New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-01-24

he mora unwelconas at tho w hite house than the
return Of Mr. Trst bearing the bases oil Treaty, 10
which the Mexican rulers shall have assented or
the esrnes. prefer Of Mediation by any European
power Nothing at Washington looks like Peace
Eoauletted gentlemen are constantly dropping Ia
from the South to assure and resssure Members oil
Congress that the anxiety Of the MexicaDs to be
completely subjugsted aud annexed is so intense
and universal that Forty Thousand more troops will
ias. suffice 10 keep them from cutting the throsts OF
the Forty Thousand now engaged 10 tie business
How much effect is produced by their testimony
and arguments cannot say but II is Obvious that
Mr. Polk aud his immediate advisers are ready to
believe anything which tends in the direction OF
their wishes though even more incredible than
this Meantime, the Military fever, appealing ne II
does TO the two master passions oil perverted ho-
nnanity--tbe aspiration for command and eminence
and that for living and getting rich without useful
labor-is rapidly dhusing and deepening Its hold
on the country Every little village is coming to
have its hall-dozen more suitors for commissions
10 the Army, from Leutenancies up to Generalships
all without regard to their Political principles
when they had any, ready to deDounce and execrste
the opponents OF the War as interfering directly
and anbearably with their hopes Of fame and for
tune. Mr. Polk sees 10 this state of things chance
for his own denomination, and be will nurse 1t to the
last, no matter at what cost TO the country.
Congress will fail to do just two things desired
by the Pfesident--it will knock ia the bead his bill
authorizing Ten Regiments OF Regulars in addition
to oar present enormous Military establishment
and it will sternly refuse 10 legaze any new Issues
of Treasury Notes beyond those authorized by ca
i,tng laws. We think much may be safely
calculated on but nothing more, unless the refusal
20 tax Tea and Coffee be deemed something. Any
amount Of Volunteers, and Of Regulars TO III mp
or increase existing Regiments, will be carried
through both Houses and II the additional Ten
Regiments had not been proved so wanton and use
less IN increase Of Executive patronage and Ma
tional expenditure we think they too would be car
Rod by the overriding desire TO do nothing which
Dan be charac .erzed as obstrrctins embarrassing
the President ia bis eii,rts to conquer Peace
The Loan bill reported from the Committee Of
Ways and Means will certainly pass. and we fear
with modification authorizing Mr.. Walker to sell
the stock for what ii will fetch, which We cannot
estim.ie above % cents on the dollar. Thus, for
ninety.iive dollars in hand wherevith to prosecute
the subjagation and annexation Of Mexico, the
People OF this Union will be bound to pay two hun
bred ard twenty dollars in the course and at the
expiration Of a term Of twenty years, or Forty
loar Millions for Nineteen Millions. Against thus
scheme OF reckless prodigality a resolute stand
will be made. yet we do not anticipate more than
twenty votes In the Senate and eighty in the
House In favor Of retaining the Committees pro
yiso that the stocks must not be sold below par.
The defeat Of that and the knowledge that many
millions OF new U. s stocks arc to be thrown 90
the market Cor what they will iotch. are morally
certain to depress all stocks still farther snd in.
crease the Money pressure already prevailing
All this is wrong. but We do not see how 1t Is C.
to prevented 1t is easy to demonstrate that It Is
oar tue policy 10 the frat place. not to incur these
enormous expenditures next, if We rW incur
them. that we ought to meet them maniully b.
Taxation. To spend Seventy Millions year on sn
income OF Thirty borrowing the deficit at sacrifice
when We are abuudauty able - bear Taxes, is
the extreme Of reckless mproyidence-a dishonest
shifting Of burdens from the back Of the present
generation upon that Of the next But It 10 idle to
urge what every one knows to be just yet few have
the courage TO stand up for. TITO Wings as a
body think il does not become them to press the
imposition OF taxes which the Executive does not
require the Loco Focos ready enough to pile
expense on expense, but shrink from asking the
People TO pay. lest IL should render the War de-
tested as IL is dotestable. Thus Debs is to be
heaped on Debt ia uncslculating pro!ason, though
all know that toe day Of reckoning must ultimately
come, and many feel that Commercial Reyulslon
is imnincntly threatened.
Mr.. Walkers late discovery OF a misfake Of
Seven Millions in his annual Treasury Report
wherein there are TO which this is but Tea
biteD only renders confusion worse cooiounded IL
does not mean that he has found any money IN the
Treasury that he did not suppose he hsi for he has
been too near the bottom Of that reservoir al tie
time to have Seven Millions escape bis vision
Neither does il mean that his expenditures wall be
Seven Millions less than he had estimated; for they
will come fully up TO the mark, and are more likely
To exceed than fail below it. Indeed, il Congress
authorizes the raising Of new Regiments, whether
OF Regulars or Volunteers the budget FOR lsis viii
be swelled by several millions All thar bis mis-
take amounts TO ia this = exhausted an
ss0yrfy under ez.sting lat 49, o. wore MONEY
than &c Supposed he had e sa s. .R~pors.
TIA, Is ali We can make @. l,;oe
codicil Aad If Congress saatr a1lhorze the add
siOa Of Thirty Thousand men 70 our present Military
Establishment which the President calls Tor. the
actual defcit Of the Revenue Ter ls4s can hardly
fan below Fifty Millions All this, with too prob
aoe sacrifice Of many precious lives and an obvious
Increase Of National democrats alton might be avoid
ed by simple resolve OF our Government that
it viii ask nothing Of Mexico bat the payment
oil what abe owed at the breaking on. Of
the War. On that basis we might have Peace at
once, the safety aud return Of oar fellow citizens
now 10 Mexico, sure avoidance Of TIE threatened
revplsion with the heightened esteem Of mankind
Whist msdne" to reio'o all these blessings and
persist ia wassefGl. sDtirepublican war cf cog
quest and 'ubjugston wherein the smplsss success
must psove disastrous il not fatal,