Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1846-05-01
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{ Y.}urlluNton.3
FRIDAY MORNING, MAY |, 1876.
FROM WASHINGTON.


Convention Of Oct. 30, 1918, between this
country and Great Britain, relative to the
rights Of the subjects and citizens of the two
countries in the Oregon Territory, solicited
Of Congress by the President in his annual
Message, has at length, after four months
debate, been granted, by joint resolution
which has passed both Houses. 1t received
the signature Oft tie Speaker of the House on
Friday, and having been passed by the Sem
ate as amended, II will doubtless receive the
signature of the Vice Pres ident to-day
The authority thus granted having been re.
quesled by the President, and the negotiation
having been suspended, TO await the rcsul; Of
the debate on the question, it is probable the
notice will be given without delay, although
it is left at his discretion to defer it. 1t re-
mains to be seen, how far the views Of the
President, in regard TO the extent Of claim
which he will insist upon, and modified, either
by the terms Of the resolution, or by the opin-
ions which have been expressed by members
Of the Two Houses, in the course Of the de-
bate. Until this shall be known, it is diff
cult TO conjecture what will be the effect of
the notice upon the future progress Of the
negotiation. Our apprehension is, that the
advice implied in the clause of the preamble
10 the resolution, which suggests IA more earn.
est direction Of the attention Of the two Gov
ernmen,s TO aspeedy adjustment of the con-
roversy, will be thrown away upon Mr.. Polk
and Mr.. Buchanan, and that the pacific vir-
tues Of the senatorial debate, and Of the res
olulion as modified, will fail of their antici.
pa,ed effect.
A correspondent of the New York Courier
g. Enquirer, abiding to the dispatches Of
Mr. McLanc by the Caledonia, remarks that
he understands "ihey are less satisfactory
than any heretofore received, arising proba-
big from the fact that the Government of
Grca, Britain would take no steps, nor con-
slider the matter in any way, ill the action OF
Congress was known. This they will be IN
formed Of by the Caledonia, and the rcsul,
must be either the renewal of negotiations,
on the tender of the President, or upon in
quiries as to our purpose, which the notice
must, in the absence Of explanations, elicit"
There are good reasons for believing that no
communication whatever had been made by
the British Government to Mr.. McLanc, in
relation to the Oregon question, and that
none will be until after the results of the late
congressional debate shall be made known 10
the British Government. A month must
therefore elapse before we can expect TO hear
of any progress in the negotiation.
Sus-TREAsuRY BILL.-The following is
the rcpor, given in the Washington Union,
of the reply of Mr.. LOWS, Chairman of the
Committee of Finance to the inquiries pu, in
the Senate Chamber by Mr. Webster. Mr..
Webster asked at what time il might be eX.
pectcd that the Committee would make its
report on the subject of the independent
treasury bill; whether it would be reported
with amendments, and if so what would be
the nature, and finally when it was probable
that the subject would come before the Sen
ate for consideration.
Mr. Lewis said | am happy to have Tin my pow
er TO repy 20 The questions of the distinguished sena
Tor from Massachusetts,, so far as the Committee On
Finance have had the subject under consideration
cannot, however, saw at what lime INC sub treasury
bill will be reporied back 10 The Senate. The com.
m,tt,e hayn determined to give precedence in the
action of the Senate, to bill reported by the honor
able senator, from New York, Mr. DIX for esrab'
lishing a warehousng system ms bill has been
urged on the committee by commercial men ms n re-
medal measure in its tendency strongly calculated
TO relieve any pressure which might otherwise result
from a precipaic sudden lntroiucllon OF the spc'
Gle clauses Of the suh-tfoasnty. In addltun 10 the
warehau.ine bl, the committee propose TO precede
the action m the sph-ueasury by bills TO establish
branch mints al Charleston and New loTk-nens-
ures which have also been urgel nom rtsNecable
comm rIal sources in Their tendency calculated to
facilitate The Introduction of specie payments mo the
treasury. So far any or all oi these measures are
calculacd 10 allav apprehension IN the public mind,
they will receive the cordial support OF the commit
tee IL is certain sir that from the very reason we
have not now subrra,ury IN operation, large
amounts OF pu' lie money have accumulated IN drpos'
lite IN the banks. THIS amount, not less IMAM eleven
or twelve millions. has lecome the basl> OF mnch
LARGER paper circulation, while the reception OF paper
| money in the ues of the government mas ~ hddl
Inn M other causes considerably expanded the ag-
pregate circulation Of this country so much SO, as To
create an adverse .ate Of iorean eNcnhhees ahu n,
n time too when the monetary cohulllon Oh rheiahd
is far from being settled and easy Under ihtse cur
cumsf,nccs The COMMITTEES, while majority of them
are IN every way favorable to what they ptlle'e me
only constitutional mode OF coltcung delos'Hhghnd
disblrsing what they believe 10 ne 'he ohly currency
known To the constitution are most anxious mat TINS
change shall be effected IN a m'nner to produce as
I,t, nrc.sure as possible on the commercial ccmWu