The surviving member of the mission, appointed during
your last session, has accordingly proceeded to his destination, and a
successor to his distinguished and lamented associate will be nominated
to the Senate. A treaty of amity, navigation, and commerce has in the
course of the last summer been concluded by our minister plenipotentiary
at Mexico with the united states of that Confederacy, which will also be
laid before the Senate for their advice with regard to its ratification.
In adverting to the present condition of our fiscal concerns and to the
prospects of our revenue the first remark that calls our attention is
that they are less exuberantly prosperous than they were at the
corresponding period of the last year. The severe shock so extensively
sustained by the commercial and manufacturing interests in Great Britain
has not been without a perceptible recoil upon ourselves. A reduced
importation from abroad is necessarily succeeded by a reduced return to
the Treasury at home. The net revenue of the present year will not equal
that of the last, and the receipts of that which is to come will fall
short of those in the current year.
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