The Van Buren press., 1866-06-02
ey- On the financial panic in Europe, the

ss- On the financial panic in Europe, the
New York papers comment as follows;
The Express says: THE material for some
such explosion had been gradually accumula.
ting in all the great financial and commercial
centres for some time past. yet the spark that
finally produced the catastrophe, turns out TO
have been speech from the Emperor Napo-
leon. ON the 9th of Nav, to the working men
and farmers of Auxerre, of character to
almost Justify the conviction that the recent
professions of neutrality in the impending
German war, prOfessed by Nj. Roeber, Minis
ter of State, was not meant to be kept"
The Commercial says: "TwO circumstances
have tended to this result. lst. The undue
extension given to joint enterprises in which
large amounts of capital have been embarked.
to be managed by agents. little or not at all
interested in the results of their operations.
The second cause Is the imminent danger of
war in Europe" r. ff
The Post adds: 1t does not appear that we
shall be affected seriously by this English
furry. at the same time the sudden failures
and stOppages of important houses in London
should warn our business men to be careful.
| 1t was fully expected in England that we
would before now suffer from financial dis
orders, and this expectation has been enter
tanned here as WELL That we have so far es-
capped, and that England breaks down before
we do, ought not to make us too venturcsome.
We shall need the utmost care and skill TO
avoid misfortune, and certainly the present
disorders, financial and commercial, in Eu-
rope, do not simplify, but rather complicate
our own dangers"
The exchange market was strong and ac-
tive. All domestic goods are strong, and will
60 higher in consequence Of the advancement
of cotton and gold.
Memorials were presented in Congress on
the 2lst inst, by Duncan, Shermn & Co..
Brown and Bros, and other large firms agai lst
the proposed tax of five cents per pound on
raw cotton. a..s
souri,, directing the Committee on RecOnstmc-
ton to inquire into the eXpediency of levying
contributions on the South to defray the ex-
penses of the troops stationed there. did,
not secure a larger vote in the house than ten
the Republicans voting against it.
! The principal feature of the session on the
22d inst of the Senate, was the consideration
of the bill providing the funding of the pub
| lie debt into 30 year 5per cent. bonds.
| The Senate, on the 22d inst. took np and
passed. with amendments, the House bill re-
lating to public lands in Alabama. Mississip-
pi Arkansas, louisiana. and Florida, which
provides that the public land in these States
shall be disposed Of according to the prOvis-
ion of the Homestead Law of May, 1862, and
no entry shall be made of more than 100 acres
the price of the patent of which shall be five
dollars and there shall be no discrimination
on account Of race or color to the persons to
whom land shall be sold. 1t repeals the pro-
visions Of the old law which prevents any man
who took part in the rebellion from securing
public lands, and substitutes for it a require
ment that a settler shall swear future allegi-
ance and fidelity to the Government. 1t is
generally the opinion Of the Radicals that the
reconstruction plan will pass the Senate, mi
nus the third section.
The uniform Bankrupt Bill passed the
House by eleven majority. Its success in the
Senate is not SO sure. The bill. as passed, was
perfected by the best legal advice in the coun-
try. The bill provides that District and Cir
cult COurss have jurisdiction, and that any
person owing debts over $500, and filing pc
tition of inability to pay. and willingness to
surrender his estate, shall be adjudged bank
rupt and warrants issued for Sheriffs to APP
point assignees, the appointed duties of as
signees as defined. provides for examination
before Court distribution of the estate, collec-
tors are to share pro rata without preference,
except wages to clerks and operatives, under
fifty dollars month, will be divided. first
cost of court; second. debts to the United
States: third wages fifth, debts. having pro-
perty by law. 1t provides, also, for the dis
; charge from all debts after compliance. and
provides punishment for fraud; seven days
confession Of judgment, and IA for CONNER
cial paper.
/ eB- Secretary McCullOch has returned from
his visit to Fortress Monroe. and states that
from his interview with jeff. Davis he is sat
istied that the treatment of the eX-Presdent
has been unnecessarily severe and strict lie
will use his influence for an improvement in
this respect.
The new Texas Constitution fixes the Gov
ernor's term Of office at four years instead OF
two, and the salary at $4,000 instead of 81
OOO 1t also gives the Legislature power to
guarantee the bonds of railroads for the pur.
chase of iron. The article abolishing slavery
says: tgI
"Africans and their descendants shall be
protected in their rights of persons and prop
erty by appropriate legislation; they shall
have the right to contract or be contracted
with; to sue and be sued; and to acquire
4 ioi" "'u oi.'iioH.V PioPcl1y anu dll CIlullId
prosecution against them shall be conducted
In the same manner as prosecutions for like
offences against the white race, and they shall
be subject to like penalties
The Constitution will be submitted to the
people for their acceptance or rejection on
the fourth Monday in June.
E1s- There are only two States in the
Union where the negro is allowed to vote
without property qualification They arc