Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1859-02-04
THE NEWS.

A Washington dispatch of the Goth
says: 1.-THE Committee on Ways and Means,
at . meeting yesterday, decided some impor-
tant points. 1st, In favor of modification Of
the tariff, Phelps, Phillips, Davis, Maclay and
Morrel being in favor, and Crawford, Dow
dell and Letcher against The sense Of the
committee was taken as to whether a inodi-
fication Of the tariff should be combined with
any loan to be granted. This was carried !:
Messrs. Phillips, Norrel, Davis, Howard and
Maclay voting ave. and Phelps, Crawford,
Dowdell and Letcher, nay. Mr.. Phelps then
submitted his bill for the modification of the
tariff. 1t proposes to raise $6.OOO.0O0 of
additional revenue, by adopting the decimal
divisions suggested by Mr.. Cobb, transferring
articles from the free list to the proper sched-
ules, and transposing some of the existing
schedules. Iron is put 25 per cent, cotton
90, woolens Is, and 100 per cents of the
tariff of 184S reduced to 50-all the duties
ad valorem. The loan proposed by Mr..
Phelps is $4OOO.OOO."
! Flynn. the murderer of Glennon at Sus-
pension Bridge, in July, 1856, died in Lock-
port, N. Y, on Sunday morning last, where
he was confined under sentence of death.
From THE PAclFIo.-The steamship llli-
nois arrived at New York on the 2S,h, with
200 passengers, the California mails of Jan.
5 and 81 100000 in treasure The news
was anticipated by the overland mail.
F"KElaN.- The steamship Arabia arrived
at Halifax on the 28th, wi h a weeks later
new, from Europe. Disquietude continued
on the continent, and warlike rumors still
circulated, but the panic had sensibly abat
ed, particularly in London. The English
pa lament had been summoned to meet on
the 23d of February. The latest information
in regard to Italy is, that large Austrian
re- iDforcements had reached Lombardy and
that chances of a revolt were diminishing.
WIN. H. Prescott, the historian, died
very suddeny at Boston on the 28th, from
paralysis He had been in usual health up
to the m oment of his death.
The Democratic Senators at Washing
ton held caucus on the morning of the Goth,
on the subject of the tariff. Mr.. Hunter Of,
fered a resolution declaring it expedient to
change the law at the present session. Mr.
Bigler presented substitute therefor, as
follows .sResolged. That the revenue being
insufficient to meet the expenses of the Gov
ernment. it is wise and expedient to increase
the import duties to meet the deficiency"
Mr. Bigler's substitute was voted down, and
Mr. Hunters resolution was adopted by a
large majority. Mr.. Slidell thereupon Of
fered resolution, which was adopted, tina t
it is the duty of Congress to look rather to
reduction of the expenditures than to an in'
crease If revenue There was much excite
ment during these proceedings, in which Mr..
Hunter expressed the opinion that with a
revival "f business there would be sufficient
revenue for the purposes of the Government.
Mr.. Bigler, it is understood, spoke of the
suffering industrial interests and dnprged in
creased duies. Il said the public debt, now
1854 900 900. would be $1oO,0O0,00o by the
Both of June, 1860, without the $50 100000
proposed to he added to the foreign inter
course fund, looking to the purchase Of Gu.