Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-15
IN ORNING HER A l. ID.
Important from Washington-union .. snc
Conservatives and Locofocos-rro"""icoc
feat OF the Wings.


Conservatives and acknowledgements de
feat OF the Wings.
The Administration are rapidly presenting theii
measures TO Congress Thus far, there IS no appear
apee of the Treasury scheme any different foetng
from the mode,now in operation. The repeal OF the
October insalment-the extension OF the suspended
bonds, and an issue of Treasury notes are probably
all the measures that will be presented.
We learn privately that an arrangement has been
made between the Locofocos and the Conservatives
of the House, stipulating that if further harsh
measures are proposed in relation to the banks, the
Conservatives will vote with the administration on
those already proposed. The deposite banks, by
this course will remain as they are, ready TO re-
sumo specie payments fast as possible, and
continue 10 be the fiscal agents of the government
The wings will, thus, be entirely defeated On the
other hand, Mr.. Calhoun intends TO make direct
proposition TO separate the government and banks,
and il would surprise TO see the nhigs trying 10
carry that rery measure before the session closes
Every thing is in confusion and the devil himself IS
delighted with Congress.
IFroa our Cores pondent Rotischild.-No. XIX1
WAsHlSGroN, Sept. Is, '37, 2, p. nj.
In f,e Senate, this day, the Committee on Finance
reported two other bills. TO issue millions of
Treasury notes, and the other TO extend the time on
merchants bonds six months from the time they fail
due understood from the reader, who, by the by,
is unfit for his dties that this extension applies 10 all
bonds from the lst of October up 10 a certain
date and 10 those bonds which have already been
tended 10 the lst of October, months i will
send you details by this evenings slow mail. The
The Senate adjourned TO wait the further action of the
Committee.
In the House q bill to issue II millions Of Treasury
notes in not less than thousand dollars EACH
without interest, for year. and bearing five per cent
thereafter until paid, was submitted by the great
has been rrpd n 10 fpp
of the Whole and made the special order for tomer-
row The House IS now disputlng about adopting
the resostion of Mr. Adams calling on the President
for information relative 10 application of the
public Of Texas for admission into the Union.
The great question now before both houses of Con-
gress the posponement of the transfer of the fourth
instalment TO the States II will be debated simulta-
neously in the House and the Senate. They who ca
gerry passed the act of June, 1886, will find storm
bursting round their heads when least they expect It,
Disclosures of motives will be among some OF the
good deeds TO be effected by the debate upon the re-
peal of that edous law. would not be IN some
mems shoes for the world
AS question of expedlency, 1t is certainly incum-
bent Congress to decide in favor of the Executive
recommendation. But matter of justice TO the
States which have most unwsely calculated upon this
fund as belonging to them de tacto, II becomes Con-
gress weigh the subject WELL before Is determined
to decline the fulhlment of contract proiered by
the general government and accepted by the States
know that justice opposes but feeble barrier to pre-
servants. Here Is fund OF nine millions, IN justice,
the property of the States I'LL called for 1t is not
yet transferred. Now it is wanting, and the public
exgency calls for IT, What are the States 10 do that
actually built up contracts upon this money! They
nlst suffer in a contest with the more powerful body.
This narrowing down the question 10 lis real Inn
its. The lion and the fox in their dispute for the goose
which the King of beasts had IN his fancied wealth
given sly reynard furnishes apt parallel 10 the true
position of the general government and the States.
You gave me the goose voluntarily said the fox
! know did, said the lion, but now want 1t and
must hare 10.
What will he the real effect Of the posponcment of
this law viii it affect the already suffering credit
Of the States In Maine the surplus is divided among
the towns to be loaned to individuals. Wherever this
il the case. the nsn-payment OF the last lnsalmen
will do no HARM 1t will be very apt however to OPP
powerfully upon the political opinions OF those
who calculated reasonably upon coming in for share
of the spols The administration, in this respect will
lose great number of votes for after ALL tits interest,"
and interest alone that Influences sufirages
or less.
In those States were these monies were applied to
the fur,hsrance Of internal improvements, greater in
convenience will be felt Laborers will find that
their bread has been stopped, for the heaviest
works in many States will be arrested if the law be
repealed.
Into every department of society will the influences
of the postponement of this last nstament be extend
ed Here again is the party in power destined to SUI
fer a loss OF popularity.
All that the opposition has to do, is to firmly re-
sisi the temptation to bring in any measure what
ever, and TO throw no obstacles in the way. Defeat
to the present charlatans in power will be the
consequences. But the lover Of his country must be
content to suffer patiently year or two longer. Let
in the language Of Mr.. Calhoun, every patriot stand
upon his arms and wait the signal for action, with
an eve solely TO the good of the country. And when
the hour for action shall arrive let bold and steady
blow be given to the corruptions OF power. Then
will the credit Of the nation be reconstructed firm
basis by hands not itching with the desire Of self ag
grandzement. BY them will currency, uniform for
fweny-six States be provided. All this only be
done by patiently waiting the hour when patriots can
be Lifted to power.
MoRE PoLITIcAL MovEaENTs.-I.ast evening the
"Old Mems Committee met at Tammany Hail.