The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-09


now taking, must arouse the Indignation of the country
1t is not to be denied that the wings, as party have
from the very first done all iher power to destroy the
moral effect OF our victories in Mexico and to prevent
the conclusion of an honorable peace Not content with
protesting against the violation OF the constitu-
ton-not content with informing the Mexican rulers that
they are in the right, while in the wrong-the
wings, by the very ground which, party, they have
taken on the question of territorial indemnity have dis
tncy held out to Mexico the promise OF escaping Scot
free from the war; IN she hold out in refusing
peace till their advent power But for this most fatal
policy of the opposition, satisfactory peace might ere
this time have been concluded With them, therefore.
rests the responsibility of proonging the war.
And now they meet this responsibility by scarcely
concealed attempt to embarrass the treasury in its efforts
to find the of sustaining and continuing our mill
tary operations What else is the meaning of the loan
bill reported by eCommittee of Ways and Means
Is pretended in any quarter that this is the best
which the wings of the House devise supply the
treasury Is the issue of naked six per cent. stock
the whole extent of their financial and inven
ton? Is there among the wings who pre-
tend to believe that this form of loan is likely be
taken up and bring the necessary to the govern
ment than the form of loan tried successfully,
and again urgently recommended by the administration
Is it, them raise money for the supply of the treasury
for purposes is it to make political capital at
the expense of the treasury and of the credit and char
acer of the country, for party purposes, that the gov
eminent plan of a loan is thrust aside, and this
wing loan bill brought forward The wings OF the
House-an accidental Observation-Disclosures hold the
power TO bankrupt the treasury because of the ex-
penses of the and to PROSTATE the public credit
if they unite for nefarous purpose They dare
not accomplish the object openly and it behooves the
whole democratic press and party to take that they
be permitted to accomplish coverty and by suber
fuge. Their game must be exposed TO the people
| Yet the work just goes bravely on. A few days
ago we had flaming panic pamphlet the finances
from Albert Gallan. 1t is spread out broadsde on the
wing sheets, great and small and hear that an i'm
mense number of copesa million, is saidhave been
Just sent this city, in pamphlet form, for franked dis
tribution through the country Yesterday the chair
man of the Committee of Ways and Means followed up
Mr. Galatians effort by elaborate and violent panic
speech in the House His main point, through three col
umns is that no reliance whatever be placed on the
executive esmates-that the accruing means vastly
over estimated and the coming expenditures vastly I'M
estimated land that between the wo the estimates
this same gentleman while thus plainly, for panic pur
poses denouncing the estimates utterly unworthy of
confidence bases the of his proposed loan upon
them exclusively and asks for just sixteen millions of
dollars in pursuance of the Treasury recommendation
But here his zeal follow the Treasury Department
very suddenly stops Having proved to his satisfac-
ton the total of the Treasury estimate to be wholly
,orong, he very cheerully adopts that sum total as
l. D,,t al,
mode of making the oan-whch mode has not proved
nor attempted PROVE to be wrong; but which, the
contrary, has heretofore fully proved itself be right
and efectua-as this mode of loan, he throws it
board without single word OF explanation and brings
forward in its place issue OF per cent stock;
measure for which, believe, not precedent be
found in the experience Of any government after it had
been eighteen months at war;
Such course of policy this cannot cheat the Amer
lean people Its purpose is plain: it is to cramp the
treasury, under preence of supplying it, is to cripple
the war; under petence OF voting the money for it. Let
this bill pass reported, and let the government plan
Of loan be refused, and the financial responsibility
of the country is with the wings, and not with the
administration or its supporters The wings have
had that responsibility before and they have speed
| ily broken down under it. Their present course in
thus assuming it, will PROSTATE them all the sooner in
that while Gripping the treasury now, they may expose
not only national credit at home, but also our ma
onal and honor in Mexico to deplorable disas
ter Nor will the people forget in this connection, tina,
the wing leaders themselves have avowed OF their
purposes in thus refusing the government the loan ia
cties for which it asks, to be the restoration of the
:" black tariff 1t is avowedly to saddle the country
again with that odious and iniquitous of 1872
which the people have recently rampled under foot,
that the wing majority of the House would take
TO bankrupt the treasury to distress the
try and TO break down the But the day of reckon
ing is at hand and h-spirited, patriotic, and ndig
nant people will call them TO a fearful account.
| The war of the white and red still continues
The wings have not yet decided whether they will run
a general a cvilianMr Clay General Taylor. II