The American. [volume] (Washington [D.C.]) 1857-1857, 1857-12-23

-s8 FOR Fffth and Seventh wards, MORTIMER oAALI-
wooD.
b HsSHY BoYxR, Agent for Alexandria. 7
------ 1l eI.l
1.-THE UNION OF THE UNIONISTS, FOR
THE SAKE OF THE UNION!!"
H- Communications, advertisements, DC.
&c, for the "American,' may be left at No.
1921 Pennsylvania Avenue, fuckers Sports
mans Warehouse. This place is central and
convenient, and we trust our friends will re-
member that we are ready and willing to do
them good, at all times, by advertising their
commodities, and drawing the attention Of the
public thereto by articles, under the local head
We are disposed to put them in good humor
with themselves and with us, and to keep them
so. IF there are any that don't believe us, let
them try it on and see what they'll get.
EV The discussion which took place in the
Senate upon the Treasury note bill last week,
is well worthy of perusaL 1t is a long time
since we have heard great financial questions
discussed in the statesman-like manner they
then were, especially by Mr.. Simmons, than
whom no man in the Senate is more familiar
with such questions, than whom no man has
clearer perceptions or sounder views ofpolitical
economy, and the effect of measures upon the
industry and prosperity Of the country.
The fallacy Of the sub Treasury scheme was
clearly exposed by Mr.. Dixon, Mr.. Collamer,
and, other Senators, and. Mr.. Simmons trium-
phantly controverted the assertion Of Mr.. Blu
chanan, that the present financial crisis was
the consequence Of the over issues Of sthose
irresponsible institutions" the banks. He de-
monstrated with the clearness oflight that the
causes which have brought this state of things
upon us are--over trading buying more than
wee an pay for; and this superinduced by near
approach to free trade, on our part or the hold
ing out Of temptations to buy foreign goods, in
stead of manufacturing them at home.
"Duripg the last ten years." said Mr.. Simmons
Of England, which is, to obtain the commercial as
tendency ofthe world"
z France has had more wisdom than the Uiit
ttes and she has been reaping harvest 70, Lne
last Eve wears. She has not gone into free trade !;
and If there were no other Recommendation for
Louis Napoleon, this would go far towards cover
ing up some defects which do not think il proper
TO mention In the Senate"
Again, in subsequent part of his speech,
Mr.. s. says, with truth and force:
7s"A As soon as we can see market in v hich to
sell our own products the industry of this country
will shake off its letharay and gloom, and you will
see il bound forward in its ordinary march TO sue
cess. tits impossible TO get credit on such
ket as We have now and q man would be fool TO
take il If he could get Il, and produce for mar.
ket that is in the hands and under the control Of
Foreigners"
Mr.. s. here alludes to the fact he had before
stated, namely, that there were thirty-eighi
millions worth of foreign goods now bonded in
our warehouses, that stand between the pro.
Queer and the m,rket as the great dragon Of
the Apocalypse, ready to deyeur the first dawn.
ings of remunerative market" d RI.
rasI tell our friends Of the cottongrowing region
that they win rue the day when they establish, d
this free trade system, as It Is called, but is moi
truly 30 called. Il is q one-sided system, thai
brings us in debt all the time, and prostrates the
consumers Of their staples within the limits Of the
United States, and gives them Europe their only
customer The result will be to them the same AZ
II they we're in the hands of private money lend
er. There is no emil TO their exactions. You
want competitions in the market for purchasing
your articles ana the best competitions are those
nearest 70 you. ",
"om own country, ten years ago, furnished .
market Tor six hundred thousand bales Of cotton
annuslly, and Il has not increased bale since. II
you had allowed tariff which protected your
revenue from fraud 70 stand, the consumption In
this county, 10 day, would have been one million
two hundred thousand bales annually.
There is no honest importer who can live by thu
ode Of these Germans. Il Is national degrade
ton TO see the quotation Of exchanges In thi
country, 49,
"A German drawing on an English banker ha,
adecided preference in our market over an Ameri
can bank, whose draft Is based on produce tina
wili bring ifty per cent. advance on It's costl"
But ws1bave not room for further extract
from this excellent stAtesmanlike speech. L
made . deep impression upon Senators o
both parties, and will also upon the country
awaking attention to the true causes of oul
present severe financial revulsion, and point
ing out the true and only permanent remedy.
Mr.. Bell also addressed the Senate on thu
same subject and spoke with great force
The Louisville Journal concludes . long ant
able review Of the Presidents zigzag course on
the Kansas question, first and last in the fol
lowing scathing remarks: f
a"Such IL the staring and merciless sbsurdity
10 which Mr.. Buchanan has committed himself
on the Kansas question, with no earthly motiv,
higher than sheer moral cowardice. He hal
melted like wax in the hands of the Fire-eaters
Who, on the morning Of his Inauguration, coult
have foretold this early and deep disgrace
How dark day for SO bright a dawn Grown
old in public life, which, It must be admitted
he had encountered rather than adorned, crown
ing successful career of Office with the su
preme Office in the nation, II not the noblest il
hsworld, and, with rare apparent disinterested
nsss, voluntarily excluding himself from tn
Succession, thus comparatively isolsting hi
Administration from the distracting and cor
rupting influence Of personal ambition, tn
country, az, the world, for the tide Of politics
fortune had carried him alb Dad, looked to MI
Buchanan for ct least an honest and indepen
dent discharge of the duties of his great place
But though sustained by such auspices, h
has ALLEN, Ia the first year Of his President,
term, supple slave At the feet Of the mos