The New York Herald Newspaper, January 12, 1848, Page 3

‘the Union, Memmrs. Ritehie and Heiss, to the of the Bouate, waa egreed to. ION OF ALEXANDAIA TO VIRGINIA. , Of Virginia, gave notice that he would at av early dey, introduce a bill to repeal the act ceding the town of Alexandria to the State of Virginia. MEXICAN RESOLUTIONS. Mr. Dickinson, of New York, gave notios that he should sk leave to take up his Mexican resolutions du- hog the morning hour to-morrow, to allow himto make necessary explanations. THE TEN REGIMENT BILL. After the transaction of some unimportant business, the Senate resumed the consideration of the special or- der of the day, it being the bill for raising the additional regiments to serve in the war against Mexico. THE TEN REGIMENT BILL. At one o'clock, the special order of the day was taken up. Mr. Revervy Jonxson, of Maryland, resumed from yesterday—Ho had ssid all that he proposed to say upon the proposition he had called the attention of the Senate to yesterday. This morning he would would speak as to the actual conduct of this war, under the management of the President of the United States ‘The war was recognised on the 13th May, 1846, and we are now in January, 1848; and peace is as far off now as it was in May, 1646. The whole power of the United States had been put in foree; victory had crowned the American arms every where, and there is no peace yet. He thoaght this was owing to the want of vigor in the prosecution of the war. We had an ostenpible vigor; a sort of organic vigor; but nothing more. He waa not disposed to charge any thing that he cout not sustain. He believed the President had been deluding himself with the idea that a peace could be obtained witheut the waste of men and money, and the effusion of blood, that hesensued, He sald yesterday that the march to the Rio Grande was the immediate caure of the war; to-day, he would say that the mode of that march was the cause of the war. If, instead of making that march with a sroall, byt gallant band, he had gone with a force of 10,000 men, not one drop of blood would have been shed; nota singe Mezican would have dared to cross the Rio Grande. Since then, the same delusion has been manifest; for instead of calling out the force of 30,000 men, authorised by Congress, May 13th, the War Department had called them out in driblets,and answered applications for service, that there were enough in the field to conquer apesce, What has the American army done? Nothing whatever but to gain glory,tby every ef- fort oftheirarms. What is the history of the campaign of the Rio Grande? Followed everywhere by the glory of suce:ss; but owing tothe small number of the troops, they ware incapable of following up any victory. Look at the case of Monterey ; there the gallant commander | ‘with bis few invincible troops, carried that strongly for- tified town, and in fact had not troops enough to hold his prisoners. Again, after this battle, he was stripped of the flower of his force, and they were hurried off to Vera Crug, leaving millions of public property to be guarded only by afew troops; who, however, were capa- ble of deing any thing that men could do. Santa Anna, hearing of this, brought into the field an army, the like of which Mexion had never before been able to bring together. He was met by the gallant commander, (Ge- neral Taylor) who fought, and defeated him, performing what mey be called a military miracle, Look again at the campaign of the past year. General Scott is or- dered to Vera Crus, and there he is met by a force vast- ly superior to hisown. Every step from there to the city of Mexico, he had been met by asuperior force, and had been obliged to fight against odds. If,on the ccntrary, a large and adequate force had been sent in- to the field, the city of Mexico would have been taken without siedding a drop of blood. There is a great responsibility for this resting some where. It has been said that the object of this bill is to bring into the field a force that will prevent a fght.— To this he had nothing to say; but it ought to have been done before. What if the gallant army of the Rio Grande, or that now in the Halls of the Montezumas, had been sacrificed? Upon whom would the responsibility have rested? Upon the Presi- dens. He repeated that he believed that if the fitty thou- sand men authorised by the act of May had been called out and sent to Mezico, there would have been no fight after the battle of Palo Alto. He charged upon the Pre- ident of the United States that all the blood and tr sure that had been expended was owing to his errors. Every life that bad been lost, was owing to bis mistakes in the conduct of the war. Every dollar of the millions that had been expended, and of the millions to be ex- pended, were chargeablo to his errors. He had said all ‘thet he intended upon this point. He alluded then to the different poilici+s that had been urged—firet,to with- draw the troops; second, the defensive line; and third, tocarry the war into the heart of the enemy’s country, until that enemy should sue for peace. Of these three different courses for our future action, he preferred the lost ; but in saying that he preferred the last, he did not wish to be misunderstood. He preferred the last, if the object ofthe war be the vindication of the national honor of the United States. But ff the object of this war be the annihilation of Mexico, as nation, or the forcible dismemberment of her territory, then he would not vote one ingle dollar for its future prosecution. Mr. Johnson was for fighting the war out ; for having Ameri- an rights and honor vindicated, so as to secure us hereafter from any further annoyances. To withdraw the troops, he believed would be an act of national dis- honor. To fall back upon a defensive line would but be adopting the polloy of perpetual war. The only plen, then, was to prosecute the war. He thought the army might be sustained in Mexico without the expenditure of @ single dollar, The resources of Mexico were greater than generally supposed. The expenditures of the Mexioan government were about twenty-one mil- Mons a year, to wit :—For the army, ten ‘millions of dol- lare ; for the civil list, six millions ; and for interest on the public debt, five millions. This amount of money ‘was raised from various sources. The annual product of the mines was about twenty-five millions, which paid an inland transit duty of two and one-halfand three per cent, and an export duty of one percent. Another source of revenue was the stamp tax. Every transfer of property exceeding five hundred dollars in value had to bewritten upon stamped paper, which costs in each Instance some six dollars. Then there was the in- ternal specified duty upon every thing which was bought and sold. [If we mistake not, Mr. John- son omitted the important source of revenue of the tobacgo monopo'y)] From these three sources of revenue some twenty-one miliilons would be raised, sufficient to support our armies in Mexico. He would take these revenues ; he would not seize upon private property, for that would be