Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1846-02-14

When the war OF 1917 was uoo8rSC- -s-- st
Great Britain that declaration had not in the Uni ted
States warmer advocate than your correspondent.
He remained SO through the conflict. He consider
ed i righteous and just war. He thinks SO yet.
he reJolced most heartily when the first gun was
hred But It IS impossible TO describe his plcasur-
able emolons when peace announced. make
these remarks to show the effect that war had on
my opinions; but, while abhor and dread war,
waged for the most profigate, mercenary, and I'M
principled objects, such as is contemplated by the
warhawks of the present tune, would cry aloud for
war with any nation on earth that would give us
the cause, any thing like it, for war which
Great Britain gave us prior TO 1912.
But before we 60 TO war let us count the cost and
then proceed to ascertain where we are to GET the
money to carry on the We shall then find per-
haps, that our Government is deeply interested in
the stock market Our patriots, like other men, re-
quire rations and clothing, and not small amount.
| know some fippant-tongued gentleman will ex-
claim, Our Government can borrow, if she wants it,
millions upon millions. Have patience with me
while relate an anecdote, applicable on the pre-
sent occasion.
A short time before the last war was declared,
many of our importers made large importations
from England in violation of law. On the arrival
Of the goods in this country they were seized by
the Government; whereupon the merchants gave
bonds for the amount of their invoices, and the goods
were delivered to them. These goods were sold at
very large profit. provided the Government would
renquish the right Of forfeiture and give up their
bonds. Your correspondent was in Washington
while this subject was. under discussion in Con-
gress. It was proposed and he advocated the pro-
position, that the forfeiture should be selinqsishes
upon condition that every merchant should take a
siG per cent stock and pay the money for it at par
to an amount equal to his bond. If the Govern
ment did not want this money in theYsogress Of the
- IL. - l. L..
ally. This was violently opposed, on the ground
that the credit of the United States was such that
any amount of funds could be readily obtained at
sac per cent. interest; admitted that it could be
done for the first year, but not afterwards well
recollect conversation held with Mr.. CHEvEs, of
South Carolina, on the subject When urged the
proposition as measure of sound policy, he re-
PEELED it with some warmth, and termed it ga
forced loan, a French loan," &c. Well, the pro-
position rejected; and what was the conse-
quence! In two years the Government was COM
PEELED to sell one hundred dollars Of six per cent.
stock for eighty dollars of bank rags, not redeem
able in specie.
When these scenes occurred no State in the Anne
rican Union had repudated. The credit of the
United States was unsullied What is our present
pecuniary position? What was it, in time Of peace,
before the tariff of 1912! Itcould not effect loan
for few millions of dollars on better terms than
five or six per cent. loss on the stock AT the same
time they were begging the banks in this city to let
them deposite Treasury notes, bearing an interest
of six per cent, and draw out, in small sums bank
rags bearing no interest. Such was the effect Of
the last war-a popular tcar. What would be the
effect Of Mr.. PoLK's odious unpopular tcGr Count
the cost ] say, count the cost.
II is rumored in Wall street to-day that our insu-
rance companies, some Of them, have refused to
insure without what is termed the war clause is
inserted in the policy.
| Stocks are shade better to-day. Flour for the
last three days is without the least change yester
day 1900 barrels were sold at 1892, and 500 bar
rels at $3.50 To-day similar sales moderate
business doing.
] - NEW York, FEBRUARY 70, lS46.
! Public opinion is most decidedly against the POI
hey of the Administration, evinced in tie dplo-
matte correspondence lately published. In making
this remark, refer to all that class Of citizens who
feel interest in national affairs, as Americans
The most favorable notice have heard on the sub
ect was that the refusal to arbirate was ndiscreet
Mr.. BUcHANAN's last letter gives satisfaction to none
so far as | am informed. There is much shutting
in the ranks, which old Col. WiIlott used to say
was the first symptom the militia gave in battle that
they were preparing TO run away.
But there is another cause of complaint, sup
pressed with great difficulty, but which to APP
pears like the writing the wall The House of Reprcsen
70 tnese gcnuemen,
duty. II has not met the expectations Of the party II has
passed the resolution give notice in the form that
anticipated by the friends Of II that similar feel
ngs experienced elsewhere The following from
Washington paper
The resolution to give the twelve months notice did not
pass quite in the shape and many others DESIRED do
we think passed in the form demanded and expected by
the OF the people but Il is not for us 10 censure
members for the they chose to pursue they must
look TO their constituents for that We believe
that the sincere friends Of the ho Of Oregon did the best
they could Rather than endanger the whole
question by insisting upon the resolution beng worded 10
suit their opinions they wisely chose 70 subn 70 ne cond
| tons Of members who hold different opinions
Already have petitions been presented by the friends Of the
Anti Renters who are imprisoned praying the Legislature to
pass law paronng The object general amnesty,
hardening not only those who have been convicted but al
those who are under bond and those who charged with
crime bu, are not vet taken, having fed the State This
;up done the last Of the farce will be 10 pardon the
murderen
notice ,hat while Senator ALLEN speaking the
Oregon resolution Mr.. MAseun asked him, is there not
in the suppressed correspondence declaration Of Lord
Aprnnrrs to Mr. McLASE that hsno,ice weuld not be
ceiyeJ a. offensive Great Britain - Mr. ALLrs refused
10 answer Such has been circulated here II the
rumo we'll founded the u unworthy Of the Executive.
Al Inc same for the dissatisfaction Of the
champions with the pacific notice the House has consented TO
I 10 I'm