The south-western. [volume] (Shreveport, La.) 1852-1870, 1858-12-15
General Intelligence.

General Intelligence.
WASHINGTON Dec 6th-The thirtv-fifth congress
commenced its second session to-day
The senate met at and received the presl-
dents message at o'clock this afternoon.
Synopsis OF THE PRESIDENTS MEssAGE.-The presI-
dent in his message to congress- referring to the ta-
rffqueston, says that when congress met in Decem-
Der last the business of the country had been crush
ed by of those periodical reyusions, caused by
unsound and extravagant bank credit system
which inflated the currency of the country, and man
uactures and all public and private enterprises We're
suddenly arrested and thousands of mechanics and
laborers were deprived of employment in conse-
quence.
The commercial manufacturing and mechanical
classes he says suffered severely not because of the
reductions of duties but because there is no demand
for their productions at any price.
Articles of prime necessity only wanted. Iron
manufacture suffered more than any other; and rail
road enterprises being brought to bad stand, as
matter of course, the iron manufacturing interests
suffered also from that cause.
The president says that no government, and espe-
cially of limited powers could have prevented
the disastrous revulsion of last year.
The same result he says would have ensued had
duties been higher The tariff off 1857 had no agen-
cy in the recent financial disturbances which exist
ed throughout the country and throughout the world
They could not be controlled by legislation in any
particular country. The effects of the late revulsion,
he says, now slowly but surely passing away,
and the energy and enterprise of our citizens, to-
gether with the unbounded resources at their com
mand will doubtless within another year restore the
country to state of wholesome industry.
The trade and capital has again accumulated in
large cities, interest is low, confidence is gener
ally restored or recovering, and as soon as capital
can be profitably employed in commercial and manu-
featuring enterprises and in the construction of rail-
roads and other works of public and private i'm
provements, prosperity will again smile throughout
the land
No tariff short of absolute prohi can prevent
the effects of the imitation of currency beyond
that of other countries whose manufactures in
competition with ours.
From these causes imports has been abridged,
and our revenue has proved inadequate to meet the
constantly increasing expenses of our government.
The act of the 23d of December, 1857, authorised
the issuing of treasury notes to the amount OF twen
ty millions of dollars. This proved inadequate
to the estimated expenditures, and the act of
the 18th of June, 1858, authorised governmental
loan of twenty millions in addition.
No statesman would approve this increasing ma
tional debt to quidate the ordinary expenses of gov
eminent. This would be ruinous policy to pursue
1t would be ruinous to continue to borrow, and be-
sides incidental protection by revenue tariff would
to extent, give fresh impetus to our industrial
interests.
No one, he says, will object to such result Sound
policy requires specific duties wherever practicable
Upon such articles iron, raw sugar, and foreign
wines and spirits, specific duty is the best if not
the only means OF securing the revenue against
frauds, and giving manufacturers the incidental
advantages of a revenue tariff. .'
~ .Ia nfaa+'o7rar
The president says that he has objection to offer
against granting fair compensation to the govern
len' " ~ ~ w
Tory put insists thaC he Iou'e not DC closeo
any aloltiaiy uJIiee VI .la'
Ais l'nu' " e ',ie
menu VI 'oles' W i.s ~
vioiece anu sat IiiaI siiial eAis.e iol
the 'fo1ection u 'ile ahan'a an '1e Aehuan'ePec
1ouVes'
The report OF the secretary OF the treasury states
that the aggregate receipts for the last fiscal year
were eighty millions OF dollars, and the aggre-
gate expenditures eighty -one million of dollars.
Ihe secretary the receipts TO Inc 3oth OF
june loo9, al sol ouo ana the expenditures 1or
the same time at $I4 Oo0 OO0-leaving balance IN
the treasury on the LIST OF Jul next, OF S. OOJOOU
The secretary estimates the expenditures for the
year ending on the 30th OF June, 1867 at OOO
and the receipts for the same period at $l3OOO 0O0,
leaving deficiency OF S4oo0oOO 10 this estma-
ted deficiency should be added OOU tor the SER
vice of the post office department during the present
fiscal year.
The secretary remarks that the present estimates
are suoliitieu unu1 nole a'oaoie
.ian WY 'usI VI as
Az t;,atnd I,G" ~; Ego A..
~ 49,, 80, ~ ~ 4;a ~ H.
- ada;t;anal d+a y. .'i -. 'nu 'e
~. ~ " 49,; H.. 100 ~ CO. 'o
10 tne ou.ig' 'ia' .e{ VIII p1 ooihe py .e
peopte a. i 1a 'No ~ ''i0 ''i'' Il" "4oo 'Ae
in9 S1 equai pui t, 'a.o+, - H.,
~ sI5 vs. f VI w
lhe0o cuu tt1uiao n VI 49, Va
Sn1 W. Ing VI '''e '''-'' "a '"'' Se'l 10 Aoy NC
'o ~ - ... u.t: Il a., e,o.c
49, 49, .oralo,+ ,o
nora-r ;,nraasa ~ t,x,t;on @' - N'''
ny aaa.atar o"nS;Jana tho eu,,,,,. o:u
ro'a+ vi. aI nlIuus oooasioaiiy
paoo,n,ends hat scbadn1ns r. n u "J
,;I .. t+ f +olt e.. 49, ~ A w
aar nant " Wv - :" 0A'' A''eei'' anu 'en
Tat;ns tho lamentations of 1oe+ Wow &c h,s;s
bs Of aIat;on tho 40
,ng mant tbe rayanTe YEARLY % noo n4o '1l
p aSt;,nat;n tbe rene;nt. "a
ort fnnI u.s. tho anu "a ~. .ne
1iataI t radaar tho nas =. 10 l'o'
10 rooonononds ,,raUiOin, - ,,aet tl, no'e' auo
The sacretsrv Ppneaks favo,ah1n Of ,ha ;nadon+
SStasn nd rao,,sl l., ,
,onsoiidat;on Of the reven"a Iaus ''''''0' anu
mr. avaor+s for 10 ,-or - A.. ~ 49,, ,o.1 1
s5s tho Secretary statas anonntoS 70 aaoo ono on6
ud ,ha ;nnnorts 70 $3.50 400 Oon tha ~,to, ho;r
lacraaso Of "a O01 lO0 90 cono,orad ,;tb 10 -
,or+.t;ons of tbe nreSan+ .-asr W. "'''A '''0 i'1
HOUSE OF hEPREsENTATlVEs.-loS members answer |
"a to their names. Mr. Graw' OF "a, introduced
PHI TO amend ehe court OF Claims act TO prevent Gre
iitors from SUING IN the disfce courts OF . courts
"A.