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 mid
honourable for both parties.
"It is probable that the chief obstacle to be sur-
mounted in accomplishing this desirable object will be
the adjustment of the boundary between the two Re-
publics, 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
Mexico.

" 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
wait for the whole sum, the payment of which may be
stipulated by this treaty, until it could be ratified by our
Senate, and an appropriation to carry it into effect made
by Congress.
" 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 precedents
for such a proceeding exist in past history during the
Administration of Mr. Jefferson, to which I would 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 be applied uader the direction of the Pre-
sident of the United States, who shall cause an account
thereof to be laid before Congress as soon as may be ;
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 the
treasury; and I should hope a result in this respect
might be similar on the present occasion, although the
appropriation may prove indispensable in accomplishing
this object. I would, thererore, recommend the passage
of a law appropriating 2,000,000 dolls. to be placed at.
the disposal of the Executive for 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 Mexican 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 CONNOR.

" 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 an open copy of the
same 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 dlermine to accept the offer, arid
enter upon negotiations, it may, and probably will, pro-
pose to you to conclude an armistice during their pen-
dency. If such a proposition should be made, you will
promptly, but kindly, reject it, giving, at the same
time, every assurance that the President will do all in
his power to bring the negotiations to a satisfactory' 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 losenearlyall the ad-
vantages of an entire campaign. Besides, this sacrifice,
as it might be, would scarcelyequal 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, Commanding the
Naval Force of the United States in the Gulf of Mexico."

TO HIS EXCELLENCY THE MINISTER OF FOREIGN RE-
LATIONS OF THE MEXICAN REPUBLIC.

" Department of State, Washington, July 27, 1846.
" Sir,—The President of the United States, no less
anxious to terminate than he was to avoid the present
unhappy war with the Mexican Rimblie, 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 received with
kindness and respect, and every effort shall be made to
accomplish the object of his mission with the least pos-
sible delay.
" In the present communication it is deemed useless,

and might prove injurious, to discuss the causes of the
existing war. This might tend to delay or defeat thteo
restoration of peace. The past is already consigned I,
history—the future, under Providence, is within our ovi
power.
The occasion, may, however, be embraced to state
that the President has ever cherished the kindest fre!..
ings for Mexico, and that one of the first wishes of 11_1:
heart is, that she may be a powerfal and prosperous re
public, in perpetual amity with the United States.
" Commodore Connor will transmit this dispatch der
your Excellency to the Governor Vera Cruz, 11 eto
a flag of truce ; and you are respectfully er
invite"v r.
adopt the same channel for communicating your aT,s %
" I avail m 3 self of the occasion to offer your ~
cellency the assurance of my most distinguished 001
ration.
" JAMES BUCELANAN."
The papers were read anti referred to the Co
mittee on Foreign Relations, which, on the followiineb,
clay, reported two resolutions—one expressing' a usi,
sire for peace, and the other resolving that the-rr,.e_d.
dent's desire fir an appropriation should be gran.
After debate, Mr. Ilannegan presented an aulennt
nrese-
ment, resolving that the Senate, with their r re.
information, declined giving any advice. These the
solutions were debated and then referred back to
at
Committee on Foreign Relations, and on the e,
day—Thursday, the 6th instant—Mr. M`Duffie
ported the following resolutions:— Aesire
"Resolved, That the Senate entertain a strong:A-
that the existing war with Mexico should be termina-,
by a treaty of peace, just sad honourable to both Datil;
and that the President be advised to adopt all PNre
so appropriated, measures for the attainment of that object. • able
" Resolved further, That the Senate deem it adv's „„.
that Congress should appropriate a sum of money emits
able the President to conclude a treaty of
and boundaries with the Republic of Mexico, and sifot
used by him in the event that such treaty should ea' sot
the expenditure of the money• or
part thereof." peace, robe

THE INDEPENDENT TREASURY BILLi the
This great democratic measure, a favourite 0 es,
famed "Baltimore Convention," has passed both W1;0
and been signed by the President. It is very I°ll°',.set,
fortunately I am enabled to send you a brief shtbief
which is certainly correct, as it was prepared by the
clerk of the House of Representatives :
ABSTRACT OF THE SUB•TREASURY BILL" United
Section 1. Defines what is the Treasury of the
States.
nrleses
2. Makes Mints at Philadelphia and New --
depositories oder
3. Rooms in New York and Boston, prepared 11
former Act, to be used under this Act.
4. Rooms, &c., at Charleston and St. Louis, Wee'

