ast and very valuable productions
of our whole Western country, which find a market through those streams.

By a treaty with the British Government, bearing date on the 20th of
October, 1818, the convention regulating the commerce between the United
States and Great Britain, concluded on the 3d of July, 1815, which was
about expiring, was revived and continued for the term of ten years from
the time of its expiration. By that treaty, also, the differences which
had arisen under the treaty of Ghent respecting the right claimed by the
United States for their citizens to take and cure fish on the coast of
His Britannic Majesty's dominions in America, with other differences on
important interests, were adjusted to the satisfaction of both parties.
No agreement has yet been entered into respecting the commerce between
the United States and the British dominions in the West Indies and
on this continent. The restraints imposed on that commerce by Great
Britain, and reciprocated by the United States on a principle of
defense, continue still in force.

The negotiation with France for the regulation of the commercial
relations between the two countries, which in the course of the last
summer had been commenced at Paris, has since been transferred to this
city, and will be pursued on the part of the United States in the spirit
of conciliation, and with an earnest desire that it may terminate in an
arrangement satisfactory to both parties.

Our relations with the Barbary Powers are preserved in the same state
and by the same means that were employed when I came into this office.
As early as 1801 it was found necessary to send a squadron into the
Mediterranean for the protection of our commerce, and no period has
intervened, a short term excepted, when it was thought advisable to
withdraw it. The great interests which the United States have in the
Pacific, in commerce and in the fisheries, have also made it necessary
to maintain a naval force there. In disposing of this force in both
instances the most effectual measures in our power have been taken,
without interfering with its other duties, for the suppression of the
slave trade and of piracy in the neighboring seas.

The situation of the United States in regard to their resources, the
extent of their revenue, and the facility with which it is raised
affords a most gratifying spectacle. The payment of nearly $67,000,000
of the public debt, with the great progress made in measur