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WHIG LEGiELArIoN.-Mr. Fillmore from the Committee of Way and Means has reported bill to the House of Representatives authorizing A LOAN of $12, 900 900. This was done on Thursday the 24th ult. On the very same day MT. w. c. Johnson another whig reported bill to distribute give way the nett proceeds of the public ands Was fol- y ever more egregiOus-stupidty more blind or ab- surdl What does it amount to7 That while the Trea suy is short of funds they propose give away permanent branch of revenue, and maie it up by borrowing at interest from foreign capitalists, and to pay the interest and principal upon the loan, the pro- perty of the people to be taxed in new duties. This is specimen of Federal Reform Legislation.- But this is not a To render this absurdity plausi- ble, the whg Secretary of the Treasury has been de- tected and exposed the most papable and glaring nistatenens regard to the real condition of the Treasury; mistatements which could proceed but

 from two causes, gross ignorance of the duties of his department, or what is more probable, a shameless attempt to impose upon Congress and the publc.- But thanks to the talent and experience of Senator Woodbury, and the clear headed examination of Mir. Wright ints Mir. Ewing's report, the fraudulent scheme has been exposed and the Secretary has been condemed by his figures and convicted from them of large over-satement of the amount of the deficit All this, however, was ne cessary to Mir. Ewing's party to jastfy the called session of Congress. It was necessary to show the people other reason for the extraordinary expenses to which they were put in convening their legislatures and holding spe- cia elections, than the hurry of Mir. Clay and the other leaders to put the Sub-Treasury to death, to charter bank squander the public domain, and set up that gigantic system of corruption by which alone the party could retain heir power acquired by fraud and deception--it was necessary to show some oth- reason for this great hurry than that this great pie bald whg party would fall to pieces before he could consummate his schemes to oppress and enslave his countrymen-and while he could not wait on party grounds for the regular session, he obliged to give public for the extraordinary conversation of the Peoples and this reason was created not found in the state of the Finances. The Treasury. said they, wanted replenishment, and could not get along without congress-and Mir. Ewing

 in swelling his charges against against the Depart ment hss only carried out his part of the plan of the fraud.

 Let it now be known and remembered by the peo- pie, that it has been proven in debate iu the Senate, that there for this session be found in the condition of the Treasury-and that with eco- nomy and prudence the means were abundant to meet the expenditures. But this we shall show at another time.