime, occur ilint opinions entirely abstract in the States in which they may prevail, and in no degree atl'ec ting their domestic institutions, nny he artfully, it secretly encouraged, with a view to under- mine the Union. Such opinions may become Hie fouudritioo of political purties, until ot last tlio court ic t of opinion, uroducing an alienation of friendly feeling among the people of the dif ferent Slates, may involve in oiip general di s t Miction the happy institutions under which we live. It should ever be Isirno in mind, that what is true in regard to individuals, is equally so in re gard to Slate. An interference of one in the allairs of another is the fruitful source of family dissensions (ind neighlxirhooil disputes ; nnd the same cause n fleets the peacp, Imppiness nnd prosperity nl States. It may be ino-t devoutly hoped that the pood sense of the Aniericnn pen pin w ill ever he ready to repel all such attempts, should they ever be made. The President here refers to our foreign rela tions, which remain without change. The negotiations respecting Oregon nrt still pending. Tin1 establishment of military posts along the line of travel, to protect the emigrants to that country, is again recommended. The set! lenient ami adjustment of claims for seizures of A merienn vessels by British ships are not yet completed. Our (I'overninent continues to receive assuran ces of the most friendly feelings on t!m part of the various Kuiopean powers. The failure of the Senate to nrt upon the Zoll Vcrein Treaty has hail the elfect of virtually re jecting. The l'xecntive have given instructions to our .Minister nt I'.erlin to re-open the negotia tions so fur as to obtain an extension of time for the exchange of ratifications; but the Minister has, so far, been unsuccessful in Ins efforts. Belgium has by an "aitcte rnyale," issued in July last, assimilated the dan of the "1'nited States toher own, as far as the direct trade between the two countries is concerned. This ineasme will prove of great service to our shipping inte rest, the trade having heretofore been carried on (hit-fly in foreign bottoms. No definitive intelligence has Vet been received from our Minister, of the conclusion of a treaty with the Chinese Umpire ; but enough is known to induce the strongest hope that the mission will be crow ned with success. Our relations with Pia.il are of the most friendly character. Claims for indemnity against New Cienada anil Chili are still unsettled. The Convention with the Republic of Peru, providing for the adjustment of the claims of ci tizens of the Cnited States against that Republic, is again submitted to the attention of Congress In my Inst Annual Message, I felt it to be my duty to make known to Congress, in terms both plain nnd emphatic, my opinion in regard to the war which has so long i xisted between Mexico nnd Tt x-is ; w hich, since the buttle of San Ja cinto, has consisted nltogether of predatory in cursions, attended by circumstiiices revolting to Imi nut ii it y . I repent now, what I then said, that, alter eight yeirs of feeble und ineffectual efforts to recover Texas, it was time that the war should have censed. The IT. States had n direct interest in the question, i he contiguity ol the two nations to our territory was but too well calculated to involve our peace. Unjust suspi cions were engendered in the mind of one or the other of the belligetnnts against us; and lis a necessary consequence, American interests were Jnade to stiller, and our peace became dai ly endangered. In addition to which, it must have been obvi ous to all, that the exhaustion produced by the war, subjected both Mexico nnd Texas to the interference of other powers; which, w ithout the inti-rnosif if.n of this (!iivrrni il. iniirht n. ventilate in the most serious injury to Hie United 1 Slates. This (iovernment, from time to lime, exerted its friendly offices to bring about a ter- miuitioii ol hostilities, upon terms honorable a lke , ,., ,(, ,(.!ijrf.raiits, Its efforts in this behalf proved unavailing. Mexico seemed, al most without on object, to persevere in the war, nnd nootliei alternative was left the I'.xecuiive but to take advantage of the well known dispo sition of Texas, nnd to invite her to enter into a treaty for annexing her territor) to that of the United Slates. Since your last session. Mexico has threaten ed to renew the war, and hns either made, or proposes to make, formidable preparations lor invading Texas. She has issued il.crecs and proclamations, preparatory to Ihe commence ment of hostilities, full of threats, revolting lo humanity, nnd which, if carried into effect, would arouse the attention of all Christendom. This new deinostration of feeling, there