Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1844-11-29

From the New York Herald.
Highly Important from ~ ashington--.I
!. Movements OF the Administration during
the approaching Congress.

Highly Important from ~ ashinxton.-.I
!, Movements OF the Administration during
the approaching Congress.
We have received some intellioence from
private correspondents at Washington of ra,h-
er an interesting character, relative to some
Important movements which are contemplated |
by the present administration, growing out of
the recent elections throughout the country,
and the verdict of the people on the questions
at issue before them.
We learn that the President and Secretary
of State consider the election of Mr.. Polk and !
defeat Of Mr.. Clay as a direct approval by the
people Of the United States of all the meas
ures, both domestic and foreign, with which |
they may be identified during their possession |
of power. Tn particular, Mr.. Tyler believes
that To him and his friends, in great meas
ure, Mr.. Polk is indebted for his election
Accordingly, the recent treaty Tor the annex
alton of Texas, rejected by the Senate-the
treaty of commerce with the Zoll-Verein, al
so rejected by the Senate, are considered to
have been approved by the decision of the
people in this election, and they will be re-
newed at the next session Of Congress, and
placed before the Senate in some shape or
other. Indeed, in relation to Texas, it may
be question whether the whole subject will
not be bron ght up again and placed at once
before both Houses of Congress. 1t is the
purpose of the administration to remodel all
the commercial negotiations with foreign ma
tons, particularly with all those in Europe or
other parts Of the world that may be rivals
with England. The Zoll-Verein treaty,
therefore, is merely the beginning of a series
of neg citations founded on the same princi
pies which will embrace the whole CONNER
cal world, with the exception of England,
with whom it is supposed no treaty can be
formed. In the event of collision taking place
with England growing out of the annexation
ofTexas, or taking possession of the Oregon
territory. it is believed by Mr. Calhoun that
the breaking up of the cotton trade of the
South with England, wlich might be injured
thereby in the estimation of some, would still
be placed in similar position in connexlon
with the manufacturers of the East, provided
we had treaties with all other commercial
countries, and thereby could take the posses
sion of England in relation to the cotton trade
OF the world.
Another subject Of great Importance will
also be before the cabinet, and that is, what
is to be done or said about the tariff in the
next message? And also on other questions,
what will be said! We have every reason to
believe that a new plan for the modification of
the tariff will be proposed on somewhat SINH
lar principle, to those Of Mr.. Clay's famous
'sCompromise Bill" 1t may perhaps be pro-
posed that uniform dnty of III or 90 per
cent may be laid on all foreign commodities,
to come into operation in six months or year,
in the place Of the present tariff, and it is sup
posed that tariff, Of this description would
be sufficient to meet all the expenditures of
| 81 rI,hi oh
and he sufficiently protective to American
manufacturers. The present debt is about
twenty-five millions The surplus revenue
now in the banks. growing out of the present
tariff, is about eleven or twelve millions
nearly one half of the debt. The whole ofthe
debt is not due for fourteen years. If, there
! fore. a surplus revenue amounting to only two
/ millions year to meet these payments &C
crupd from a reduced tariff, it would be quite
sufficient to meet all the purposes OF the debt,
and meet also the expenditures OF the govern
ment.
There is another important point that will
also be brought before Congress, and that is
complete reform of the financial system OF the
government. We should not. therefore. be n
all surprised to see the recent fiscal agent
! proposed bv the President brought forw I'd
With some important notifications, and some
financial system founded on principles OF the
sonndest political science, and calculated to
keep the present banking system in check. to
as { eat anSextent and more safely than 1t
could be done by a National Bank. What
this plan may be we have not heard, and cam
not divine, bnt we have no doubt something
of the kind will be proposed.
! Other reforms will be proposed at the open
ing of Congress, probably amongst them a
reduction Of the Post Office rates-a reform
and modification of the naval systen-and
the introduction Of steam lines to Europe in
the manner attempted by France and England
/ The most important movements of the admin.
istfaton, however, will be developed on the
opening Of the next session of Congress, and
4 will undoubtedly have reference to. a revival
of the negotiations for the annexation ofTexas,
and an effort to modify the tariff and bring
down the duties to II. 90, or % per cent. II
is objected in some quarters, that the ascen'
dancy of MIR. Calhoun would lead to the de.
struction of the manufacturing interes Ste
foreign war-and to a variety of other dlsas'
trous consequences. We do not see such
, results growing ont Of that ascendancy. We
, have no doubt his policy and his views will
swell out into comprehenslveness that vii
, astonish many of those who are incapable o.
5 approaching his magnificent mind; and we
should not be at all surprised, if the conrst
: of events, he were to, following out the sys
tenn of negotiating commercial treaties with
3 all the world on the plan the ZollVerein trea
tv, and in connexion with the acquisition o.
Texas and the Oregon, to put England into
: such position as to lead to a sudden and
overwhelming outbreak of revolution in that
kingdom. In the process of maturing the E.
vents necessary to produce such contingent
CIV, the manufacturers of the East will not be
injured. but will be benefited by having Gre
) ated for them a wider market for their pro-
ducts, and the chances of obtaining the whole
cotton trade Of the world. Only look at the
necessary result of an interruption ofthe com: