peace of all nations with
whom we have any intercourse. Any intervention in their affairs further
than this, even by the expression of an official opinion, is contrary to
our principles of international policy, and will always be avoided.

The report which the Secretary of the Treasury will in due time lay
before you will exhibit the national finances in a highly prosperous
state. Owing to the continued success of our commercial enterprise,
which has enabled the merchants to fulfill their engagements with the
Government, the receipts from customs during the year will exceed the
estimate presented at the last session, and with the other means of the
Treasury will prove fully adequate not only to meet the increased
expenditures resulting from the large appropriations made by Congress,
but to provide for the payment of all the public debt which is at
present redeemable. It is now estimated that the customs will yield to
the Treasury during the present year upward of $28,000,000. The public
lands, however, have proved less productive than was anticipated, and
according to present information will not much exceed two millions. The
expenditures for all objects other than the public debt are estimated to
amount during the year to about sixteen millions and a half, while a
still larger sum, viz, $18,000,000, will have been applied to the
principal and interest of the public debt.

It is expected, however, that in consequence of the reduced rates of
duty which will take effect after the 3d of March next there will be a
considerable falling off in the revenue from customs in the year 1833.
It will nevertheless be amply sufficient to provide for all the wants of
the public service, estimated even upon a liberal scale, and for the
redemption and purchase of the remainder of the public debt. On the 1st
of January next the entire public debt of the United States, funded and
unfunded, will be reduced to within a fraction of $7,000,000, of which
$2,227,363 are not of right redeemable until the 1st of January, 1834,
and $4,735,296 not until the 2d of January, 1835. The commissioners of
the sinking funds, however, being invested with full authority to
purchase the debt at the market price, and the means of the Treasury
being ample, it may be hoped that the whole will be extinguished within
the year 1833.

I can not too cordially congratulate Congress and my fellow-citizens on
the near approach of that memorable and happy event--the ex