New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-19
FROM. WASHING TON.
oors.p,a..rce Of TIE n. Y. Tribune.
WASHINGTON MAJ l. lsI-

Core.p,a .erce Of Tie n Y. Tribune.
WASHINGTON, Nsy Il, l3j3.
An application will be made TO Congress during
the present week for a further use Of the public
credit 20 cary on the Government through the re-
GEES. Alter much hesitation and cogtatOn, the
Secretary is at last persuaded, against his own for
mer convictions, thst small receipts will not meet
large expenditures and that he must either borrow
or run aground The Cabinet will determine to.
morrow the extent and form Of the relief to BE-
aked, though it is evident that FIVE per cent loan
for tea or twenty years will command premium,
aad at the same time sfo:d substantial as
distance to the community By the withdrawal
Of so much specie from the banks where it is now
IDLY accumulated. Notwithstanding the discretion
of the Secretary TO reissue the twenty millions of
notes under the act Of December last il is notice
able fact that none of them bearing over three per
cent have been returned to the Department for
customs dues or public lands. They have all been
absorbed but the first six millions. which will take
the same direction when again put out, "a it is TO
be presumed the Secretary will either adopt the
average interest OH the other issues, so as to main
tain uniform value Or..expOse them TO public COM
petition Practically, therefore, these Treasury
Notes have only served the purpose OF years loan,
and will have TO be covered by new authority OF
Congress at the next session, unless authorized to
be funded under the new bill about to be passed.
The Senate, after some discussion, confirmed the
nominations of Fowler and Rynders to-day. The
latter was laid over last Friday, upon the objection
of one of the New-YOrk Senator'S. Mr.. Sche is
vet hung up in Committee and strongly opposed BY
Cochrane and Sickles who are striving to compel
terms by which their peculiar friends will be pro-
yided for. If such officials as Rynders can pass
muster. there is certainly no good reason why
gentleman ike Mr.. Schell should not be confirmed,
and especially the only objection urged against
him IT, that be will not yield to the exactlons of
lover partlS3ns.
The appointment of Col Arthur p Hayne to fill
the vacancy in the United States Senate from South
Carolina is only regarded as Temporary compliment,
conferred by the Governor mark OF his personal
esteem. Col IIayne is highly respected citizen,
Of far abilities, and more distinguished by his stately
bearing than BY any other quality. Mr.. Boyce of
tie House of Representatives, ex.GOv. Manning.
Col John s. Preston, Col. Chestnut and Mr.. Kett
are all named candidates for the long term, and,
with one exception, they are all from the same part
of tie State Boyce, Preston and Manning are all
men of mark, and would reflect honor upon the
portion. The first may be considered among the
rising statesmen of the South and with only small
faint Of the fanatica sectlonalism, which has been
ore OF the chief characteristics Of his predecessors.
There is official information here verifying the
in the Gulf of Mexico. Still the President has not
felt at liberty to disregard the publications made in
various quarters, and instructions have been issued
TO the Home Squadron, which will soon test the
truth of these allegations in practical FORM One
impressive circumstance about all these rumOrs Is,
that hey were not at once communicated IN form to
the Government, so as to justify the sternest and
promptest preceding. Aud another is, that Amer.
lean captains would submit. as tamely as they all
appear to have done, to the intrusive search of
British officers. This system was one of the
aggravatpg causes of the war of 1872,
and if pursued, as is now alleged, canuot fail to
disturb the peace of the two countries. That is the
point OF all others upon which the public mind here
Is sensitive and resentfu and it is only surprising
in the face of recent professions that such proceed
ngs should have been attempted. For it is no Sc
cret in diplomatic circles, that since the advent OF
the Derby Ministry, overtures OF most friendly
nature have been made for the adjustment of all
outstanding differences, including those in Central
America INDEX.