The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-08
Important from Washington.

We publish, in another column OF this days
paper, a letter from one of our Washington cor
respondents, containing information of highly
important and interesting character. This letter
was transmitted by telegraph, and contains all
the rumors afloat at Washington, up to nine
o'clock last night at which hour it was des-
patched to us.
The most important fact contained in this des
patch is that q letter has been received at Wash
ington, conveying the intelligence that the Bril-
fish courier had passed through Jalapa, and that
treaty of peace had actually been concluded at
the capital, between Mr.. Trist and three COM
missioners on the part of Mexico, and that the
opinion prevailed IN Mexico, that in less than
sixty days the American army would be with
drawn from that country. That Mr.. Trist has for
mally entered into treaty, we think Is lmpro-
bable; for it is well known that his powers as a
commits soner were some time since Withdrawn
from him, and he himself recalled 10 Washing
ton. Itis probable, however, that the Mexican
government has submitted the project of treaty
TO the American government, and entrusted the
same TO Mr.. Trist to convey to his government
at Washington. The fact that the names of the
Mexican commissioners are mentioned, and also
that the report comes through the British cou-
rier. gives more weight TO the intelligence than
il would be entitled to if it came through Next
can source without such names being men,
toned.
While, however, this report is in circulation,
the prospect of an increase Of the regular army
becomes stronger and more probable.
The bill of Gen. Cass 10 raise ten new regi-
m.nis of troops, is likely, according to our des-
patch, TO become a law. Its fate is watched
,pxiayy hy The al and
financial classes. We have already stated, that
in the event of this bill passing. large additional
loans will be required by the United States for
their support, probably amounting to one hun
dred millions of dollars in the aggregate II is
the effect which it will produce on the financial
affairs of the country which entities it to much
consideration at the present time, and which
must be disa.trou. to the banking institutions,
and all men engaged in speculative business
OF ell kinds, and end most probably in ge-
neral suspension and revulsion, more fatal In
its consequences than any we have yet expert
enced War is at all times a costly and expen-
awe matter. It's .lnews are gold and silver; and
10 carry il on, Of course requires drain OF the
precious metals, TO the amount required for sus.
tanning the armv and paying for the victories
we achieve. This drain, IN the face OF that
now going on TOWARDS Eng VIII cause
papic--the banks, if they curtail in time, may
avert suspension for time; bu, a continuance
OF the war, at the estimated expenses, will ulti
mately produce general revulsion.
The information telegraphed to us. shows
that the feeling in the Senate lie averse 10 Mr.
Calhoun's policy of abandoning the central por
tions of Mexico and retiring TO defensive line
and that that body is in favor of prosecuting thu
war in the mani er indicated by the President II
hi. message, and according TO the known policy
of the administration. We shall wait with
anxiety, further intelligence from ashington
In the meantime, the passage OF the ter
regiment bill may take place, it Will be well fol
every person TO make up his mind that revul
sion, such as we have predicted, will occur, ant
for them TO prepare for the consequences. -
Economy must be the order of the day, and pru
dence, care, and forethought, the cloud by da!
and The pillar Of fire by night of all who wish t
escape the coming storm.
But read the telegraphic correspondence.