12 DECEMBER 1885, Page 2

President Cleveland, in his first Message, adheres decidedly to his

original policy. He professes entire cordiality towards all foreign Powers, and refuses to present the Nicaragua Canal Treaty- to the Senate, on the ground that he will not support a scheme which, while conferring privileges on the United States, involves a guarantee for the State in which the new interests are situated. "Our duty at present is mainly to develop the vast resources of our great area, and to cultivate the arts of peace within our own borders." The interoceanic transit is "a vital need ;" but it must " be consecrated to the use of all mankind." The "marked good-will between Great Britain and the Union" is maintained, and he hopes an enlarged Extradition Treaty will soon be secured. The President further urges the rebuilding of the Navy, the suppression of polygamy in Utah, and the suspension of the coinage of the silver dollar, which has left one hundred and sixty millions of useless dollars on the hands of the Treasury, and will ultimately drive gold out of circulation, thus con- tracting the currency instead of adding to it, as was intended. He pleads, be it observed, for suspension, not suppression, arguing that if the silver dollar should be wanted, the Mint can recommence coining. It remains to be seen whether the Message will produce effect enough to overthrow the Silver Ring which hitherto has controlled Congress.