disgraceful, barba- rous, and a stain upon our national honor. He would rather withdraw the troops at once, if the object of the ‘war was the dismemberment of Mextoo, or her extinc- tion. He was net opposed to acquisition of territory ; Dut he was opposed to acquiring it by force. Mr. John- von next took up the slavery question. This was the great sectet of his opposition to the extension of our mits ; here was the great danger. He would tell the Senator from New Hampshire, (Mr. Hale,) that it was owing to the fanaticiem of the North that slavery ex- {sted at this day in any of the Southern Stetes. The great practical advocates of slavery were its opponents st the North. He contended for the exclusive right of the South to manage this peouliar institution in their own way, and at their own time ; but he foresaw, if wo should go on extending our borders to the southward that the two sections of the Union must come into, deadly conflict, or to an inevithle separation. As for indemnity, we rhould have enough of that in the glory of our army and our historio renown. Mr. Johneon submitted a comparative estimate, showing the superiority of regular troops over volunteers: ‘The cost was as one to four in favor of the regu- lars, and the deatha were as ten volunteers to one regular, in the ame number of'méh, This was partly owing to the fact that many infirm or unhealthy appli- cants were admitted into the volunteers, which would not be reoelved into the regular service ; for Instance, to four thousand regulars recruited, four thousand ap plications for enlistment had been rejected. He was sor- ry to hear it urged, and even from the pulpit, that wo were prosecuting this war in a divine mission for the ex- tension of our principles of civil and religious liberty. — ‘These were not to be propegated by foree of armn; and | in conclusion “he drew @ beautiful picture of the silent pesorfal march of free prinotples,all over the world. Mr. Cravrox, before be gave bis vote, :ranted to know whether anything had been received from General Scott or General Teylor, recommending the proposed rein- forcement to the army, by ten thousand regulars and twenty thousand volunteers ? General Cass suid that there wasao much misappre- | | to the question put, read a letter frum Gen. Seott, which stated that if we desired to go im amd cooupy the State capitals and put down the guerillas, to take command of all revenues, and to keep the central government in constant motion and alarm them, the army would have sugmented to fifty thousand men. A Voicx—What is the date of the letter, Mr. Cass? Mr. Cass—I have not got it; it was some time in September Mr. Wensten understood, then, that General Scott had recommended an augmentation of the army of fifty thousand men. Mr. Cass—No, sir; the whole force —not the augmen- tation. Mr. Cauuoun asked where that letter was from. Mr. Cass—The city of Mexico. Mr. Bava requested to know wh at plan Gen. Scott bad recommended, which would requi re all this force. Mr. Cass said that as the letter emb. taced a project, it ‘was not deemed politic to publish it. He thought he had answered every thing that had any bearing upon the direct question. Mr. Caitrenven proceeded to show ‘that there were forty-five thousand men now in the {leld; that with even thousand five hundred regulars, and twelve thou- sand five hundred volunteers, necessary ‘to fill the ranks and five thousand seamen, there would be some seventy thousand men in Mexico, while with the ten thousand of this bill of regulars and twenty thous and in the vo- lunteer, bill,there would be an aggregate of one hundred thousand men, besides teamsters, &c. Mr. Cass said he would have to make the same correc- tion in the gentleman’s estimate, that he did the other day from the Adjutant General’s records, and exhibited that from sickness, garrison duty, disobarges, &c., the force, including the ten regiments, never could be more than about forty-five thousand effective bayonets. An amusing conversation followed between Mr. Clay- ton and Mr. Cass, in relation to the date, place, circum- stances and object of General Scott’s letter; pending which, General Cass admitted that no recommendation for the increase proposed had come from Gen. Taylor. After which, Mr. Cuaron took up his argument, and contended that Gen, Scott’s recommendation was based upon a supposition, at least, that the object of the war was the subjugation and conquest of Mexico. Mr. Clay- ton denounced the idea of taking Mexican territory by force of arms. The object, which had been openly dis- avowed by the President, was since openly declared to be the object of the war: that is, the acquisition of ter- ritory by conquest. He was not willing to take one acre from Mexico by conqtest, or by robbery. Honesty was the best policy. The character of » nation was more valuable than land. He would force Mexico to pay her just obligation; but to me.xe her/do auything more, mere- ly because we had the phyaical power, would be nothing short of highway robbery. Mr. Clayton bad proceeded to the merits of his arguments when, at his instance, On motion, the Senate adjourned. Mr. C, will conclude his argunvent to-morrow. House of Represeattatives. PRIVATE BILLS AND @LAIMS, Several private bills were reported from the Committee on Claims, by Mr. Rockwell, of Coxtnecticut. Referred to Committee of the Whole. ‘Mr. Rocxwe xt, of the same committe, reported a re- solution for the preparation of an alpiiabetical list of private claims, from the fourteenth to the twenty-ninth Congress, inclusive, and to employ an additional clerk for that purpose. Debate ensued between Messrs. Frankin, Henley Rockwell, Houston of Alabama, Polloek, Giddings, Thompson of Miss., and Farron. THE PRESIDENT’ S*MESSAGE—THE TREASURER’S REPORT— THE MEXICAN WAR—IMPEACHMENT OF THE PRESIDENT URGED, ETC, ETC. Pendiug a motion by Mr. Potrocx to re-commit, with fostructions, on motion of Mr. Vintox, the House went into Committee of the Whole on the St.te of the Union, Mr. J. R. Ingersoll, in the Chair, on the annual message of the President. Mr. Stewant, of Pennsylvania, addressed the com- mittee, in reply to Mr. MoClellan, reviewing and con- demning the measures of the administration generally He called attention to the Secretary of the Treasury? report, and the calculatiens of receipts of revenue for 1847. Instead of being $8,000,000 more, the receipts were actually $7,000,000 less than they would have beea under the tariff of 1842. He also pointed out numerous other alleged errors inthe Seoretary’s calculation. He said he did not blame the President, as he did not un- derstand the subject. Mr. Venasce followed, in support of the doctrines of the late veto message, denying the power of Congress to make appropriations for internal improvements. He supported the war. If it was unnegessarily and uncon- stitutionally commenced by the President, let the majo- rity of the House impeach him. He was in favor of taking. New Mexico and California as indemnity, and opposed to making peace until we had seoured indemni- ty for the past and security for the future. Mr. Rocewet, of