The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-16

her news may, therefore, be expected in this city
tomorrow or next day-perchance tonight.
The TariH-The Warehousing Billiard the
Sub-Treasury.
Congress has now been in session nearly eight
months, and neither of the above bills have pass
ed, and what is more, it is yet extremely doubtful
whether they will pass this session in any shape,
should the term be carried into the next. There
appears to be no union of feeling between the
two parties, or even between different branches
of the same party or between the two Houses.
The Senate has Oh its table, several bills
from the Lower House, among which are the tariff
and the sub-treasury; and while they have been
weeks waiting for concurrence, the Senate has
been dragging along slowly with the warehous-
ing BILL which is upon the eve of passing, in a
shape so defective and useless, that its repeal will
be called for in less than twelve months. The
wings have opposed this bill as it was originally
introduced, inch by inch, and although they well
knew it could not be defeated, they have succeed
ed in sticking on such amendments as make it al
most imperative. The only point in the bill Of
any value to the commercial classes, is that CIV
ing privilege of storing goods one year, and
had the time been three years, it would have
been Of some real service.
In country like this, where the tariff is al
tered almost every other year, we require a
warehouse bill Of the most unlimited and Ii
beral character If we had warehouse bill
OF that nature now in operation, there would
not be so much alarm among the importers,
whenever changes in the tariff were propos-
ed, as is now experienced Whenever reduc-
ton in the tariff is in contemplation, mporta-
tons for the time become very limited; whereas,
with warehousing system, the importations
would be more regular, as they would at all
times, be governed by the domestic demand for
consumption, and the foreign demand for expor-
tanon Our foreign trade would not be periodi-
cally interrupted, as it now is, and markets
would not at one time be almost bare of foreign
manufactures, and at another time filled to over
flowing. We have doubts about the ware
housing bill passing the House in the shape it
will be sent in from the Senate.
1t is the general impression now that there will
also be division between the Senate and the
House in relation to the Tariff bill. The debate
in the Senate is likely to be lengthy, the lead
ers of both parties must have something to say
upon the question. The Senate will not consent
TO wholesale revolution in this department Of
our commercial system, and it would not surprise
us if the notifications and alterations proposed
were lost between the two houses.
The Independent Treasury Bill appears to have
been lost sight of amidst the excitement at
tending the debate upon the tariff and the
warehouse bills. An issue of Treasury notes
for ten or fifteen millions of dollars will
without doubt be authorized, and it is posi-
BILE this may interfere with tho provisions of the
Independent Treasury Bill, as it passed the House
OF Representatives, and with the specie clause in
any shape.
1t is with regret that we are compelled to say
that All early or immediate adjournment of Con-
gress, is out of the question. The session will be
carried into September at least, and how much
farther, is difficult at present to tell.
The Mysterious Mission to Mexico-The Spe-
cial Messenger-Who Is he7
In our paper of the 18th instant we copied from
the Ns,r Orleans Times of the 26th ult., the fol-
lowing paragraphs -
AN eminent commercial house of this city has re
ceived instructions to charter vessel either for Vera
Cruz or Tampco for the purpose of conveying thther
gentleman who has recently arrived the North from
England, together with four companions
The letter to that effect, which has been exhibited
for avoiding the Havana apped to our co.
vernment at Washington for permission to proceed to
Mexico unmolested and to charter vessel with that
view at New Orleans
The request not only granted but instructions
have been forwarded to Commodore Common to fac ate
the object of the travellers, by transferring them
board of an English man-oEwar from whence they can
be easily landed at either Of the above places
The vessel will be ready leave by the July
The gentleman in question is relative of the
Mexican Ambassador in London and is waiting prob ably
at New York for dispatches by the Caledonia
now due. His movements may have some connexion
with the existing state of affairs in Mexico At all events
the inference is not improbable"
We have ascertained since our last that the
above statement is substantially correct. But the
editor Of the Times is in error when he says that
the gentleman in question (his name by-the-by
is Morphy,) is near relative of the Mexican
Ambassador in London" Such is not the case.
The similarity OF the names ofthe two gentlemen,
that of the Mexican Minister in London being
Murphy, (though native of Mexico, he is.of Irish
extracton,) is no doubt the cause of the triflng
mistake of our New Orleans contemporary.
Now, respecting Mr.. Morphy we purpose saying
word two
Like Mr.. Murphy, the Mexican Ambassador
British blood flows in his veins. But in DID, not in
new Spain, he first the light. We believe that
he was born in Cadz, some fortytw years ago; but
left il to reside in London, where he commenced
business a wine merchant 1t did not answer.
He found the trade losing one; and, eventually,
gave it up. In the old world he gave up the
contest with fortune, in order that he might con-
tnue itwith better success in the new. He came
TO Mexico; and there, we are told, as an exchange
broker, soon realized something handsome. But
now he resolved on playing higher game in the
philosophy oflfe. From being negotiator floans
he became lender of money himself. In very
few years, not many of the agiotistas of Mexico
were in better circumstances than DR.. Francisco
Morphy. Now, be it observed, he made his mo.
ney by lending funds to the government at rate
OF interest varying, it is sad from 200 TO 400 per
cent per annum, and as high as 700 per cent have
been realized by loan contractors in very short
time. AS a security on such loans the receipts at
the custom house pledged to the agiotista, who
receives his money sooner later, according as
trade is brisk. 1t is veryisedom indeed that gov