The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-02-05

ierred.--Lewis Passano rs same Referred
1 same u.s. James Steuart. Referred. --Noland
rs Gibbons Kelly. Before reported, On trial
--AssiSnment to day Nos. 544 to 500 inclusive
ErrazE.rz1=-zz.zxar==zzzz-
THE TWENTY FIVE MILLION LOAN BILL.
The bill to enable the incoming administration TO
carry on the Government, authorizing n loan Of
Twenty-Five millions of dollars, passed the House On
Saturday.
The first section provides that the President of
the United States be and hereby is authorized.
at any time before the lst of July next, to borrow
on the credit of the United States sum not ex-
ceedlng TWENTY-FIVE millions Of dollars, or 50 much
thereof as in his opinion the exigences OF the pub
lie service may require, to be used in the payment
of the current demands upon the Treasurer, or FOR
the redemption OF Treasury notes now outstanding,
ana to replace IN the Treasury any amount Of said
notes which shall have been paid and received for
public dues
Section second provides that stoc! shall be issued
for the amount so borrowed, bearing interest not
exceeding six per centum per annum, and to be
imbursed within eriod not beyond twenty years
and not less than ten years; and the Secretary OF
the Treasury be and is hereby authorized with the
consent of the President, to cause certificates OF
stock to be prepared, which shall be signed by the
Register and sealed with the seal of the Treasury
Department, for the amount so borrowed, in favor
of the parties lending the same, their assigns,
which certificates may be transferred GA the books
of the Treasury, under such regulations as rlay be
established BIZ the Secretary ct the Treasury pro-
vided that no certificate shall be issued for less
sum than one thousand dollars and provid d, also,
that whenever required, the Secretary of the Urea
sury may cause coupons OF semi annual interest
payable thereon to be attached to certificates is
sued under this act, and certificates with such
coupons of interest attached may be asst cned and
transferred BY delivery of the same. instead Of be
ing transferred On the books of the Treasury.
Section third provides that before awarding said
loan, the Secretary Of the Treasury shall to
lee inserted in two or three public newspapers Of
the city of Washington, and in
more public newspapers in other cities Of the
United States, public notice that sealed proposals
for such loan will be received until Il certain day
to be specified in such notice, rot less than ten
days from its first insertion in WASHINGTON news
paper, and such notice shall state the amount of the
loan, in what portions the mouey shall be paid, il
by instalmonts, and at what places. Such sealed
proposals shall be opened on the day appointed in
the notice. in the presence of such persons as may
choose to attend, and the proposals be decided ca
By the Secretary OF the Treasury, who shall acc pit
the most favorable offered by responsible bidders
for said stock aud the said Secretary shah report
to Congress, at the commencement OF the next Sfs-
sion, the amount OF money borrowed under this
act, and of whom, and what terms it shall have
been obtained With abstract or brief statement
of all the proposals submitted for the same. distin-
gushing between those accepted and those rejected,
with detailed statement OF the expense Of making
such loans.
Section fourth provides tia: tie faith Of tho
United States is hereby pledged for the due pay
nent OF the interest and the principal Of said stock
CANADIAN VIEWS OF THE PRocErpINGs IN THE AN
DERSOY CASE IL ENGLAND.-Ihe Canadians seem TO
be indignant at the proceedings had in England in
reference to the Anderson extradjtion case. The
Toronto leader of late date says:
The issue of a writ of hojeGs corpus in the case
| of Anderson, by the English Court Of Queens
Bench, has fallen like bOmb-shell upon this com
munity. There was an unwingness to credit the
teegraphic account but the arrival Of the detailed
report OF the case yesterday set ali doubt at rest
Probably no similar attempt has been made within
our day to encroach on the liberties OF tree pC0-
pie. Canada great elfgoveFninr community
with a commercial tonnage more chan twice as
large as that of France, is compared to the Isle Of
Jersey and the Isle of Man, neither oF which has a
population larger than that of Toronto. The pre-
cedents quoted well enough for crown colony;
but it so happens that Canada possesses Court Of
Queens Bench, expressly vested with powers CO.