is ton much reason to believe, has been produced in consequence ot the negotiation of the lute treaty of annexation with Texas. The Uxecntive, therefore, could not be indifferent lo such pro ceedings ; and it felt it to be due, as well to it self as to the honor ot the country, thut a strong representation bhould be made to the Mexican (joferiuuetit upon this subject. This wax ac cordingly done; as will be seen by the copy of the accompany ing despatch from the Secretary ot Slate lo the United Slates Knvoy at Mexico. Mexico has no right lo jeopard Ihe peace (' ihe world by urging any longer an useless and fruit, less contest. Such a condition ot things would not lie tolerated on the I'uropeun continent. Why should it be on II, is A wur of desolation, such as is now threat ened by Mexico, cannot be waged without in volving our peace and tranquility. It is idle to believe that such a war could be looked upon with indifference by our own citizens, inhabit ing adjoining States ; and our neutrality would In; violated, in despite of all cllort on the part of the (iovernment to prevent it. I he country is settled by emigrants from the United Slntes, under invitations held out lo them by Spain and Mexico. Those emigrants have left behind them friends and relatives who would not tin I to sympathize wiih them in their ditfcull ies, and who would be led by tho-e sympathies to participate in their struggles, however ener getic the action ofthe (iovern.lient to prevent it. Nor would the uomeroiis and formidable bands of Indians, the most warlike lo be found m any land, vv Inch occupy the extensive regions ! contiguous to Ihe State of Arkansas and Mis j soiiri, and who are in possession of large tracts of country w ilhin the limits of Texts, be likely In remain passive. Tin; inclination of those ! numerous tribes lead them invariably to wur ; whenever pretext exiht. i Mexico hud no just ground of displeasure a gainst this (iovcrniiu nt or people for negotia ting Ihe treaty. What interest others was at I I'ecled by the trPBty 1 She was despoiled ofno : Ihing, since Texas w as forever lost to her. The j independence of Texas was recognized by eve ; ral of the leading power of the earth. She was ' freo to treat free lo adopt her ow ri line of poli cy free to tuke ihe course w hich she believed was best calculated to secure her happiness. Her (iov'Prmiient and people decided on annex ation to the U. State; and the Kxt cutive saw, in the acquisition of such a territory, the mean. of advancing Iheir prrmnnent happiness and pin ry. What principle of pood faith then was vio lated ! Whnt rule of political morals trampled under foot ! Sofar as Mexico herself was con cerned, th measure should have been regarded by her as highly beneficial. Her inability to reconq ier Texas had Iter n exhibited, I repent, by eight now nine years of fruitless ond ru inous mutest. In the mean time, Texas has been growing in population mid resources, '.migration has flow ed into her territory, from nil parts of the world, in a current which continues to incrense in strength. Mexico requires a permanent brum- liury between that young republic and herself. Texas at no distant day, if she continues sepa rate nnd detached from the United State, will inevitably seek to consolidate l.er strength by adding to her domain the contigioos provinces of Mexico. The spirit if revolt from the run trol of" the Cenlral (Jnverninent lias, heretofore, manifested itself in some of those provinces; and it is tiiir to infer that Ihey would be inclined to take the first fa Vornble opportunity to proclaim iheir independence, and to form close alliaiirr villi Texas. The war would thus lie rnde- ; or, if cessatinnsof hostilities should occur, they would only i nilure for a season. I lie interests ot .Vloxico, then-tore, coulil in nothing be better consulted 'ban in a pence with t ner neighbors, vv men woniii resun in rue esia- ; blishment of a permanent boundary. Upon the ratification of the treaty, the l'xecutivn was pre. ; pared to Irent with her on the most liberal basis. 