Connecticut, examined briefly the late veto message, and its many positions, which he pro- ceeded to show were unsustained by facts and prece- dents. On motion of Mr. Poxtocx, the committee rose, and the House adjourned. KEW YORK LEGISLATURE. Axnany, Jan, 11, 1848, Senate. TAXATION IN BROOKLYN, Mr. Boxes reported in favor of the bill for the colleo- tion of taxes in the Sth and 9th wards of Brooklyn. Mr. Avams reported bills authorizing Bank and Insur- ‘ance Companies to reduce their capital, and authorising Brooklyn to raise money to pay certain claims. The latter passed a third reading. The Committee of the Whole also considered the Brooklyn 8th and 9th wards tax bill, and reported pro gress, STATE ENGINEER AND SURVEYOR, The bill defining the duties of the State Engineer and Surveyor was considered in Committee of the Whole. The committee reported progress, and it was ordered to be printed. EXECUTIVE SESSION. The Senate then went into executive session, and con- firmed several nominations of loan commissioners, notaries public, kc, Adjourned. Assembly. MARBOR MASTERS. The harbor masters bill was read for the third time. The amendments offered were lost. The bill passed— ayes 119, nays 7. SHERIFF'S FEES FOR JURORS. Mr. Camrpexy’s resolution was adopted requiring the Sheriff of New York city to report his fees for summon- ing jurors dnring the past year. AMENDMENT OF THE REVISED STATUTES. Mr. Fisx presented a bill to amend the revised statutes in relation to summary proceedings for recovering pos- session of lands. THE POST OFFICE LAWS. Mr. Cuntis presented a joint resolution against the proposed Post Office amendments now before Congress. Laid over. APPRALS FROM WRITS OF ERROR, Mr. Benepier gave notice of a bill concerning appeals from writs of error. ANOTHER RAILROAD, Mr. Curtis presented a bill to incorporate a company to build a ratiroad from Rochester to Syracuse. THE CANALS. Mr. Uspennitt gave notice of » bill to prohibit the ‘use of horses and boys,in towing canal boats, and to substitute locomotives instead. BRIDGE ACROSS THE HUDSON RIVER, Mr. Cuar.ocx presented a bill to build a bridge across the Hudson river at Albany. CHENECARECK INDIANS. The House, Mr. Phenix im the chair, passed a bill for the relief of the Chenecareck Indians. Adjourned. Pennsylvania Legislative ings. [Telegraphic oor. Philadelphia Bulletin } Hanaiencxa, Jan, 11.—There has been nothing before the Senate to-day, of particular interest A resolution was adopted to print a daily abstract of its proceedings romething on the style of Dr, Houston’s in the United St Senate. In the Houes, resolutions of instructions te our Sena- tors and Representative in Congress to vote against the present tage law, ,were adopted, andthe House rn journed. ‘he bill from the Senate, carrying out the recom- mendation of the Gsvernor’s message, and appropria| ing $150,000 for extraordinary repairs to the public works, was taken up and passed finally. Markets. Aunaxt, Jan, 11,1848 —The flour market here re- mains as before reported. The bad sleighing has kept | Produce back, Rye fs selling at 79 cents; barley 60 a 84; pork ia in limited supply, and Felling at 53g a 8%. The hension in regard to the force in the field, that he would road again from the Adjutant General's report, [which he did. showing that with tho ten regiments propore?, the entire force under General Scott wou'd be forty. five thousand, eight hundred and sixty-two, wiich did not include the twenty thousand volunteers, They were Worely © vooerye, to pull bao upon. Ho, in direct answer quantity of flout sent from the Kast Albany Depot, re- ocived by the Western Railroad Inst year, wan 729.322 barrela; in 1846, 896,839; In 1845, $29,950. Of the | quantity sent last year, 616.380 bbls, went to Boston. upping Intent Now Onprars, Jan Arr ship) | Augeeta, Vera Crazy bork ie ode hi] joutes brig Ficus, ‘ort Lavaca) Bi ah city by NED SUNTUIN Parr I Cody, wabeihenethehcsle dan We tee tet chee koe Till offend many peraoas, for aud station; oli f Gotha fess faahiouable. deus, of infomy, where thieves ual beggars “most be sho Look out for congregate.” w wn. U. he second number; it will berich. Publihed by BERFORD CO., No.2 Astor House. aged In i ea saved e undersigned will take pleasure in explaining the natar: the und WK to those who will call on them. WUOQD- WAKD & DUSENBERY, 45 William street, over Leather Manut. Bank, ‘he Plumbe National Uaguerrean Gallery, upper comer of Broadway and Murray street, should be visited by strangers snd others who have not done so. It sonmains the best and largest collection of pictures in the it and best place in the citv to get Boots an is at Jones’, 4 Ann street] near the Ame- Tican Museum. ells his Freach Calf Dreas Boots at 50, and a first rate Boot he will sell at $4. You can aleo get @ very nice pair for $3 50, and as to his waterproof and cork joots, they cannot be beat in price or quality, and far jermore, ai] goods sold of No. 4, Ann saeoel, are warranted to give entire satisfaction to the purcha- _ Fine Cutlery—Tne Subscribers invite atten- tion to their assortment of Pen, Pocket and Sportsmen’s s, Warranted Razors, and polished Steel Goods, &e. Al- the evnvenience of their customers, they have made ar- nts for the repairing of all ki of Cutlery; havit d superior: we rari they beh ezabled (9 oxcentnal ina manner that will give satisfaction G. N. IN, 177 Broadway, opposite Howard Hotel. a Portable Shaving Cases—The most portabl and the most complet r every requisite for a com anion, invalusble. le roadway, a few doors above _ Scott’s #hirts.The cheapest and best place in New York to get your Shirts, Stocks, Cravate and under garments, is at SCOVI'S Store, 91 Nassau street, opposite our office. He se'ls fiue well made haudaome Shirts at $150 eneh the best quality $2 fi of woollen, kid and other Gloves, “Call'st 91 Nassau nurcete ‘Tho “Richelle” Diamond Pointed Gold Pen, $2 only.—The fact that these Pens re invarinbly warranted is the best guaranty of th c popalarit: iv ‘atson & Co. 45 am fi andj, ¥" Sovage, i2 Fulton at,” Gold ea ry description wholesale and retail, at the Gold eos at $1, $125 and $150. ‘Gold Pens repaired Trex. Diamond Pointed Gold Pens—Purchasers of Gold Peus will bear in mi | makers stamp their na mes of * Cardinals,” ous stamps on their second JOHN W. GREATON & (one door from the Post Of fice,) have the (ens of all the beet makers, which they ate now selling at reduced prices, ‘The Fens ard Cases others advertise to soll as the best in. the city, for $2, they sell for Re only, and others low in proportion. Gold pens re- Two children saved—Very few families in- dred—iu fact we nave not heard of one—that used Dr. Sarsaparilia in time, lost any children the past sumn while those who did no: sickened and died. The certificat We publish below is conclusive evidence of its value, and is guly another instance of i's saving the lives of children. Dr. Townsend—Dear Sir: I had two childrea cured by yeur Sar- summer complaint aud dysentery; one wis idand the other 3 years. ‘They were very much reduced, and we earected they wou'd dir; they were given up by two respectable physicians. When the doctor informed us that we must lose them, we resolved to try your Sarsaparilia we had heard so much of, but had but little confi- ice, there beingso much stuff advertived that is wo thless; yery thankful that we did, ved ‘of both. I write this that others may be indaced to : Yours, respectfully, JOHN WILSON, Jr. Myrtle be , Brookiyn, Sept. 15, 1817. Principal office, 126 Fulton yD, Hostwiek’s Ne ints to the young. just pubi 222 Broadway. Wiis ist with plates, ever before pub of every physician, young mi Improved Magnetic Machincs..