Indianapolis Indiana Journal in Indianapolis, Indiana
16 Dec 1837

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Indianapolis Indiana Journal in Indianapolis, Indiana
16 Dec 1837

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Indianapolis Indiana Journal (Newspaper) - December 16, 1837, Indianapolis, IndianaI Indianapolis saturday december 16, 1837. No. 809. Published by Dougi. Ass amp Ivel. Terms.�?$2 50 per annul in Advance for 52 numbers�?$3 of at 6 months�?$3 50 at the end of the volume. No paper will be discontinued unless at the option of the publishers until arrearage Are paid. space occupied by 230 Ems shall be counted a Square nothing counted less than a Square All Over a Square and less than a Simre and a half shall be counted a Square and a half. One Dollar per Square shall be charged for the first three or any less number of insertions and Twenty hic cents breach additional insertion. Advertisements published by the Quarter or longer Quot will be charged $3 per Square for three months a for months or $10 per annul. Merchants druggists and others advertising by the year will be charged for two squares $16 50 for free squares $20 for a Quarter of a column of 1000 Ems $25 for a half of a column $35 for three fourths of a column $50 for a column $60 per annul. A deduction of 20 per cent will be made on advertisements longer than a Quarter of a column when inserted by the half year or year and not altered. All advertisements authorized by statute must be paid for invariably in Advance. Advertisements coming from abroad must be accompanied with the Cash unless ordered for publication by a brother publisher. U the postage must be paid on All letters the publishers or they will not be taken out of the pos Ohice iry Plai a Jour Al Ali. Tuesday december 12, 1837. Both houses yesterday proceeded the election of treasurer of state and auditor of Public accounts. Tie following is the result for treasurer n. B. Palmer received 77 votes. Quot we. Sheets Quot 61 Quot scattering 3 for auditor Morris Morris received 83 votes. Quot Royal Mayhew Quot 31 Quot tingly Quot 26 scattering 5 whig state convention. With regard holding a state convention the whig presses As far As we have observed with one exception the political Beacon Are decidedly favourable. The Only difference of opinion is As the most convenient or expedient for the assembling of the delegates. Some have named the latter part of May As the Best while a Large majority express p. Decided opinion that the proposed convention should be held sometime during the coming month of january. The 1st, 15tk, and 22d Are named. As the 22d of january we believe would suit tie views of a majority and As it would allow ample for All the counties choose delegates we respectfully suggest the editor of the Pichmond palladium As he was the first Call the proposed convention that he adopt that for its convening. We earnestly Hope that in the mean the several counties in the state will immediate and prompt Steps be represented. It is of the utmost importance that the convention should be respectable is unnecessary As the whig party is now in the ascent in numbers. We fear Many will excuse themselves from participating with the false belief that the move Dant in the state. To such we would say Quot eternal vigilance is the Price of Liberty Quot and thou Gli our opponents Are no longer the democracy of numbers Quot they Are firm and United and characterized by deep cunning and management. The following is the result of the election of president judges and prosecuting attorneys on saturday last by the legislature. President judge�?1st circuit. Isaac Naylor 75 votes. We. P. Bryant 69 Quot 2d circuit. John h. Thompson was elected without opposition. 3d circuit. Miles c. Eggleston 75 votes. Andrew Davidson 61 Quot prosecuting attorney circuit. Joseph a. Wright Daniel Mace r. A. Lockwood James Wilson Dumont Johns. We Utts John Matson 1st ballot. 69 40 15 19 3d District. 2d. 78 61 4 76 votes. 26 Quot 38 Quot supreme judges. The governor yesterday sent the Senate a nomination of Isaac Blackford Charles Dewey and Jeremiah sul Livais Fis Nires As judges of the supreme court of the state of in Diane. The nominations have not yet been acted on by tie Senate hut probably will be Day. Quire that this question should be put at rest. It is not be disguised that with full Confidence often expressed in the desire of the British government terminate it we Are apparently As far from its adjustment As we were at the of signing the treaty of peace in 1783. The sole result of Long pending negotiations and a perplexing arbitration appears be a conviction on its part that a conventional line must be adopted from the impossibility of ascertaining the True one according the description contained in that treaty. Without coinciding in this opinion which is thought not be Well founded my predecessor Jave the strongest proof of the Earnest desire of the United states terminate satisfactorily this dispute by proposing the substitution of a conventional line if the consent of the states interested in the question could be obtained. To this proposition no answer has As yet been received. The attention of the British government has however been urgently invited the subject and its reply cannot i am confident be much longer delayed. The general relations Between great Britain and the United states Are of the most Friendly character and i am Well satisfied of the sincere