The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-01-31
LATEST NEWS.
TELEGRAMS.
From Washington.

WASHINGTON, Jan. 29.-The Democratic Sena
tors held caucus this morning on the subject Of
the tariff
Mr. Hunter offered resolution declaring it mex
pedient to change the law during the present ses
sion.
Mr. Bigler proposed a substitute as follows:
'Resotred, That the revenue being insufficient to
meet the expenses of the Government it is wise and
expedient to increase the mpost duties to meet the
deficiency"
Mr.. Bigler's substitute was voted down, and Mr..
Hunters resolution was adopted by large ma
jority.
Mr. Slide thereupon offered resolution which
was adopted setting forth that it is the duty of
Congress to look rather to the reduction of expend-
ltures than an increase of the revenue. There was
much excitement during the proceedings, during
which Mr. Hunter expressed his opinion that with
revival of business there weud be sufficient
revenue for the purpose of the Government.
Mr.. Bgler, it is understood, spoke ofthe suffering
of the industrial interests, and urged an increase of
duties He said that the public debt was now
S64, 900 900, and would be hundred millions by
the 3oth of June 1860, without the $50 900 pro-
posed to be added to the foreign intercourse fund,
looking to the purchase of Cuba.
Mr.. Toombs and Mr.. Benjamin were willing to
favor specific duties on the great staples but against
attempting anything this session.
MIR. lverson favored an increase of the tariff as an
absolute necessity, and while not favorng specific
duties would give 30 per cent. on iron.
Mr.. Douglas thought it was important that the
Democratic party should settle their policy as
&c whether they were for specific dd ralorem
duties.
Mr.. Houston replied that all seemed to agree on
party policy, that the tariff should be for revenue,
but that the mode of assessing the duties not a
party test.
Mr.. Fitch acquiesced in this view, remarking that
Senatorial caucuses while held for conference never
sought to bind men to vote for measures.
The result of this caucus has occasioned much
excitement among the members of Congress and
others.
The President will probably send message to
Congress early next week. showing a deficiency of
S2O,OoO,0 900, and urging the adoption of arrange
ments to relive the Government from prospective
financial embarrassments, reminding Congress that
only four weeks are remaining of the session.
A letter received here from Chill, dated Decem-
Der A. 1858, says: "The political horizon is every
day more and more cloudy, and the heretofore pru-
dent Chill, is rapidly losing her credit. There is
no present security. The Secretary of State, Mr.
Urmenta, has made convention with Mr.. Bger,
the American Minister, subecting the Macedonian
claim to the arbitration of the King of the Bel
gians 1t has been approved of by the Senate, and
probably already by the House of Representatives.
The compromise about the Franklin is now law,
and Mr.. Bigler will receive the fifteen thousand
dollars assessed upon it before the first ofJanuary"
The report that Mr.. Black, the Attorney General
OF the ne United States, is to be appointed Judge of
the District Court, in Pennsylvania, made vacant
by the resignation of Mr.. Irwin. is untrue. The
probability is that Mr.. McCandless, of ALLEGHENY
county, Pa, will be appointed, as nearly all the
III SOnSTesS, from tnaC state, nave nXeQ
in commencing him to the President for that post
Baron Won Gerot will unexpectedly return by
the next steamer. AS his arrival here was not an
tlcipated until June it is not improbable that our
demonstration towards Cuba, have created some
uneasiness with the European powers.
The House Committee of Elections Yesterday de-
cided to report resolution declaring Bird B. Chap
man entitled to the seat as delegate from the Ter
rltory of Nebraska, in place of Mr. Ferguson, the
gentleman now recognized as such by the House.
From Port Prince.
New YORK, Jan. pa private letter from Port
au Prince dated January 10th. received in st.
Thomas and Havana, says the Emperor Soulouuue
has been defeated by Genral Geffard, and that the
imperial troops were running back upon the city,
Soulouque himself was expected every moment, and
1t was said that Geffard was only few leagues in
the rear. The writer thought that the contest was
nearly ended and that in day or two the Re-
public would be free. At the time of writing
guns were being fired within hearing of the Capi-
tai, supposed to be a salute in honor of General
Gefard
Death of Mr.. Prescott the Historian
BosToN, Jan. 29-Wm. H. Prescott, ESQ.,, the
celebrated Historian died yesterday very suddenly
from paralysis. He had been in his usual health up
to the moment of his death.
From Havana-Arrival of the Steamer ArI-
ZOna at New Orleans
New ORLEANS, Jan. 2S.-The steamship Arizona.
from Havana on the 25th, has arrived
Sugars were firm, but quiet. Sterling Exchange
was quoted at l31a per cent. premium, and Ex-