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barkick CIIXEEM



AMERICA.—ARRIVAL OF THE PRESI- DENT'S MESSAGE. LIVERPOOL—MONDAY EVENING.—By the arrival of the Ship Sea, the important message of Mr. President Polk, has been received, together with New York papers of the 4th instant. The President's message is lengthy, as usual oc- cupying some nine columns of the American papers; and we regret to say that the new chief magistrate of the republic has thought fit to repeat his declarations re- garding American rights to Oregon. After going into along rigmarole of what Mr. Polk is pleased to style a faithful relation of negociations and treaties in times past, but which in point of fact, is nothing more than his own one sided statement, he then states that when he came into office he found that propositions made by the previous government of America had been rejected by Great Britain, and that he then entertained a con- viction that the British pretentions to the title could not be maintained to any portions of the Oregon territory upon any principle recognised by nations• It had been thrice offered by previous governments to settle the question with Great Britain on the parallel of 49 degrees of north latitude, and in two of these offers the free navigation of the Columbia river had also been offered. This cession of the Columbia river Mr. Polk pretends most indignantly to refuse. It would appear that the new President's notions of negotiation were so absurd that our minister, Mr. Pakenham, was obliged to make his bow, and leave the valiant President in pos- session of the entire field. Mr. Polk, finding himself in a state of solitude, evi- dently began to try how best to get decently out of trouble, and he seems especially cautious in cutting a good large loophole of escape. He finds it necessary to speak of how America is to proceed in the matter of giving notice according to the stipulations of the conven- tion of 1827. Mr. Polk says, Under that convention a year's notice is required to be given by either party to the other, before the joint occupancy shall terminate, and before either can rightfully assert or exercise exclusive jurisdiction o\er any portion of the territory. This notice it would, in my judgment, be proper to give; and I in this manner, the' è'G.t vention of the 6th of August, 1827. It will become proper for Congress to determine what legislation they can in the meantime adopt without violating this convention." He then submits it to Congress to determine whether, at their present session, and until after the expiration of the year's notice, any other measure may be adopted con- sistently with the convention of 1827, for the security of American rights, and the government and protection of American citizens in Oregon. He then emphatically de- clares that "Oregon is a part of the North American Continent to which it is confidently affirmed the title of the United States is the best now in existence. For the grounds on which that title rests I refer you to the cor- respondence of the late and present Secretary of State with the British plenipotentiary during the negotiation. The British proposition of compromise, which would make the Columbia the line south of 49 degrees, with a trifling addition of detached territory to the United States north of that river, and would leave on the British side two-thirds of the whole Oregon territory, including the free navigation of the Columbia and all the valuable har- bours on the Pacific, can never for a moment be enter- tained by the United States without an abandonment of their just and clear territorial rights, their own self- respect, and the national honour." Mr. Polk is pleased to deliver France a lecture on the doctrine of foreign interference, on which subject he is anything but complimentary to our French neighbours. With regard to Mexico and Texas, there is, as may be expected, a great deal said. He would lead folks to believe that all is harmony and peace, and that the an- nexation is to go on and prosper. Congress is asked to make the necessary provisions for carrying out the mea- sure, by giving Texas its agreed amount of representatives. According to Mr. President Polk's Message it appears "that the value of imports into the United States, for the fiscal year ending June 30, 1845, amounted to 117,254,665 dollars, and the value of exports for the same year, end- ing the same date, was 114,646,666 dollars, of which 99,299,776 dollars were in domestic articles. The receipts into the treasury from customs, for the above fiscal year, were 27,528,112 dollars 70 cents from sales of public lands, 2,027,022 dollars 30 cents; from incidental and miscellaneous sources, 163,998 dollars 56 cents-making a total of 29,769,133 dollars 56 cents. The expenditures for the same period were, 29,968,206 dollars 98 cents, of which 8,588,157 dollars 62 cents, were applied to the payment of the public debt. The balance in the treasury on the 1st of July last was 7,658,306 dollars 22 cents. The public debt remaining unpaid, on the 1st of October, 1844, amounted to 17,075,445 dollars 52 cents, leaving an amount of public indebtedness, after applying the sur- plus revenue to its liquidation, of about ten millions of dollars. Payments upon the public debt have not, however, been made out of the surplus, as authorised by several acts of Congress, in consequence of the unsettled state of American foreign relations, and the policy of retaining a sufficient amount in the treasury to meet any contingency growing out of the position of our affairs with Mexico." The Sub-Treasury scheme is boldly, distinctly, and decidedly announced and recommended. No allusion is made particularly to the Sub-Treasury plan of 1840. The President recommends that provision be made for a separation of the monies of the government from banking institutions, and that a constitutional treasury be created for the safe-keeping of the public money. The consti- tutional treasury recommended as a secure depository of the public money, is to have no power to make loans or discounts, or to issue any paper whatever as a currency or circulation. The state banks are denounced by the President. The tariff of 1842 is alluded to in the Message. A revision and modification of the present tariff is recom- mended, and an abolition of the minimum principle, or assumed and arbitrary value of specific duties, and the substitution in their place of ad valorem duties. A system of ad valorem revenue duties, with proper dis- criminations, will, it is stated, afford ample and incidental advantages to the manufacturers. It is the opinion of the executive" that such a system, strictly within the revenue standard, will place the manufacturing interests of America on a stable footing, and secure their perma- nent advantage; while it will* as nearly as may be practicable, extend to all the great interests of the coun- try the incidental protection which can be afforded by its revenue laws. We find the New York Herald, in its usual style of absurd bombast, lauding up Mr. President Polk, but the very able commercial article of this same paper takes a directly opposite view, and treats the question of war with England as a most serious matter for Americans. It says About one-half of the exports from this port to London and Liverpool, in November, was provisions and breadstuffs. Full three-quarters of the export trade of the United States this year will be in shipments of merchandise to Great Britain. More than half the value of all the exports from the United States is in raw-cotton, and more than half of all the exports from Great Britain is in merchandise manufactured from the cotton. These simple facts are of themselves sufficient to destroy every Fear of the slightest difficulty in our political relations with that government. What would be the condition 01 he labouring classes in the whole of Europe in the event )f a rupture between this country and ffrwf Britain 1 And what would be the condition of the soutli,r.,i section of this country and the commercial classes of the nor; mil east, in the event of an embargo upon our ports, aui; ;1 prohibition upon the exportation of oar immense sup- plies of cotton 1 The growers of cotton would be almost ruined by a great reduction in pi ices and in consumption in England, from deficient harvests, or any other cause aud the result of any very great check upon the expor- tation and consumption of this important staple would bcofthemostrtiinous character." The extreme Democratic character of the new House of Representatives may be judged from the fact of a Democratic Speaker having been successful over the Whig candidate. On,the 1st inst. the election took plice, when Mr. J. W. DLI vis, of Indiana, the nominee of the I caucus, was elected on the first bnllot he receiving 1:20 votes, and the Whig candidate only 7?.