The New York herald., 1846-06-04
TwENTY-NINTH CONGRESS-.

In senate.
WAsHlxoroN, June 2, 1886
Warm xrsothar Espv's yentilaor insufficient TO keep
all cool in the Senate Prayer BY the Rev M Milburn
THE wAR-rHx rISAScEs-rHE TARIFF
Mr. Lyw,, from the Finance Committee, submitted two
resolutions of inquiry upon the President; st desiring
him report to the Senate the amount of money which
will be required for the current and next Official year in
view of the prosecution Of the war with Mexico to
speedy and honorable termination Secondly, whether
CURED and not what will be the probable deficiency
what modification Of tho tariff will be required to
the collection Of sufficient to avoid the
necessity Of recurring treasury notes, loans or rect
taxation for the vigorous prosecution of the existing war
The resolutions were adopted.
THANKS TO THE ARMY THE oRASDE-swoRp TO
GENERAL TAYLOR
sword to be presented Gen Ta or and the thanks OF
Congress to him. and to the army and navy in opera
ton at the seat Of war with Mexico Gen. Houston ,
to, and Resaca de la Palma and condolng with the
friends of those who were slain in battle
The resolutions werc debated, together with the
House resolutions upon the same subject, by Messrs
Houston Sewer Atherton Breese and Cass, When on
motion OF Mr. Aheton the whole subject was referred
including the House resolutions, to the Military Conn.,
mittec.
the FISAScEs-A ACKNOWLEDGEMENTS TARIFr-A DIS
covERY MR. cRIrTENpEN.
Mr. CRIrTsspgs submitted, that the resolutions Of the
considered He read the second resolution asking of
the President to report whn modification of the tariff
for the Of the war &C. The resolution con-
fines itself exclusively to modification Of the tariff
Now there are otter measures Of revenue besides the
tariff
Mr.. LEWIS had objection to the reconsideration of
the vote, and the vote by which the resolutions
adopted recoRsidered accordingly and the resou-
lions placed again before the Senate.
Mr. CnIIrEspES moved to amend the second resolu
port what modification of the tariff or other measures
may be as most expedient for raising the ne
eessnry amount OF money for the vigorous Of
The war &c
alr srEIoHr--I hope, sir, the whole bill will be
The resolutions read with the amendments of
Mr. c.LHous.-ls that the form of the resolutions
The yicE PNnsmEsr.-They are the resolutions as
Mr. srEIcur suggested that the amendment Of the sc
major from kentucky, suggesting other measures con-
ted amodihcauon of the tariff the of avoiding
loans the issue Of treasury notes. direct taxation He
OF no other means Of raising money than these ex
The resolutions again read.
THE STATE OF THE EXCHANGES.
Mr WEBsIER said he had objection to the passage
OF the resolutions They introduced this morning
Senate lie afraid that there already beginning
TO be some embarrassment "a voice-A little louder
caLhe attention Of the Finance Committee the state
Of things in the monetary exchanges of the country
The Of the money market at New Orleans had ef
fected corresponding counter impression in the cities
come and would further become the point Of large ex
penditures of money on account OF the and were
there no means of transfer adopted excepting the trans
fer Of specie was evident that it result in
great embarrassment not only at New Orleans but in all
the cities of the North. indeed this Of things al
ready exists Large transfers in specie have already
been made by land to New Orleans and while the Nor
then cities liable to be called upon every day for
mittances OF specie it is evident this embarrassment must
increase. wish, therefore, while point the
tive government to the necessity Of raising funds,
means without the great Inconvenience to the country
ofrsmtances Of specie and the expense Of
its transportation Whether this shall be done by drafts
treasury notes. however else it shall be done,
thing is necessary to be DONE there be existing law
to meet the case Perhaps the Senator from Alabama
may be enabled to inform what facilities prepared
MI. Lewis am not informed, sir. ! am not informed
Mr. CALHOUN said he considered the evil complained
Of as in great without remedy. II Of
the difficulties Of war and arrangements Of transfer
the uncertainties Of financial affairs during state Of
But that not the object Of the resolutions The OBJ
could procure the revenues required the
ordinary expenses Of the II we can then other
Mir wEpsrrs appealed substantially that some legs
laon would perhaps bc necessary to alleviate the in
creasing inconvenience Of continued rcmances Of
Mr. CALHOUN argued that from the fluctuations tho
rasi ss Gs esehangs it. wa, fully evident that specie alone
upon the treasury however might be made to answer
Mr. wrn.rrn said that the difficulty in treasury drafts
a single operation. draft from New York upon New
Orleans would not be returnable to New York.
Mr.. CRirrEspEs said that while exchanges, IN the
spring of the year especially were in favor Of New
% wor Of New Orleans
his amendment to the resolutions Of inquiry upon the
sides the modification of the tariff
Mr. NILES conended that the only way of preventing
government disbursements from affecting the
cial exchanges to the treasury and its
rations from all connection with the banks. That
separation Of the government from the banks
to hsy. gone to sssp and he was afraid was the sleep
Mr. SIMMONS, with some general observations on the
state Of the finances, said that treasury drafts would
opviate the necessity OF the transportation of coin.
Mr. DAVIS reviewed the schedule Of financial measures
recommended BY the President in his last annual
recstah Of the the establishment Of
a awarehousing system, &C. These measures were de-
he continuance Of peace But an extraordinary state Of
things had been brought about requiring special legsa
any measure Of the foregoing list without knowipr IN
advance something Of the general plan system
ed, by the friends Of the administration be pursued
The resolutions were laid over till tomorrow
the voieE OF THE PEOPLE.
meeting in North Carolina upon the subject Of he vsr
with Mexico. The meeting offers its services to the
country and highly appauds the conduct of the Army
sarcoS osEeoS s-raE BILL rur rsro nssmrnrc <
SLEEP.
The honsc bill for extending Our laws over Oregon
coming up from yesterday and the question being upon
eferring Instructions to the Judiciary Committee to
whom w. uln was yesterday rsscommi.tsd
perhaps better to refer the bill without Instructions
Mr. Csrrrsprs expressed the same opinion. and
moved the instructions be laid upon the table which
agreed to. t-t 4
rxEcurvr
MI ALLEN said that the regular business had been bro
M Ven upon oy incidental discussions and that
700 se 70 take the regular orders with any degree Of
Pron1i ne would move an Executive session.
WHERE Is rHE sUB-rREAsuRrf
MT HASsreAS wished TO make single enquiry He
desired % KNOW Of some member Of the Committee on
finance wnat hsd become Of the sub-Treasury bill from
the House General outbreak Of laughter on the whi
"ce aea cnes o. wsg' YES DO tell Where isitrI
Mr.. Recommendations, louder we cam hear the
Senator. .' e
Mr. srEreHr understood to say amid the ain pre
vailng of laughter, that the war haa
prevented the committee from the liberation Of tho
BILL but that in the course Of week they expected 70
report IL TO the Senate.
And on motion Of Mr.. ALLSr, tho Senate went into
Executive session. -
House OF Representatives.
f..~> 4,