The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-06-18
BY THE MAILS.


From the Pre- sident's message 10 the Senate 10
day, and the accompanying calculations of the
Treasury Department,youw will perceive that there
is deficit anticipated in the funds Of the current
year; rather, an increase of expenditure, of
$23 $50 1854; and that from all resources, includ-
ing the expected increase of receipts by the tariff
modification, million anticipated from the ware
house bill, and half million increase from the
reduction of the public lands, he will still be left
in deficit of $l2, 1856 45O, for which he asks the
privilege of borrowing fissuing treasury notes.
Tea and coffee at 20 per cent recommend
ed. Reduce then the GO per cent on sugar to
per cent, and the 115 per cent salt to 20 per
cent, and these four items will give you sum Of
four millions increase 10 the receipts The resi-
due Of the estimates OF increase is anticipated
from the several schedules of modification pro-
posed. Under the present law, however, peace
being secured with England, we may reasonably
expect an addition Of several millions from the
existing law, from largely increased importations
to Texas and the West.
Upon the whole, the executive estimates loolA
rather unfavorabe to modification of the tariff
at the present session. The whole system OF re-
medal measures leaves a deficit, to be cover
ed by treasury notes, or loans Of twelve mill
lions and the tariff men will urge, why not
at once well borrow, issue treasury notes,
for twenty millions rs twelve, especially when the
balance beyond the twelve, is 10 be raised, and
counted upon from resources merely experiment
tai, and very uncertain. Mr.. Lewis made the in
quiry, with view of avoiding resort to loans or
paper issues; the answer shows that some such
result is altogether unavoidable, except by a re-
sort to direct taxation. The proposed imposition
upon tea and coffee, will be more Objectionable TO
many OF our western members than the bill Of
~ Altogether then, the Executives estimates
will operate against modification of the bill Of
49, at the present session.
The Oregon treaty was laid before the Senate
-. L..
twice-hs voice being distinctly distinguishable
through three or four closed doors, with three
four rooms intervening He denounced the
treaty as n sacrifice Of the national honor-as an
outrage upon the American people-as sacrl-
flee of the pledges of the Administrators re-
traction of its repeated and established declara-
tons Of the unquestionable title we have, or used
to have, to the whole territory. He contrasted the
case of Mexico with that Of Great Britain, very
much to our disparagcment-he referred again TO
the Northeast boundary, and the concessions
there made-he doubted, too, whether with the
Oregon surrender, we should be able to purchase
peace with Great Britain. The discussion may
be continued for several days-as it is not unlikely
that Cass, Hannegan, Fairfield, Dickinson, and
others, may each consider it necessary, TO rode
fine their opinions upon bE4O.
No overturcs had, up TO this afternoon been re-
ceived by the Executive, from the Mexican usur-
per Paredes, for peace; although some such over
lures have been reported rs having arrived.
After six ballotngs to-day in the Senate for
Chairman on Foreign Relations, in the place of
Mr. Allen, resigned, an armistce was agreed upon
till tomorrow. The contest to-day was eminent
ly triangular-the 81 40 men voting for Archer,
the Calhoun men for Benton, and the rank and
file for Sewer Haywood did not get n single
vote. 1t was perhaps refused him from charity to
the feelings Of Allen; certainly not because of the
superior fitness Of Sewer or Archer-both remark
ably clever men in their way-but as we humby
conceive, wholly ineligible to a discharge OF the
duties of the post without laundering, excepting
MS the passive instrument of the majority. The
head OF this Committee should be man capable
of leading of IN its duties, conversant from expo
rience with them, of acute sagacty and profound
industry, and with something more than ordinary
talents in enforcing tho views Of the Committee
upon the Senate and before the world. The great
fault with Allen in employing the Office and
riding it to death the hobby Of his unmitigated
subterraneanism. He made distinction be-
tween the stump and the Senate. In every adj
dress he spoke to the prejudices of the crowd,
rather than the Judgment of the Senators around
him. The huzzas at some country grocery SEEM
ed to haunt him day and night II would be not
little curious il the Senate should elect Mangun
tomorrow the Chairman on Foreign kelauons:
Such esult is not improbable, for u appeared
an mpossibility TO get the ullras and tnc lor'y-
mines together upon this question:.
The Steamer Massachusetts ieit AicAanoiia
to-day at about nine O'Clock for the no Oianoe,
with $50 volunteers and large supply OF PRO
visions and munitions of war on board. Inc
"boys" were in the highest spirits.
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