The Sun.
London, England, 1846-08-29 00:00:00

THE MEXICAN WAR.

The following Message had been sent to Congress
by the President :
" To the Senate and House of Representatives:—
" I invite your attention to the propriety of making
an appropriation to provide for any expenditures which
it may be necessary to make in advance for the purpose
of settling all our difficulties with the Mexican Republic.
It is my desire to terminate, as it originally was to avoid,
the existing war with Mexico, with a peace just and
honourable for both parties.
"It is probably that the chief obstacle to be sur-
mounted in accomplishing this desirable object will be
the adjustment of the boundary between the two Re-
publiei, which shall prove satisfactory and convenient to
both, and such as neither will hereafter repent. In the
adjustment of this boundary we ought to pay a fair
equivalent for any concessions which may be made by
exico.

" Under the circumstances, and considering the other
complicated questions to be settled by negotiation with
the Mexican Republic, I deem it important that a sum of
money should be put under the control of the Executive,
to be advanced, if need be, to the Government of that
Republic immediately after the ratification of a treaty.
It might be inconvenient for the Mexican Government to
watt fur the whole sum, the payment of which may be
stipulated by this treaty, until it could be ratified by our
Senate, and au appropriation to carry it into effect made
by Cor. gress.
" Indeed, the necessity for their delay might defeat
the object altogether. The disbursements of this money
would, of course, be accounted for not as secret service
money, but like other expenditures. Two preceients
for such a proceeding exist in past history during the
Administration of Mr. Jefferson, to which I w-uld call
your attention. On the 20th of February, 1803, an
Act was passed appropriating two million of dollars
for the purpose of defraying any extraordinary
expenditures which may be incurred in the in-
tercourse between the United States and foreign
nations ; to he applied under the direction of the Pre-
sident of the United States, who shall cause an account
thereof to bo laid before Congress as soon as may he ;
and on the 13th of February, 1806, an appropriation was
made of the same nature and on the same terms. In
neither case was the money actually drawn from tile
treasury; and I should hope a result M this respect
might be similar on the present occasion, although the
appropriation may prove indispensable in accomplishini;•
this object. I would, therecore, recommend the passage
of a law appropriating 2,000,000 dolls. to be placed at
the disposal of the Executive fur the purpose I have in-
dicated. In order to prevent all misapprehension, it is
my duty to state that, anxious as I am to terminate the
existing war with the least possible delay, it will con-
tinue to be prosecuted with the utmost vigour until a
treaty of peace shall be signed by the parties, and rati-
fied by the Meiican Republic.
" JAMES K. POLK."

The following documents, transmitted confidentially
to the Senate, and by that body considered in execu-
tive session, have since been released from the bond of
secresy

" MR. BUCHANAN TO COMMODORE CONNIR.

" Department of State, Washington, July 27, 1846.
" Sir,—l have the honour to transmit herewith a
sealed note addressed to the Minister of Foreign Rela-
tions of the Mexican Republic, with au open copy of thesame for your own use. From this you will perceive
that the President has determined again to offer the olive
branch to Mexico.
" The President does not believe that any point of
national honour should forbid him from making this
tender, especially after the glorious events which have
thus far marked the progress of the war. Should the
Mexican Government determine to accept the offer, and
enter upon negotiations, it may, and probably will, pro-
pose to you to conclude an armistice during their pen-
d-ncy. If such a proposition should be made, you will
promptly, but kindly, reject it, giving, at the same
time, every assurance that the Fresident will do all in
his power to bring tho negotiations to a sadsfactory ter-
mination with the least possible delay.
"If an armistice were concluded, the two parties
would not stand on an equal footing. The United States,
at a heavy expense, now have armies in the field, and
navies upon the ocean, in successful progress to conquer
an honourable peace. Should their operations be ar-
rested by an armistice, and the negotiations for peace
should finally fail, we would then lo,enearly all the ad-
vantages of an entire campaign. Besides, this sacrifice,
great as it might be, would scarcely equal the evils, in
every form, which a season of inactivity could not fail to
inflict upon our troops, the greater portion of whom
consist of patriotic citizens who have volunteered to
serve their country in the confidence that they would be
actively employed. Whilst, therefore, the Pre:ident
sincerely desires, with the utmost promptitude, to re-
store our friendly relations with Mexico upon fair
and liberal terms, the war must continue to be prose-
cuted with the utmost vigour, until a definite treaty of
peace shall be signed and ratified by Mexico.
" You will not fail with all the dispatch in your power
to transmit the answer of the Mexican Government to
this department.
" I have the honour to be, Sir,
" Very respectfully, your obebient servant,

"JAMES BUCHANAN.
" To Commodore David Connor, Cottonanding the
Naval Force of the United States in the Gull of Mexico."