1 I lence the Im. lindanes of Texas were lett unde fined by the Iretity. The executive prnpo-ed to settle these upon terms that all the world should : have pronounct d just and reasonable. No nego tiation upon that point could have been under- i taken belw ei n the United Slates rflid Mi xico, in ! advance of Ihe ratification of the trerity. We should have had no right no power no author ity, to have conducted such a negocialion ; nnd to have undertaken it, would have been an ns suinp'ion equally revolting to the pride of Mex ico and Texas, and subjecting lis lo the rlinrpe , of arrogance : while to have proposed in nil vnnce of iinuexntion, to satisfy Mexico f r any cent logout in'i rest she might h ive in Texas, would have been to treat Texas, not as an independent ower, bill as a mere dependen cy ol M x co. This assumption could not hive hern acted on ly the I'xeciilive, without setting nt drfiirnee your own solemn declaration that thnt Republic w ns mi independent Slate. Mexico had, it is tine, threatened war against the United Slates, in the event t lit? Tienly of Annexation w as rati fied. The Kxrcutive could not permit itself to bo influenced by this threat. It represented in Ibis the spirit of our people, w ho are ready to sacrifice much tor peace, but nothing to intimi dation. A war under any circumstances, is greatly tube deplored, and the United Stales is the last nation to desire it ; but if, as the condi tion of peace, it be required of us to forego Ihe uuqiifst tunable right of treating wiih an inde pendent Pow er, of our own Continent, upon mat ters highly interesting to both, and that upon n naked and uusustained pretension of claim by a third Pow er to control the free will of (he Pow er With whom we treat devoted as we may be to peace, nnd anxious to cultivate friendly rela tions with the whole world, the Kx cotive does not hesitate lo say that the People of Ihe United Stites woiibi be ready to brave all consequen ces, sooner than submit to such condit ion. Hut no apprehensions of war was entertained by the Executive ; nnd 1 must express frankly I lie i p nion licit, had ihe Treaty been r:. titled by the Senate, it vvnubl have been followed bj a prompt retili ment to the cut re rat sfai tion ot MiXiin, ot ever) matter in dillerciicc between the two countries. Seeing, then, that new prepa rations tiir hostile invasion of Texas were about ' b,; 'l"l,-'d by Mexico, mid that these were brought about lit cause Texas had adopted the suggestions ol the Km cutive nimn lie- sul ji ct i f Alinexal i in, il could not passively have folded its i arms nud permuted a war, threatened to be ac companied by every net marking a bar! ari us , to be w ugi d against lu r becuuse she had done so. (liber ronsiilernl ions ol a coniroll ing chnrc i ler inllueiiced the cause of the K.veciilive. The treaty which bad thus been liegociated, bail fai- led lo receive the ratification ol the Senate. ( bio ; of the chief objections w hicfi wire urged against I it, was found to consist in tho fuel that the qiies I I ion of uutu xutioii had not been submitted to the ordeal ot public opinion in the United Stales. ! """fver unit liable such nu objection wa i rs- teemed to be, m view of ihe niiouestionable power ofthe I'.xecutive to negociale the treaty, nnd ll.e great and lasting interests involved in the qui sti n, 1 fell it lo be my duty to submit the whole subject to Congress ns the hist t X I'ounders ofpi polar sentiment. No definite nc t o hi I. living bun taken (in the subject by Con gress, the question referred itself directly toll.e decision of the States nnd the people. The greut popular electn n w bich has just terminated uflordcil Ihe best opportunity of ascertaining the will of the Slates nud people upon it. Pending that issue, il became ihe imperative duly ot Ihe U.veculive lo inform Mexico ll ul the question ot annexnt ion was still before the American people, nnd that, until their decision w as pronounced, any serious invasion of Texas would lie regarded ns an attempt lo forestall t their judgment, and could ni t be looki d upon with iuditlercnce. I inn most happy to inform ' you thnt no such inva-inu lias taken place, and ' I trust that vvbati v r oiir action mny he upon ' il, Mexico will see the luiporiam e of deciding the mutter by a resort to peaceful expedients, in preference to those ol arms. The decision of j the People and the Stales, on this great nnd in- I lererting subject, has bt en decis'vely inaiutes j ted. The quest it n ol annexation has been pre. seiited nakedly to their consideration. Put the treaty, itself, all collateral and incidental issues, which were calculated to div de a lid distract the public councils were carefully avoided These were let) lo the w isdom of Ihe future to determine. It presented, I repeat, ihe isolated iiiicstinn of annexation ; and in that form il has In en submitted to the ordeal ol public sentiment. A controlling majority of the People, and a large majority ofthe Stales, have decided in fa vor of iinnieiliiite nnnexalioii. Instructions havethiH come up to both bran cht s of Coiigrt'rs, from Iheir respective constit uents, in terms the most emphatic. It is the will ot both the people and ihe Slates, that Tex as shall be annexed to ihe Union promptly and immediately. It may lie hoped that, in carry mg into execution the pnb'ic will, thus declared, all