-The new and beautiful instruments, koown as Moorhead’s Graduated Magnetic Meehines, are confideutly recommended as being the most ex tand effectual articles of the kind ever in troduced. They hive received the commendation of the most distinguished of the medical profession, for their perfect simplieity and convenience. In all nervous disorders their effects are traly wonderful. 'Kach instrument is warranted. janchiotared and sold by D. C. Moorhead, 182 Broadway, jew ork. To the Medical Profession of the United States.—The subscribers having purchased and received from the ublishers in London the auvance sheets of the Brit sh and Foreign Medico Chirargical Review, will, ina few days, publish the January number of this valuable work, in astyle Superior ia typography, and every other resve lar work ever tasued in this country. ‘The British Medical Review and the Medico-Chirurgieal Review, bei now united, and embracing the talente of both journs' form the most able periodical of the kind uow kuow shall continue to po! the united works at We publish the Brith and Foreign Me via only Three Dollars per annum, in advance. Those wishiog Lema eet ey seers ee pale pe usual ng will be allowed), will please address their orders. post-paid, to G. B. ZIEDER & Co. Publishers. Phivadelphia, Pee : noe Gi ferior qualities. GO., No. 71, Cedar street, for it undoubtedly Medical Book, with hed by Burgess, Stringer & Co, best practical work iiustrated ished, and should be in the hands and all mvardians of youth. MONEY MARKET, ‘Tuesday, Jan. 116 P. M. The stock market opened heavy this merning, and prices for the fancies fell off. At the first board, Norwich and Worcester fell off 4 per cent ; Long Island \ ; Far- mers’ Loan 3¢ ; Pennsylvania 5's \{; Morris Canal + ; Vicksburg2 ; Reading Railroad advanced 1 per cent; Reading Bonds % ; Treasury Notes 4 ; Harlem \ ; Can- ton 3g ; Illinois 6's, 1847, %. The sales were not large, and the tendency of prices at the clore was downward. At the second board Harlem fell off %; Norwich and Worcester 4; Morris Canal }s; and Long Island \. The principal question asked now in Wall street, is. how is the government to negotiate another large loan? In whet shape cana new loan be made? Some propose toraise another loan by an issue of treasury notes of small denominations ; others by the issue of stock, and others are of the opinion that a modification of the in- dependent treasury act, would be the most feasible» as it would enable the government to make a direct stock loan, at par or above par, for almost any amount. There are three ways by which the government can raise money. First, by an issue of treasury notes of large denominations, similar to those already issued.— Second, by an issue of stock. Third, by an issue of treasury notes of small denominations, such as would circulate among the people, and for which they would give their specie. These are the ways proposed, each of which has its objections. Under existing circumstances, the most feasible is by an issue of treasury notes of small denominations. A loan upon treasury notes of large denominations could not be made above ninety per cent, in thd present s' of the money market. A modification of the independent treasury system would be a compromise of the political principles of the government, and, therefore, out of the question. A few weeks will settle all these points, as the government must soon be in the market asa borrower, in some shape. The Union Mutual Insurance Compsny have deci ed a dividend at the rate of six per cent perannum, and have in reserve a handsome surplus of earnings for a fu- ture soript and stock dividend. The Baltimore Life Insurance Company has declared a dividend of three dollars per share for the last half year. The Bank of the Valley in Virginia, at Winchester, has declared a semi-annual dividend of four per cent; three and three-quarters per cent of which will be paid to the stockholders, and the remaining one-fourth to the State, as bonus. . The amount of funds in the Baltimore Savings Bank institution, on the 8istof December, was $1,721,577 16. The number of Gepositors at that date was 6,970, which would give an average of about $232 to each account. The annual report of the Reading Railroad Company makes the following exhibit of the receipts and expendi- tures for the past year:— Privapecenta ann Re. The receipts from Coal transported wa Raitnoan. + + $1,698,663 99 Passengers. ..... 166201 45 he el Freight on merchandiz 136.219 92 Aes ti Trans. of mail, &o, . 11,860 26 2,002,945 62 | 1,100,406 60 Balance of dividends A dividend of 12 per cont was declared, payable in profits to pay interest and $1,003,839 13 | stock. We hi feen no account of the mannner in which the above balance of profits has been appropriated. After paying the interest on the debt, there must have been a net surplus of about $400,000 ; but whether this has been expended in liquidation of the floating debts of the company, or not, does not appear. The public debt of Ohio is the third in size, of the State debts, The foreign debt payable, principal and interest, in New York, is $16,963,992; the domestic debt, Ohio canal bonds, and road stock, $749,938 ; there are also in trust funds, $1,519,372, making an aggregate of $19,233,437, upon which an annual interest of $1,163,409 is paid. At the close of the last fiscal year there wasin the treasury $495,150, to be appropriated to the liquidation of the State debt, either direotly or in | the shape of asiaking fund. The school fund raised during the past year amounted to $310,725, and the disbursements from that period were $291,622, leaving @ balance of $19,108. The public works of Ohio ha been very productive the past year. The details of the debt, revenue and expenditures of Obio, according to | the auditor's report for the year ending Nov. 15, 1817 ‘were as annexed: — | Finances oF Super Dare Barer ann Exrenpirnes, | Debt Payabt: in New York—Redeemass = Le in 1850. Five per cent stock, + $400,000 00 vy 4,018,868 76 | Six per cent stock, ee Redeemad i Hoven poy COME MOOK, rsrrrsgrierrrnee 100 0 | rn Redeemadle in 1886. Pa al ‘Redeemable in 1660. wis nde Five per cent stock . 160,000 00 Six per cent stock.. . 6,862,781 00 Redeemable in 1970. Six per cent stock.......esseeeeee 667,063 60 Total foreign debt. ... ++ $16,964 282 60 Domestic Debt~Ohio Canab Stock. Faith and credit bonds. . , + $159,829 12 Miami! Extension land bonds, . 93,583 19 Wabash and Erie land bonds, . 