New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-04-29

tsee IN the direction Of public Affairs. Be-
side this, there IL O certain prestige attached 70
continued presence here which impresses itself
strongly upon the " freshmen who enter Congress.
There are few members OF the Opposition who have
bestowed the serious attention upon this important
branch Of legislative knowledge, that II really de-
serves, and most from The habit which has grown
M in the Free States Of changing their representa-
tiyes every second third term of service, habit
which would be more honored in the bresch than
the observance. Had the polite Southern system
been adopted, of rewarding integrity and fidelity,
,here vouId be fewer doug h-fsces IN Congress to-
dsy. Among the pailiamentarians on the Republic
can tide of the HOuie, Mr.. Israel Washburn OF
Maine las been always noted for promptness vigl
lance and usefulness. Deyotng himself faithfully 10
the interests Of his constituents, and heartily TO that
of the great cause with which he is identified, he ls
ever TO be found at the post of duty, and ready to
take a full share Of every task and responsibility
Such men cannot be spared at this Crisis, when
proved men are 50 much needed. There are others
equally meritorious. who will claim attention indi
yidually hereafter. Ny present purpose was to
throw out the general idea for reflection, as one OF
mueh moment 10 future organization and success.
There are 70 be sure, scores OF eIceptonaoe cases
AS there is much force in the theory of rotation.
Irpon the application of counsel the judgment OF
the Supreme Court in the case OF The United States
against Fossatt involving the quicksilver mines IN
California, was postponed until Frday-it Is now
understood, in order to leave the case open for
future litigation, upon the question OF survey.
Although The Union to-day contradicts the state
ment of The In,eligeneer in regard to new loan oil
thirty millions, il leaves the point OF an application
TO Congress for discretionary issue OF Treasury
Notes contingent entirely upon the demands OF the
Departments for money between July and Deem
Der next which are TO be reported within ten days
Ii requires only half an eye TO see, that with the
present revenue from customs, and the approaching
absorption of the remaining Treasury Notes by the
Deficiency bill, that loan of some kind must De
s,ked. the credit of the Government must be I'M
paired or an extra session of Congress must De
called There are visible alternatives. a i've per
cent loan at ten or twenty years, would command a
premium in market with the immense accumu-
iaton Of idle specie and deposits IN the
banks. 1t would release 30 much lad-up
capital and distribute through the channels oi
trade beside, relieving the Secretary from the ne
cessity of " thinning" Wall street. Besides, II the
Administration is TO be carried by borrowing, as
now seems probable, the country is entitled to see
the public debt regularly recorded however NEON
venient ts increase may be to Presidential asprants
in the Cabinet. Treasury notes are mere make
shifts for raising the wind. They do not appear as
a loan would, and, therefore, allow the opportunity
of lodging responsibility. If Mr.. Cobb wants
money let him ask for oldiashloned loan, or get
no other relief linden.