J. Madison with his respects to Mr. Woodbury thanks him for his interesting Report from the Treasury Department.

The exuberant prosperity of our Country is a happy illustration of the beneficent operation of its political Institutions; and with the anticipated rate of its growth in population, in productive capacities, and in resources for protection, not only on its borders, but on the Ocean, cannot be disregarded by other nations in estimating the respect due the United States.