1,400 00 Canal, school and ministerial bond) #9 269 32 Miami Extension faith and credit bond: Miami Extension land bonds,loan of 1843 Ohio turnpike stock....... National road stook Total domestic debt. .. Total redeemable debt. Irreduciblo stocks, being trust funds. Total funded debt. secs e ees $19,293,487 26 sAnnual Interest on State Debt, On five per cont stock: $27,500 00 On six per cent stocks. 894,866 95 On seven per cent stock 105,000 00 see vens $1,097,386 95 Interest payable in New Yor On domestic debt. . 44.989 97 On irreducible stocks 91,162 30 229,400 00 94.100 00 18.746 36 $1,163,509 22 Total annual interest............ For State government. Sehoolfuniers cree se: S010 13 Department of public works. . . 2,302,683 69 Total revenues, ......... + $2,926,691 30 Expenditure For State government. $211,879 33 School funds. ...... 291,205 63 Public works....... . 1,980 056 21 Total expenditures, . see $2,463,141 07 The balance in the treasury on the 1th November, 1846, was $247,618 45, and on the 15th of Nov. 1847, $494,699 04, showing an increase of $247,179 59, equal to au increase of nearly one hundred per cent in the surplus in one year. This surplus will annually increase, not only in the way of interest, but from the increased productiveness of the public works and other sources of State revenue, and the reduction in the annual expen- diture, The attention of the Legislature of Ohio will, hereafter, be oooupied more with the reduction of the State debt than with its increase, as heretofore. A large amount of the public debt becomes due in 1950, in less than two years,and new loans will have to be made to meet the payment of the instalments then due, unk the revenue of the State increases more rapidly than can hardly be anticipated. There is now nearly half a million of dollars in the treasury, applicable to the pay- ment Of the debt then due, but it is possible the sur- plus in the treasury, by the 1st of January, 1850, will be large enough to meet the amount maturing at that time. At allevents, with proper management on the part of those managing the finances of the State, a small loan only will berequired. The finances of Ohio have wonder- fally improved within tho past two orthree years, and the stocks of that State will in the course of two or three years stand as high as those of any State in the Union. The publio debt is at present much too large; as soon as it is reduced, the remainder will be more sought after by The resources of Ohio are increasing «9 fe re in extent y. Yo ands ft in the list, and in proportion to its debt, always will oo- cupy the front rank, Pennsylvania stands next, sor as revenue solely is concerned ; but in proportion to its debt, it ranks far below many others. New York a d Uhio are the first two in every particular, and we tr st nothing will be attempted by the legisiatures of either, to impair the oredit of their securities in the ket The constitution of this State puts to upon in- crease ef the State debt; but the people of Onto are not s0 well protected, andjthe legislature oft apy time increase the public debt, or surplus revenue to other purposes than t! the present debt. The people of that Stat fully watch every indication tendiog to such a result and adopt such measures 9s will effectually cheok them Stock Exchange. $11000 Trea Notes, 6’ 9934 100 Farmers’s Trust, 263 3900 do 9% 50 lo 263 10€00 do. 260 99 50 Vicksburg, 6. 3000 U 86's 68'coupon, 98% 50 do 8 10500 do do 98 250 do 5 3000 do 67 9936 100 Morris Canal, 8; 11000 PennsylvaniaS’s = 71 1:0 Canton Co., 264% 2500 Ohio 6's, ’60 966 0. 2 200 «do ‘do 96 50 Nor & Wor, 36% 2500 do | 56 95% 100 Long Island RR, 26 1000 Illinois Int Imp 47 3440. do 257% 5000 Reading Bonds 653g 400 shs Harlem RR, 3945 7000 Reading M CF ind 644 100 do bi0 39%4 200sns Reading KR = 94g $0 do 1b30 504% 150 do 59}— 550 do sid 39 200 de. 160 59% 600 do 39 i090 do 59% 50 do bio 394 50 do 86 mos 59° 159 do bio 39 350 80 setyust pease 1 do 38% 50 Farmer’s Trust v Second Board. $8000 Trea Notes,6’s 994 25 Canton Co, 204 20000 do 190 96% 50 Farmer’s Loan, iw 2614 1000 U 86's, 62 coupon 98% 50 Vicksburg, om 2900 State NY 7's 49, 1005 50 Morris Canal, 8% 25 Eirie Serip, ‘7644 100 do. 60 6 100 shs Harlem RR, 33% 100shs Resding Ra, 060 49 10 & ow 36%, «50 Long Island, RR, — 29% or ‘or, New Stock Exchange. $2000 Tr Note: S0she Harlem BR, ¢ 347% 50 L. Istaud R. 8 Soshs Keading RR, c 5 150 Canton Co, 145 286 50 do 33 59 20 ehe Harjem sl0 39°50 do, © 59) 50 lo 39, 100 Farmer's Trust, b3 26 50 do 50 do “e 36 50 do ys 4 common grades Oswego, Michigan, Ko ta slight decline, compared with yesterday's prices ; but at which there was rather more doing. Pure Genesce remained about the same; Sales of Petersburg, country, were made on terms stated below. Sales of Ohio wheat were made at about peeves rates. Moderate sales of corn were made at about yesterday’s prices. Meal was steady. Rye and oats were in steady demand, with an upward tendency, especially for the latter. Old mess pork wasa little firmer, and amall sales were made at a slight improvement at yesterday's prices. Prime new lard was scarce, and in good demand. Groceries were quiet, and sales were moderate. New Orleans molasses in barrele, was in steady demand, while there was no ar of moment landing sHEs—Si ofabout 100 bbls. were made, including pots at $5 6234, and pearls at $7. Brrswax—Sales of 1000 ibs. were made at 220, Breapsivrrs —Flour—The sales footed up about 7000 barrels, among which were about 600 bbls O; at $6 to $6 1236, the latter figure for small parcels better than common; 2000 bbis Western Canal, at $6; 2500 do of Brooklyn Mills, delivered alungside the vessel, at $5 873g; 500 do Genenes 16 25 to $6 37%; 400 to 600 do Michigan, at $634; and 100 do, at $6 18% South- ern was some lees firm, and 700 bbls. of Petersburg coun- try were sold at $6373. Wheat—Sales of 4000 bushels of Ohio were made, it was ssid. at about $1 30, and 600 do Staten Irland, at $123 For a lot of goed White Michigan of 3000 bushels. $1 36 was refuse Cc The sai 1d from 700 to 8000 bushels; ineluding y new mixed and yellow, at 630 to 640, ; 1000 to 120 bushela of North River new, at 68¢: 2000 do new yellow at the snme price; with some lots of old mixed, at 700 to720. Round northern yellow was worth 75c. Meal—Sales of about 500 bbls New Jersey were made at $328. Rye—Sales of 1200 bushels, deliv- ered, were made at 87340. Kye Flour was scarce, and ‘we quote the article at $450 to $469}4. Oate—From 1009 to 1200 bushels North River were sold at 51c, and 1000 bushels of Canal, at 500. Canpies-- Sperm remained steady at 330. Corren—Sales of 300 bi damaged Rio, were mado by suction, at 4c to 5c, cas! Cotron—There was more dij ition shown by hold- ers to-day, to meet the views of buyers,and the sales reach 1 bales at our ynside quotations, nearly all of which was taken for Hayre. Livanroot Crassivication. New Orleans Uslande. Florida. Mob. & Tewae none. Fine 2. none. none. wone Fiat—The market continued quiet, and no arrivals were reported, and sales were only making in a small way to the trade. Fraurr—The market was rather inactive, though