5. Assistant treasurers to be appointed. .oe,
6. Money to be kept by all persons reCeiViligel
without loaning, using, depositing in banks, or e
ing for other funds, except as allowed by the Act*
7. Treasurers, &c., to give bonds.
8. New Bonds to be given and required.
9. Collectors and receivers to pay over ni°ll',:ister
direction of the Secretary of the Treasury or Postru"
General, once in each week.
—oael
10. Secretary of the Treasury may transfer
from one depository to another.
cif
11. Agents to examine books and accounts 0f Pr
rireo'
sitories, to be appointed by the Secretary of the ilia
sury, and to be allowed :6 per day and traYe
exp
12es. sallee
. ens Naval officers, surveyors, &c., also to Or.ter of
books, &c., of assistant treasurers, &c., each Vaa-.
oftener if the Secretary of the Treasury think prop
13. Depositories to have clerks, &c.
4. Balance of present deposits may be transferee
15. Marshals, district attorneys, &c., may nitk : or P.
ment to the treasurer of the United States
-lil3`"
sistant treasurer. or
fe rring'
16. All persons charged with keeping. trans
ntrf of

disbursingpublic moneys, to keep an .saccurate ellot
sums received, and of each payment or transfee7cliclePe,'
be converted to their own use, invested, loaned'ooo.
sited in any bank, or exchanged fur other funds--.`
ties and proof.
17. Rooms to be procured where there are 00:!,. gol4
18. Oa the Ist of January, 1847, and theres,-", A
and slyer e
only to be received. ;if tor!"
19. On the Ist of April, 1847, gold and s"
Treasury notes only to be paid out. old 1
20. No funds to be exchanged except for goiepola
silver—when gold and silver is furnished, it bblrit Pl3Ac-8
out—when in drafts they must be presented atbe 09'"-
of payment and properly paid, and payments taqier ct
"
in money received for such drafts, nnless an ea, par'
an exchange can be made for gold and silver a
Penalty. P°df
21. The Secretary of the Treasury to enforce p 5 vibe!,
presentation and payment of drafts at the Plge-totioe'
payable, and to prevent them from being a eirarett t
medium. If officers sell for a premium, they 5
stifi
count to Treasury.
22. Regulates salaries of assistant treasurers,
provides they shall not charcre fees. btrer
23. Appropriates 5,000 doll, for repairs of su
suries, &c.
24. Repeals all laws repugnant to this.

COMMERCIAL INTELLIGENCE'
(From the New York Morning
Express.)
NEW YORK, AUGUST 10, rs
Since the sailing of the last packet congressb;',t the
journed, and business once more is done witn°-erefo
drawbacks caused by a continual agitation in et/Liirpre;
All the great measures of the season were passe lode"
vious to the sailing of the last packet, and the reoo oa
of the proceedings of Congress are of little /acre e
the
T ot er
h side of the Atlatic.
he refusal of Congress to appropriate a iitleetg
2,000,000 dollars " to buy a peace' with Mexie°l, eoar
with general approval. While this is approveue
mendation is not withheld from the course of th nor, t°
n.
sident, in proposing, through Commodore Cacnrefusicv
open a negotiation for peace—maintaining and to ger
to surrender our hostile position—thus proving wont;
ico, that while at all times willing to make ID 00°
able peace, it is not because we ate unable to c ;
the resort to arms. artnie,an
The diminished means of the Treasury uel3-1. pen';
is not without its effect in producing a desire lots tt
on the part of the Administration which nOweild
self in a rather difficult position. bur ready "' debt .1
diminished to 11,000,000 dols., while our „oodol"
17,000,000 dols.; our Treasury floatingdebt 468,vte, or
and an emission of 10,000,000 dols. more °Evil the ,_9„11;
dered. The expenses of the war are large,,a'L
propriations are not less than 50,000,000 ac:"u's to tm
will not cover the bulk of our expenses Previt°lls ben
meeting of Congress, three and a-half Incti" for 01"
The Treasury department is already sufferi/ver, c°l;
of means, and two months ago, as we nog' ~.distefrora
meneed the issue of notes or draughts, I:Li:value as ;lie
size enter into circulation, and from tiler, s relieve
mittanees will keep out a long time, and
to
Treasury of its pressing wants. gces
It has been decided that the Warehouse impor
01
operation at once, and, as a matter of course, _cot
o
tions made now can be stored and take the peu,eacli
the low rate of duties. The Government has l'ihere
secured buildings for this purpose, and rannY g°°`' .011'
taken the benefit of this Bill. The operation of tb_15,04
will be of great benefit to the foreign manufacture
the passage of the Bill, in connexion with .ee r
drawal of the protection before given to our home
facturers, is to be regretted. The passage of the „i
house Act would, of itself, have largely increeS` tO
but imports, and under the low duties will stimulate wit fu-
an unhealthy degree, not only fir the country,
the makers of a similar kind of goods here. u 5"" f
In relation to the cotton crop, we refer tooa.
ore
trade circulars, which will give all the details that
interest.
Th-