disposition of that government maintain them upon their present footing. This disposition has also i am persuaded become More general wit i tie people of England Tolian at any previous period. It is scarcely necessary say you Hov cordially it is reciprocated by the government and people of the United states. The conviction which must be common All of the injurious consequences that result from keeping open this irritating question and the certainty that its final settlement cannot be Ucli longer deferred will i Trust Lead loan Early and satisfactory adjustment. At your last session i Laid before you the recent communications Between tie two governments and Between this government and that of the state of Maine in whose solicitude concerning a subject in which she has so deep an interest every portion of the Union participates. The feelings produced by a temporary Intel Rui tion of those harmonious relations Between France and nent establishment of Liberal political institutions. Their unsettled condition not Only interrupts their own advances Prosperity but has often seriously injured the other Powers of the world. The claims of Wiir citizens upon Peru Chili Brazil the Argentine Republic till government formed out of the Republic of Columbia and Mexico Are still pending although Many of them have been presented for examination More than Twenty years. New Grenada Venezuela and Ecuador have recently formed a convention for the purpose of ascertaining and adjusting claims upon the Republic of Columbia from a Liili it is earnestly hoped our citizens will Ere Long receive full compensation for the injuries originally inflicted upon them and for the delay in affording it an advantageous treaty of Commerce has been concluded by the ctn Ted s ates with the Peru bolivian confederation which wants Only the ratification of that government. The Progress of a subsequent negotiation for the settlement of claims upon Peru Lias been unfavourably affected by the War Between that Power and Chili and the arg Cintine Republic and the same event is also Likely produce delays in the settlement of our demands on those Powers. The aggravating circumstances connected with our claims u on Mexico and a variety of events touching the Honor and integrity of our government led my predecessor make at the second session of the last Congress a special recommendation of the course be pursued obtain a speedy and final satisfaction of the injuries complained of by this govt raiment and by our citizens. He recommended a final demand of a contingent authority the executive make reprisals if that demand should be made in vain. From the proceedings of Congress on that recommendation it a Jeared that tie 0>ini0n of both branches of tie legislature coincided with that of the executive that any Triode of Lii Iown tie la w of nations might justifiably be used. It was obvious too that Congress believed with the president that another demand should he made in order give undeniable and satisfactory proof of our desire ii void the United states which Are due As Well the r6 extremities wit ii a neighbouring Power hut that Liere a seen if rejoice at the idea that gov. ,�. 11 Lis Baku Artory ivies age favors the idea compliments bestowed i Quot a pc Quot a Sua from that Quarte vhf Iier in Hae riot a taty of some Inco Sisr. Y on referring however ? j i it of the Messa i which relates the prosecution of our internal improvement system we find nothing which fairly interpreted the friends of internal improvement can object. He alludes very properly a change of times caused by the pecuniary distress and monetary derangement which have fallen upon the whole country since the commencement of our important Enterprise which May be supposed have some influence in retarding the Progress of our works. He does not recommend the discontinuance of any of our works nor even the entire suspension of operations upon any of them. He links it Best and we believe the Board of internal improvement has been acting upon that principle do the first work where it can be made soonest available but he says expressly Quot this can and should be done a without discontinuing operations else inhere or disregarding any pledges that May have been created or violating that so dirt of Good Faith and con Promise which led the adoption of the he says Quot the great disparity in the length of the lines in their relative Cost and the requisite finish them indicate the evident i policy of their simultaneous we understand that the late govern or intended not Xing More nor less than that in All the operations on our Public works an Eye should be had the Early use and availability of the works completed. For instance sound policy required the commencement of the rail Road from Madison Lafayette at the Ohio River so that As fast As it should be completed it could be used so also with the White water canal so also with the Central canal and so also with All the works. We suppose it never was questioned that the Board of internal improvement had the discretionary Power Progress most rapidly with those works which will be most immediately useful and also Complete first those parts of particular a Worthi which will earliest yield a Revenue and afford the most extensive the people. Nor do we suppose it was Ever intended or expected that the works should be simultaneously completed. Tie go Vernor says Quot in the experience and events of the year nothing has been witnessed of a