The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-03

especial pains to transmit to this office daily
journal of the proceedings, which will be pub
lshed in the Herald of the next day after the re-
ports are received
The first despatch from our reporter will be re-
oeved either to-day or tomorrow
The Independent Treasury Bill and the
Warehousing Bill.
We give to-day in our colu INNS the Independent
Treasury bin as amended by the Senate, and the
warehousing bill as it passed the House The
frs, requires the concurrence of the House.
while the latter has been acted upon 10y both of
the legislative branches of the government and
will be. as soon as signed by the President a law
of the land The Warehouse bill goes into opera
ton Immediately, as We anticipated, and it will
aid the establishment of the new tariff bill very ma
terially, as importatons can under the warehouse
system, be made as usual, and the supply of for
egn merchandise can be regulated by the de-
mand, preventing such an immense food Of
foreign fabrics would otherwise be experienced
Immediately after the enforcement of the new
tariff of duties
This Warehousing bill, as imperfect as it unfor-
tunately is, will do more to advance the prosperity
ofthis city, than any other measure Congress has
perfected and passed this session. We have,
heretofore, carried on about two-thirds of the To-
reign import trade of the country; and under the
operation ofths BILL we shall control even larger
part of that trade. The new tariff will tend more
to the advancement OF New York, than any other
city IN the Union, rs it WILL in connection with
the Warehouse BILL increase our commerce and
concentrate in our warehouses merchandise from
all parts of our own and foreign countries. for dis
tribution. This city will become the grasd depot
q hnfh Of
and our commercial marine will receive those be-
fits which high tariffs have for so many wears
drawn from it.
The Independent Treasury bill goes into opera
ton on the LIST January, lS47. The re-estaLlish.
ment OF this act is received in the same light
it would have been, had the government not been
compelled to resort to an issue of treasury notes;
as the presence of these notes in the market, and
their being receivable for all government dues
reduces the specie restrictions of the bill, and
brings it more gradually into operation The only
immediate change in the financial policy of the
government produced by this bill, will be the Sc
paration Of bank and State. So long as the trea-
sury notes remain in circulation, and the expendi-
ture of the government continue so large, there
will be no danger of drain of specie for deposit
the Independent Treasury This bill, for seve-
NEw PIECE AT THE BowERY-REvvAL IN TIE
AnERIcAN DRAMA.-lt has long been source of
confusion to American literati that we have no
national drama, that all our plays are taken from
,he French, the English, or the Italian. This is
u fact which is well known, and although there is
no good reason why it should be so, yet so it is
We are, therefore, plea sed with any step which
may be taken toward the Establishment of an
American drama
We were led to these remarks by noticing that
Mr. Jackson, the enterprsing manager of the
bowery Theatre, brings out tonight new drama,
purely American, entitled " Hoboken." We UNI
derstand that II is play of thrilling interest and
one which will be able successfully to compete
with many of the foreign productions that have
80 long held possession of the stage Mr.. Jackson
deserves the thanks OF the community for his en-
terprise in producing this piece, and we hone
they may be awarded to him in full houses. In
regard 10 the manner in which the play will he
perfprmed, we notice that in addition to the talent.
ed company attached to the Bowery, Mr. Wal
cot, so Justly favorte with iii, play goers of this
city, is also engaged and will appear in the prin-
eipal character
We expect TO see crowded house at the
Bowery tonight It's said the play takes in
oil the leading characters Of the city.
CALIFORNIA ENIsRASrs. In another column,