" TO HIS EXCELLENCY THE MINISTER OF FOREIGN RE-

LATIONS OF THE MEXICAN REPUBLIC.

"Department ofState,Washi.lgton. July 27, 1846.

" Sir,L'rhe President of the United States, no less
anxious to terminate than he was to avoid the present
unhappy war with the Mexican Republic, has deter-
mined to make an effort to accomplish his purpose. He
has accordingly instructed the undersigned Secretary of
State to propose, through your Excellency, to the Mex-
ican Government, that negotiations shall forthwith com-
mence for the conclusion of a peace just and honourable
to both parties. Should this offer be received and re-
sponded to by the Mexican Government in the same
frank and friendly spirit by which it has been dictated,
he will immediately dispatch an Envoy Extraordinary
and Minister Plenipotentiary to the city of Mexico, with
instructions and full powers to conclude a treaty of
peace which shall adjust all the questions in dispute be-
tween the two republics. If the Mexican Government
should prefer to send a Minister to Washington to con-
duct the negotiations here, he shall be rec-ived with
kindness and respect, and every etfort shall be made to
accomplish the object of his mission with the least pos-
sible delay.
" In the present communication it is deemed useless,

t
and rhi..;iit tlieuss the crinii,ol nf'
'VtLC. MIS deity ur der, ai
r.‘stor, v titm of ice. past is rth endy consign"' to"
history—the future? and i• Providence, is within oar ow
power.
Tne occasion, may, however, be embraced to stat,e.
that the President has ever cherished the kindest fee!
inks for Mexico, and that one of the first wishes of his
heart is, that she may be a powerful and prosperous re".
public, in perpetual amity with the United States.
" Commodore Connor will transmit this dispatch fot
your Excellency to the Governor of Vera Cruz, unde;
a flag of truce ; and you are respectfully invited r.
adopt the same channel for communicating your wow:
" I avail myself of the occasion to offer your
cellency the assurance of my most distinguished
co°9/
ration.
" JAMES BUCHANAN?
The papers were read and referred to the Cote,
mittee on Foreign Relations, which, on the follow in
de g
(lay, reported two resolutions—one expressing :
sire for peace, and the other resolving that the Pr
esi;
dent's desire for an appropriation should be gamma,
After debate, Mr. Haymegan presented an t
ment, resolving that the Senate, with their presen
information, declined giving any advice. These file;
solutions were debated and then referred back te
Committee on Foreign Relations, and on the ne:
day—Thursday, the 6th instant—Mr. MTuffie I.`".
ported the following resolutions :
" Resolved, That the Senate entertain a strong .desreiad
that the existing war with Mexico should be tern:lloP;
by a treaty ofpeace, just aad honourable to both nati°°,4:
and that the President be advised to adopt all POP-
measures for the attainmen of that object.
" Resolved further, Thatt the Senate deem it advisabnie
that Congress should appropriate a sum of money We,i;
able the President to conclude a treaty of peace,_
and boundaries with the Republic of Mexico, and t,°,
used by him in the event that such treaty should ran i
the expenditure of the money so appropriated, or
part thereof."

THE INDEPENDENT TREASURY BILL' the
This great democratic measure, a favourite of
famed " Baltimore Convention," has passed both filo
and been signed by the President. It is very long, ,t,
fortunately I am enabled to send you a brief abetr:ief
which is certainly correct, as it was prepared by the c"
clerk of the House of Representatives :
ABSTRACT OF THE SUB TREASURY BILL.
O
Section 1. Defines what is the Treasury of the IT
States.
2. Makes Mints at Philadelphia and New Orl°
depositories er
3. Rooms in New York and Boston, prepared Oa
former Act, to be used under this Act.
4. Rooms, &c., at Charleston and St. Louis, same'

5. Assistant treasurers to be appointed.
6. Money to be kept by all persons receiving 511;
without loaning, u.,ing, depositing in banks, or exchis
ing for other funds, except as allowed by the ACE.
7. Treasurers, &c., to give bonds.

