, 1859-02-10

The Financial Strife at Washington.
The general government is at dead lock
ever tile question Of Ways and Means for
shouldering itself through another twelve
month. Tue Secretary Of tue Treasury is ut
dead lock with the President; the Northern
Democracy are ut u dead lock with the South
ern Democracy; tile Committees of both
Houses are dead lock the Republicans arc
Traced square against the Democratic eau
Gus; and all parties md people are waiting
to see where the timbers will break. The
strain comes hcavicet on the Pennsylvania
Democrats md their scattering allies who
hare stood out against the caucus decision of
their party, and as VIC have no doubt there
will be q smash somewhere before the ad,
]ou1nnent, whereby the South will carry her
points without yielding an inch On the tariff,
ne look confidently to see it come in the
vc1y 1Keystonc" Of the federal orch, But
three weeks te,nain TO settle the question,
and In that time, what cannot be done in The
way of bullying and communicating, will
undoubtedly be accomplished By parliament
ary address in staviug OF any chang. in
the revenue system till the hour when the
X41Vth Congress shall cease to be.
On its naked merits the case stands thus ::
The receipts into the treasury from legitimate
sources are some forty millions per anuum
below the expenses as footed up by those 10
whom the nation has entrusted the business
el1'y millions have been added to the nation
al debt since those eminent financiers. Bucban.
an, Cobb (author ot several thew storics.'n
Floyd [the successful peddlar Of military res
ervations> and Toucey {the celebrated ecsno-
mist III SHIP stores and marine engines) took
the national funds and national affairs in
their wise keeping. Yet there is no money
left to 80 on with, and Congress is thrown
upon tue ezpedienta Of going still deeper in
debt, or making q few notifications Of
the tariff to fill the treasury, clear off
the debt and go on with a clean balance
sheet. In addition TO those reasons wb7ch
would impel private citizen to adont 1hr
latter, the manufacturing interests Of The
country, but especially The operators and ar-
tizans in iron, are suffering beyond anything
known lor years, for the incidental protection
which would be afforded by the specific duties
proposed ty the Republicans and Northern
Democrats in Congress. Which ~cou1se, xe
ask every intelligent citizen, is the one to be
pursued by q sagucious body Of. business
men! Clearly that which at the same time
brings bona Itide cash into the treasury. and
relieves an important branch Of nat;on,1 in.
dastry.
The course Of the illinois Democracy m
these questions is little peculiar, and eeems
to have been dictated by Mr.. Douglas with a
view Of regaining his lost position among
the slave drivere. The action Of the Demo.
cratic delegation from this State in. separating
Themselves from the majority Of their patty
III the North and supporting Cobb's treasury
policy throughout, may he taken as votc Of
confidence in the Charleston Convention.
Hardly anything else could have induced 1Ir.
Douglas and hin friends to desert Col Forncy,
their ateaafazt friend, and zsnge ihemse1ves-
under the banner Of the Georgia Secretary,
eaer determined and titter foe...