Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1846-07-03


three aud Iuur O'Clock l5-I rveuug, aud
uol on Saturday a. stated 90 several news
papers. The treaty wassrut to l.ir %arste
lo-day, when iigl u1iy went into EArru-
i've session upon ID al Two O'Clock o. soon
thereafter.
The President also submitted hs Flnau-
ci1l Report 70 the >rualr to-dry. enclosing
one u0m the Secretary Of the Treasury In
reference 10 the inaure-,
The most important document Of the
two is that OF the Secretary, which is the
lasis Of the message ITSELF Mr.. Walker es-
tjuaits deficiency Tor the fiscal ear. en-.
ding June IG47, OF Sls,62O,4O3. lis es.
Inmates formerly were balance Of g.. 332, :
An. This last u is necessary to keep IN
'he Treasury to meet present demands up
on it.
To meet the expected deficiency. il Is
proposed that S5,534,Oj7 shall be raised by
modifying the rUutf, and schedule oC.r-
tcIes Is named on which il r proposed to
levy a war duty TO be abolished after the
var with Mexico il at an end. The Bin
OF Mr.. Mckay now before the House, will
yield S4,03I.057 more than the Tariff Of
1912. aud those duties are named, which
il lS proposed to alter; 80 that this sum
will be increased 10 more than FIVE and a
half millions.
The present law, it is said, will yield the
sum OF $4,000, 600, and the ad ItIonal du-
urs will make this amount al least $50 ,O34,-
O57.
Those additions reduce the deficit to
Sl4,0B6.406. From the establishment oil
the warehousjng system il is expected that
SI00O00O would be raised, and this Mr..
Walker says, will be permanant annual
! income after the inst year.
| This reduces the original deficit To the sun
| Of SI3O8G. 100. The reduction of the
| price OF the public Lands, the lands for a
/ long time in market, is ais0 recommended
/ and this, it is estimated, will Weld an add.
| tluaal half million OF dollars. The balance
! OF l2,I89,l06 dollars, must he met hv loans
or Treasury notes, and the Secretary ask.
| power to issue either one or the other
and for the power to Reissue Treasur,
notes and to redeem them at pleasure, anC
! Tor an interest allowance on each NOT pX
wedding six per cent. If the war shout,
be speedily terminated, the Secretary sun
poses tha, neither loan nor Treasur,
notes will be absolutely necessary, or
necessary, to Il small amount only.
The message OF the President says il il
probable that the defaeuries NAV not he -
large as now contemplated. but tina, h
deems It the part Of good policy TO su M
the extreme estimates. Against the T.
rjf OF I842 he takes strong ground. hol
as peace measure and particularly as
war measure, at the same time codcurlin
with all gentlemen who advocate auti-prc
tcrtive duties, and in the imposition of du
ties uP9n rI'esut articles from which tn
duties shall be removed after the war wit
Mexico is at an end.
A defence Of revenue duties merely
tOrnS the basis Of the Message Of the Pres
ident and reduction of duties should tax
place IN peace, and without regard to pen
ding difficulties with Mexico.
1t is NOT deemed necessary to resort (
direct taxes or eXri1cs, 50 long as Il loau
ran be procured or Treasury notes ssu
ed.
lis contemplated he says, vigorously t
prosecute the war With Mexico, whic
4 that Government has provoked At tn
same time the President says he Shall he rea
dy to conclude an honorable peace when
ever the MrXicaa Government, shall mani
iesl Il Ilk" disposition. "Whancvcr tha
power shall be prepared to DO Us Justice
we shall be ready To- shea,he the sword an
tender the olive branch"
The Senate were in Executive session
until five O'Clock, and no result arrived Il
upon the Oregon Treaty.
WASHINGTON, June 10.
venture upon Seeding YOU The vote up
on the teaty, which was ratified by the Sc
nate last evening.
YEAs-Measrs. Archer, .4shleu BagB,
BtatOa, Berren, Barrow, Calhoun, Chai
m"ra, ! M, Clayton, T. Clayton, Coquu
DAVIS, Dlylo0, Dtr, Evans, Greene, Hay
l0ood, Huntington, Houston, K. Iohnson
ii. Johnson, Lel0is, ,ND4Ec, Mongum
Miller, Morchead, .Mtrs, prarre, Penny
backer, Phelps, Ruyk, SeUjer, Simmons
Spreighi, Twaey, Uphsm, Webster, Wood
bridge, and Yuiee-39.
! NAYs-Messrs. .4Hea, .9therion, .Aichi
son, Breese, Bright, CdSs, Cameron, Dick
mson. Fairfield, HaaHcgaR, James,, Sem
pie, Sturgeon ami WrsicoH-l4.
ABsENr-Messrs. Corwin, Crittenden