The Yazoo Democrat. [volume] (Yazoo City, Miss.) 1858-18??, 1858-12-11
TELEGRAPHIC NEWS
GFrom the Daily Delta. I

FROM the Ually Deita.
OPENING of the Thirty Fifth Congress
Second Session-The Presidents Message.
WASHINGTON, Dec. 6-The Thirty Fifth
Congress commenced its second session to-
day
The Senate met at noon and received the
Presidents message at ten minutes to .
o'clock this afternoon.
Synopsis of the Presidents Message The
Tariff.
WASHINGTON, Dec. 6-The President,
in his message to Congress, referring to the
tariff question, says that when Congress met
in December last, the business of the coun
try had been crushed by one Of those peri
odical revusions caused by an unsound and
extravagant bank credit system, which inha
ted the currency of the country, and manu-
facturers and all public and private enter
prises were suddenly arrested, and thousands
of mechanics and laborers were deprived of
employment in consequence.
The commercial, manufacturing and me-
chanical classes, be says, suffered severely,
not because of the reduction of duties, but
because there is no demand for their pro-
auctions at any price. Articles of prime
necessity are wanted Iron manufacture
suffered more than any other; and railroad
enterprises being brought to dead stand,
as matter Of course, the iron manufacture
ring interest suffered also from that cause.
The President says that no Government,
and especially none of limited powers, could
have prevented the disastrous rcvulsion of
last year.
The same result, be says, would have en-.
sued, had the duties been higher
The tariff of 1857 had no agency in the
recent financial disturbance which existed
throughout the world.
They could not be controlled by legisla,
ton 10 any particular country.
The effects of the late revulsion, be says.
are now slowly, but surely passing away, and
the energy and enterprise of our ctizeus,
together with the unboundcd resources at
their command, will doubtless, within anoth
er year, restore the country to a state of
wholesome industry.
Trade and capital have again accumulated
in our large cities, interest is low, confidence
is generally restored or recovering aud as
soon as capital can be probably employed
in commercial and manufacturing enterpri
ses, and in the construction Of railroads aud
other works of public and private improve
uent, prosperity will again smile throughout
the land
No tariff short of absolute prohibition can
prevent the effects of the imitation of our
currency beyond that of other countries
whose manufactures come in competition
with ours.
From these causes our imports have been
abridged, aud our revenue has proved mad
equate to meet the constantly increasing ex-
penses of our Government.
The act of the Odd of December, 1857,
authorized the issuing of Treasury notes to
the amount of twenty millions of dollars.
This proved inadequate to meet the estimat-
ed expenditures, aud the act of the 18th Of
June, 1858, authorized government loan
| of twenty millions in addition.
No statesman would approve this increas-
ing national debt to liquidate the ordinary
expenses of government. This would be d
most runous course of policy to pursue. 1t
would be ruinous to continue to borrow, and
besides Incidental protection by revenue
tariff would to some extent give fresh impe-
tus to our industrial interests.
No one, he says, will object to such re,
suit Sound policy requires specific duties
wherever practicable.
Upon such articles as iron, raw sugar and
foreign wines and spirits, specific duty i,
the best, if not the only means of securing
the revenue against frauds and giving ouI
manufactures the incidental advantantage.
of a revenue tariff.
The present system of the sliding scale
operates disadvantageously to the manufac,
turers.
The Nicaragua Transit
The President says he has no objection tC
offer against granting fair compensation
to the Government Of Nicaragua for transit
through their territory, but insists that the
route should not be closed by any arbitrary
decree of that Government.
He recommends Congress to authorize
the employment of force to prevent its OBJ,
stfuction by lawless violence, and says thai
similar necessity exists for the protection o.
the Panama and Tehuantepec routes.
House 0, Representatives.
One hundred and eighty-nine member,
answered to their names. In the House
Mr. Grow, of Pennsylvania, introduced 3
bill to amend the Court Of Claims act, tc
prevent creditors suing 10 the District Courts
or United States Courts of Iowa for the con.
struction of the Central Pacific Railroad.
VIM. L. Dewast, Of Pennsylvania, asked
leave 20 introduce a resolution, instructing
the Committee on Ways and Means to re-
port a bill increasing the duty on coal and
iron, and, in compliance with the request Of
several members Of the House, be would add
lead, sugar, and such other articles as need
ed protection.
A suspension Of rules was moved and
negatived by lO2 yeas to 81 nays, two
thirds vote being necessary TO carry it.