collateral issues may be avoided. Future legislatures cm la st decide as to the number of Stales which should be formed out of the ter ritory, vv lien the lime Ims arrived for deciding thut question. So wild til others, lly the trea ty, the United States assumed Ihe payment of the debt of Texas, loan amount not exceeding tj.llMHHMM.10, to be paid, with the exception ot a sum fulling short of kKKMHNI, exclusively out of the proceeds nt the sales of tier public lands. We could not, with honor, take the lands, with out assuming the full payment of all incum brances upon tlicin. Nothing has occurred since your last session, to induce a doubt thnt the disxsiliou of Texas renin ins unaltered. No intimation of an altered determination, on the part ot her Government and People, has been fin nished to the F.xccu- i vp. She still nesires lo throw herself under the protection of our laws, and to partake of the tuessings ol tlio lederntive system ; w lnlo every American interest would seem lo require it. Thp extension of our coastwise and foreign trade, to an amount nlinnst incalculable the enlargement ot Ihe market for our manufactures a constantly growing mnrket for agricultural productions safety to our frontiers-, nnd addi tional st rent. th nnd stability to the Union j these nre the results w hich would rapidly devel- ope themselves, upon the consummation of the . measure of annexation. In Mich event, I w ill net doubt but that Mexico wi old find In r true interest to consist in meeting the mlviitices of j this (iovernment in a spirit of amity. I Nor do I apprehend any seiimis compUint ; from tiny oilier quarter; no sufficient ground exists for such complaint. We should interfere ! in no respect w iih the rights of nny other nation. I There cannot tie gathered from the act, uny de ' sign on our part to do so with their possessions j i n Ibis Com mi nt. We have interposed no im pediments in the wv ol such acquisitions of territory, large rind extensive as many of them "re, n me i nog powers ol r.urope nave inane from time to time, in every part of the world, e seek no conquest made by war. No intrigue will have been resorted to, or acts of diplomacy essayed, to Accomplish the amit xntino of Texas. Free and independent herselti she asks tube re ceived into our Union. i is a question for our ow n decision, w hether she shall be received or not. 'I he two (iovernmr tits having already agreed, through their respective organs, on the terms ol annexation, I would recommend their adoption by Congress in the toriu of n joint resolution, or act, to be perfected and nimle binding on the two countries, when adopted in like niuiiner by the (iovernmeiit of Texas. In order that the subject may be fully pre sented in all its-bearings, ll.e correspondence wh rli has laken place, in reference to it, since the niljoiirnmeiit of ( impress, between the IJ Stales, Texas and Mexico, is herewith trans- i milled. The amendment proposed by the Senate to the Cor.v ( nt ion concluded betwenlhe United Stale and Mex co on the '-'(Mi of November. have la i n transmuted through our Minis ter tor the concurrence of fie Mex cnn (iovern meiit; but, nlthoiigh uracil Iherelo, no nct on has et been bad on the subject ; nor hns nny answer been given which would authorize a favorable conclusion in the fuliiie. The I lecree of September, lw i:t, in relation to Ihe retail triide, the order for the expulsion of foreigners, nnd that ol n morn rrcent dale in re garil to passports all of which are cot sidered as in violation oi me I reniy or Aiuiiy nnil ( om ruerce between the two montm s have led lo a correspondence of considerable length lie. tw een Ihe Minister tor Foreign Relation nni! our Representative nt Mexico, hut without nny satisfactory result. They rema n still in. adjust ed ; and upoy nnd serious inconveniences have already resulted to our citizens in consequence of them. (iuestion growing out of the net of disarm ing n hodv of Texan trm ps under ihe conuiinnil of Mitj. Snively, by nn i flict r in ti e serv ice of ihe U. Stall s, ucling mnler the orders ot our ( iovcrninent ; nnd the forcible entrv into ll.e Custom Utilise nt Rrynrlj's Lnmling, on Red j River, by certain citizens of the U. Stales, and 1 taking aw ay then from Ihe goods seized by the : Collector of the Customs, as fotfeited under Ihe : laws of Texas, have been adjusted, o tar ns the j power of the F.xecu'ive extend. The rorres- ( pooiience eeiwecn u p ivvo internments in re ! It rence lo both subjects, will be found amongst the nrcniiipnnying documents. It contains a lull stati ment of all the tact nnil circun.stiinc es, with Ihe v lew s taken on both sub s, nud the pr licipb s on w Inch Hit; questions have been ailjiisttd. Il n mo ns for Congress lo make lite j ( iir cessary appropriation to carry the arrange ment inljtlfcct, which I respectfully recoin- ' ; mend. j The greatly improved condition of ihe Trea- i ' suty affords a sul ju t for i t neral congr ilulation. I f he paralysis winch had tiillrn on trade and! j commerce, and whtch subjected IheCovern-' ment to the necessity of retorting to b.nns, nrd ' j the issue ot Tn usury notes, to a large nmoui.l, I j hns passed nwny ; and atti r the pat ment of up- j I wards of f 7,f ( t'.l l ll, on ncconnt ol the interest, : I nnd in redemption of iron- than .".