New-York tribune., 1866-04-27
From Another Correspondent.
To the Associated Press.
WASHINGTON. Thursday. April 90. lsCG.
a A A IAnIa-

MEXICAN ADvICEs
Information has been received at the Department Of
Louis Terasa, had taken chihuahua after severe battle
resultng in the overthrow Of the lmperaAs that the
state wa quiet possession of the National troops and
that President Juaez and cabinet intended starting
few days for the city Of chihuahua.
THE UNION PACIFIC ROAD.
The President to-day sent a message 90 Congress SUBJ
mittng communication from the Secretary Of the lnic-
Nor in relation to the Union Pacific Railroad Company,
eastern division IL appears that the Con psny
quired complete hundred miles OF their road within
three wears after the acceptance Of the conditions of the
original act of Congress This period expired December
90 1865. SixtytwO miles had been previously accepted
by the Government. Since that date an additional
section of twenty-hree miles has been completed.
Commissioners appointed for purpose have examined
and reported upon it, and application has been made
for ts acceptance The failure 10 compeiec 100 miles OF
the road within the period prescribed renders II question
able whether the executive officers Of the Government
authorized issue the bonds aud patents TO which the
Company would be entitled if this well other require
ment OF the act had been Observed This failure may 10
some be ascrbed to the financial condition Of the
country incident to the recent civil As this Conpa
ny appear to be engaged in the prosecution Of the work
and manifested disposition 10 comply With the conditions
of the grant the President recommends that the time
for completing that part Of the road be extended and that
authority be given for tho Issue OF bonds aud patents on
of the section offered for acceptance. not
withstandng the failure should the Company III other
sgects be thereuntO entitled.
EQUALlZATIOY or B0UETIES
The following letter has been addressed TO the Cha man
Of the Revenue Commission:
TREASURY DEPARTMENT, April 49, 1900
SIR bill has been reported for the action OF Congrt in
respect tie eouszaon Of soldiers bounties which VII In
opinion require an expenditure on the part OF he ov
ernment OF from e2Ol 10000 10 $40 600 thus addn,
EQUIV acn TO tie principal Of the public debt and redur
ing additional annual payment for interest from s1cOoOO
As the relations Of the National debt to the industry
OF the country lave been especially referred to
YOU for consideration desire that you will inform me at
yOur earliest convenience what eject this proposed increase
of the National debt and annual taxation is likely IN your
opon tohaye upon finances and development OF the
ty and what changes may be necessitaed thereby in
future revenue system and policy. an, respectfully
vours ii. MCCtLLOCH, Secretary Of tie Treasury.
Hon. Daniel A. Wells Chairman United States Revenue
The following is the reply Of Mr.. wcls;
WASHINGTON april g 1866
Sir. In repv TO yOur note tie 18Th relation tie sub
eet OF involving additional loans increased
taxation permit to speak without reserve.
The country is passing through cuchi period o its
financial experience. aud essential that the propos
ton should be proclaimed and maintained that the borrowing
period for the laton passed and that henceoTth aud until
another extraordinary emergency aifycthc a9na eApena
iture are to By exclusively Nothing less
satisfy holders Of the public debts nothing less can sustain
national credit at sgch standard viii keep open 10 tie
nation the OF loans for future emeTgencies
Tie existing public debt of the United States aking the
accumulated wealth and rate Of interest into consldeIao
comparatively larger than that OF Of the states OF the
Old World and oay exceeded In actual amount Dy tnht oil
Great Britain. II proposed to increase this enormous
debt to such extent that the annual interest on the addition
will be nearly equal TO oneourth Of the average annual eI
pendure OF the whole Government during the decade PRIOR
TO the commencement VI the Rebellion The largest amount
OF revenue drawn from the British people In any one
year. irrespective Of loans has exceeded e3 Wo
woe the amonnt OF which the United states mas
drawn during the first three quarters Of the current fiscal
the various forms direct and INDIRECT TAXATION has
been 0q or at the rate Of upward Of 95i0 900 M per
This In sum- In opposition the settled policy
all other nations and in defiance Of their experience
has been taken ma3y from the industry the country The
present receipts canEo however be accepted
indication Of the future; long they
Ga.l lSi a.-- !--e- o. t-l4lJ ~ ~ 10 teI.scieU