New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-01-28
xxxth CONGRRss....Fir.t Session.
By Telegraph to The Tribune.
SENATE. WASHINGTON Jan. a.. !.


Mr. UNDERWOOD presented memorial from the
Board of Manages OF the Female Missionary Soci
ETY.. praying that lands west Of the Rocky Noun
tains may be set apart for the Indians
Mr.. BAGLEy presented resolution. TO be added
TO those offered By him few days sgo. insisting
that the oeople Of the Territories OF the United
States hive right to regulate the question OF
Slavery Ia their respective Territories
Mr. rC:LET. from the Naval Committee, reported
a bill for the relief of the widows Of the officers
sesmen and marines OF the brig Somers.
Mr.. BsSTOS introduced bill to amend the 65th
and Stat rules of the articles of relative 10 the
practice of courts martial and courts OF inquiry In
the army. Ii was read twice.
Mr. BaSTos presented a petition from Col. FIRE
MONT PRAYING the Senate 10 appoint COMMITTEE
70 examine persons in this city. as TO lisolli-
ties incurred by him in California for which he
considers the Government Responsible
A resolution presented BY Mr. ASHLEY enquir'
ing the manner in which the public printing is exc
cuted was adopted.
Tire Ten Regiments bill was then taken up
NJ PHELPS having the floor. went into calcuia'
ion n show the effect Of the War upon the Imam
cial and commercial Affairs Of the country lie es-
timated that up TO the lst July last, the treasury
had fallen in arrears. from the commencement OF
the war sos COO O0O At the close OF the present
wear this arrearage would be increased to not less
than $50 600 OOO He then examined the estimates
of the Secretary Of the Treasury Tor future reye-
nues all of which were too high Having made
deductions from each item IN the Secretarys
calculations and having shown how the es'i
mates of expenditure for the next two years, may
be expected to fall below the actual amounts re-
ouired he concluded that the Secretary had over
estimated the receipts for the next year about
sl7. 900 600. and moderated the expenditures
s22 600 00O He did not believe that the money
asked for could be obtained by loan or Treasury
notes The amount Of specie now IN the New
Boston Banks held about 100000. and the
Baltimore Banks 80 600 0o0 Ii would be I'M
possible for Government TO find s2O,OOOO0O
in specie and nothing else would be receiv-
ed for the proposed loan. The very large IN
vestments recently made in Government stock,
railroads and manufactures had absorbed most OF
the active capital OF the country. The money mar
ket ia now unusually stringent, and specie IL leav-
ing the country in large amounts by every packet
This state Of things Is likely 10 continue as long as
the war continues. Our stocks are rapidly depre-
cistng 10 value. Government cannot get money
from abroad. because other nations have no money
TO spare. and if they had, they have no sympathy
with us in this war. any would not aid in ts pro-
sec ltion by advancing money tot that purpose. In
every point OF view in which the subject presents
its Ell he could see only on embarrassed treasury
and distressed community.
Without closing ne gave way 10 motion to ad-
iouro, which prevailed.
HOUSE OF REPRESENTATIVE IL.
The Standing Committees being called upon i)r
reports nomber Of private bills were reported,
read twice and referred.
Mr. ROCKWELL, from the Committee on Claims,
reported. with amendments, A resolution providing
for the preparation and publication alphabetically
Of all private claims from the commencement OF the
XIVth to the close of the XNlNth Congress, with
the action Of the House and Senate on each partc-
uiar case. One amendment purposes 10 employ
James Young. at a compensation not exceeding
that paid 10 the engrOssing clerks OF the House,
the other clerks 70 render such assistance as may
not be Inconsistent with their ordinary duties.
An animated debate followed between Mr. Rock
WELL OF CT. Mr. ROCKWELL Of Mass. Mr.. EVANS
! of Nd Mr. POLLOCK Mr. COBB Of Ga. Mr. HENLEY,
Mr. HoUsroS of Del Mr. SMITH Of Ill. and others,
as TO the cheapest and best plan
| The Yeas and Nays were called several times
on various notion. and amendments, and finally
the report was agreed 10, and the resolution adopt
/ ed-Yees %, Nays 60.
The House went into Committee of the Whole
! Mr.. ]. Il. ISGErsoLL in the Chair, on the Presi'
dents Message.
/ Mr. THOMPSON of Indiana, addressed the Com
mttee II said he had been represented TO the
/ Neg.YOrk papers some weeks since, as having
made speech on this floor in favor Of the sublga
/ ton of Mexico. And in the Union of Tuesday ne
was again reported as having made speech IN
! favor Of the war aud the Administration. He had
made neither. lie would take this opportunity
/ 70 state his sentiments, and proceeded 70 DIS
! cuss the question. He insisted that the Nueces,
and not the Rio Grande, was the true line o.
/ boundary between the United States and Mexico
! He asserted tina, Gen. TAYLOR had never advised
the march OF the army to the Rio Grande, except
alphabetically. The President was determined 70
! make war and had deceived the people He had
! given Gen TAYLOR orders 10 march the army be
| yond the Neuces. ten days before he know Of
/ SLIDELLs rejection by the Mexican Government
And the President knew that SLIDELL would be
rejected before he sent him to Mexico Mr.. THCMP
son was eloquent and severe in his denunciatons
| Of the Government
Mr.. RHETT followed, and replied to the constitu
tional argument that had been brought forward az
I 20 the distinction between the war making and war
declaring power Of the Government Congress coult
Only declare war. whereas the waging OF war could
only be by the action OF the Executive On the
boundary question be laid down five propositions
!. Ne annexed Texas.
T. Texas had declared the Rio Grande 10 be her southern
ana western boundary.
3. Gen. Wei, Ia arnistice with Texas had agreeS
that Mexico should occupy the western frontier OF Texas
I on the eastern side Of the Rio Grande.
{ When annexed Texas, Il was distinctly under
/ stood that the Rio Grande the boundary.
s. The treaty made by Ex-Presltent Tyler for the An
nexaiion Of Texas rejected by the Senate because
made the Rio GraEde the boundary.
NJ. HBErT gave way 10 motion that the Com
mittee rise and report, when the House adjourned
From Washington.
WARRINGTON, jan n.