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The whgs, at the closing of the last session, un- der the plea of an empty treasury, procured the pas- sage of treasury law, for the emission of five mill lions of dollars in Treasury notes. This was done, was alleged at the time, to supply the wants of government until the regular Congress- and obvi- ate the necessity for extra session.

 Mir. Woodbury, in his report, proves clearly, that the ordinary proceeds of the would, with nomy, be amply sufficient to supply all the wants of government, but to leave for an extraord- nary session, the issue of these five millions of Trea- sury notes authorized.

 Immediately afterwards, on the 17th of March, Daniel Webster issued his proclamation, stating that the finances of the country embarrassed, and that, without extra session of Congress, the wheels of government would be very apt to stop. To render this plea as plausible as possible, and to withdraw public attention from it's inconsistency, great hue and cry got up, against the mprovidence of the last administration, and the Federal orators by a process of augmentation peculiar to themselves, showed that Mir. Van Buren had involved the country in debt of s4O,OOO0O0 This was clearly, expli- citly, and irrefragably proved to be false by Mir. Woodbury himself. A falsehood, however, was thought to be admissible when a great object could

 

 be attamed by its

 These are the facts of the case and are sufficiently plain to show that the extra session was not caled is alleged, for the purpose providing for the public necessities. The question then arises, what was it called for?

 Now we think this question may be solved without much difficulty it to present on frstview, and in answering it, adop, almost verbatim the language of one of best financial writers in the country, (of the lIerad) and attached to neutral paper. The first object, then to the par ttion of the public lands among the States for the be- net of specuators An increase of duties is the next and necessarily so the excuse for grows of the deficiency caused by the first proposed measure. Then we have the repeal of the present fiscal agent; then the charterng of another that will better secure the purposes of the sockobbers and spectators, and become an instrument of reward For the same ob- ject will be the creation of national debt

 We have here five measures, two of which are to repair the evils caused by the other, and the whole constituting the leading features of gigantic scheme of extrayagance and speculation,--the essence of which is taxation of the people, in the form of high duties for the avowed benefit of the stockjobbers. This taxation is also laid in the form most desruc- tive to commerce. It is another barrier be raised between nations to prevent free intercourse, and this at time when the country requires, above all other things, an increased market for her produce and encouragement to trade. Simultaneously with this proposition choke commerce by increased bur- dens it is proposed to regulate exchanges by crea- ring monopoly bank, and destroying the trade of all other banks in the country.