Cliar Acter discourage the Progress or the ultimate Success of the system Quot and he intimates that the Large expend Lare of the Public Money in consequence of our internal improvement system has saved us from tie extra Ordinary in sure which has been elsewhere experienced. We know that the late governor is an ardent Friend our internal improvement system lie is intimately identified with its commencement an Progress and we suppose the object of the remarks in his late message was simply recommend a course of strict Economy give his opinion in favor of progressing most rapidly with those works and those parts of works which will be first needed Wlinich will Ace Ommo the the most people and which will yield i the most Revenue and also induce a spirit of Good Roeling and Good Faith which will ensure a Harmoni prosecution of our important system of internal improvement. We know it is not the desire of the a violate the Good Faith and the spirit of Compromise a Inch led the adoption of the system. The inaugural speech of governor Wallace so far As we have heard an expression of opinion concerning it meets with Universal commendation. If some differ from his views in regard our internal improvement system it is a difference which they knew existed before he was chosen the distinguished office which he occupies and which he never disguised. The frankness plainness and directness of this state paper cannot fail gratify those who aided in the governor s election whilst it challenges the favourable consideration of those who differ with him entirely in regard measures of stale policy. Instead of Flowers and roses and poetry As was predicted by some of our prognosticators who endeavoured bring him into ridicule before he was tried this speech abounds with facts and figures. Against no individual in the state probably has there been As great efforts Forestal Public opinion by a portion of the press As against governor Wallace and we believe that he will not be Long in office before his conduct will bring cont with which he has been so constantly and unrelentingly assailed _ message. Flow citizens of Senate and of the of representatives. We have reason i new the expression of our devout gratitude the give. Of All Good for his benign Protection. Our country presents on every Side the evidences of that continue favor under whose auspices it has gradually risen dependent colonies a prosperous and powerful confederacy. We Are blessed with Domestic Tranquillity and All the elements of National the pestilence which invading for a some flourishing portions of the Union interrupted the general prevalence of usual health has happily been limited in extent and arrested in its fatal Industry and i prudence of our citizens Are gradually relieving them from the pecuniary Embarrass ments under which portions of Vliem have Laboured judicious legislation and the natural and boundless resources of the country have afforded Wise and timely Aid private Enterprise and the activity always Cliar act Ristic of our people has already in a great degree resumed its usual and profitable channels. The condition of our foreign relations has not materially changed since the last annual message of my predecessor. We remain at peace with All nations and no Effort on my part consistent with the preservation of our rights and the Honor of the country shall be spared maintain a position so consonant our institutions. We have faithfully sustained the foreign policy with which the United states under the guidance of their first president took their stand in the family of nations that of regulating their Intercourse with other Powers by the approved principles of private life asking and according equal rights and equal privileges rendering and demanding Justice in All cases advancing their own and discussing the pretensions of others with Candor directness and sincerity appealing at All times reason but never yielding Force nor seeking acquire any thing for themselves by its exercise. A rigid adherence this policy has left this government with scarcely a claim upon its Justice for injuries arising from acts committed by its Auto Jority. The most imposing and perplexing of those of the the u. States upon foreign governments for aggressions upon our citizens were disposed of by my predecessor. Independently of the benefits conferred upon our citizens by restoring the mercantile Community so Many millions of which they had been wrongfully divested a great service was also rendered his country by the satisfactory adjustment of so Many ancient and irritating subjects of Contention and it reflects no Ordinary credit on his successful administration of Public affairs that this great object was accomplished without compromising on any occasion either the Honor or the peace of the nation. With european Powers no new subjects of difficulty have Arisen and those which were her discussion although not terminated do not present a More unfavourable aspect for the future preservation of that Good understanding which it has Ever been our desire cultivate. Of pending questions the most important is that which exists with the government of great Britain in our North Eastern Boundary. It is with unfeigned regret that tie people of the United states must look Back upon the abortive efforts made by the executives for a period of More than half a Century determine what no nation should suffer Long remain in dispute the True line which divides its possessions