8. New Bonds to be given and required. bl
9. Collectors and receivers to pay over Wile/ vr•
direction of the Secretary of the Treasury or Postoas6
General, once in each week.
mond
10. Secretary of the Treasury may transfer
from one depository to ant the r.
11. Agents to examine books and accounts of ,derri,ing
sitories, to be appointed by the Secretary of the -`„
sury, and to be allowed $6 per day and travr.
expenses. ipe
12. Naval officers, surveyors, &c., also to Oa rot
books, &c., of assistant treasurers, &c., each quarte
oftener if the Secretary Of the Treasury think proPGr'
13. Depositories to have clerks, &c. &fr
14. Balance of present deposits may be transfers e 4,
15. Marshals, district attorneys, &c., may Waken,: or
ment to the treasurer of the United States Hints—
sistant treasurer. of
16. All persons charged with keeping, transferring; of

disbursing public moneys, to keep in accurate °lli')
sums received, and of each payment or transfer---°°depte
be converted to their own use, invested, loaned, ppik
sited in any bank, or exchanged for other funds-4"
ties and proof.
17. Rooms to be procured where there are none'
0.00
18. 0 t the Ist of January, 1847, and thereafter,'
ard s"lver only to be received. OO4
19. On the Ist of April, 1847, gold and silre-
Treasury notes only to be paid out. d 0P
d
20. No funds to be exchanged except for geol_,
silver—when gold and silver is furnished, it shall v' If?
out—when in drafts they must be presented at Ode
of payment and properly paid, and payments to beecti4
in money received for such drafts, nnless in either
an exchange can be made for gold and silver at r
Penalty. eedi
" ' \force 5.n400

21. The Secretary of the Treasury to enfo_ -s''
presentation and payment of drafts at the placeeioia
payable, and to prevent them from being a cru
st
medium. If officers sell for a premium, they 11l
count to Treasury.
22. Regulates salaries of assistant treasurers, &"
provides they shall not charge fees. tree
23. Appropriates 5,000 doll. for repairs of silt/.
suries, &c.
24. Repeals all laws repugnant to this.

COMMERCIAL INTELLIGENCE'
(From the New York Morning Express.).
NEW YORK, AUGUST 10, rs-stli
Since the sailing of the last packet Congress Ms O.
journed, and business once more is done withool,o
drawbacks caused by a continual agitation in Cong';re•
All the great measures of 'he season were passeil.nroet
vious to the sailing of the last packet, and the ree3Bl-$Oll
of the pr.lceedings of Congress are of little interes
the other side of the Atlantic.
The refusal of Congress to appropriate a 613,„rlise0
2,000,000 dollars "to buy a peace with Mexico, 1;00'
with general approval. While this is approved,
mendation is not withheld from the course of thor,
sident, in proposing, through Commodore Ceent.oslri
open a negotiation for peace—maintaining and r' ltie%°
to surrender our hostile position—thus proving °our
ico, that while at all times willing to make an 11'?„ti011ii
able peace, it is not because we are unable to cl)..
the resort to arms. Destv
The diminished means of the Treasury depict:el
is not without its effect in producing a desire I`Pras if
9
on the part of the Administration, which now 11-,,
self in a rather difficult Our ready 111°,4;t
diminished to 11,000,000 dols.„ while our "„-0017'1
17,000,000 dols.; our Treasury it,atingdebt 468,00 sor
and au emission of 10,000 000 dols. more of o,(ltbee
dered. The expenses of the war are large, and toic".
propriations are not less than 50,000,000 duls., to tfr
will not cover the bulk of our expenses preiri°,.°sbeoli
meeting of Congress, three and a-half months
The Treasury department is already
suffering 1.- coor
e means, and two months ago, as we now aiseu-
vet', self
menced the issue of notes or draughts, that fr°p os ,rega
size enter into circulation, and from their wilt': tlj
mittances will keep out a long time, and thus relic
Treasury of its pressing wants.
oes •
It has been decided that the Warehouse 13111 Loortior
operation at once, and, as a matter of course, „eOl,,
tions made now can be stored and take the velreso,l
the low rate of duties. The Government has; be;`ii
secured buildings for this purpose, and many 14° his PP:i
taken the benefit of this Bill. The operation of IP. oP"
will be 01 great benefit to the foreign manufacturer;io
the passage of the Bill, in connexion with the.„o9lr
drawal of the protection before given to our home
facturers, is to be regretted. The passage of the
_A olit
house Act would, of itself, have largely increanlo
imports, and under the low duties will stimulate the, fat
an unhealthy degree, not only for the country,
the makers of a similar kind of goods here. „slii
In relation to the cotton crop. we refer to Oa
trade circulars, which will give all the details that
interest.lf
• 1.111'.,it

