A Compilation of the Messages and Papers of the Presidents. Volume 2, part 1: James Monroe
History
A Compilation of the Messages and Papers of the Presidents. Volume 2, part 1: James Monroe
Monroe, James, 1758-1831; Presidents -- United States; United States -- History -- Sources; United States -- Politics and government
The Government of His Most Faithful Majesty since the termination of the
last session of Congress has been removed from Rio de Janeiro to Lisbon,
where a revolution similar to that which had occurred in the neighboring
Kingdom of Spain had in like manner been sanctioned by the accepted
and pledged faith of the reigning monarch. The diplomatic intercourse
between the United States and the Portuguese dominions, interrupted
by this important event, has not yet been resumed, but the change
of internal administration having already materially affected the
commercial intercourse of the United States with the Portuguese
dominions, the renewal of the public missions between the two countries
appears to be desirable at an early day.
It is understood that the colonies in South America have had great
success during the present year in the struggle for' their independence.
The new Government of Colombia has extended its territories and
considerably augmented its strength, and at Buenos Ayres, where civil
dissensions had for some time before prevailed, greater harmony and
better order appear to have been established. Equal success has attended
their efforts in the Provinces on the Pacific. It has long been manifest
that it would be impossible for Spain to reduce these colonies by force,
and equally so that no conditions short of their independence would be
satisfactory to them. It may therefore be presumed, and it is earnestly
hoped, that the Government of Spain, guided by enlightened and liberal
councils, will find it to comport with its interests and due to its
magnanimity to terminate this exhausting controversy on that basis. To
promote this result by friendly counsel with the Government of Spain
will be the object of the Government of the United States.
In conducting the fiscal operations of the year it has been found
necessary to carry into full effect the act of the last session of
Congress authorizing a loan of $5,000,000. This sum has been raised at
an average premium of $5.59 per centum upon stock bearing an interest
at the rate of 5 per cent per annum, redeemable at the option of the
Government after the 1st day of January, 1835.
There has been issued under the provisions of this act $4,735,296.30 of
5 per cent stock, and there has been or will be redeemed during the year
$3,197,030.71 of Louisiana 6 per cent deferred stock and Mississippi
stock. There has therefore been an actual increase of the public debt
contracted during the year of $1,538,266.69.
Public-domain text, read in full here on John Shaqi.
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