from those of other Powers. The nature of the settlements on. The Borders of the United states and of the neighbouring territory was for a season such that this perhaps was not indispensable a faithful performance of the duties of the Federal government. Time however has changed this state of things and has brought about a condition of affairs in which Tho True interests of both countries imperatively re comic Chi a of former times As a Correct a Precia tion of existing l Terc have been happily Juco eed de by a cordial disposition Luxl both sick cultivate an Active Friendship in their future intercom Msj. Tie opinion undoubtedly Correct and steadily maintained by us that the commercial relations at present existing Between the two countries Are suss Snible of great and reciprocally beneficial improve innels is obviously gaining ground in France and i am assured of the disposition of that government favor the accomplishment of such an object. The disposition shall be met with a proper spirit on our Pirt. The few comparatively unimportant questions a Jat remain be adjusted Between us can i have no doubt be settled with entire satisfaction and without difficulty. Between Russia and the United states sentiments of Good will continue be mutually Cherie red. Our minister recently accredited that court has been received with a frankness and cordiality laves us no room doubt the preservation in future of those amicable and Liberal relations a hich have so big and so uninterruptedly existed Between the two on the few subjects under discussion Between us an Early and just decision is confidently anti dated. A correspondence has been opened wih tie government of Austria for establish neat of diplomatic relations in conformity with the wishes of Congress As indicated by an . Act of session of 1837, and arrangements made for the purpose which i will be duly carried into effect. Wit i Austria and Prussia and with tli�2 Stu rus of the German pm ire now composing with tie latter in oui league our political relations Aro of the most Friendly character whilst our commercial Intercourse is gradually extending with Benefit All who Are engaged in it. Civil War yet rages in Spain producing intense Sut Teiler. To its own people and other nations inconvenience and regret. Our citizens who a ivc claims upon Itiat Coultry will be prejudiced for a by the condition of its Treasury the inevitable consequence of Long continued and exhausting internal Vars. The last instalment of the interest of the debt due under the convention with tie Queen of Spain has not been paid and similar failures May be happen until a portion of the resources Otier a in a Doorn can be devoted the extinguish Mient of its foreign debt. Having received satisfactory evidence Liat discriminating tonnage duties were charged upon the vessels of the United states iii fhe ports of Portugal a proclamation was issued on tie 11th of october last in Coli Juliance with the act of May 25, 1832, declaring that Ikot and the duties on foreign tonnage which i wer Leviod upon portugese vessels in the u. States previous tie pm visage of that act Are accordingly revived. Tiie act of july 4, ,6, suspending the discriminating duties u on tie produce of Portugal imported into this country in portuguese vessel was passed upon the application of that government through its representative Here under the belief Itiat no similar discrimination existed in Portugal the prejudice of the United states. I regret state that such duties Are now exacted in Liat country upon the cargoes of american vessels and As the act referred vests no discretion in the executive it is for Congress determine us it on the expediency of further legislation on the subject. Against these discrimination affecting the vessels of this country and their cargoes reasonable remonstrance a it As made and notice was Given the portuguese government that unless they should be discontinued the adoption of countervailing measures on the part of the u. States would become necessary but the reply of that government received at the department of state through our charge d affaires at Lisbon in the Ino nth of september last afforded no ground Hope for the abandonment of a system so Little in Harmony with the treatment shown the vessels of Portugal and their cargoes in the ports of this country and so contrary the expectations we had a right entertain. With Holland Sweden Denmark Naples and Belgium a Friendly Intercourse has been uninterruptedly maintained. With the government of the ottoman Porte and its dependencies on the coast of tie Mediterranean peace and Good will Are carefully cultivated and have been fostered by such Good offices As the relative distance and the condition of those countries would permit. Our Commerce with Greece is carried on under the Laws of the two governments reciprocally beneficial the navigating interests of both and i have Reasch look Forward the adoption of other measures which will be More extensively and permanently advantageous. Copies of the treaties concluded with tie governments of Siam and Muscat Are transmitted for the information of Congress the ratifications having been received and the treaties made Public since the close of the last annual session. Already have we reason congratulate ourselves on the Prospect of considerable commercial Benefit and we have besides received from the Sultan of Muscat prompt evidence of his desire cultivate the most Friendly