_'he wheat harvest of the south is about at en ',.of
well as the harvest of this state. The wheat e'd pfulf
abundant, and the coarser grain not yet harvesteopf;
mises an amount of crop that will enable us to rice j
any demand for England at a low price. The 3.3
flour now rules very low in the market, the best uceorree
selling at 4 dollars the barrel, and wheat at a

ponding rate.
COTTON CIRCULAR FOR THE STEA3lErdl'
NEW YORK, FRIDAY, tj'
110,
(Liverpool Classification.)
sew Oir,
Uplands. Florida. 351obile,t,
Inferior ... 7i to —to --
„, to
Ordinary ... 7i to 7* 7 2-3 to 7g. 43. to ''k
Middling ... 7i to 74 7i to 7; to a—
Good Middling ... 7; to l A 71, to 8* ',I to al
Middling Fair ... 8i to 8# 8# to 8s A" to
Fair 8} to 8# 8} to 84 to 4,1
Fully Fair"
... 8# to 8* to 9# 9to )13
Good Fair 8i to 9 9* to 9# 91 to
File... none none IIP leo.
0 00
000
••• ••• ••• 69000
••• ep
••
110
Oil
Receipts at ports of the United States since Sept-
1, 1845 ..........
Receipts at ports of the United States at the same 1409'
time last year . .
Receipts at ports of the United States at the same 013' 4
time the year before
Exports from the United States since Sept. I, „
1845
Exports from the United States at the same time 0.01-,
last year
Exports from the United States at the same time 1,601?
the year before
0? •

Receipts since Ist instant
Exports ... •
Taken by spinners
Taken on speculation
Stock in city
Amount on sale ...

EXCHANGES. FREIGa-- Zc•
Paris 5 3si to 540 Liverpool ............ to°
London 1 07i to 1 07i Havre ............... r
e
REVIEW OF THE MARKET. Li
The steamer Cumbria, which sailed hence .for 4e,,r)
pool on the Ist instant, carried out accounts e'fooPeri
strong market here, produced mainly by the nee fic)tdol
ba~i
ab'e appearance of
retat
a—hanuansesrirneorcaaoi
notycit
rather
lei ihvryne(
ag fluctuated
and
u easiere
nccrop.vßdteuor
business,
a,st
tett
aneworTdnmoi
ri
r: ;c:
;Ihrt
as
It
1:::oteet
orot4l
in my circular for that packet, has been follows -erlse."ol
an
l
cdrlTb
(e sea::
a.
difference
ildlanon:cttieorhepseeahitrroaaovf. comparative
betweenvvuilohy up:
Hibernia, with Liverpool dates to the 19th IP", ved
received here by telegraph on Monday, 3d iin.--loetf
accounts were not of that satisfactory charao'-001
for by operators generally, as holders at LiverPbe
peared disposed to supply the market freely at •trot.. eye
rt ncy then ruling. Early on Monday, the 101 h lAoso
steamer Great Western arrived with Liverpool.,
the 25th inst., which advices being less flatter ,Ds lose
than thi.se by the previ.us steamer, the operalere 'l4/
been checked in a great degree, as holders rope,
withdrawing their supplies, except at the n
eve full cut oor,
previously existing, and are small sellers, ilito
rates. In fact, if cotton is no better under the n.

'cc., $134
ib.treV