ordinate with those of the Queens Bench in Eng
land, aud il that Court be ignored and set aside
BY Imperial tribunal, where is the guarantee for
our liberties? II the judicial branch of our g0rera-
ment may be trenched upon in this summary man
neT, who is to guarantee the executive and legisa
tive functions OF the government from iuvGsion?-
These questions force themselves upon every
mind as the report Of this extraordinary case is
read
c. VI. CLAY AND THE TRIBUEE.--Cassius Il. Clay
was denounced few days ago by the New York
Tribune a ''cowardly submisSionist," to which
he replies in tart letter. aud concludes rs follows:
You not content with these substantial adj
vantages-reverse the order of all true progress
which is peace-and you appeal to arms-you want
"to see 7hetRer you haze government or not" You
mistake the policy fer the principles of our party
the Gh i. for the kernel when the man is drowned,
you hold on to and make display Of the coat
which you have torn from him! 1t is not true, -
all well know, that the South is ,choly wrong! stand
upon my own responsibity-you upon yourS-let
all give their advice, and then agree to disagree.
After all has been said, then let all Iaj'e In &C.
ton. Whether you or shall, when The worst
comes to the worst, be wantinr in Grmness and
courage, remains to be seen! Whether the past,
the present, or the future, have, do, or shall sub
iect to denunciation of "c0wardIy submission"
| leave to others to declare.
And may God save the Commonwealth!
Your obedient servant, C.. NJ, CLAY.
CoTroN ComlNG NoRTu.-The secession troubles
are helping the railroads, if they are prostrating
every other kind of business. The cotton OF the
South is now finding its way to market overland
instead of taking the seaboard. The Pttsburg
Chronicle says, in November, it finds by the
books at the Pennsylvania railroad, six thousand
one hundred and six bales went over that line. The
amount shipped in December, owing to the cond-
ton OF the river, but three thousand and sixty
six bales; but in January it reached eight thou
sand nine hundred and tfty-0ne, so that for the
last three months we have total OF eighteen th0u.
sand one hundred and twenty three bales. There
are now three thousand bales on thor way to
Plttsburg, and much more lying at Memphis and
New York, Lowell, &C., ria the Central road
And with all this the business has but begun to de-
velope itself. Six months hence, should the pre-
sent troubles continue, and the great bulk Of the
cotton-carrying trade Of the seeding seaboard
cities will take the inland route to the Eastern
States Philadelphia ledger, Feb 4.
The New MEXICAN CABINET-Oiicial despatches
received at Washington state that President Juarez
arrived at the City of Mexico the 18th ult and
Immediately organized the following Cabinet:
Minister of Stata and Urea
Minister of War-Gen. Gonzales Otcga.
Minister of the Interor-Gen. Lave.
Minister of Justce-Fuente.
Minister of Internal Improyements-Empa
The first decree of the new Government was for
the expulsion of the Spanish Minister Pacheco |
Barrico, the Guatemaan Minister, and Clementi |
the Pope's Nuncio, charged with intriguing with |
the Church Party for the renewal of civil wars |
The British Minister, Matthew French, Minister |
Seligny, and the Prussian Minister, Wagner, ex
pressed their readiness to recognize the Liber al
Government as the only Government of Mexico.
The CorToN QUESTION IN ExGLASD.-Thc cotton |
question in England is thus alluded to by the Lon
don Chronicle:
The question is, in fact, little short of life and
death. Ruin to merchants and mill-owrcrs, and |
starvation to the rest of the population, hang i'm,
nediatelY in the balance. One years failure Of
the American crop, or postponement of the
American supply, would produce calamiticS worse
than any war or famine within modern experience
THE South CAROLINA COMMISSIONERS IN FRANCE
to letter to the Courier des Flats
UniS, dated at Paris on the 18th ultmo, the com
missioners from the State of South Carolina had
arrived at Paris, and presented themselves to NJ.
Thouvenel, the Minister of Foreign Affairs who
received them with becoming courtesy and respect,
but without taking side with them, making any
with them. The commissioners are
said to have been some days in Paris before pres
entatiOn.
Elk Governor Elisha Harris of Rhode Island, lied
at his residence in Providence on Friday night.
An enterprising individual, named Thur burn has
opened skating school in New \ ork.
SUNDRIES.
~ DRIED BEEF:
S. c. HAMS;
KEG LARD:
CLOVER AND TIMOTHY SEED.