Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1858-12-23

eur in the opinion expressed in his report
that the public debt should not be increased
by an additional loan, aud would therefore
ST. ongIy urge upon Congress the duty oil
making, at their present session, the neces-
sary provision for meeting these liabilities.
PARAGUAY.
On the Cd of-June last, Congress passed
ioi IT resolution authorizing the President
ITO adopt such measures and use such force
as in his judgment, may be necessity and
advisable, "''lor the purpose of adjusting the
differences between The United a'es and
the Republic of Paraguay, in connection
with the attack OH the United States steam
er Water WITCH, and with other measures
referred 10" in his annual message. And
on the 18th July following, they made an
appropriation to deiray the expenses and
compensate a commissioner 10 that Repub-
lie, should the President deem ii proper 10
make such all appointment.
In compliance with these enactments,
have appointed commissioner, who has
proceeded to Paraguay, with full power and
instructions 10 settle these difficulties in an
amicable and peaceful manner, ii this be
practicable. His experience and discretion
Justify the hope that he may prove success
iul in convincing the Paraguayan Govern
ment that 1t is due, both 10 honor and jus.
I,ice. that they should voluntarily and
promptly make atonement for the wrongs
which they have committed against the
United States, and indemnify our injured
citizens whom they have forciby despolled
of their property.
Should our commissioner prove unsuc-
cessful, after sincere and earnest effort tC
accomplish the Object of his mission, ther
no alternative will remain, but The employ
ment Of force TO obtain Just satisfaction
from Paraguay. In view of This contin'
gency the Secretary of the Navy, under m!
direction, has Fitted ont and dispatched
naval force, 10 rendezvous near bIeno:
Ayres, which, it is believed, will prorf
sufficient for the occasion. Ii is my earnest
desire, however, that it may not be found
! necessary 10 resort 10 this last alternative.
THE CRISIS AND THE IRON INTERESTS Ex'
..-.. PLANNED. 5,p--' r-
When Congress met in December last
the business OF the country had just beer
crushed, BY one of these periodical revul'
sions, which are the inevitable consequence
of our unsound and eXlravagant system o.
bank credits and inflated currency. Will
all the elements Of national wealth in abun-
dance, our manufactures were suspended
) our useful public and private enterprise:
were arrested, and thousands OF laborer:
were deprived of employment and reduced
10 want.
Universal distress prevailed among th'
commercial, manufacturing, and mechanical
classes. This revulsion was felt the mor'
severely in the United States, because sim
liar causes had produced the like deplora
; Bile effects throughout the commercial nations
of Europe. All were experiencing sad re
) verses at the same moment. Our manuinc
turers everywhere suffered severely, no
g., because of the recent reduction in the tarii
: of duties on imports, but because there wa
no demand at any price for their produc
lions. The people were obliged TO restric
themselves in their purchases, 10 articles o
prime necessity. In the general prostrailo'
Of business. the iron manufactures in ditier
5 ent States probably suffered more than an,
her class, and much restitution was tn
inevitable consequence, among the grca
: number Of workmen who had been employee
. in this useful branch Of our industry. =
There could be no supply where there was
no demand. To present an example, Their
could be no demand for railroad iron, ate
our magnificent system Of railroads, extend
, ing IFS benefits TO every portion Of the Union
had been brought 10 dead pause. TIL
same consequences have resulted from sim
{, liar causes 10 many other branches of usei'
manufactures. Ii is self evident that wher
there is no ability 10 purchase nanuiac
tured articles, these cannot be sold, an
consequently must cease to be produced.
: No government, and especially govern
: ment of such limited power as that Of th
United States, could have prevented th
la,e revulsion. The whole commcrcia
world seemed for years TO have been rush
: ing TO this catastrophe. The same ruinou
E consequences would have followed in III
United States, whether the duties upon for
E eign imports had remained as they wer
under the tariff of 1916, or had been raise
10 mulch higher stahdaru. ihe TAI III
1857 had no agency in the result. Tn
general causes existing throughout tn
world could not have been controlled by th
legislation Of any particular country.
THE CAPTURED sLAvrR.
On the DIST of August last, Lieut.. J. N
NatfiIt, Of the United States brig Dolphin
captured the SLAYER "Echo," formerly tn
Putnam, of New Orleans, near Key Yer
, de, on the coast Of Cuba, with more thai
three hundred African negroes OH board
= The prize, under The command OF Lieut.
Bradford, Of the United States Navy, arri
, we'd at Charleston on the 9th August, wheI
D the negroes, three hundred and SIX in mum
i. ! Der. were delivered into the custody OF tn
U. S. Marshal for the district OF South Car
\ Dina.
!; They were first placed in Castle Pinck
a new, and afterwards in Fort Sumptner, fo
: safe keeping; and were detained there III
. ill the 18Th September, when the survivor
two hundred aud seven,y-one in number
\ were delivered ON board the United State