American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1846-12-29

Tag the enemy the largest number of troops
which has been claimed for him.
THE SUB TRRAsURy We consider il un-
fortunate for the country, that the Sub-Troa-
sury bill was adopted, as it will probably re-
taId the negotiation Of loans which will be
found indispensable in the further prosecution
of the war. The specie clause of this bill will
70 into operation on the fret Of next month,
FRIDAY next,) which will be likely to produce
an injurious effect on the money market We
have seen it intimated as probable, that the
specie clause will be either repealed or post
poned, and we think that such course wauld
DO advisable under present circumstances. In
deed, W cannot see the slightest benefit which
is to result either to the government or the
people, by the operation Of the Sub-TreasuIy
system, with or without tho specie clause
Government will have TO borrow at least
twenty millions Of dellars during the ensuing
year, should the war continue; and this will be
an exceedingly difficult task if the amount is TO
be paid in specie-f not, it would appear to be
worse than idle to require specie to be paid for
duties. The principal payments of govern
ment are now made i'll drafts or treasury notes,
which answer its purposes as we'll as specie;
and it will be found indispensable to continue
payments in this medium in future. Specie
paying bank notes are preferred, we are inform
ed. by the soldiers of our army, to specie, on
account of the difference in bulk and the great
er facility of carrying them about their persons.
If, then, government drafts, treasury notes and
bank paper, will answer every purpose of gov
eminent, and are as acceptable to receivers
there is surely no necessity for carrying the
specie clause of the Sub-Trcasury into effect
And as to government employing strong boxes
aud additional hands to lock up its own notes
or those of banks, it would be a costly farce,
which might be we'll dispensed with. Congress
should afford every facility for the procurement
Of money by government, and therefore should
either suspend or altogether repeal the specie
clause o! the Sub-Treasury, as we hold it to be
impossible for loans to DO negotiated without a
heavy sacrifice, with that clause in operation.
FRENCH SrSLATIONs PRIOR TO 1900. We
are 9 lad to see memorials already presented TO
Congress on this subject, and hope that bill
for the relief of claimants, similar to that
brought forward last session, will be introduc-
ed and passed. The memoriaists have been
80 long kept out Of their rights, that further
delay will amount to an absolute denial Of
justice. It has been the extraordinary fate Of
these claims to have been repeatedly reported
upon favorably, and to have passed one house
of Congress, and lost in the other; generally, as
has been alleged, for the want of time. The
nature OF the claims is so well understood, from
the frequent reports and discussions upon them,
that it would seem to be unnecessary to con-
sumo much time in the passage Of a bill for
engaged in war, aud thereby subjected to hea-
Wy expense, is not a sufficient apology for de-
lay in doing justice and we hope that it will
not be resorted to, especially as it is proposed
to pay the claims in stock not redeemable in
less than twenty years. The friends of the
measure in Congress should nrge it forward
with all their ability; for if it be left until near
the close of the session, it will stand a great
chance ofbcng again postponed.
TIE LEGISLATURE. Tie Legislature of
Maryland assembled al Annapolis yesterday.
In the Senate, DR.. Williams was re- elected
President. In the House, there was a very
full attendance of members who after qualify
ing, adjourned over until to-day, The Cover
nor's message will be delivered tomorrow.
IMPORTANT MESSAGE. The President sent
a confidential message to the Senate yester.
day, which is supposed to have reference to the
appointment of Lieutenant Colonel, and to
our affairs with Mexico The Senate imme-
diately went into Executive Session.