New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-11-16
Treasury Lsan-su5-Treasufy-T Tariff
senator Benton TO be the Leader oil MS
. coNs.,o7sence of TIE Tribune

Correspondence of TIE I-o0ne
WASHINGTON November Il isis
There is no doubt that ,he biddinEs 'or The losn
greatly exceeded the amount Of Fire AIlons.-
Equally certain it is that the offers came tom al
parts Of the country, IS has been stated from bos-
ION New-Yo-k. Philadelphia. Baltimore Wash
ington, D c. Charleston, :. C, Plymouth Mass
and Montpelier w Al these particulars have
been published on the authority which the enve-
lopes disclose 20 those who ara permitted 20 see the
letters IL the Treasury Department Il Is also t-ae
that The bids have varied from par 70 I'VE per cent
advance.
What have 70 communicate which has lot been
made known IS chst the ossr 81 I'VE per cent ad-
vance was The oier OF private ndITlduai, and Tor
e very small amount OF the stock. There was g
rurncr that this Offer vas deep move o: great
New-fork Capitalist who has been here WAITING
the result. and who had taken large amount at
par. Tor the purpose OF raising the market vaae OF
the stock. Ba. il IS not so NJ. Ward OF New
York, the Capitalist referred 20, Left the cry To-Day
on his return home, without waiting tor the hnai
decision OF the Treasury. So that whatever you
may hear % the contrary, IS not sst G<e7dsd emo
has the loon. There have been offers made from
New-fork for about two thirds OF the amount at
about par And offers NAV hare been made a.
greater advantage 10 the Government BE that as
/: u.ay no man yet knows 20 whom the loan WI! De
AWARDED Ferhaps TX may De CsCiuSe vi -hOHedAf
II cannot be known before.
The Secretary of the Treasury is now convinced
that the Su5Treasurv scheme will not act at least
without some modification OF the existing law
This is candidly admitted az the Department The
report OF the Secretary VIII show the tact DISCUS
ed. doubtless, as fully as il can be disguised but
sufficiently explicit as it Will be accompanied by
suggestions of notifications deemed necessary 70
carry II into complete effect.
The report OF the Secretary VIII assume very
triumphant tone on the subject OF the new arIii.
His estimates VIII be eloquent in relation 10 the in
creased revenue which the new law Is 70 produce
And he will be apparently sustained when the re-
turns OF the first quarter shall come IN; because a
great quantity O, goods has been warehoused, and
viii continue to be warehoused as the vessels ar
rive, until the first OF December. when the dlnin-
ished rate OF duties Will commence. The effect OF
this wsrehousng OF the goods Is that the last quar-
ter OF the returns under the old Tanf VIII exhibit
an enormous falling of to the revenue al! the i'm
ports not necessary for Immediate consumption be
ing locked up until they shall be admitted al the
new rates OF dates. AL these warehouse goods
Wal be let loose on the market after the first OF De
cember, and consequently, the aggregate OF duties
received at the Custom House during the first quar-
ter OF the new Tariff viii exhibit result OF when
The Treasury viii boast. and out OF which MIR.
Richie viii spin triumphal paragraphs without end.
Il IS understood that Senator Benton Is to
take his place IN the Senate at the coming session
as the leader OF the Administration party. During
the last session. it viii be recolected thar he filed
doubtful position. Recently however. 1t is uu-
derstood that lie has had long interview with the
President the result OF which was an anicable adj
ustment of all the difficulties previously existing
between them. and cordial reunion Every point
OF difference was stated discussed, explained, OBJ
waited. Mr. Benton Jumps down from the interest
nc elevation on which he has hitherto stood. The
rank and file of the Adminstraton-Al!en Cass
nd foil ipfo limo from he first
day of the session and they will find Senator Ben.
ton tall Captain--an inexorahle disciplinarian
Members of Congress are dropping in, that is
Mr.. Davis, Speaker and Mr. Rhett of South Caro-
lima are here. During the next week they will be
gin, probably TO show themselves in more force.
Several Senator'S are here, having made this city
their chief residence since the adjournment.
yERfTAS