('( H 1,1 1( 1 1 of the public dt hi. w bich bills due on the 1st of! Jami'irv next, nud ti tling npnrt upwards of ; ; ,( HKM '!( tor the pMiri rt ot oi.tstniiiluipTrra. sury n:ites. and inciting nu ii stain cut of the i j drill of the corHirnte cities of the Uistrict of ' Colmnhin, an es. minted siirp'us of upwards of , ",( HM Mmi, over nnd r.ltive the existing appro- ! printions, will remain in the Tieastiry at Ihe j close of the fi-cal year. Should the Treasury notes continue outstant! : ing, as heretofore, that surplus w ill be consider ! ably n i . o 1 1 1 1 1 1 1 1 1 1 . Although nil interest has ' ceasetl upon Iht m, nnd the (iovernment has in. 1 j vited their return to the Trentnry, yet they're. ' main outstanding ; affording great 'facilities to commerce, nnd eslnhlishirir the fact that, under a well regulated sjstt m of finance, the (lovern l ment has resources w il tun itself, which render i it independent in lime (if need, pot only of : private loans, but olso of bank facilities. The only remaining subject of regret i. that j the remaining stocks of the (Iov nune'it do not fall due at nn inrl.er day; sinre Iheir redemp 1 lion would be entirely within its control. Asil ' is, it may be well worthy Ihe consilient 'on of Congress, whether Ihe law establishing the !: sinking fund under the operation of winch the debts of ihe Revolt, lion nnd the Inst warwith Croat Unlaid were, to a great extent, rxtin- ' guished should not, with proper modifications, : (so as to prevent nn accumulation of Fur pluses, and limited in amount lo a specific : sum.) be re-enacted, ! Such provisions, which would authorize the i Cevernmcnt lo po inl'j ihe market for a pur I chase of lis own sti ck, on fair terms, would serve to maintain its credit nt the highest point, and I prevent, ton great extent, thte fluctuations in the price of its securities, which might, under other circumstances-, atioct its credit. No ap i prehension of tins sort is, alibis moment, entcr j tained ; since the stocks of the (Iovernment w Inch but two years ago were offered for sale to capitalists, nt home and abroad, at a deprecia ! lion and could find no purchasers, are now great ly above par in the hand of the holders ; but a wise and prudent forecast admonishes us to place beyond the reach of contingency the pub lic credit. It must also be a matter of unminglpil gratifi cation, that under the existing financial system, resting upon Ihe act oi l""!!, and the resolution oflr-Ki the currency ot the country has nt lainod a state of perfect soundness; and Ihe riles of exchange between different purls of I lip L' n ion, which, in 1 w 1 1 denoted, by their enor iiious amount, tho preat depreciation, nnd, in fact, worlhlessness of the currency in most of the Stales, arc now reduced to little more than the inero expense of transporting specie from place to plucc, and the risk incidi n al to the o perntion. In a new country like that of the United StatPF w here so many inducement are held out for pei illation the doi ositi.ru s of the stir plus revi line, cotisistii g ol Hanks of any descrip tion, when it reachesany considerable amount, require Ihe closest vigilance on the part of the ( iovernnit nt. All banking institutions, under whatever de nomination they mny pass, are governed by an almost exclusive regard to the interest of the stockholders. That interest consists in thp oiieiiieniatinn of profits, in the form ot dividends, and a large surplus revenue entrusted to their custody is but. loo npl to lead to excessive lenns nud to extravagantly large issues of papf r. As n necrssnry consequence, prices arc nominally increased, and Ihe speculative mnnia every where seizes upon the public mind. A ficti tious slate of prosperity for a season exists, and, in the language of the day, money becomes plenty, Contracts ore entered nto by individu nls, resting on fins unsubsiaiiinl si io of rbingsj hut flic delusion speedily passes away, and he coimry is overcome by an indebedness o weigh)- as fo overwhelm moriy, and In visi c very deparmen of indusry wwli greaf and ru inous cu.harrossmcn. The prenes vigilance becomes necessary