The Abbeville banner. [volume] (Abbeville, S.C.) 1847-1869, 1848-02-09
UNITED STATES CONGRESS.
SENATE, Jan. 27.-The Senate resumed
the consideration Of the Ten Regiment Bill


on the financial and commercial condition of
the country. He estimated that up 10 the
lst July last the Treasury had fallen into
arrears since the commencement of the war
sixty eight millions; and at the close of the
present year this arrearage would be increa.
sed TO not less than eighty millions ,asas,s.,
He then went on TO examine the estinaat.
es ofth Secretary OF the Treasury future
revenue, which he regarded as too high.
He made considerable deductions from each
OF the items in the calculations Of the Secre.
tary. and took some time in showing that
The estimates tor the next two years will be
found much below the actual amounts re.
quired. ID. -s.,s gssE.
He calculated ,ha, the Secretary hadoyer.
estimated the receipts of the next year seven.
teen millions, and that he had underrated
the expenditures twenty two millions Ele
did not believe that either by loan or by is.
sues OF Treasury note. the money asked for
could be obtai ned. :s''-*
The amour: of specie in all the N. York
Banks did not exceed FIVE millious-in Bo,-
ton four millions-in Baltimore about two
millions. 1t would be impossible to find
twenty millions Of specie, and nothing else
will be received. The great investments
made in Government Stocks, in Rail roads.
and in Manufactures, had absorbed most Of
the active capital.
The money markc, is unually stringent.
Specie Is leaving the country, and this State
OF things is likely to continue so long as the
war continues. The only way to get tho
money required is 10 put the Government
IN the hands of usurcrs, and to hawk about
II own paper at deprecated value.
we cannot get the money from abroad,
because they have no money to spare, and
also because they have no sympathy with us
IN this war He only saw in every point
In which he could view the subject an en-
barrassed Treasury and distressed COMMIT.
nifty.
Without closing, Mir. P. gave way to
motion to adjourn.
HoUsE-Standing committees called for
reports, and number of private bills were
reported, read twice and referred
On motion, the House went into Commit
tee OF the Whole on the State of the Union.
MIR. ). Il lngersoll in the chair, and resum-
ed the discussion on the Presidents annual
| message.
Mr, Thompson, Of Indiana, addressed the
committee. He said that some weeks since
It had been stated in New York. sfaper.
that ne had made a speech on this 3flor in
favor OF the entire subiugatioa #of Mexico.
and the Union Of the day before Yesterday
had again reported him as ha wing made a
speech in support of the war and the gene
raj policy Of the administration. He had
made no such speeches, and it was his in
tention to take this occasion to lei the pub
| lie know what were his real sentiments.
1 Ia e
the Texan boundary, con,ending that the
Nueces and not the Rio Grande was tho
true boundary. He then expressed his views
ON the war, insisting that Gen Taylor had
never recommended the march Of the army
from Corpus Christi. excep, alphabetically.
The President was determined to make war
had deceived the people-and had given
orders for Gen. TayIor's march to the Ris
Grande, ten days before he knew thatths
Mexican Governmenthad refused to receive
Mr.. Slideii. 4a1,t F~@,- &.$2f- s4iesst
| The President knew that Mr. SiideIl
would be rejected, when he sent him to
Mexico. He was eloquent and verYsevere
his remarks being specially directed 2toSSthe
speech Of Mr.. McLane, of Maryland.
F. Mr.. Rhett followed in q coiisti: :diioiial ar.
gnment, as to the distinction between the
war.declaring and war-making Congress
only had the power TO declare war---the ex-
ecutive power belonged exclusively 70 the
President On the question Of Boundary,
ne laid down five propositions, which he dis
cussed. .sa isas ks4fssas
l. We have Texas anne red. ssss:s1eia sssssss:sei
2. We have the act Of Texas declaring
the Rio Gfande to be the boundary. g.
8. Gen. Woolsinshis arrnistice With Tex.
as, agreed thot the Texans should occupy
fthe eastern, and the Mexicans the western
side of the RIO Grande.
4. Tyler's treaty was rejected By Sen
ate, because the Rio Granle WIS therein
madethe boundary. q s3S sssssa.sss
ss Aethe conclusion of.his speech; tl,tssror,-
nni,tee rose, and, the House atdljjodfned. !.
|ash ~ srs1s4 :Sti g. stsSEs
SENATOR CAss's DlscLosURE
Unionreports as follows the IND pro. !
pounded by Mr.. Crittenden, on Hsdesday.
and the esrsPiies Of Mr. iG;ass; concerning the