Daily Richmond Whig. [volume] (Richmond, Va.) 1861-1862, 1861-12-05
THE CABINET.

We slboin the following facts aud fances Of the Wash
ingtou correspondent Of the Yankee press:
l. cauuo. be disguised that the clbnet is very sOrey
chsgrinsd and dssD3onsd az the naciou Of Gen Sher-
mla Il was expected that he would At olcr push for
thsotsrior occupy Beaufort, szs the CHARLESTON
Slvlnrsh R-oai burn he bridges and ,or'iiy himself
beseen che rivers before the enemy could recover
from their panic and concentrate Instead Of this he
has se.tlsd down alphabetically at Hilton Head. Toe re-
gu4ri.y with which generals tOppe fast a.
government sets them up, is melancholy to reflect up
o..
General Mcclellan recently addressed letter TO G,r
B1nker containing such expressions Of dispeasure that
me latter was compelled 10 resign which he did on the
25h inst Fraud and pecuiAou in his official position
are charged against Benker.
Persons veil informed say the Cabinet stands four to
three against freeing the slaves and putting arms in
ghnir hands % put down rebellion.
General Cameron aud Secretaries Chase and Welles
favor r. and Seward Bates Blair and Smith oppose it;
The most bitter opposition is made BY Smith Blair and
Seward The President. understood to favor IT, though
be ta' not come on! yet Ike the Cabinst members.
CHANGE IN TIE FISCAL SYSTEM OF YANKEEOOM
"Ioa," OF the Baltimore "Sun," Writss tha. Journal
i'Jn Washington, on the 25.h, as follows:
,umor prevails in commercial circles that the Score
tuy OF the Treasury viii recommend In bis report az the
opening OF Congress considerable increase of the rates
OF duties upon various articles aud especially sugAr-
This has created discomfort among mporters who
have expected revival of the import IN de after come
lime The measure a. however, highly approved by the
friends Of protective tariff and also BY some fnancia
IL il urged thu, upon the revival OF shat import
trade gold must 90 out ard that this will create fna1
cit panic in Nee ork and embsrrass the Operations OF
the treasury during the neat spring when loans will be
wanted
IL ia also urged that heavy il not prohbitive duties
uDol iron, sOoeDs g., will greatly encourage domes-
c industry and enable the pNope PAY internal taIcs
without inconvenience Ia return for protection tue
manufacturers mngt pay excise duties upon their pro
ducts Ths M Guthris's theory when Secretary of
the Treasury. Toe gross products OF manufacturing in
dultry we're then estim,,ei a. thirteen hundred mlous
since which time &c has been increased II the revenue
from imports be further reduced internal taxation must
lie increased and must fall upon the favored interests
IL Is also YumOrsd thai the Administration Vl propose
70 Congress the adoption Of a fiscal system whereby
the Independent treasury system will DO Substantially
abandoned ani national paper currency, founded up
On the credit Of the Government be created Treasury
notes. payable 20 the bearer OF the denomination OF FIVE
dollars and upEard ull probably become subs lutte
for local bank paper.
Some prominent Republican Senators favor project
for the establishment Of national bank as fiscal agent
Of the Government but Others would prefer treasury
hank. when this entire system shall be established the
strength Of the Federal Government will be augmented
In fact there gns that the Government will become
rapidly consolidated and centralized.