on he par of (iovernrneri o guard npninsZ 'lis sae of liings. The deposiorics mils be given (listinrly tr uni!er-fanil hat he favors of he (o vermuch will be alogcher wididrawn. or subsanf ally diminished, if is revenues shali lie regarded ns addiions oheir banking catiial. j or as he fiiundaien of an enlarged circulaion. j The (lovernmeii, hrough is revenue has, al I all lines, an imiuriiii part In perform in con ! necion wihlie currency ; mid it greatly i'e- pemls upon its vigilance and cart;, whether the 1 ci iintry be involved in i nibir risMnei t-similar ; to those wh ch it hus had ic.'t n'ly tucnrouiiti r; or, aided by the nrtion of the Treasury, shall ! he preserved ill a sound and henlthv rond.tion. ; I"lie d.ii gers to be guarded ngnim-t v re greatly nugim nted by too Isrge nsuiplus of revenue. When that surplus ereatlv exceeds in amount w hat shall be ri quired by a w i.-e ai d prudent forecast to meet unforseen contingencies, the Icgisbiluie itself tuny come lo be st ized with n ili.-positn n lo indulge in extravagant appropria tions to objects, many of'which may, and most probably would be found to col.tlict with the Constitution. A fancied expediency is clew led nbi-v e const I'utional authority, and a reck less and wasteful extrnvngnnce but loo certain ly follow. The important mwrr ot axation, winch, w lien exercised m its most restricted form, is a burden on la born ud nroduciun, is re- ! ",U ti '" '""!' r vnf''ls prerxs, f r purprw having no r, Minify tn he moives which dicaed is gran, nnd he ( xravagance ol (inverumcn siinulaes individual f xravngance, uuil he spiri of u w ild and ill-regtilaed sp( culnion in- inlto. nno Rtitl nil in i iiiirnrnnnfi, rnt.nl. In view of such fain cons, quenccs. i may be laid down nsnn nxiom, founded on moral and poll- ical ui.'h, hn no grcat r axes should be iiii p ised hm nre nocessrry for nu economical nil iniliisrninn of he (it vt rnmen.nnil ha whu everexiss bev nnil should be rciluci d or modified. This docrine dors in no wa v conl'i w ih (he i exercise of n sound discriminnion in he s-lrc-i ion of he oricle .) be axed, which a due re- 1 enrtl ii hp Oltlllte unn U'OtiM fi nit lines winr. ges o he legislative mind. 1 range of sclecinn undefined ; nnd ions should always be made wih he grea ineress of he roimry. leaves me such selec on eve In i . . . ., ' Ci imposed 1 ns is he t nion, of scpnrne and itiilepentlei. j Snes, a pntrioie I.egislaure will n fail in i coiisii!iiig fhe in'erest ot he pnrs, o udop such 1 course as ill be Its calcnln'etl ondvunce the i harmony if he whole; nnd hut- insure hn ! perm nncnev in be ixdiry of he (iovernmen i w ilioi 7 w hn h nil t llins o nilviince he public ! prosperiy are vain nnd fruiles. 'I bis grea snd vialiv imporan ask re.-s wih Congress ; I and be F.xecuive can do no more linn recoin I mend he general pru.C'ples which should go vern in is execution. I refer yon In the repor of he St creary of War for an rxliibiion of he cotulilon of he ar my ; and recommend In y--u, as well worhy your bes consideraion, many of he suggestions i c tiain The Secrenry in no degree rx.ig g( rnos be gren importance of pressing for ward w iloii delay, in be work of t recing and finishing be fi-rificnioi,s. lo which be par icu'or'y allude. Much has been done ownrd-i ph. c ng our ciics anil roadscads in a sne of st rnriy ngains be hnzinls nf hrs.b; nnck, will in tip I st (our Jtars, bjt censith ri;g the 1 1 t It n t i t- w bit h baelc. n,i f late ye:ir-, i ni- lev ttl in tbr proicllii g of shins, and ihe formida ble implt incuts of tlf-tnif-i. n which have hren drought into seivire, wp cannot lie too ai-iiie or vigilant in piepaiing snd pf' feting the means of tit lei re. I n lc r you, il,, in lis report furs ft II 1 l'i inciit of ibe condition of lip Indian t i ho wl I, in our juritutii-iiun. i The F.ierinive ha al a'fd no rlTiri in ra'rvinjr , inlo t Iferl the urll-cstablishcd policy of 0 (i . vcrinicnl. which ronirmpl tips removal of 'l ihe tribes resitting within the limits of ihe eeral , Shoes, I cvoiul those limits; ami it is now- ma- ' I b if to congraiula'e the col niiy at the i n p ct ol ii rvly ceiisumm .liiin oflhis ol ject. Many of ihe trilus hvf ulrentl v n-ade ireni progress in the m Is rl c it ihzfd life ; and through he o r ilitui ot ihe schools ( still. hshi d ain. i g ihrni. ni.led I v Ihe i Ifurls of the pious men of various icliginu- tier o t ii alien- ho dt vote tin nisf Ives t.iilo- ticket iheir iiiq rttvt niriii we in y foniHy I 0 e ihut I lu ll mniiiits ef if c f.'in id.tl le trih wl ich t r oi re the li listers of this country, wi'l, in iheir trxn lb II fiem ihe tsvngp sUte, lo a coniliiioii i f r. fun incut and ciiliivatiun, add anolhi r biighl Irnphv lo adorn Ibe lul or of a Wi tl-ilirt'ctfil pliiliinlhrophv. The accompany ing report i f the fr-ecrcla'y of II e Navy, wdl t ipU n lo veu ihe tituatinn of itint blanch if the servics. 