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first of April, the sum of one million eight hundred and fifty-seven thousand dollars. The loan of sixteen millions of dollars authorized 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 treasury, prior to the first 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 authorized to be issued in treasury notes, and the estimated receipts from the customs and the sales of publick 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 authorized, and the engagements contracted in relation to the publick 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 domestick, 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 1st of April last. A part of this sum may be considered as a resource for defraying any extraordinary expenses already authorized 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 authorized 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 neces. sary loans, and on that account, as well as by placing the publick credit on a more satisfactory basis, of improving the terms on which loans may be obtained. The loan of six

teen 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 every 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 publick 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 of any other. And in no case could stronger reasons be felt for yielding the requisite contributions. By rendering the publick resources certain, and commensurate to the publick 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 thus demonstrating to the world the publick energy which our political institutions combine with the personal liberty distinguishing them, the best security will be provided against future enterprises 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, by their heroick

Zeal in its defence; and finally, to the sacred obligation of transmitting, entire, to future generations, that precious patrimony of national rights and independence 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 liable, 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.

MESSAGE

FRON THE PRESIDENT OF THE UNITED STATES TO THE

SENATE. JUNE 7, 1813. I TRANSMIT to the Senate, a report of the Secretary of State, complying with their resolution of the third instant.

JAMES MADISON.

REPORT. The Secretary of State, to whom was referred the resolution of the Senate of the third instant, requesting the President to cause to be laid before the Senate, the correspondence which may have passed between the United States and the king of Sweden, respecting the interchange of publick ministers, has the honour to report to the President, that no direct correspondence has taken place on the subject.

In reference to the object of the resolution, the Secretary of State submits several extracts of letters from Mr. Speyer, consul of the United States at Stockholm, and a letter from Mr. Beasley, commissary of prisoners at London, by which the wishes and the intentions of the Swedish government

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VOL. IX.

in relation to the interchange of ministers, have been made known to this department. Respectfully submitted,

JAMES MONROE. Department of State, June 7, 1813.

Mr. Beasley to the Secretary of State. London, December

12, 1813. Sir,-Referring to my letter of the 10th instant, I have now the honour to transmit copy of the letter which I informed you that I had received from Mr. Speyer, and of that which I stated it was my intention to address to him, on the subject of our relations with Sweden.

Notwithstanding the present apparent irritation of the Swedish government, I have been assured by Mr. De Kantzow, and I learn from other sources, that it has invariably manifested the most friendly disposition towards the United States. Those American vessels which have sought shelter in its ports have experienced perfect protection. British cruisers are not allowed within its territories to dispose of prizes they make froin the United States; and in some instances, the protection of Swedish convoy has been afforded to American vessels passing through the Sound.

Indeed this circumstance, Mr. De Kantzow informed me, had been mentioned to him by lord Castlereagh with no satisfaction.

I fear, however, that the art and intrigues of our enemy will, if not speedily counteracted, produce a state of things equally unfriendly. I collect from various quarters that considerable dissatisfaction is entertained by the Swedish government that the United States have not appointed a minister near it.

The jealousy which has long existed between Sweden and Denmark, is said to have contributed no little to the feeling to which this mission has given rise, seeing that the United States have had a minister near the Danish government. Mr. De Kantzow seemed anxious to know whether a minister was or would be appointed ; and I am inclined to believe that his stay here is prolonged on that account.

The crown prince is fond of court and splendour; the government is poor; and to say nothing of the two great spoliators, the example of Denmark is immediately before it.

I beg to add, that the result of all the information I can collect, is, that the fate of all the American property, now in the dominions of Sweden, will depend on the course which the government of the United States may pursue on this critical and delicate emergency. I have the honour to be, &c.

R. G. BEASLEY.

No. 10.

Extract of a Letter from John Speyer, Esq. Consul of the

United States at Stockholm, to ihe Secretary of State. Stockholm, January 18, 1813.

The minister of foreign affairs, in the course of our conversation yesterday, mentioned that both the king and prince royal were desirous to maintain and extend the friendly relations and commercial intercourse now subsisting between us, and intend to send a minister or charge des affaires to the United States. He would name the person designated for that mission, were it ascertained whether he accepted of it.

No. 11.

Extract of a Letter from the Same to the Same. Stockholm,

Jan. 21, 1812. The gentleman mentioned in my No. 10, as intended to be sent to the United States, is Mr. Kantzow, who lately returned from Brazils, where he resided charge des affaires of the king several years : he had before been consul general of Sweden, in Portugal.

He informed me yesterday, that he was to go as charge des affaires, which he refused, but consented to accept the appointment as minister.

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