American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1846-06-18
Republican,
AND
BALTIMORE CLIPPER.
THURSDAY MORNING, JrNn IS, I846.

gusuls which we publish to-day, 1t VIII ne seen
fhltthe war with Mexico is costing the natien
? large sum of money; and that the existing
revenues are entirely insufficient to continue
its prosecution. The estimates Of the depart
rnents make the deficiency which will exist on
the S0th of June, lS47, about nineteen mil
Ions of dollars-and we may safely set down
the sum which must be raised within that Pc
Rod, over and baoye the ordinary revenue, at
twenty millions of dollars. A part Of this
amount, it is supposed by the President and
Secretary of the Treasury, can be raised by
diminishing the duties upon certain articles,
and by laying duties upon articles which are
now free-the balance must be obtained by
loans, the issue of treasury notes, direct taxa
ton or an excise. Loans and treasury notes
are recommended; but it must be evident, that
continuance of the var will inevitably COM
pei a resort TO direct taxation, and, perhaps,
an excise also. We believe that the DISPOSE
ton is general, to sustain the administration in
the prosecution Of tho war to an honorable con-
clusion, however unnecessary and ill-judged
the removal of our troops to the Rio Grande may
have been deemed by many. But we alsoithink
that the desire is as general, that the war shall
terminate as speedily as possible; and hence
the Federation of the willingness of the Presi-
dent to conclude peace between the two ma
lions will be received with appreciation. We
yesterday suggested the propriety of officially
tyiir IN tho MnNipon nj
disposition to close hostllites by an honorable
settlement of differences, and we repeat our
conviction, that it would do more to elevate US
as a nation in the eyes Of the world, than all
the battles which we may gain. We are wa
gng war at an expense of about forty millions
Of dollars Il year, sum which, if exacted from
Mexico, never can be obtained, as she is alrea-
dy involved beyond her ability to pay We
have engaged 10 this war proteSsediy, to obtain
payment Of certain indemnities due to us by
Mexico, amounting to some three or four mil
lions o. dollars, and for the establishment of the
boundary between the two countries, and shall
pay some forty, perhaps hundred millions of
dollars to obtain these two objects, if they be
all we seek These are the ostensble objects
oc.Aa war, but the real motive is, to acquire
California. Even with this additional induce
meat, we must be careful or we shall "pay too
dear for the whistle" We believe that, UNI
der present circumstances, California might be
obtained for a consideration, probably much
less than it may iSally cost to conquer and re-
tain it; and it wohld certainly be more agree
able TO acquire it in peaceable than in for
chile manner. The experiment is worth being
tired
TIE CONDITIONS. The Oregon treaty which
las been submitted to the Senate, will probably
have been confirmed before the publication of
to-day's paper but the precise stipulations of
the treaty may not be officially made known
for some days to come. In the mean time we
extract from the letter of the Washington cor
respondent of the n, York Gazette and Times,
the following summary of its provisions, with
the belief that it will be found to be accurate.
The treaty is said 10 consist Of five articles, viz:
Mt /. Defines the boundary--49' to Queen
Charlot,e's sound, thence southcrly through the
Straits Of Fuca to the Ocean.
,4,t 2. The navigation of the Columbia to
be free during the continuance Of the Charter
Of the Hudson's Bay Company. If that Char
ter he renewed this provision also TO be renew
able.
.4rt. S. The rivers, ports, and harbors north
of the ~ to be free TO the commerce Of both
nations.
mt 4. Indemnity for the Forts and Trading
Stations of the Hudson's Bay Co. south OF
40 and of the Americans north Of the same if.
any there be.
.frt 5. Indemnity for private property of.
citizens OF subjects who may be south or north
Of Az if they wish 10 retire within their own
territory.
Just and honorable as these conditions are,
they were opposed by some ten members of
the Senate, who desired TO establish the eight
ing line" at "a 40, But good sense has pre-
vailed over folly, and peace between England
and the United States will be preserved, not
withstanding the ridiculous claim which was
set up by some ultra politicians, to "the whole
Of Oregon or none' The Senate has saved
the nation, in all probability from 4 scene of
sblood and carnage" which would have shock
ed humanity.
BoMBARDMENT OF VERA Cruz. 1t is said,
with what truth we know not,) that govern
ment has ordered, or will soon order, our fleet
TO lombard Vera Cruz. We hope not. From
a description of the number and strength of the
Eoyt6cations at that place, it would be ssending
our men and vessels to certain destruction to
order them to attack Vera Cruz Nor is there
any necessity for such sacrifice. fit be the
object of government to reach the Mexican