'J'he resent oig.in i.i lion of ihe Dt' arliiic ul imports In ia ppriaiious grral efficiency ; but I concur fully in the proprii tv of a division t f the ltnrtau of Coiistiuctinn. R tpi nn nt, and Repairs, into two ItiirtHUi The nil jccls as now arranged, are incongruous, and require lo a ci-iuin ri'rnt, ii fnuiutl hi and quali fication alleged. er di-siiniinr. The operations of the stpiatlron on the coast ol All ien have been conducted with all due alten- t inn to the object which led to its organization ; ami 1 am happy to say that the olticcra and crews have enjoyed the best possible health, under the system adopted by ihe olficer in command. It is believed the L . States is the only nation winch has, by its law s, subjected to the punishment of death, aa pirates, those who may be engaged in the klav-trade. A similar enactment on the part of other nations would not fail to be atten ded by beneficial results. In consequence of the difficulties which have existed in thp way of securing titles forth ne (essary grounds, opcrat ions have not yet been commenced toward the establishment of the Na vy Yard at Memphis So soon as the title is per fected, no further delay w ill be permitted to in- - j tcivcne It is well w orthy of your consideration whether Congress should not direct the establish, ment of a rope-walk, in connection with the contemplated Navy Ynrd, as a measure not only of economy, but as highly useful und necessary. The only establishment of the sort now connect ed with the servicsis located nt Huston ; am) the advantages of a similar establishment, conveni ent to the hemp-growing region, must be appar ent to ill I, The report of the Secretary presents otber matters to your consideration, of on important chnracter in connection with the service. In referring you to the accompanying report of the Postmaster (Jcneral, it affords me conti nued cause of gratification to be able to advert to the fact, that the affairs of the Department, for thp lust four years, have been so conducted as, fiom it unaided resources, to meet its large ex penditures. On my coming into office a debt of neaily f.'iOO.OOO existed against ihe Department, which Congress disclmigedby an appropriation from the Treasury. The Department . on the -fth ol .Maich nut, will be found, under the manaje ment of the present ellicient head, free of debt or t nibiinassment, which could only have been done by the observance and practice of the greatest vigilancennd economy. The laws have contem plated, throughout, that the Department should be self-sustained : but it may become necessary, with the wisest regard to politic interest", to in troduce amendments and alterations in the sys tem. There is a strong desire manifested in many quarters. o to alter the tariff of letter postage as lo reduce the amount ol" tax nt present im posed. Should such a measure be can ted into ! effect, to the full extent desire.', it i.,niot Well tie doubted but that, for the fust year of its op- eratinn, a diminished revenue would lie collect oil, the supply of which would necessarily con stitute a charge upon the Treasury. Whether such a result would be desirable, it will lie for Congress, in its wisdom, to determine. It may in general be asserted, that radical alterations in any system should rather be brought about grad- : "in lly. than by sudden changes ; and by pursuing tJnis prudent policy in the reduction of letter , postage, the Department might still sustain it . self through the revenue which would accrue by ( the increase of b-tters. The state ami condition . of Ihe public Treasury has. heretnl'ore. been ; such ns to have precluded the recommendation of nny material change. The dilfictilties upon this head have, however, ceasetl, ami a large dis I cretion is now left to the Covernmer.f . j I cannot too strongly urge the policy of author i izing t lit? establishment of a line of steamships i legnlarly to ply b-tween this country ami foreign 1 parts, anil upon our own waters, for the trans I pollution of the mail. Tin- example of the I'.ri I tish (iovernment is well worthy of imitation in this respect. The belief is strongly entertained that the emoluments arising fiom the transporta I t ion of mail matter to foreign countries, would , operate of itself us an inducement to cause indi vidual enferpi is: to undertake that branch of the i task i won ami the remuneration of the (!nvernmnt consist in the addition readily made to our st. atn navy in case of emergency by the ships so employed. Should this suggestion meet vonr approval, the