The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-14
The Loan.

The debate upon the loan bill but it touches
}. war, and the administration and almost everything
Sc, except the point in question Mr.. Vinton opened
debate with an argument upon the finances; but,
t his speech was, full of false logic and grossly
correct statements, gentleman has yet risen to over
the sophisty OF the chairman of the Committee of
avs and Means. The effect has been, to produce
emost erroneous Impressions upon the public mind.
cause il appeared plausible it has been held up as ire
dble Because it has not been answered, thu oppos-
n have pronounced to be unanswerable The wing
less has cried it up as conclusive. They have rushed
the conclusion at once, that the report of the Secretary
the Treasury has been refuted that all the Calcutta
pms of the expenses of the war are alse that no conf
tnce is to be placed in Mr. Walkers estimates of the
venue accruing from the customs and the land sales
he is about 10 plunge into an ntolerable debt and
/ at we should attach no consequence to his opinions
Pout the best mode Of raising the supplies.
we undertake to say that the wings counting with
Fl their host. We have examined both sides of the
eston and Mr. Vintons speech is destined to signal
ID overwhelming refutation. Mr. Vnon has garbled
Secretarys report He has made the most unauthor-
ed statements When the revenue either from customs
4 S"'NS ID
estimate, he has suppressed the obvious facts which
auced the variation, without allowing afterwards
the TACT OF the at another time overrunng it;
thus, IN the of the two years for which the
creary was called upon to make his estimate, it
I'll come out singularly corect-surpassing, in fact,
my OF the estimates of his predecessors in the Treas
we could refute Mr.. Vnton's speech ourselves; but
prefer to see IT accomplished by members of the
Ouse who understand all the bearings of the subject
can develop them with more ability than we can
eantme we advise the wings to cease their idle crow
We shall soon whether the wings will pass an eff
Pat bill to raise the means wanted by the treasury
Pc present bill of Mr. Vinton is all an idle measure
The W higs refuse treasury notes. the loan cannot he
ade at par. II could not have been effected even in
~, II we had trusted to per cent stocks alone. Stocks
e then below par They are a little below par now
treasury notes are at par, and by authorizing them to
issued again, have little doubt that the money can
borrowed at par-perhaps a little more We shall
n see whether the wings sincere in their declara
s about raising supplies; or, whether they keep the
Pd Of promise TO the ear, and break it to the hope"
Oh CLAY oSLY.-The general committee of the wing
ny men Of New York city on Thursday evening de,
ga racompronisingiy for Henry Clay, their 90 first and
choice" Tor the presidency Bali. Sun.
he stock Of the different whg candidates varies from
day The ultimate selection may depend, in great
zee upon the question Of availability Some of the
nehts which enter into their calculation are even
his time very PLAIN Much will depend upon the
We oil things in New York How far the elements
Calculation may be changed by the It'll of June,
sn their National Convention meets this "deponent
|a not"