Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-04-12

cent. He called on the House TO meet
this difficulty in spirit OF harmony and
compromise. Adequate appropriation
for the defence of the country were in
dispensible. The Distribution Act
would, ipso Jacso, cease when the du-
ties were above 30 per cent. He re-
grets the necessity of departing from
the policy of this act, which he still
thinks would be wise in case of an ac-
tual surplus, which was expected when
it was passed. The paramount object
of Legislation ought TO be to re-estab-
lish the credit Of the Government, and
place it on stable foundation. The
States would be aided in this way as
much as by direct distribution. He
alludes to the depressed state of the
stock market, and It's causes-amoDq
which he places the doctrine of repu-
dlatlon-and express the opinion that
state and national credit will sink lower
and that distrust public and private,
will rapidly increase, unless the credit
of the national government should be
fully restored. In order TO give cap
italist confidence, he suggests that the
lands should be pledged for the pay
ment of the public dues, and that the
proceeds Of the sale of the lands
should be used for purchasing the
stock if it fell iii the market below par.
Justin propotion as confidence in cred
it Of TIE Government was diminished,
general distrust would pervade the
country. He soIemny enioins upon
Congress the duty of preserving the
credit aud honor Of the Government,
and closes by saying, tie Executive
can do mOre-if national faith and cred
itmust be broken, down, the Execu-
i've is not answerable for it.
WASHINGTON, MARCH 90.
There is much excitement here on II
subject of the invasion of TexasA
disposition exists to connect it 6Hth the
Abolition Question. The Abolition
lists are already on the quiUiice, and say
they will watch the Administration
closely; to see that they connive at no
expeditions set on foot in the United
States for the purpose ofaiding Texas,
or conquering Mexico and spreading
the empire Of slavery. They have al
ready accused President Tyler of an
intrigue, the object Of which, they say,
is to bring Texas into the Union, by
the exercise Of the treaty-making pow
er. 1t is acknowledged that there is
an extreme probability of a war soon
arising between this country and Mex
leo. There are now causes enough OF
collision; but, as the symphathies OF
our citizens will naturally and properly
induce them to lend their aid to their
| Texian friends; and, as the Iexican
army and its Indian allies, will be very
! apt to infringe, in some mode or other,
upon our territory or property, in the
progress Of The war, it will become diff
fcult for US to keep aloof. In the
midst of this war, England may seize
upon Cuba, and perhaps become an al
| ly of Mexico against the. United States
| We shall have stirring times for some
years to come.
| Mr.. Wise, in his speech on the Loan
| Bill, to-day, said that it was time &c
make preparation for war with Mexico
and England. We should soon have
both of these wars on our hand. Our
youthful sister Republic, Texas had
lalready been overrun with the Mexican
| tyrant, and at the same time he was full
minating insults and menaces at US,
| and keep our citizens in captivity
| lie had not gone to war with his own
means---he had neither credit nor re-
] sOurces--but he must have been aided
| by English capital and English war
steamers. For his own part he would
| demand the release of our citizens at
| the mouth of our cannon, land he would
not tamely see a Republic which we
were the first to acknowledge as an in
| dependent nation, oyerrun by the tyrant.
| Mr.. Wise said no one could tell how
this Ashburton mission would termi-
nate. But here we are, said Mr.. W.,
| without reVenue----without means oil
| defence.
| TheSenate did not sit to-day.
| The Secretary Of the Treasury sent
a communication to the House, infor,
ming them that by mistake in the last
statement of the amount of Treasury
notes issued, the sum Of ST. $40 600
was omitted! That sum is to be added
to the amount stated to be out.
The Loan Bill was taken up soon
after twelve o'clock, and Mr.. Wise
took the floor and spoke five mortal
hours. He replied to Mr.. Fillmore
+ and Mr.. Marshall---accused the Wings
of factious opposition to the Admins
tration, and of a deliberate and fixed de-
! sign to embarrass and paralyse the
Governmental to throw every thing in
to confusion;hoping thus TO gain,at last
theirfavorite object ofmaking Mr.. Clay
President. He defended Mr.. Tyler
Message,in all its parts,and called upor
| the WhiuS n onnoca II ifthev dared I,