pre- vious prices were steadily maintained. We note sales of 200 to 300 boxes of wet dried raisins at $1 45, and 200 to 300 do, sound, at $1 7641 80 per box Hemr—The last sales of American dew-rotted were at $1 20 per ton. No sales were reported to day. Sales of 160 bales were made at 5 to 6 cents, for export Leap—Sales of 2000 pigs of Missouri were made at 4 87H. $ Motasse. The last sales Navan Stone sales of importance we tions Quotations for spirits of turpentine and other kinds, remained nominally the same. Ons—Lin \—E.nglish was steady, with moderate sales at 570. @ 530., 000 gallons city pressed of selected whi ein shipping whale. Crude sperm remained about the same. ‘There was no change in manufactured winter sperm. Provistons—Pork—Sales of about 200 bbis were made at $10 623¢ to $10 75; and 75 bbis do common at $10 50; and 40 do of good quality at $10 75. Old prime was nominal. Lari—-Prime new was soarce, and in demand. Some helders.:asked 9c. Hams-—Sales of 60 tieroes were made at 73¢0, and 10 hegsheads of old do at 5}¢c. Cheese —Sales of 100 carks of this State were reported at 6c. Butter—No change. Moderate sales of this State con- tinued to be made at 140 to 183, acoording to quality. Ricr—There were no sales made of importance to- 2,8 to prime we continusto quote at about $3 50 to 2. ScGar—Tho market continued quiet, without mate- rial alteration in prices. Sales of 40 bhds of New Orleans were made Lege 7 at 40, cash ‘TaALLow—| be from the Butoher’s Association, weré made at 840 Waisxey was inactive, and no gales of importance re- ported Fr for Liver. fen of 100,000 1bs of city rendered, said to | jt jarried, On the 11th inst., by the Rev. H. Cone, Mr. Tuecoone J. Ackrnman, of New Brunswiok, N. J., to bay opts = woop, of thia city. i nat. Mr. Py ” ane tea fost, Me. Peres Duvey, to Miss Susan a Sunday evening, Jan 8, by the Rey. Mr. Faroraicx H. Uruay, to Miss Apsura Et ein § y: Died. 8d day morning Ist mo. Lith, Purser T., 1 Waite Uetagetctese ee one ‘The friends of the family, and thosecf her father, Jo- siah J , and brothers, Clarkson and Avron Underhill, are invited to attead her funeral, at her late residence, No | 143 Sands street, Brooklyn, at haif-past 3 o'clock to-mor- | row. On the morning of the 11th inst , Mrs. Brincet Moto. | ner, widow of the late Thomas Moloney, in her sith seas, friends and acquaintances of the family,and thoxe of her sons-in-law, Patrick Brennan and James Crowe,#re reapectfull; denoe of str invited to attend her funeral, from the resi- ‘atrick Brennan, Bloomingdale road and 84th it, on Wednesday, at 2 o’clock P. M. ‘he 10th inst., Joun Kearney, son of Michi ged 7 yearn and 7 day: is and acquaintances of the family, and of his grandfather, the late John Kearney, of Saugerties, ‘@ invited to attend ans funeral from 164 Hammond iternoo} ADVERTISEMENTS NEW EVERY MORNING, W. BROWN Avetiovees= \gINeT FURNITURE oO en J. Mouse ANISHING ACL BRO WN will seil ‘his Day, (Wednesd y, Jat. 12 hy ot 1046 orelock, at No 142 Broadway, to pay advane>s and charges, 2 of articles of Kurvitur ing sofas and inshoge iety rocking and e dds, mittrasses, &¢ 0, a large vaves and plain glass i and gees sale of the Sto k, Fix a Het and ¢ Store, inthe low. erpart of the city. The above establishment will be seld cheap for casn. at private sale. It has beea doing a conside- rable business for the last 15 8, and has wrun of the best gustom, The Store 1s beautifully fitted up—the Stock sud ols complete—and a person with moderate means ean make business, Inquire of B&NJ. F, BROWNE, D STATES MARSHALS OFFIC, New York, ry Mesers. Wyant & Ketcham: Geot'emen— at you are the General Agents for the ale of br Uphaan’ Vegetable Elertasry, for the cure of the Pilea d have deemed it my duty to volunteera recommendaty nin be- half ofthat invaluable met 1 MM cted for many the piles, aud have tried various remedies, but wita jal effects. Indeed, 1 began to consider my cave hopeless. But, about the lat of Pentember last, I was prevailed jend to make atrial of the above named med cine to all who may hive the misfortur ye that annoy: respectintly, pa obd’tserv’:, KLY MOOKE. Sot and retail vy WYATT & KETCHAM, 121 Fu'ton + tail by Dr. A. Upham, 196 Bowery. N.Y.’ Price $1.ab INTELLIGENCE BY: THE MAILS. APPAIRS IN WASHINGTON, Wasurnaton, Jan. 7, 1848. The Slavery Question, In that most exquisite of modern novels, “The Collegians,” « story is told of Dan Dewley’s wife, whom that worthy man found one day, on returning home, in very doleful affliction; but let met tell it in Lowry Looby’s own inimitable style :-— “Well, he was out of a day at work, an’ hia wife was sitten alone by the fire, a few weeks afther they being married. Now there was one of the stones in the chimney, an’ it stood out loose from the morthar a dale beyond the rest. Well, she sat looking at it fora while, and the thought come in her head, ‘If [had a child now,’ says she, ‘an’ he was standing a-near that stone, may be ’twould fall out an’ brain or me.’ An’ with the thought of that she began roaring and bawling, equal to anything ever you hear,” Now for the application. A few months after the recognition, by Congress, of the war with Mexico, certain gentlemen got terribly fright. eved about the possible existence of slavery at some remote and indefinite period, in territory that might, by possibility, be acquired by the United States, et some period, equally indefinite and remote. None could tell, at that time, whether any territory would finally be acquired, and still lees, if acquired, whether slavery could exist there. The folly of this precipitancy is already demonstrated. With the exception of a small portion of Lowers Califoraia and New Mexico, the whole country must, from its na- ture, ever remain exempt from slavery; and even in those portions, except where the question is already settled by the conditions of the annexa- tion of Texas, slave labor would be so unprofitable that it is quite unreasonable to suppose that slaves can ever be brought there. This has become entirely apparent to most northern men, and they have, in consequence, abandoned (most of them) the ex- Titinots Pans i i N. of Jaspe, Jounty, Ilingia, an agent for the sale and settlement of landa in Lilinciy, will be nt the Merchants? Hotel, 41 Court- landt street, below Broadway, from the Lith to the \éth of Jan., and will be happy to meet any persous interested in filinoit treme doctrines of the Wilmot proviso. But they, nevertheless, adhere to the principle that Congress can legislate for the territory to be lands. a rto Messrs. Thos. li. Davis, Lewis B. Binsse, and FREN'.H GOODS.—sHED & LANE will open this morning fram suct Gords per ship Louis Philipp ges uew style Frevch Gingh»ms, 40 inches wide; 10d splendid potterns; 10 do. do. 12 pack a jo du en The above goods are al! erfect aud sound in every respect, excert wet by salt w:ter. in wont of anv of ove goods can get bargains in ED & LAN, 65 Catharine street. Ww GOODS FROM THE LOUIS PHILIPPE — Beautiful FRENCH GINGHAMS, vers wet, but slightly damaged. at only one shilling per yard—the cost double. Come soon—they w W.