State of the Union Address (1790-2001) eBook

This eBook from the Gutenberg Project consists of approximately 5,523 pages of information about State of the Union Address (1790-2001).

State of the Union Address (1790-2001) eBook

This eBook from the Gutenberg Project consists of approximately 5,523 pages of information about State of the Union Address (1790-2001).
Since your last session the Northern tribes have sold to us the lands between the Connecticut Reserve and the former Indian boundary and those on the Ohio from the same boundary to the rapids and for a considerable depth inland.  The Chickasaws and Cherokees have sold us the country between and adjacent to the two districts of Tennessee, and the Creeks the residue of their lands in the fork of the Ocmulgee up to the Ulcofauhatche.  The three former purchases are important, in as much as they consolidate disjoined parts of our settled country and render their intercourse secure; and the second particularly so, as, with the small point on the river which we expect is by this time ceded by the Piankeshaws, it completes our possession of the whole of both banks of the Ohio from its source to near its mouth, and the navigation of that river is thereby rendered forever safe to our citizens settled and settling on its extensive waters.  The purchase from the Creeks, too, has been for some time particularly interesting to the State of Georgia.

The several treaties which have been mentioned will be submitted to both Houses of Congress for the exercise of their respective functions.

Deputations now on their way to the seat of Government from various nations of Indians inhabiting the Missouri and other parts beyond the Mississippi come charged with assurances of their satisfaction with the new relations in which they are placed with us, of their dispositions to cultivate our peace and friendship, and their desire to enter into commercial intercourse with us.  A state of our progress in exploring the principal rivers of that country, and of the information respecting them hitherto obtained, will be communicated as soon as we shall receive some further relations which we have reason shortly to expect.

The receipts of the Treasury during the year ending on the 30th day of September last have exceeded the sum of $13 millions, which, with not quite $5 millions in the Treasury at the beginning of the year, have enabled us after meeting other demands to pay nearly $2 millions of the debt contracted under the British treaty and convention, upward of $4 millions of principal of the public debt, and $4 millions of interest.  These payments, with those which had been made in three years and a half preceding, have extinguished of the funded debt nearly $18 millions of principal.  Congress by their act of November 10th, 1803, authorized us to borrow $1.75 millions toward meeting the claims of our citizens assumed by the convention with France.  We have not, however, made use of this authority, because the sum of $4.5 millions, which remained in the Treasury on the same 30th day of September last, with the receipts of which we may calculate on for the ensuing year, besides paying the annual sum of $8 millions appropriated to the funded debt and meeting all the current demands which may be expected, will enable us to pay the whole sum of $3.75 millions assumed by the French convention and still leave us a surplus of nearly $1 million at our free disposal.  Should you concur in the provisions of arms and armed vessels recommended by the circumstances of the times, this surplus will furnish the means of doing so.

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State of the Union Address (1790-2001) from Project Gutenberg. Public domain.