feelings by Liberal acts towards one of our vessels bestowed in a manner so striking As require on our part a grateful acknowledgement. Our Commerce with the islands of Cuba and Porto Rico still gators under heavy restrictions the continuance of which is a subject of regret. Tjie Only effect of an adherence them will be Benefit the navigation of other countries at tie expense both of tie u states and Spain. Dispo in into Vest a discretionary authority Quot a a redres.?,should it the executive namely be either or Una Cason a j Cleia Yed by the mexican government. So soon As the no Cess Ltd i7 documents were prepared after entering upon the duties of my office a special messenger was sent Mexico make a final demand of with the documents required by the provisions of our treaty. The demand was made on the 20th of july last. Tie reply which bears Date the 29th of Tjie same month contains assurances of a desire on tie part of that government give a prompt and explicit answer respecting Eracli of the complaints but that tie of them would necessarily be deliberate that in Liis , it would be guided by the principles of Public Law and the obligation of treaties that nothing should be left undone that might Lead the most speedy and equitable adjustment of our demands and that its determination in respect each Case should be communicated through the mexican minister Here. Since that an envoy extraordinary and minister plenipotentiary has been accredited Titis government by that of the mexican Republic. He brought with him assurances of a sincere desire that the pending differences Between the two governments should be terminated in a manner satisfactory both. He was received with reciprocal Assur winces and a ii Ope was entertained that his Mission would Lead a speedy satisfactory ii Ai a,<ijv.ot.iicu. Urall existing subjects of complaint. A sincere believer in Llie Vav Sauin or uie Pacific policy by Wlinich the United states have always been governed in their Intercourse with foreign nations it was my particular desire from the of the mexican Republic and Well known occurrences on our Frontier be inst Rui Neal in obviating All existing difficulties wit i that government and in restoring the Intercourse bet Iten the two republics that Liberal and Friendly character by which they should always be distinguished. I regret therefore the More deeply live find in the recent communications of that government so Little reason Hope that any future eff rtt of mine for the accomplishment of these desirable objects would be successful. Although the larger number and Many of them aggravated cases of personal wrongs have been now for years before the mexican government and some of the causes of National complaint and those of the most offensive character admitted of immediate simple and satisfactory replies it is Only within a few Days past that any specific communication in answer our last demand made five months ago has been received from the minister. By the report of the Secretary of state herewith presented and the accompanying documents it will be seen that for not one of our Public complaints has satisfaction been Given of offered that but one of the cases of personal wrongs has been favourably considered and that but four cases of both descriptions out of All those formally presented and earnestly pressed have As yet been decided upon by mexican government. Not perceiving in what manner any of the Powers Given tie executive alone should be farther usefully employed in bringing this unfortunate controversy a satisfactory termination the subject was it a my predecessor referred Congress As one calling for its interposition. In accordance with the clearly understood wishes of the legislature another and formal Deiz and for satisfaction has been made us on the mexican government wit ii what Success the documents now will show. On a careful and deliberate examiii3tion of their a tents and considering the spirit manifested by the mexican government it has become my Paiit Ful duty return the subject As it now stands Congress whom it belongs decide upon the the Mode and the measure of . Whatever May be your decision it shall be faithfully executed confident thai it will be characterized by that moderation and Justice which will i Trust under All circumstances govern the com oils of our country. The balance in the Treasury on the first Day of january 1837, was forty five millions nine Hundred and sixty eight thousand five Hundred and Twenty three dollars. The receipts during the present year from All resources including the amount of Treasury notes issued Are estimated at Twenty three millions four Hundred and ninety nine thousand Niru a Hundred and eighty one dollars constituting an aggregate of sixty nine millions four Hundred and eighty eight thousand five Hundred and four dollars. Of this amount about thirty five millions tvo Hundred and eighty one thousand three Hundred and sixty one dollars will have been expended at the end of the year on appropriations Mede by Congress and the residue amounting thirty four millions one Hundred and eighty seven thousand one Hundred and forty three dollars will be the nominal balance in the Treasury on the first Day of january next. But of that sum Only one million eighty five thousand four Lindred and eighty Eig it dollars is considered As immediately available for and applicable Public purposes. Those portions of it which will be for some unavailable Coit Sist chiefly