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TUESDAY, December 5, 1815.

Several other members, to wit; from Pennsylvania, Jared Irwin; from Maryland, George Baer: from Virginia, James Johnson, John Kerr, and Daniel Sheffey; and from North Carolina, William Gaston, and Daniel M. Forney, appeared, produced their credentials, and took their seats; the oath to support the constitution of the United States being first administered to them by the Speaker.

Mr. Wright, from the joint committee appointed yesterday to wait on the President of the United States, reported, that the committee had performed that service, and that the President answered that he would make a communication to the two Houses to-day, at twelve o'clock.

A message, in writing, was then received from the President of the United States, by Mr. Todd, his secretary, who delivered in the same at the Speaker's table, and withdrew.

The said message was read, and is as follows:

Fellow-Citizens of the Senate

and of the House of Representatives : I have the satisfaction, on our present meeting, of being able to communicate to you the successsul termination of the war which had been commenced against the United States by the regency of Algiers. The squadron in advance on that service,, under commodore Decatur, lost not a moment after its arrival in the Mediterranean, in seeking the naval force of the enemy then cruising in that sea, and succeeded in capturing two of his ships, one of them the principal ship, commanded by the Algerine admiral. The high character of


a complete execution of the act impracticabl the first of May, the period more immedia contemplated. As soon, however, as circ stances would permit, and as far as it has practicable, consistently with the public interthe reduction of the army has been accomplis! but the appropriations for its pay and for o branches of the military service, having pro inadequate, the earliest attention to that sub will be necessary; and the expediency of cont ing upon the peace establishment, the staff offi who have hitherto been provisionally retained also recommended to the consideration of cong

In the performance of the executive duty this occasion, there has not been wanting a sensibility to the merits of the American a during the late war: but the obvious policy design in fixing an efficient military peace blishment did not afford an opportunity to di guish the aged and infirm, on account of t past services; nor the wounded and disabled account of their present sufferings. The e of the reduction indeed unavoidably involved exclusion of many meritorious officers of e rank from the service of their country; and equal, as well as so numerous, were the claim attention, that a decision by the standard of parative merit, could seldom be attained. Jud however, in candour, by a general standard positive merit, the army register will, it is lieved, do honour to the establishment; while case of those officers, whose names are not cluded in it, devolves, with the strongest inte upon the legislative authority, for such provi as shall be deemed the best calculated to port and solace to the veteran and the invalid display the beneficence, as well as the justic


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the government; and to inspire a martial zeal for the public service upon every future emergency,

Although the embarrassments arising from the want of an uniform national currency have not been diminished since the adjournment of congress, great satisfaction has been derived in contemplating the revival of the public credit, and the efficiency of the public resources. The receipts into the treasury, from the various branches of revenue, during the nine months ending on the 30th of September last, have been estimated at twelve millions and a half of dollars; the issues of treasury notes of every denomination, during the same period, amounted to the sum of fourteen millions of dollars: and there was also obtained upon loan, during the same period, a sum of nine millions of dollars; of which the sum of six millions of dollars was subscribed in cash, and the sum of three millions of dollars in treasury notes. With these means, added to the sum of one million and a half of dollars, being the balance of money in the treasury on the 1st of January, there has been paid, between the 1st of January and the 1st of October, on account of the appropriations of the preceding and of the present year, (exclusively of the amount of the treasury notes subscribed to the loan, and of the amount redeemed in the

payment of duties and taxes,) the aggregate sum of thirty-three millions and a half of dollars, leaving a balance then in the treasury estimated at the sum of three millions of dollars. Independent, however, of the arrearages due for military services and supplies, it is presumed, that a further sum of five millions of dollars, including the interest on the public debt payable on the 1st of January next, will be demanded at the treasury to complete the expenditures of the present year,

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and for which the existing ways and means wi
sufficiently provide.

The national debt, as it was ascertained on th: 1st of October last, amounted in the whole the sum of one hundred and twenty millions dollars, consisting of the unredeemed balance the debt contracted before the late war, (thirty nine millions of dollars,) the amount of the funde debt contracted in consequence of the war, (sixt four millions of dollars,) and the amount of th unfunded and floating debt, (including the variou issues of treasury notes,) seventeen millions of do lars, which is in a gradual course of paymen There will, probably, be some addition to th public debt, upon the liquidation of various claim which are depending; and a conciliatory disposi tion on the



congress may lead honourabl and advantageously to an equitable arrangemen of the militia expenses, incurred by the severa States, without the previous sanction or authorit of the government of the United States: bu when it is considered that the new, as well as th old, portion of the debt has been contracted i the assertion of the national rights and indepen dence; and when it is recollected, that the public expenditures, not being exclusively bestowed upor subjects of a transient nature, will long be visible in the number and equipments of the American navy, in the military works for the defence of ou harbours and our frontiers, and in the supplies o our arsenals and magazines; the amount will bea a gratifying comparison with the objects which have been attained, as well as with the resources

The arrangements of the finances, with a views to the receipts and expenditures of a permanen peace establishment, will necessarily enter into the

of the country.

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deliberations of congress during the present session. It is true that the improved condition of the public revenue will not only afford the means of maintaining the faith of the government, with its creditors inviolate, and of prosecuting, successfully, the measures of the most liberal policy ; but will, also, justify an immediate alleviation of the burdens imposed by the necessities of the war. It is, however, essential to every modification of the finances, that the benefits of an uniform national currency should be restored to the community. The absence of the precious metals will, it is believed, be a temporary evil; but, until they can again be rendered the general medium of exchange, it devolves on the wisdom of congress, to provide a substitute, which shall equally engage the confidence, and accommodate the wants, of the citizens throughout the Union. If the operation of the State banks cannot produce this result

, the probable operation of a National Bank will merit consideration; and, if neither of these expedients be deemed effectual, it may become necessary to ascertain the terms upon which the notes of the government (no longer required as an instrument of credit) shall be issued, upon motives of general policy, as a common medium of circulation.

Notwithstanding the security for future repose, which the United States ought to find in their love of peace, and their constant respect for the rights of other nations, the character of the times particularly inculcates the lesson, that, whether to prevent or repel danger, we ought not to be unprepared for it. This consideration will sufficiently recommend to congress a liberal provision for the immediate extension, and gradual completion, of the works of defence, both fixed and floating, on our maritime frontier; and an adequate provision


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