EDITORS CORRESPONDENCE.
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New ORLEANS, APRIL %, 1916.


The Oregon resolution, as finally passed by Con-
gress has given much satisfaction here, being
sidered peaceabe measure, particularly as all the
!. war hawks = voted against it.


The discussion on the new tariff will now, pre-
sumo, come up. The theory on which the great
reduction is urged is so absurd that am at loss
to see how it can be subject for argument. 1t is
asserted that the present duties are so high as TO
curtail importations, and that, in order to have
real revenue tariff they must be placed at such rates
as to induce the greatest possible revenue, and by
adopting this plan the present revenue will be in
creased. The average proposed reduction of duties
is, presume, at least one-half. Consequently, we
must import double, in order to have our present
revenue and, if there is to be any increase it can
only be by importing more than double what we
now do. Is it possible that there is any person in
the Cabinet or in Congress SO thoroughly, so per-
iecuy ignorant on the subject TO suppose that this
country, under any state circumstances, can
for single year import double the amount Of her
present importations If there is any such per-
son, for one, will not consent to argue the point
with him, and the sooner he has keepers appointed
the better


The tariff, presume, is destined to destruction
and, that being the case, think it advisable that its
doom should be settled this session, and the substi-





until next session. the ruinous effects of it will not
be sufficiently felt by the nation in time to operate
on the election in l84S. If the dose must be swal-
lowed, let us have it at once, and the sooner the
people will apply the proper remedy.


still continue in my former opinion that there
wiil be no fighting on the Rio Grande, unless some
little affair of parties, and that Mexico will not de-
clare war. The details Of the Mexican force con-
centrated and concentrating is greatly exaggerated
and much Of it pure fiction. They have not the
means to equip and properly supply an army that
can make an attack on Gen. TAYLOR.


Heavy supplies are constantly going hence to our
army: even forage for the cavalry is all sent from
this port, and they have large fleet of steamboats,
for the army must be enormous. As specimen OF
the mode in which public business is transacted, Ino-
tice in recent publication by the quartermaster for
proposals to supply twenty thousand bushels of oats
and corn for the army, that the contractors must
wait for their money until Congress shall make ap-
preparations to pay for the oats. In this place,
where all such sales for cash. and paid for on de-
livery, and where money is always so valuable, you
may readily imagine how such condition will add
to the price, particularly under the uncertainty
when an appropriation may be made, and even the
risk that Congress may not make it at all Rein
forcements are going forward to Gen. TAYLOR. The
StcdiiicI lCicgTdpH toOh uoWH last Wcck TWO VI
three companies, and detachment of two hundred
men arrived here yesterday from New York, and
will Immediately embark for the Rio Grande.


You will see, by the proceedings of the Texas
Legislature, the mode they propose adopting to pay
off the debt, scaling it down to the actual value al
the time Of issue, without at all rehectng on the
gross injustice OF such proceeding, when the only
nducement at the time for parties to take it. at the
discount it then bore, was the chance that it might
be redeemed at par at some future day, and when,
Of course, no one would have taken a dollar of il
OH condition that they never were TO receive more
than they gave. The debt, thus reduced, is to be
paid from the money TO be received from the Uni
ted States for the sale Of the public lands to Uncle
Sam. 1 will advise you more fully Of the plan
that is in contemplation to fleece the Treasury a
Washington, and in which many persons in higf
places are concerned.


The prospect Of the passage Of the Subtreasury
is affecting business and the value Of produce here
very injuriously Bills on New York at sixty days
per cent. discount: sight checks ! per cent. pre-
MUM. This great difference arises from the pres
sure of the money market at the North