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

SENATE.

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 tariff to a revenue standard, imposing duties on free
articles, and modifying the duties on others. Additional
authority is asked for the issue of '1 reasury notes.
The Secretary's report was also read. He estimates the
deficiency in the revenue for the next fiscal year at 19,620,000
dolls., but anticipates receipts from various sources, which
will reduce this to 15,000,000 dolls., leaving 4,000,000 dolls.
deficit.
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 30,000,000 dolls., but
leaving still the deficiency mentioned of 15,000,000 dolls.
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 12,000,000
dolls. 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 interest 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 understood to be concerning
the treaty. The southern mail did not connect at Washing-
ton to-day.
HOUSE OF REPRESENTATIVES.

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 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
Senate for executive and senatorial supremacy and for secret
conclave, by which to hide their proceedings from the public
under the midnight veil.
On the motion to send the rules, the- yeas were 35; nays,
156. So the motion was lost.

The House then went into Committee, and proceeded with
the Indian Appropriation Bill.
Mr. Pilsbury, from Texas, defended the Act of annexation,
and the movement leading thereto, from the assault of Mr.
Culver made yesterday.
Mr. Stevens made an eloquent speech, reviewing the
cause of the Mexican war, in the course of which he paid a
high tribute to the exalted genius and statesmanship of
Daniel Webster, and his recent triumphant vindication from
his slanderers.
Mr. Leake was left speaking.

MR. BUCHANAN'S COLLECTION