The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1848-06-30
Washington Correspondence Of Crescent.

WASHINGTON, zane 70. 1913.
The negotiation Of loan for the Government Of $4,000,
g0G and fourteen millions of this premium OF
cent and -0ths has been the marked event out Of Con
gess Thanks the treaty o! peace and other events, the
loan has been negotiated upon tes encouraging to tie
Government and indicating better state OF the money
market Cogcoan Riggs proposed to take the whole loan
on their account and OF The Earrings. at the
rnuta above named. i higher premium, however WAS
offered for two millions aud more, and 81 Is the average
amount Of the bids Some tigty millions ana hail wee
proposed for BY the capitalists OF the country and but Tor the
fact that Capitalists knew that the lean would command
handsome premium, and better inducements are made III
private, the BIDS would have been 10 Triple lie amount. The
Treasury Department feel quite well satisfied with he result
Whether other loans than this will be required for the support
of Government must depend upon the duration Of the Ma
tiona Legislature The price OF the Territory inst acquired
By treaty mast be provided so also the claims OF American
citizens tor poall0ns their property IN Ae&lco So
also the expenses Of the vet far from beng sum
med up. SO also for the pension list and the Government
scrip granted place OF bounty lands, and the Of
troops which IS about 10 he recommended by the President
The demands upon lie Treasury must be largely IN
creased By the new order Of things incident TO The large
crease of Territory stretching along vast portion of
the North American shores OF the Pacific and occupying
the large intermediate space OF county between the Atlantic
and Western oceans One favorable connected with
the loan just negotiated the fact that the Earrings to
Il, millions OF dollars the earliest practical moment
This viii be gust much specie kept from the European
market.
There was something Of demonstration upon the River
and IIarbor question to-day The memorial OF the great
Chicago convention presented, aud attempt made
throw it out This failed, and the battle resumed against
il upon motion pr The printing ordered by.a
vote Of liz to 81.
There was tariff during the day, upon resolution
moved by Mr. Stewart of Pa, instqetg the Committee
of WAYS and Means bring in bill imposing higher rate
OF duty upon foreign Injuries and upon all articles coming
into runous competition with the products OF the United
STATES The vote was 81 % in favor OF receiving this
resolution but twOhds to suspend the rules
The House very handsomely passed the bill for the esab
shnent OF a system OF International exchanges, OF which
Mr. Natelnare is the head. The resolution met with but
| little oppo,Iton
4 bill was reported by Mr. CrOwel, OF Ohio, and referred
70 the Committee the District Of Columbia, for repeating
the law of Congress passed February o. 1901 and all other
acts and parts OF acts that in interfere with OF
sustain the Institution of slavery the District of columbia
There Were Two bills passed for the extension OF the time
| tof locating Virginia land warrants
fhe most important public bill which passed during the
day was tbe bill providing for material reduction the
| postage printed matter of all kinds
The Southern mail question has been before the Senate
through GOOD part Of the day the ngeent as it is
by common consent nuisanceae mail being detained "a
hours day and every day in the year 10 save the Govern
| ment $1,000 year.
The other business before the Senate wa not important
The proceedings OF the Chicago Convention were presented
marks The question presented to the nouse and
| and Harbor Bill ORLEANS