of sums deposited with the states and due from the former de polite Banks. The details upon this subject will be found in the annual report of the Secre tajik of the Treasury. The amount of Treasury notes which it will be piece Ary Issue during the Yett Toni account of those funds being unavailable vill it is Sun posed not exceed four and a half millions. If seemed proper in the Conditi Ort of the country live the estimate on All subjects As Low As practicable without prejudice Toafia Public me insures. The Despai arts Revenue is subjected it is not possible compute the receipts beforehand with great certainty but should they not differ essentially from present anticipations and should the appropriations not much exceed the estimates no difficulty seems Likely happen in defraying the current expenses with promptitude and Fidelity. Notwithstanding the great Embarrass cents which have recently occurred in Cor Mercial affairs and the Liberal indulgence which in consequence of those embarrassments has been extended both the merchants and tic , it is Gratifying be Able anticipate that the Treasury notes which have been issued during the year will be redeemed and that the resources of the Treasury without resort Loans or increased taxes will prove ample for defraying All charges imposed on it during 1838. Quot the report of the Secretary of the Treasury will afford you a More minute exposition of All matters connected with the administration of the finances during the current year a i it period which for t.? amount of Public moneys disbursed and deposited with the states As Well Quot As the financial difficulties encouraged and overcome has few parallels in our history. Your Attenni it i was at tie last session invited the necessity of additional legislative provisions in respect the collection Safe keeping and Transfer of the Public Money. No Law having been then matured and not understanding the proceedings of con Gross As intended be final it becomes my duty again bring the subject your notice. On Itiat occasion three Milt Des of this Branch of the Public service a Ere presented for your consideration. These were the creation of a National Bank the revival with modifications of the depos Ite system established by the act ofthe23dof june 1836, permitting the use of the Public moneys by tie Banks and the discontinuance of the use of such institutions for the purpose referred with suitable provisions f a their accomplishment through he Agency of Oili cers. Considering tie provisions of both houses of Congress on the two first propositions As expressed in the negative in we iii i entirely concur it is Annece sary for me again recur them. In re pet the last you have had an Opportunity since your adjournment not Only test still further one Diecy of the measure by the continued prac Cal operation of such Pari Asare now but also i c discover what should Ever and regarded the us Al Ost deference the opine our and wishes of the people. The National will is the supreme Law of the Republic and on All subjects within the limits of his constitutional Powers should be faithfully obeyed by the Public servant. Since the measure in question was submitted your consideration most of you have enjoyed the advantage of personal communication with your constituents. For one state Only has an election been held for the Federal government but the Early Day at Winch it took place deprives the measure under consideration of much of the support it might otherwise have derived from tie re Stilt. Local elections for state officers have however been held in several of the states at which i the expediency of the plan proposed by the executive have been More or less discussed. Von will i am confident yield their results tie respect due every expression of the Pablic voice. Desiring however arrive at truth and a just View of the subject in All its bearings you vill at the same remember that questions of far deeper and More in mediate local interest than the fiscal j lans of the National Treasury were involved in those elections. Above nil. Of of we the suiking last that there were at the tune in those states More than one Hundred and sixty millions of Bank capital of which Large portions were subject actual forfeiture other Large portions upheld Only by special and limited indulgences and most of it if not All a greater or less extent dependent for a continuance of its corporate existence upon the will of Tjie state Legislatures be then chosen. Apprised of the circumstance you will judge whether it is not most probable that the Peculiar condition of that vast interest in these respects the extent which it has been spread rough All the ramifications of society its direct connection with the then pending elections and the feelings it was calculated infuse into the canvass have exercised a far greater influence Over the result than any which could possibly have been produced by a conflict of opinion in respect toa question in the administration of the general government More Remote and far less important in its bearings upon that interest. I have found no reason change my own opinion As the expediency of adopting the system proposed being perfectly satisfied that their will be neither stability nor safely either in the fiscal Riff Idro of the government or in the pecuniary transactions of individuals and corporations so Long As a connection exists Between them which like the past offers such Strong inducements make them