The Sun.
London, England, 1846-07-06 00:00:00

LATER FROM AMERICA.

By the arrival of the London line-of-packet ship
Quebec, Captain Hebard, at Plymouth, we have re-
ceived New York papers to the 18th June, from which
we copy the following extracts :

THE OREGON TREATY.
PROCEEDINGS IN CONGRESS.
IN SENATE.

WASHINGTON, JUNE 16, 1846.

THE FINANCES OF THE COUNTRY.-WAYS AND MEANS.

A message from the President- was sent in this morning,
with Secretary Walker's report on the finances and the tariff.
The President states that the increase of revenue rendered
necessary, by the war with Mexico, can be met by reducing
the duties to a revenue standard, imposing duties on free
articles, and modifying the duties on others.
Additional authority is asked for the issue of Treasury
notes.

The Secretary's report was also read. He estimates a de-
ficiency in revenue for the next fiscal year at nineteen mil-
lions six hundred and twenty thousand dollars, but antici-
pates receipts from various sources which will reduce this to
fifteen millions.

This deficit will also be reduced, if the tariff is modified
according to the provisions of the House Bill, introduced by
the Committee of Ways and Means. The entire receipts
with this modification, are estimated at thirty millions, but
leaving still the deficiency mentioned of fifteen millions.
The warehouse system proposed, it is estimated, will fur-
ther reduce this amount, and the graduation of the sales of
public lands half a million more, leaving still over twelve
millions deficit.

To meet this the Secretary recommends a resort to loans,
or issue of Treasury notes, or both, as circumstances may
render it most desirable; and at the earliest dates, and at
such rates of icterest as may be agreed upon.
The message and report were referred to the Committee on
Finance, and ordered to be printed.
An Executive message was also received, which was under-
stood to be the Oregon treaty.
HOUSE OF REPRESENTATIVES.
WASHINGTON, JUNE 16, 1846.
Opened with the usual ceremonies.
THE OREGON TREATY.

Mr. M'Dowell, of Ohio, moved a suspension of the rules,
in order to introduce a resolution embodying a protest
against the treaty in progress for a settlement of the Oregon
question.
The resolution and preamble assume that this is a question
proper for the action of the whole legislative power; for the
attempt secretly to adjust the matter while the people and
their representatives are ignorant of the terms, would be
doing injustice to the rights of the people, and "consum-
mated" no obligatory force upon them, therefore
" Resolved,—That in the opinion of the House, it is the
duty of the Senate to postpone the further consideration and
action upon the same, and submit it to the people for their
action and consideration."

The. remaining resolutions censure the President and Se-
nate for executive and senatorial Supremacy, and for secret
conclave, by which to hide their proceedings from the public
under the midnight veil.
O❑ his motion to suspend the ruler, the yeas were 35,
nays 156. So the motion was lost.
WASHINGTON, JUNE 16.
THE OREGON TRZATY.—IMPORTANT COMMERCIAL
MOVEMENTS.

The treaty was not sent to the Senate yesterday, owing to
the resignation of the Chairman on Foreign Relations. The
vacancy will be supplied by an election to-day, when the
document will be transmitted. It will be necessary to refer
it to that Committee, and their reasons for recommending its
adoption will be embodied. _ _ _ _

We learn that Mr. Walker has recovered from his illness,
and will lay his communication relative to the tariff and
finance before the Senate to-day. It will, it is said, recom-
mend a duty on tea, coffee, and other articles from 20 to 30
per cent., which he estimates will afford an increase of three
or four millions in the revenue. _ _

.......
It is said with authority that an issue of twelve millions
in Treasury notes will also be recommended in preference
to a loan. _ _

MONEY MARKET.-JUNE 16, Six P.M.

The stock market was heavy this morning, and prices fell
off a fraction. We look upon this as one of those reactions
usual upon a rising market.
At the first board Pennsylvania Fives declined per cent.;
Farmers' Loan, 1/1 ; Morris Canal, 14 ; Canton, 1 ; Long
Island, 1/ ; and Norwich and Worcester, 3/4. Mohawk and
Harlem closed at Saturday's prices, and Reading Railroad
Bonds advanced I/2.
The Exchange Bank and the Canal Bank of Lockport
have suspended. Their bills are no longer redeemed at the
agencies.