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
By the fifth article of the convention concluded on the 20th of October,
1818, it was stipulated that the differences which have arisen between
the two Governments with regard to the true intent and meaning of the
fifth article of the treaty of Ghent, in relation to the carrying away
by British officers of slaves from the United States after the exchange
of the ratifications of the treaty of peace, should be referred to
the decision of some friendly sovereign or state to be named for that
purpose. The minister of the United States has been instructed to name
to the British Government a foreign sovereign, the common friend to
both parties, for the decision of this question. The answer of that
Government to the proposal when received will indicate the further
measures to be pursued on the part of the United States.
Although the pecuniary embarrassments which affected various parts of
the Union during the latter part of the preceding year have during the
present been considerably augmented, and still continue to exist, the
receipts into the Treasury to the 30th of September last have amounted
to $19,000,000. After defraying the current expenses of the Government,
including the interest and reimbursement of the public debt payable to
that period, amounting to $18,200,000, there remained in the Treasury on
that day more than $2,500,000, which, with the sums receivable during
the remainder of the year, will exceed the current demands upon the
Treasury for the same period.
The causes which have tended to diminish the public receipts could not
fail to have a corresponding effect upon the revenue which has accrued
upon imposts and tonnage during the three first quarters of the present
year. It is, however, ascertained that the duties which have been secured
during that period exceed $18,000,000, and those of the whole year will
probably amount to $23,000,000.
For the probable receipts of the next year I refer you to the statements
which will be transmitted from the Treasury, which will enable you to
judge whether further provision be necessary.
The great reduction in the price of the principal articles of domestic
growth which has occurred during the present year, and the consequent
fall in the price of labor, apparently so favorable to the success of
domestic manufactures, have not shielded them against other causes
adverse to their prosperity. The pecuniary embarrassments which have so
deeply affected the commercial interests of the nation have been no less
adverse to our manufacturing establishments in several sections of the
Union.
Public-domain text, read in full here on John Shaqi.
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