The only parts of the late communications of the Government, having any bearing upon this subject, which we have read with regret, have been those which recommend a reduction of the revenue. Independently of the ruinous tendency of a repeal of the protecting duties, considered as such, it appears to us that the moment is singularly unpropitious for the agitation of any plan, tending to diminish the receipts into the Treasury. In general, our statesmen have shown an unnecessary solicitude about the disposition of a future possible surplus revenue, which has thus far never existed for a single moment since the organization of the Government. Mr. Jefferson felt this solicitude to a very great degree, and looked forward to the payment of the then existing national debt, as a period when we should find ourselves not a little embarrassed by the amount of our superabundant treasures. Long before the expected period came, a foreign war intervened, and instead of having any surplus wealth to dispose of, we were compelled to borrow at very high interest. The present Administration have shown a strong, and in itself very laudable and politic anxiety to extinguish the debt; and have also, for two or three years past, begun to look forward with alarm to the influx of an overwhelming flood of surplus revenue, which is to burst upon us after the debt shall be paid. In the mean time, however, before any surplus whatever is realized,--while a considerable portion of the debt still remains unpaid,--two States have taken such a position in relation to the General Government, as will probably lead to a development of military force. The proceedings of Carolina have been already noticed at length. Georgia, on her part, peremptorily refuses to permit the judgment of the Supreme Court in the Missionary case to be executed. A return of this refusal will be made this winter to the Court, which will then, in the regular course of law, direct the Marshal of the district to execute the judgment himself. In this he will probably be resisted, and upon the fact being certified to the President, it will be his duty to employ the military force of the country to give effect to the laws. Although the President, in pursuance of what we consider an erroneous construction of the Intercourse Act of 1802, did not undertake to prevent by force the irruption of Georgia into the Cherokee territory, we are bound to presume that he will feel no hesitation about enforcing a judgment of the Supreme Court, regularly rendered in due course of law, and of which he cannot question the validity, without assuming the functions of an appellate tribunal. The result will be open collision. With every appearance of the occurrence of civil commotions in two States within the next year, it seems to us to be scarcely expedient,--independently of any other consideration,--to think of measures for reducing the revenue. As no surplus has yet been actually