The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-20
WARRINGTON, June Is, l846.
The Progress Of the Senate.

upon several tariff petitions, in which, Gas usual,
during the week,) Mr.. Webster has been the
principal actor Mr.. Webster remarked upon
these petitions, that it was a strange coincidence
that whAe we had by telegraph received news of
the Joy IN England AT the prospect of our modifi-
cation 1.-THE tariff laws, petitions should come in
from pennsylvania protesting against the destruc-
uon oil their interests, result which must follow
the passage ofthis bill This had the appearance
at least thatthis ill was better calculated TO en-
courage British interests than our own. Mr.. Web
ster also took occasion to ask MIR. Cameron if at
sundry democratic meetings in Pennsylvania,
pending the campaign of 1874, there were not va
rious conspicuous flags, illuminated with the gor-
POLK AND DALLAS"
TExAs AND OREGON.
AND
"THE DEMOCRATIC TARIFF OF 1872"
or, with "Polk and Dallas, and the Tariff of 40"
Mr.. Cameron plead guilty to the indictment. Mr..
Allen remarked that there was a very peculiar
difference between the opinions OF the Senator
fron Massachuset S in regard to the news by the
British steamer on the Oregon question: and the
intelligence said to have been received in refer
ence 10 the tariff. In The one case the honorable
Senator regarded the news from Great Britain
with The greatest interest," and as of the greatest
importance T; now he thinks the intelligence on
the tariff as proof that we legisatng for Brit.
ish interests. The measure, however so far from
promoting Brush interests, was designed for
equalizing the burdens upon the people and
purely in reference TO the interests of our own
country. Mr.Webster replied, that upon the Ore
son question there Were two parties to its settle
ment-that Great Britain was one of them, hence
the news OF the opinions proceedings of the
British government were of positive importance.
while the tariff question was one exclusively of
domestic economy. with which the British 20
vernment had nothing to do. The petitions were
referred to the committee on printing
40 the TREASURY NOTE AND ELL
After some conversation was taken up. snpcrse ding the
river and harbor BILL the ubtreasury and other bills
Mr. NLEs was disposed to relieve the Treasury in all
reasonable demands and therefore he favor Of the
power to reissue the Treasury notes. The financial
plan OF the Treasury for the ensuing year was on the
whole very uncertain onet will put in great diff
hcuity before the end of the year We shall have war
expenses of S24, 100000 Mr. Niles then exposed the
uncertainties of the Treasury calculations The
unaccep,el receipts from the new schemes of the Ia
rif the warehouse and The land bills AT all events
while you we're reducing your seven or eight
or ten millions you were increasing expenses 20
odd Mi lions How 10 this deficit to be raised One of
course would think you would do by raising the du
lies upon imports No such thing, sir. You propose to
thai, nr appears to me very strange one have
No ish IA the SCHEME sir faith in your enuc bill
none at ALL sir have no faith in it. II is faacous II
viii not answer even Tor the peace establishment and
WIN tne expenses OF the war we shall fall short by S20
cial affairs in very deplorabIe condition You Will
want than millions Treasury notes or loans
you Will want fifteen millions at least sir He wanted
10 see hs treasury fortified, and therefore opposed
notea ''
MIR. J, NJ. CLArroS was understood to say that the
powerto reissue would involve a deception upon the
public mind In reference to the Of the debt Great
ed by these Treasury notes.
Mr. EvaSs exhibited that the debt could not exceed
ten millions with the power reissue because the first
issue had to be redeemed before the second could be
made.
Mr.. Miller with some remarks upon the Loans and
treasury notes diyerged into general snimsdver.ion
upon the whole chain Of administrative before
the Senate.
CALHOUN entirely concurred with the Senator from
n tim Inan Mara thont
might be wanted. The power of treasury notes would
facilitate If chosen, favorable loan lowest terms
system Of finances. Taxes were the best mode Ifit
should turn out that the government will have ne 1t De.
borrow in the interim at high rate having the altsrna
tive OF treasury notes The objection to direct
suddenly and unexpectedly secondly, that the war
would probably be short hope so if not So il
VIII Dc very expensive war and very onerous
being on our most distant frontier and of invasion
viii be onerous therefore, because the money necss-
sary to carry il on viii be mainly expended in aforegn
country 1t will take large amount ofmoney out of the
country Our only responsibility is money. We have
no difficulty regarding Thousands upon thousands
60, but who shall stay behind The money the great
point IN thn engency think sir, by all means tea and
win be reported taxing these articles and to the
revenue which they will afford we owe Il to the gov
eminent and to me country to include these articles on
vlion will be acceptable in the regular hi; wonId 90
air for sseparas bill upon these profitable artics,
MIR WsssrER did not coincide with the senator fror,
hssour that the reissue OF the treasury notes would in
crease the debt created by them II would be sor, of
banking operation, repeating upon the basis the
original isscc. NV
Mr. BxsroS Commended that the power to re issue pro
yided not the authority Tor debt of ten mil lions
but oil twenty thirty. forty millions He desired 10
have 1t limited. There no clause of authority TO
re issue in any one OF the six heretofore be
ginning with the act Of lol2
AR rESSrsAexsa said the bill fairly limited to ten
millions
Mr. Bsrrss-At one time
Mr. PsrSrsacxEaNo, sir the bill expressly provides
tn at the whole amount shall exceed ten millions
Mr. Lewis hope the question will be taken, Mr.
Pr esident ' ~
Mr. wEsrcorr declared his opposition to the power Of
re .issung these treasury notes
Mr. DArroS rose to q lew remarks.
Mr. Lrwn appealed that the Senate take up the regu.
lar order. - ~ -
Mr.. DArros-I call the senator to ordsr. air.
r. Lsww-l think it is in order, sir to move TO no
sum the special order Of the day.
Z. DArroN--Not when have the floor sir Mr.
y Ton then declared that he desrous Of holding the
som ins'rsuon to the closest responsibility to the
III u' ana that he was Ia favor Of the amendment
"a, CAssRov thought the senator from Missouri &c.
neIs Clearly in the right, clearly In Inc
down all the banks. ""''o '''"~
Mr.. s,sIesr dn his seat that would be- very strong
lpduc cmsnt Tor the adoption OF the nr;,cinI. 80 1919
MIR. YuLEs submitted an amonlmsnt rprnr;a;n~ G. .
TAX ~ per cent upon tea and coffee Tor Ia o,h.r
words Ia troiucing impracticabe fa ssnsn. ~ ~
I<rh Dill in bill for borrowing money ana ,ss,nss
Treasu ry shin plssters. ' issuing
Messrs EvAss, DArTor, and CRrrrrsprs br;se, a;s
cssed the general principles of the bill "S oiS
r eHv was opposed to the power of repeasn1 Al.
ssue ths notes. because disguised the amount Of IN
dsotsdn ess and secondly because was sort of bsns
ng ops ration part Of sIysssn entirely opposed to Dem