xt end:ro

ne wheat harvest of the south is about at al; crop
~„'
well as the harvest of this state. The wheat
abundant, and the coarser grain not yet hatve°--0071
wises an amount of crop that will enable us to
rice o
any demand for England at a low price. The Seoege°
flour now rules very low in the market, the hest corgi
selling at 4 dollars the barrel, and wheat at
ponding rate.
COTTON CIRCULAR FOR THE STEAIegY3I'
NEW YORK, FRIDAY, d'
(Liverpool Classification.) 00
-soy s',e/
Uplands. Florida. to gi
Inferior ... 7* to —.— to --7 A to ;i"
Ordinary ... 7a to 7; 7 2-3 to 7,1 tf
Middling ... 7* to 74 74 to 8' to
I‘Gloidoddli AnlgidFdlaiinrg
7▪
8t ttoo 81 78
tot o B*B to 9
to
91
Fair •-• ••• to 8a to 84 ato ,01.
Fully Fair ••• 8,1 to 8* 8* to 4to
Good Fair 9 12J.
... Si to 9 04- to 9a 11 tols.
Fine ... •
none none 13:
• Ogn
..•
•• I'ooo
• 4%00
• 13$1
.•• •••
11°
Receipts at ports of the United States since Serf.' 2,0,7-'
1, 1845
60
Receipts at ports of the United States at the same
time last year .......................................... 565
Receipts at ports of the United States at the same 2,013'5
time the year before ........... . ........ . .....
d) 9
Exports from the United Sept'
1845 . ........................ .... . ............. 610
Exports from the United States at the same time 2,074'
last year
Exports from the -United States at the same tine 1,601,1
the year before ........................................ 14'
. to c,
EXCHANGES.
Paris ...... ..... 5 384 to 540 Liverpool . ........... to
London 1 07i to 1 071 Havre ..............
.ver,
REVIEW OF THE MARKET• for erf
The steamer Cambria, which sailed hence of t' -tv
pool on the Ist instant, carried out account: toravoinee
strong market here, produced mainly by th,,,oce 0401
able appearance of the coming crop. Th° 3-:ea 'lea
in my circular for that packet, has been folio! eolap
by a comparative pause in business, which hatwo T.
purchasers to buy on rather easier terms, Yotth °Ol
be said to have occasionally fluctuated Offet,
dcoiffnet.reinnetehebiertwfaeveonura—nnaoct,tilvleowaenvder,amllorileitelieo
sinte•
tli.fier4
The notice of the arrival at Boston of tn,ticoov
Ilibernia, with Liver l
received here by telegraph on lllon 3d jest- i‘ect
ha:yl,9th t"
acter gp•
poo dates to
accounts were not of that satisfactory chare.ernoox
for by operators generally, as holders at
_Li% rti c the
pared disposed to supply the market freelout; to
rency then ruling. Early on Monday, the i 00l datlefi
steamer Great Western arrived with LiverPtterifig e
the 25th inst., which advices being less illeatiovg have
than those by the previous steamer, the olriers here
_ci
been checked in a great degree, as ho curren,so
withdrawing their supplies, except at the thn,
previously existing, and are small sellers, 51l iot
rates. In fact, if cotton is no better under tII

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