Page images
PDF
EPUB

has the French government taken any measures for bringing the depending negotiations to a conclusion, through its representative in the United States. This failure adds to delays before so unreasonably spun out. A successor to our de ceased minister has been appointed, and is ready to proceed on his mission: the course which he will pursue in fulfilling it, is that prescribed by a steady regard to the true interests of the United States, which equally avoids an abandonment of their just demands, and a connexion of their fortunes with the systems of other powers.

The receipts into the Treasury from the 1st of October to the 31st day of March last, including the sums received on account of Treasury notes, and of the loans authorised by the acts of the last and the preceding sessions of Congress, have amounted to fifteen millions four hundred and twelve thousand dollars. The expenditures during the same period, amounted to fifteen millions nine hundred and twenty. thousand dollars, and left in the Treasury, on the 1st of April, the sum of one million eight hundred and fifty-seven thousand dollars The loan of sixteen millions of dollars, authorised by the act of the 8th of February last, has been contracted for. Of that sum more than a million of dollars had been paid into the Treasings prior to the 1st of April, and formed a part of the receipts as above stated. The remainder of that loan, amounting to near fifteen millions of dollars, with the sum of five millions of dollars

authorised to be issued in Treasury notes, and the estimated receipts from the customs and the sales of public lands, amounting to nine millions three hundred thousand dollars, and making in the whole twenty-nine millions three hundred thousand dollars to be received during the last nine months of the present year, will be necessary to meet the expenditures already authorised, and the engagements contracted in relation to the public debt. These engagements amount during that period to ten millions five hundred thousand dollars, which, with near one million for the civil, miscellaneous, and diplomatic expenses, both foreign and domestic, and seventeen millions eight hundred thousand dollars for the military and naval expenditures, including the ships of war building and to be built, will leave a sum in the Treasury at the end of the present year equal to that on the first of April last. A part of this sum may be considered as a resource for defraying any extraordinary expenses already authorised by law, beyond the sums above estimated; and a further resource for any emergency may be found in the sum of one million of dollars, the loan of which to the United States has been authorised by the state of Pennsylvania, but which has not yet been brought into effect.

This view of our finances, whilst it shows that due provision has been made for the expenses of the current year, shows at the same time, by the limited amount of the actual revenue, and the

dependence on loans, the necessity of providing more adequately for the future supplies of the Treasury. This can be best done by a well digested system of internal revenue, in aid of existing sources; which will have the effect, both of abridging the amount of necessary loans, and on that account, as well as by placing the public credit on a more satisfactory basis, of improving the terms on which loans may be obtained. The loan of sixteen millions was not contracted for at a less interest than about seven and a half per cent. and although other causes may have had an agency, it cannot be doubted, that with the advantage of a more extended and less precarious revenue, a lower rate of interest might have sufficed. A longer postponement of this advantage could not fail to have a still greater influence on future loans.

In recommending to the national legislature this resort to additional taxes, I feel great satisfaction in the assurance, that our constituents, who have already displayed so much zeal and firmness in the cause of their country, will cheerfully give any other proof of their patriotism which it calls for. Happily no people, with local and transitory exceptions, never to be wholly avoided, are more able than the people of the United States, to spare for the public wants a portion of their private means, whether regard be had to the ordinary profits of industry or the ordinary price of subsistence in our country, compared with those in any other. And

in no case could stronger reasons be felt for yielding the requisite contributions. By render-. ing the public resources certain, and commensurate to the public exigencies, the constituted authorities will be able to prosecute the war the more rapidly to its proper issue; every hostile hope, founded on a calculated failure of our resources, will be cut off; and by adding to the evidence of bravery and skill, in combats on the ocean and the land, an alacrity in supplying the treasure necessary to give them their fullest effect, and demonstrating to the world the public energy which our political institutions combine with the personal liberty distinguishing them, the best security will be provided against future enterprizes on the rights or the peace of the

nation.

The contest in which the United States are engaged, appeals for its support to every motive that can animate an uncorrupted and enlightened people; to the love of country; to the pride of liberty; to an emulation of the glorious founders of their independence, by a successful vindication of its violated attributes; to the gratitude and sympathy which demand security from the most degrading wrongs of a class of citizens,. who have proved themselves so worthy the protection of their country, of their heroic zeal in its defence; and finally, to the sacred obligation of transmitting entire, to future generations, that precious patrimony of national rights and inde

pendence which is held in trust by the present, from the goodness of Divine Providence.

Being aware of the inconveniences to which a protracted session at this season, would be lia ble, I limit the present communication to objects of primary importance. In special messages which may ensue, regard will be had to the same consideration.

JAMES MADISON.

Washington, May 25th, 1813.

The message was read.

On motion, by Mr. Campbell,

Ordered, That five hundred copies thereof, be printed for the use of the Senate.

On motion,

The Senate adjourned to 11 o'clock to-mor row morning.

WEDNESDAY, MAY 26th, 1813.

The President communicated a report of the Secretary for the Department of War, compre hending statements of all the treaties held with the Indian tribes, respectively, since the 4th of March, 1789, relative to the purchase of lands, the amount of purchases, and annuities, with the amount in goods and money, expended in carry ing such treaties into effect, made conformably to a resolution of the Senate, of the 30th December, 1812; and the report was read.

On motion, by Mr. Leib,
d

« ՆախորդըՇարունակել »