& WF. GILL 430 PES—A large assortment of well seasoned neludiug £0 000 Yara Principes, for anle cheay, AMS & CO., 18 Bowery. Deniers in the city stock worthy their attention. A prime selection at OWN, Stone-Seal Fugraver and Hi * 233 Broadway, opposite the Park—Conts o/ cyphers, & Cay c'l cases and signet rings engraved with arms oi device; conts of acms found and painted in any style frem $2 upward, and forwarded to any part. of the United States or Can Books of hereldry kept with upwards of 200,000 names. information given in heraldry. =A situation by two respectibie VW “young Girls, one as chambermaid nnd fine washing and ironing, or to do the housework of a small private family; the gtheras nurse and seamstrese or chamberwork ard sewing. The best of city reference can be given. Apply atd?8 Bowery firat floor GPAs LANGUAGU—Macesca’s ‘System —A new Evening Ulass will commence the study of the above Language on Weilnenday. (12th inst ,) at 6 o'clock precisely, aud continue every Monday, Wednesday. and Friday, from 6 M. Gentlemen dispored to jin t Spanish € (founded upon Oral System of teaching Living Languages ) may hhe had either at the anthor’s,( No. 16 Walker st.) or at Messrs. & Vondon, No. 36 Courtlandt st. RROKEN BANK Bi.bx! BROKEN BANK BILLS! taken in exchange forall kinds of foreign and domestic Dry Gnods, blenched aud uoblexched Musling, Swiss and Mull do, wide figured Maslins fr evening « rich Muslin de lati ead plaid “Alpaca, rich ploid Silks, ladies? and men’s Sitk Gloves, gentlemen's Sarpenders, cheap: fine Linens for shirt bosoms, Linen Disper and’ damask for tal eloths, all of wh ch will be sold very low at GEORGE STEWART & COS, 143 Walker ateet, corner of Mul berry street. Bs LEAD PENCILS AND POINTS.—WiILLIAM MONROK respectfully gives notice thet he has relin- quished to his son, FRANCIS MONROE, (who has been his prineipal assistant for the past sixteen years ) the business of mapufaciuring Black Lead Pencils sid Points, as made by hi Sincere'y thanking his numerous customers for their liberal patr re, he ld ask nc sume for his successor, confidently recommending him as per- feetty competent to carry on the business. and as bemg the only Person poreensin a knowledge of bis method of manufse- turing—FRANCIS MONKOF, would inform the public that he will continue to manufacture Black Lead Pencils of the same description as those which have for so ra borne the name of jonroe. W. M's urerior article, acd ent mannfactnrer to randis Monroe will San. Ist 1848 TING OF TH WASHINGTON FIRE ENGINE COMPANY, No. 2, Pete Ba Jonnary 11. 1918, the following resolution was unanunoumy adopted :—Resolved, That the members of th’s company con- Sider the conduct of Samuel Lynch, of tie Thatehed Cottane, Jersey City, in preventing their partaking of the liberal hospi- tality of the authorities of Jersey City, as vogentiemaaly in 4 Ye improve them. All orders addressed. be _punctually attended ito. Gon the extreme, and entirely at variance with the good fealin heretofore existing between M: d this company, +n must express their surprise differen” those usual AM RAGEN « BRIS’ on STOPHER tee ‘pss KS OF WASHID ON FIKE GINE COMPANY beg lecve to tender their » thanks to the Mayor and Chief Engineer of the Fire Depyrt- ment of Jersey City for the kindvers and gentlemanly cour- tesy extended to the Company when on duty at the Fire, on the evening of the lth i-rt., and regret they were norble to 89 rereeh, provided JOHN CHRISTOPHER MANAHAN, ch oe MONAE The iether lond Society thaving been di ew Society fimed by some Holtanders, under the above name, we hereby reques all these who wish to join in becoming mem- bers thereof,to sttend a meeting for the elect on of officers, which is to be held at Kathban’s Hovel, this evening, at 7 o’clock. FFICE of the USTON MUPU NSUKANCE C New York, Jannary Ith, 7818 — Board of Tru have this day unanimons'y resolved, That interest at the ra of six per cent. peranuum, from the lat of May Inst to the lat tact, be paid to the Stockholders, upon the amount stand- dd; but that eript ving that the iuteresta of the ind the public i the surplus dend.—T, Rn N, Vice Pres. ty with be advanced and strengthen: the Company for. OH a HE CITIZENS DINING ROOM, ft xcelient b Ii of fare to thos ts good living. That univer Pork and Beans, served up at this place, we who have tried the be placed ew diving salo AVA COFFEE —of on extra qual every day, at 12% cents; very old Su nt winter Jamp oil 75 cents a gallon 0s. a callos h, cannot be equoiied; In fact, all of the dishes in the sme category. Toe public ousted and ground a da. 10 cents: ek of cheap sugars constant! . and T ler, Nos. 250 and 428 Greenwich, and USICALL J 1 Violin—CHARLES &:. part of the city or Brooklyn, or av his res way, and by relerenee to, his pupils in families, will prove that his aptituae aud excellent system of The ceitointy of a rae pid improvement (by his assiduity with thore under his : tion) may be relied upon. Refrrerees also to the most ¢: tinguished professors of the city, emoag whom are Messrs. | ‘imm and Geo. Loder. | AKING UF TO ORDER, Dievs | ith the richest trim ni by the | 3 fine black own socks w elegentcloaks at one half the cost price, tny from $2to$ 0. Cleaning and re- jog. Cash raid fur gents clothing, at the $5 suit store, cor EM. No. 15 jadies that he will le atyle for Balls, Parties, their address he will eall at theit ery description made to 2 Cemcos. ‘Gruameatsl hair work a T OFF CLOTHING AND FURNITUNE WANT. —Ladies and Gentlemen having smperfluons effects f, such as Wearing Apparel, Farn,tore, &c , can aah price for the same, by sending for the sab: seriber, throvgh the post ilice or otherwise. who will atiend nees J. LEVENSTYN, 468 Broadway, up can be attended to by Mrs Levenstyn. THING AND FURNITURE fair eash price for the same by sending x note, ou the subscriber, at idence, a thivough te post, which | will be punetually attended to 'M. DY BOER, 713g Canal | street, up stairs. —Ladies ean be attended to by Mrs. | De Boer. Old stock and job goods bought, of any description and amount. SHOE FIND & MH HOT 5 No street, New York, importers cf iastings, galloo! annexed, up to the time when such territory shall be admitted as one or more States into the Union, From those entertaining thia opinion, are to be excepted Mr. Cass, and, I believe, Mr. Wood- bury, and some few who think with them. To this doctrine the opinion of most southern men is diametrically opposed. They believe Conuress has no authority over the territories, and some that, in them the constitution of the United States is alone operative; others, with Mr, Cass, that the legislature of the territory hag a right to control its domestic affairs. Mr. Cass argues that Congress has no control ever the do- mestic concerny of the territories, and that the territorial legislature has such control. But the territorial legislolure is the creature of Congress, and derives its powers immediately from that body. Congress cannot delegate power which it does not possess, norcan the legislature derive power from a body which has it not; it follows, that if the