Pijie subjects of political agitation. Indeed i am More than Cyert convinced of the dangers which the free and unbiased exercise of political opinion the Only sure foundation and safeguard of Republican government would be exposed by any farther increase of the already overgrown influence of corporate authorities. I cannot therefore consistently with my views of duty advise a renewal of a connection which circa instances have dissolved. The discontinuance of the use of state Banks for fiscal purposes on Hatnot be regarded As a measure of hostility towards those institutions. Banks properly and conducted Are highly useful the business of the country and will doubtless continue exist in the states so Long As they conform the Laws and Are found by Safe and How they should be created what privileges they should enjoy under what responsibility they should act and what restrictions they so buds he subject Are questions which As i observed on a previous occasion belong the states upon their rights or tie exercise of then the general government can have no motive its 4uty towards them is Well performed when it rent aids Froin legislating for their special Benefit because such legislation would violate the spirit of the conf dilution and be unjust. To other interests when it takes no Steps impair their usefulness but so manages its on affairs As make it the interest of Tii Ose institutions strengthen and improve their condition for the Security and welfare of the Community at Large. They Piave no right insist on a connect Ion i with the Federal government nor in the use of the Public Money for their own Benefit. The object of the measure under consideration is avoid for the future a compulsory connection of this kind. It proposes place tie general government in regard the essential Points or the collection Safe keeping and Transfer of the Public Money in a situation which shall relieve it from All dependence on the will of irresponsible individuals or corporations withdraw those moneys from the uses of private Trade and confide their agents constitutionally selected and controlled by it in abstain from improper interference with the Industry of the people and yith Lipold inducements improve "��6nt dealings on the part of individuals give stability the concerns of the Treasury preserve the treasures of the government from the near voidable reproaches that Flo a tvo such a connection and the then elves from the of a supposed participation in the political conflicts of the Day from which they will otherwise find it difficult escape. A a these Are my views upon this important subject fanned after careful reflection and with no de a rebut arrive at what is most i i pm Mot the Public interest. They Are not Iwai Uliey were before Aub Nii Ted with unfed Igried defer a for the opinions of influence of individual or local interests so Long As they pursue Only the general Good and Are Dir cussed with Modem Ion and Candor such diversity is a Benefit not an in tiry. If a majority of Congress see the Public Welsh rein a different Light and More if they should be satisfied that the measure proposed would not be acceptable the people i shall look their Wisdom substitute such As May be More conducive tie one and More satisfactory the other. In any event they May confidently rely off my Hearty co operation the Fui jest extent which my views of the Constitution and my sense of duty wll permit. It is obviously important this Branch of the Public service and the and quiet of the country that the whole subject should in Tome Way be settled and regulated by Law and if , at your present session. Besides the plans above a referred i am not aware that any one has been suggested except that of keeping the Public Money in the state Banks in special Deposit. This plan is Sonie extent in accordance with the practice of the of Tiver i ment and with the present arrangement of the Treasury department which except perhaps Dur iii the operation of the late do onsite act Lias air tips been allowed even during the existence of a National Borak make a temporary use of the state Banks in particular places for the Safe keeping of portions of Revenue. This discretionary Power might be continued if Congress deem it desirable whatever general system be adopted. So Long As the Connectit. is voluntary we need perhaps anticipate few of those i Quot faculties and Little of that dependence on the Bink. Which must attend every such connection coir Pul Sory in its nature and when so arranged As make the Banks a fixed part of the Vinachi fiery of go verment. It is undoubtedly in the Power of Congress so regulate and guard it As tie p Public Money Ivin being applied the use of or intermingled with the affairs of individuals. Thus arranged although it would not give the Covern ment that entire control Over its own funds a High i desire secure it by the plan which i have pm up of sed would it must be admitted in a great of Chi be accomplish one of the objects which i has recommended that plan my judgment the separation concerns of the government from those of individuals or corporations. With these observations i recommend the whole matter your dispassionate reflection confidently hoping that some conclusion my i Jig by your deliberation which on the one hand Shvili Quot Ive and stability the fiscal Ope rations of the Govel irent ibid be consistent on Tolj other with the Genius of cur Nestit nations and Wittiv the interests and wishes of the