Weekly national intelligencer., 1848-01-22

Treasury notes outstanding and
payable when presented.... 267iS9 81
The total expenditures will be- ss,6i566o OF
Leaving an excess o expenditures means,
lst july lS48 Sl5729,ll4 ~
When the commenced we had surplus of twelve mil
lions in the Treasury, and Congress adopted new financial
measures which expected by the Administration to inn
prove the condition of the Treasury. But have spent the
twelve millions surplus and a the current which
have received increased they said to have been by the
tariff besides hiryeight millions according to my
putaon, of loans and Treasury notes. In January last the
Secretary came to for twenty Millions which ne said
would be ample. But in month he asked for authority TO
reissue five millions Of Treasury notes. and another loan
of eighteen and half millions demanded for the service Of
the present year apprehend will be necessary to raise
than that for the ofexpndue in the year s49
This is wofu state of things venture say that you
continue your military operations they conducted
before eighteen months either your Treasury will be bank
rupt you will be obliged adopt and exraord
nary financial measures for one shall be prepared for the
crisis.
for the folly Of the present is not just keep glory for
the present age and for the If you will have
glory you ought to have the taxes along with it. believe
the only way bring the people to just of the
nifty of this war is to let them feel the cost of it. My col
league spoke Of the be derived from Mexico and
venured the opinion that the could be sustained in this
way, without the cost Of dollar Treasury But is it
be expected that Mexico in her present depressed cond
oveunnng her country, her industry parayzed her trade
and business broken up her people ground the dust by
military oppression, will furnish any thing like the amount
which he has represented accung her Treasury in time
of prosperity You will get dollar which is forced
from her the point of the bayonet He speaks of the duty
upon contracts and says that they might be stamped by
your authority and that thus considerable would be
obtained But sir, they will make these contracts,
pecay when there probability that if made, they will be
invadated when the present state Of things shall terminate
Sir this is all illusions and you could get the whole
which Mexico raised in period Of peace and prosperity you
would get but twentyone millions and your military opera
ons costing you nearly fifty millions The Secretary Of
the Treasury, sanguine be is does not esmate these
sources half S, high my colleague.
He has not been abe he obtain any reliable state
ment of the amount of duties realized in Mexico exports
The duties specie might amount to half million. The
receipts from duties imports, time of peace, have
red from six twelve millions What probability is there
that these would be half the first when our armies were
covering the whole country
Even the Secretary thinks that large portion of the in
ernal could be collected under military and he
with all his eagerness present favorable view Of this pro-
ect, admits that he has sufficient data which to base
any reliable estimate to this OF revenue so that
caution the country against these delusve conectures
As for the ten thousand men proposed by the bill, will not
vote for Of them.
believe with the Senator from Kentucky, (Mr. CRITTES
DES that have troops enough for all the Legitimate pur-
poses Of this war; and than enough, and, while would
not deny them food and clothing would not give for
the another soldier until disposition the part
look at the honor Of the country different aspect from
that in which to be regarded by Senators, TO
whom do not mpute any other than patriotic motives
think they entirely mistaken. For myself, | am willing
TO take the epoach Of consistent dunes by adherng 10 he
doctrines which have here announced and refusing vote
until better disposition the part Of the
Executive to make peace believe that the favorable oppor
tunity to make peace allowed pass unmproved be-
leve that fhis Government had much they
could have made peace perfectly satisfactory the country,
and that il still may be obtained just and honorable terms
will increase the forces Mexico for the purpose Of
running and annexing the country. II would be lasting
proach do wish to see the United States dis
posed settle this controversy in spirit of magnanmy
glorious than all the victories have gained.
Mr.. BADGER and sgnfed his intention Of address
sing the Senate the bill under consideration.
Mr.. JOHNSON, of Maryland. | ask the indulgence Of
the Senator from North Carolina. rise put question to
my friend and colleague, TO which hope he will reply now
If he can and il not some future time when he shall have
reflected on the If right in my recollection my
friend not here the 18th Of May, ls46, when the law
of that session passed
Mr.. PEARCE assented
Mr. JOHNSON. II am right, then, the opinions Of
my colleague at that me if he had been here would
have voted for the law passed II right the
which would have Influenced him giving that vote,
would have been because Of the preamble to that act The
question wish to PROFOUND is whether he would have
voted for that law without the preamble
Mr.. PEARCE. Yes, should have done So
Mr.. JOHNSON. Just so.
Mr.. PEARCE. But beg to say something further. 1t
necessary that some military provision should be made,
and the exgcncy seemed TO require very large provision
Our army had been placed by the Of the Executive in
position OF great peril II for say that that
army should be sacrificed Not for hundred millions would
have sacrificed Of its gallant officers Of its brave
Perhaps may add that il very likely that would
have gone further then than now, because had then
fully Investigated the subject An amendment proposed
in the House Of Representatives by Mr. Schenck which fully
met my views. The amendment follows
astrae out all after the enscting clause and insert
Whereas Il has been communicated to Congress by the
President the United States that this Government
with Mexico, and call has been made Congress for
prosecute hotes the part Of the United States
and whereas Congress informed that In thus
cd losses have occurred to the OF the United States
poyed H the President the bank OF the river Del Nore,
perous situation, and requires speedy relief and reinforce
mcnt Therefore,
BE enacted &c That whie Congress will not sanction
approve the obc occupation under the orders of the Pre-
scnt Of the United States of territory bttwecn the rivers
Nueces and Del Nore by the armed forces Of the United
States, ot any hosies which have been carried by
order Of ta President against the Government people
relieve and the army United States IRON the
position IN which has become Involved aud to any
invasion encroachmen the territory OF this Union and
TO protect and defend ~ fullest extent the citizens aud peo-
pie OF the far the may be in any
affected cddapgere BY hosltcs with Mexico the Pres
dent is hcby auorized in addition 20 all the military and
naval forses OF the United States, to call for, sc.
That proposition sir would have met my entire approba-
ton and, if tina, had failed, should have been unwilling
place myself in the position Of denying supplies army
in peril should be disposed TO take Of my househo
first and would be only in the flush Of victory thatI should
feel inclined to spare those with whom warning.