power ts denied to exist in Congress, it cannot be affirmed to exist in the legislature. Mr. Calhoun regards Congress as wholly with- out jurisdiction in the domestic concerns of any territory to be acquired, and declares the consti- tution the only law governing such territory until its admission into the Union,when the people have aright to decide for themselves, therefore, that any citizen has a right to take slaves into any terri- tory that may be acquired by treaty or otherwise from Mexico, without an act of Congress to au- thorise the existence of slavery there. In oppo- sition to this view, it is contended that, by the law of nations, the fundamental, Jaws of any country annexed te another, remain in full force after such annexation, until they are expressly changed or annulled by the legislature of that other country; or, to apply this to Mexico, that the laws of «ny portion of Mexican territor’ an- nexed to the United States, will remain in force unul disturbed by actof Congress. -Mr Calhoun argues that Congress 1s a mere combination of delegated powers—that the States, singly or cole lectively, bave no jurisdiction over the domestic concerns of the territories, and consequently, that Congress, the mere embodiment of their will, can have no such jurisdiction—that this de- ficiency is supplied by the Constitution of the United States, which, by the very act of acquisi- tion, whatever that may be, is extended over the territory, and forms its supreme law abolishing all laws conflicting with its provisions ; that American citizens going to reside in New Mexi- co er California, alter they have become United States territory, would have the right, without an act of Congress, but, merely by the exten- sion of the Conatitution, to worship, accordii to the formula of any. Protestant faith, althoug! the Catholic religion is established there by law, because the establishment of any religion lapre. Y o! ference to any other, is contrary to the spi the Constitution. Hence, he argues, thats! Ty, not being consistent with the Constitu- tion, can exist in the new territories, with- out any act of Congress to authorise it. But Mr. Calhoun will perceive that this is not a logical consequence, for although all the laws ot Mexico conflicting with the Constitution of | the United States, are at once, and ipso facto an- nulled in any territory acquired by the latter trom the former ; yet all the positive and nega- tive provisions of the Constitution are not, there- fore, brought into operation by the mere circum: stance of acquisition; and, furthermore, it is urged, that this Constitution, without someact of Congress to shape its force and give it effect, 1s like Fove's thunder, quietly sleepin behind his throne, or a bomb-shell in the hollow of a mortar—impotent, ineffective, and entirely de- void of that self-acting bt r, which its enthu- siastic eulogists are fond of ascribing to it. For the ordinance of 1787, Mr. Calhoun has very lit- tle respect, from the alleged circumstances ot its preston: and asa precedent he deems it value- ess. Here, then, is issue joined between the North and the South as to the powers of Congress over slavery in the new territories. The principle as- serted on each side is too grave and serious to be lightly given up, but asserted too vehemently they may lead to the most disastrous conse- quences. The discussion of the question in 1819 and 1820, threatened the gravest and most la- mentable results, until prudent men of both sec- tions and of all parties agreed, without abandon- ing their respective opinions, still so to coumpro- mise the matter as to satisfy the scruples ot the North and ot the South Accordingly, Congress passed a joint resolution, declaring that slavery never could exist North of a certain line (36 de- grees 30 minutes North latitnde,) not affirming slavery South of that line, but leaving its instita- tion to the people of the country, and this is what is called the Missouri compromise. There is every prospect that the present ques- tion regarding slavery in territory to be acquir- ed{rom Mexico, will be decided similarly. The North, as I have said, Ped much preter such an arrangement to leaving the question open, ac- cording fo the views of Mr. Cass and Mr. Cal- houn. The South, | have every reason to be- lieve, will be satisfied with the Missouri com- promise. ‘The North wili insist on some settle- mentot the question, and next to the extreme doctrine of the Wilmot proviso, it would preter the Missouri compromise. There will soon be, moreover, a strong rivalry between the two reat parties as to the claim to this measure.— fhe Taylor whigs, I have reason to believe, will soon declare in favor of it. A large portion of the democratic party is already in favor of it, and the whole party will soon unite in its support. ‘The two parties being thus friendly to the mea- sure, there is no doubt the question of slavery in any new territory to be acquired from Mextco, will be quietly and happily settled. GALVIENSIS. Wasuineron, Jan. 10, 1848. Me Consular System. : Frequent attempts have been made to intro- duce some reforms into the consular system, Mr. Buchanan deserves to be remembered for his efforts, A bill has been several times intro- duced to re-organise the whele business; but webs, cord, Incers &e, shimmers, pincers, awis, tnel &e.; dealers in Frene# and American calf skins. moroce and pink linings, soant, goat and lamb bindings, sh: of the most approved patterns, nails, p & wfacturers of lasts, Holi’s heel ball, ste fn knife straps, and clarified wax, superior DF shoe harness makert; egents for the sale of Read’s patent we!f-ty ele nd | en | so agents for Hall's Freach red for putting a fine elastic fi- of boots and shoes. It will not veturersand eealers 2 Pearl street. JA- ing crimping iroes and form lish, the best article yet diseo nish on the uppers of all kind crack like varnish. Poot a will fin Vit to their interest to eal at D MERIEN HOLT TONES & UO.. Tolegraph Commis oF News snd Commercial ft Mere lw cha ¥. 6 AL REDUCED PRICES Sar Poach Orchard (Red Ash) ( on Ageurs, ¢ , 38 William iim now selling the pool 6d MeoG at 6s4, nt of whest was made at the The last engegemer » There ton - Te was nothing new in rai vered, at $550 per ton, ige Nat; 0 $6 75 (or stove, Kgs or broken. then rect frei che boats. Will be aS | SERA ELitok e | at $4,00 gargoes of las c ane Se sal | the greater questions of peace and war have interfered, Mr. Kockwell has introduced a new bill, and as we have a long session, aud some sort of a prospect of peace with Mexico, we may be able to do something for the consulates before the adjournment next fall. Under the present system, there are 178 con- suls. And the expense of 126 of the list, for 1815, was $87,600. Pitty-three consulates had not made theit returns for that year. The new bill provides for 129 consuls, expense $279,500—49 consulates disqontianed: Yl for paying salaries instead of fees; 3 consuls He D0)e at $3,000; 35 at $2,000; 20 at $1,500; 5 P 8500. * 54 vice consuls at darks 6 wider , When we have time, we view of the subject,