The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-14


asd this subject CLOSELY and carefully and his motive in
not Aludiss to IL In his annual report wa, without
doubt the fear that he might considered sxtravasant
his estimates relative to the amount Of which
might be derived from that country.
Notwithstanding this source Of income IL In reserve,
has not been calculated upon in the estimate of sx
pendtures for the ensuing eighteen months the Chair
man Of the Committee Of Ways and Means asserts In his
official position, that the estimates issuing from thu
Treasury department many millions below what will
actually be required to the sxpen within the
period above named. The Secretary Of the Treasury
asks for loan of but sixteen millions Of dollars for tho
present year. and would be much more creditabe to
the party in power Tit At authorised the loan, in
the most feasible shape instead Of the leaders showing
their ignorance by talking about that which they
entirely unacquainted with. If the expenditures
larger than reported by Mr. Walker shall hear from
1t full enough. If the Treasury department Is in
want of moro meney, 1t must be made known.
We will suppose for q moment that the statements
emanating from the Committee OF Ways and Means
correct; that the government will want many millions
Of dollars moro than the amount reported by the Score
tary o. the Treasury How would the fact agree with
their efforts to reduce their determination not to in
the revenue of that department. The whig party
is opposed to the present tariff; 1t would had the
power repeal It, and adopt highly protective in the
face of the large and increasing expenses of the govern
ment 1t would also destroy the Independent Treasury
system, and adopt some system Of banking; 1t would
distribute the public lands among the different States
and cut of that Of revenue In other words
to sum up the whole 1t would adopt measures which
would revoutionise financial and commercial sys-
TENS, and in short time, ruin the most important In
terests ofthe country Fortunately there IL POUNDS
ton for the statements made relative to the
expenditures account Of the war; and very little dan
ger ofths opposition party succeeding in establishing any
Of It's measures The present tariff may not produce
largo anticipated but will give the govern
ment greater revenue than it could derive from
highly protective The Independent Treasury act may
compel the to submit to unfavorable
terms in negotiating asrge oan the most
important interests of the country increases the specie
currency and those mutations and contractions
culators The system the government 10 pursuing In
regard to the may be at first expensive but 1t will
rebound to the honor and glory Of the country
and ultimately to its prosperity and the extent of
its revenue, than opposite course. The opposite
party would if may judge by the principles advocated
by leaders abandon everything sink the expenditures
already incurred and demand indemnity for the fu
turs It is fortunate for tho country at large that the
prospects for party coming into opposed to the
present plan pursued relative to Mexico are poor in
deed 1t part Of its destiny and cannot be changed
We annex q table exhibiting the quotations in this
market for the principal speculative stocks for each day
of tho past week, and at the close Of the week pre-
vious.