great our constituents. It was my Hope that nothing would occult ii Niar e. No Cessaro on this occasion any allusion the late National a Ink. There Are circumstances however connected with x .e state of its affairs that Bear so directly upon the character of the government and the welfare of be citizen that i should not feel myself excused in Nieting notice the charter which terminated its banking privileges on the 4th. Of March 1836, con inc a a its co Orato Powers two years More for the sole purpose of closing its affairs with authority Quot use the corporate name style and capacity for the purpose of suits for a final settlement and liquidation of the of affairs and acts of the corporation and for the Sale a cd Quot Dispo i tion of their estate real personal and mixed but for no other purpose or in any other manner just Bosforo the bit Tikiun Prii Leges ceased. Itsey tests were transferred by the blk a new Stato institution then recently incorporated in Trust for the discharge of its debts and the settlement of its affairs. With this trustee by authority of Congress an adjustment was subsequently made of the Large interest which the government had in the Stock of the institution. The manner in which a Trust a tex put dec Teddy created Upen the act granting the charter and involving such great Public interests has been executed Souhr ii any circumstances be a fit subject of inquiry but Quot much hire does it deserve your attention alien it embraces the of obligations which the authority and credit of the Quot United states have Given value. The two years allowed Are now nearly at an end. It is Well understood that the trustee has not redeemed and cancelled the outstanding notes of the Bank but has re issued and is actin ally re issuing since the 3d of March ld36, the la of a a which have been received by it a vast amount. According its own official statement so late As the 1st of october last Nineteen months after the banking privileges Given by the charter had expired it had under its control Uncan celled notes of the late Bank of the United states the amount of Twenty seven millions five Hundred and sixty one thousand eight Hundred and sixty six dollars of which six millions pne Hundred and seventy five thousand eight Hundred and sixty five dollars were in actual circulation one million four Hundred and sixty eight thousand six Hundred and Twenty seven dollars at state ban Ardencie and three millions two thousand three Hundred and nil cd a dollars in transit thus showing that upwards often millions and a half of the notes of the old Bank were then still kept Ouist Ndini. The impropriety of this procedure is obvious it being the duty of the trustee cancel and not put Forth tie notes of an institution whose concerns it had under taken wind up. If the trustee has a right Regis site these notes now i can see no reason Why it May idiot continue do so after the expiration of the two Yiirs. As no one could have anticipated a course so extraordinary the prohibitory clause of just quoted was not accompanied by any penalty or other special provision for enforcing it nor have we any general Law for the prevention of a iii Lar acts in future a but it is not in this View of the subject alone that Quot your is required. The United states in setting with the trustee for their Stock have withdrawn their funds from their fomer direct liability . The creditors of the old Bank yet notes of the institution continue be sent Wrob in Al name and apparently upon the authority of the a a. . The transactions connects with thee of the Bills of the old Bank Are of vast extent Jwa Shoum they result unfortunately the interest of iii i Vid vials May be deeply compromised. Wit lion undertaking decide How far or in what form if any the trustee could be made liable for notes which cont Aili no obligation on its part or the old Bank for Sitch As 9,re put in circulation after tie expiration of its Char tier pid without its authority or the government for indemnity in Case of loss the quest ibo still presses itself upon your consideration whether it is consistent with duty and Good Faith on the part of tie go a Ern Menf witness this Focee it Ling without a sing lip Effort arrest it. The report of the commissioner of the general land office which will be Laid before you by the Secretary of the Treasury will show How the Aff tits of that been conducted for the put year is los Lijun of the Public lands is de of die Molt important its confided confess the practicability of,i5fifiaining the title and control of such it Sive dotain8 in the general governmental Quot same file admit not the territories Eruby my a a a into Tii Federal Union As coequal Avit lip in i St Teh it Aii seriously doubted by Nia it a of r state an. All feared .at they souk a discord and Many cat red s Tjon of the confederacy. But happily a has already it in amp All suck appr�h�ns�ow., amp s a assume do that Iha la on. It the Independent nations of flies continent have Ever since they new Ergo from the o colonial state sex Perien ced Sovec trials in their Progre the Perina great and often unexpected which the so Ion fas these c flip ii View a air kept of san my do that Iho �4missi�� of a Umon on the of tto off 8, was a Neonila Tible with a. States and it. Thia lib Surry add a thief. Relic % a of the compact slip which in regulated has a a tit a Al now Quot a a a or tue Ign that Tom right of a in a

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