propriety of placing such ships under the com mand of experienced officers of the Navy will not escape your observation. The application " ,r!u" th." ,,lr' ! navn! i '.'"''n-Jsaii extrnsivf steam artare, cogent- marine as im portant in estimating the defences ofthe country. j Fortunately this may be attained bv ns to a great j extent without incnri ing any l.irgeamount of ex penditure. Steam vessels to be engaged in the transportation of the mails on out principal water-courses, lakes, ami parts of our const, . could also be constructed as to be ellicient as , war vess-N when needed; nnd would of them selves constitute a foimnlable force in order to repel attacks from abroad. We cannot be blind to the fact, that other nations have already added large numbers of steamship- to their naval urma- 1 nienN. and that this new and powerful agent is oesi.te-ii to e, oi ii i join ,, in coniimnn oi nie i woibl. It becomes the United States, therefore, , looking to their security, to adopt a similar poli ; cy : and the plan suggi-ted will enable them to j do so at a small comparative cost. 1 take the gn at' st pleasure in bearing testi mony to the zeal ami untiring industry which has characterized the conduct ol the members of tie! 1 l'xecntive Cabinet. l at h, in his nppropi iate I sphere, I. as lemlereil me the most ciricicnt aid in ferrying on the (,'overnmeiit. and it will not. I ti n-t. appear out of place for me to - al this pub ' lie t-stiinonv The cardinal obj -i ts which should ; 'v'r b- beitl in view by those entrusted with tl iitlministiation of the public affairs, are rigitly. and without favour or affection, so to interpiel the national will, expressed in the laws, as that injustice should be done to mine ju-tiee to all This has b 'en tie- rule upon whiih they hav acted; ami thus it is b lieved that few cases, il any, exist, wheiein our fellow citiz ns, who from time to time have been drawn to the Si at ol (iovei nun lit lor the settlement of their trans actions with the lioverniiient, have gone away tlissat isfiptl. Where the testimony has been perfected, an ' was esteemed sat slactorv, their claims havf been promptly audit' d ; ami this in the absenci ot all favoritism oi partiality 1 he l.overnmen i whiih is not ju-t to its own p ople. can ueithe claim their alb et ion nor the respect of tin woi Id. At the same time the closest nttentioi has been paid to 1 hose matte is which relate men immediately to the great concern ofthe conn try. Older ami elliciency in each branch of tin public service, have prevailed, accoininied by a system ofthe most rigid responsibility on iht part ofthe receiving and disbursing agents. Th; fact, in illustration of the truth el this rem.'ul. deserves to be noticed, that the revenues of th (Jov ci nine nt. amounting in the last four years I upwards of - l-.'U. HOI). ( (ill, have been collectt and disbursed, through the numerous, (ioveri mental agents, without the loss, by default, of ai amount of serious commentary. The appropriations made by Congress for tl improvement of the rivers of the West, and t the harbors, on the lakes, are in n course of judi cious expenditure under suitable agents, ami or destined, it is to be hoped, to realize all the bei plit designed tn be accomplished by Congres; I cannot, however, sulliciently impress upo Congress the great importance of withhn!diii appropriations from iinpiovemenU which are not ascertained, by previous examination and sur vey, tube necessary for the shelter anil protection of trade front the danger of ktormsaml tempests. Without this precaution, the expenditure are but too apt to eniiie to the benefit of individuals without reference to the only consideration which can rentier them constitutional ihe pub lic interest ami the general good. I cannot too earnestly urge ujion you the inter ests ofthis District, over which, by thp Consti- tution. Congress has exclusive jurisdiction. It would be deeply to be regrettetl should there be, ut anv time , ground to complain of neglect on the J part of a community which, detntched as it is : from the parental care of the Hate of Virginia ; and Maryland, can only expect aid from Congress as its local legislature. Amongst thp subjects wh'cri claim your attention, is the prompt organ ization of an asylum for the insane, who may be found, from time to time, sojourning within the District. Such course is also demanded by con siderations which apply to branches of the pub lic service. For the necessities in this behalf, 1 invite your particular attention to the report of the Secretary ol the Navy. I have thus, gentlemen of the two Houses of Congress, presented you a true and faithful pic- 1 turc of the condition of public affairs, both lor