The New York herald., 1846-06-04

Passengers and MAIL. o,sos W
Total. ..$i4,elS o.
= Same time last year. lS4so II
increase. ...N,i1o W
This shows an increase Of about eight per cent.
Tho Chairman Of the Committee Finance in the Sem
ate has reported rssoluton-which was adopted-ss-
qussng the President to be laid before that body
ssimats Of the amount OF money required during the
present and next year. for the successful prosecution OF
the with Mexico and what notifications Of the sx-
istng tariff would be requisite raise sufci-
ont to mee the expenditures and whether would be-
necessary resort loan the issue Of treasury
notes.
The appropriations already made to carry ON the
Mexican war; amount to twenty-five millions Of dollars
($22 900 ooo) which exceeds the surplus about
ten millions Of dollars This amount with that required
for the ordinary expenditures Of the government must,
according the constitution be derived from duties
foreign imports and sales Of public lands the
igences Of the times will compel tho government to
sort to method Of raising money in anticipation Of
is revenue which be either by direct loan by
issuing treasury notes The NEST feasible wen ~ the
surest and sconemca wsy Of raising money H. by
the treasury notes. bearing interest," to the extent
required This would relieve the money markets Of the
North from the depression large shipments Of specie to
s sS4 has prod~.ad and will increase and enable the
government to carry its financial ersr.tUns TO
ton Of specie from the North to the South in large
amounts has unsettled the currency and business
affairs Of the country, and carried 70 much
greater extent than that already experienced, will
ate very serious difficulties in the commercial world
Specie transported from point to point In the courss OF
the operations Of trade has particular influence upon
commerce, will always 30 where II 10 most wanted
and for the regulation when large amounts
carried from point to another account Of other
must produce dsrsngsments in trade attended
with the serious consequence The issue Of tres
sury notes would at and alleviate this evil
they would rather aid than rstard the operations Of
nsrce, and become very valuable Of making
mittanoss. FL e.5s L ssYN
It pretty generally admitted that whatsvsr altsra
tions notifications made in the present tariff
must be made with eye to additional revenue. II
has already been suggested the floor Of the Senate,
that must raise BY putting some Of the
articles the free list in the Secretary of the Treasury
BILL in the dutable list reduction in the tariff il still
in contemplation not to the hrst proposed.
Tea and coffee will without doubt IN for nodsr.
ate duty. duty Of twelve and half per cens these
articles, would give Of about two millions Of
dollars per The sscrstary Of hs Trsasary no.
served these items to make up any deAsisncy In the re-
venue under the operations Of his b but II h highly
probable that they win BE- At Incorporated under The
head of a twelve and half fifteen per cent duty We
have repeatedly urged this and trust viii b adopted
Several other articles the free list could with equal
justice be made to pay duty, and there very htts
doubt but that general rsvisal Of the proposed bills
will be made 10 meet the existing emergency. mo-
dsrss rte Of duty upon al articles will produce great
than sxorbitsnA DETERMINATIONS for protection
IJndsr the present act the average of duty d gr-
duay settling DOWN The value Of dutiabls msrchanr
disc imported into this port for May, ls4s s1.
ON which duties amounting to ~ wss paid The
dusiabls Imports in May, 1885, valued At $4leoseo.
paviuw dusy Of 81 ATT 227 showing IN incrssss for
May isls Of $ol7sls in the value Of dutiabls goods .
ported and decrease in duties Of $2ol6S We only
attribute this to the fact that the importation Of foreign
src6andiss paying the highest rates Of duty gradu-
ally falling of AT this rate ths average duty u~sr tS
present act would in few years, become reduced to
thst pont considered by The most rabid free trade advo
Gates revenue standard, viz twenty per cent The
average under the oct Of ls49 for the Ar year Of ts
operation, little than thirty.four par cent;
the average last year. under The Same act was but q
fraction more than twenty mine, showing decline IN
three years In the average duty of absy Eve per cent
The tara viii come up for considsr,ton in few days.
before the House Of Representatives and win bs dis
posed Of in way there must be many important al
terations made in the present BILL both account Of ito
many defscts and the augmentation Of the revenue
We stated sometime Since that special agent passed
through this city. from the Mexican government bis
way TO London for the purpose Of negotiating loan Of
two mons sterling, to enable farsdss to carry the
with this country with al possible vigor Our ad-
vices from London the Hbsa report the arrival Of
this agent and the proposal from the Mexican Minister
for loan, and consolidation Of the old. II il pro-
posed by the Mexican government TO consolidate the
old debt at sixty per cent discount, and to raise
fresh loan Of f2oooo00 Considerable excitement had
been created among the bondholders BY the proposi
tons, which considered by many monstrous
entertain for moment vhls others In favor Of CO.
cspng thsm Thers appears to be crest dnsrsncs of
opinion among holders Of the active and passive bonds,
and tho opposition to the proposal comes from the hold.
ers Of the passive bonds The deferred debt due In
lsl7, amounts to E4s24ooo which proposed to be cut
down to fl $4,000 wheressAhe decree making this
fair proposition, creates active debt Of the
dividends on which commence from June ls4s. II s not
Of all surprising that under these circumstances the
holders Of tho active bonds should be disposed to accede
to the proposition The proposals. in the most favorable
light in which they can be placed, Of the most out
rageoas characteri and tits only upon the ground that
nothing better be expected from tho present govern
mont Of Mexico, that they for moment entertained
1t was by no means understood that the proposition.