BY THIS MORNINGS MAIL.

Relief Of the sra.es-WarehousIngs system ;


&e..E1ehtquer.
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Correspondence of The Irionae-


" ..arSeros, Thursday Jan. ., isiS.


In the House OF REPRESENTATIVES, to-day
the Committee ordered some time since, ana lis
appointment deferred on account OF The inaoih1y
OF the SPEAKER TO select members disposed 10 con
slider the matter with fayor) on W. Cost Johnson
plan for the relief OF the States, (by the issue and
distribution of $500, 200, 900 Government stocS)
was appointed, to consist of the following mem
bers: Messrs WM. CosT JOHNSON, Chairman y
GENTRY, ADAMS, CASEY of H., CoorER OF ia
MARSHALL of Ky, NORRIS OF OHIo, HOWARD
and CRAvENs of la.


Mr. USDERwooD, from the Select Committee
on the Improvement of steamboat navigation, re-
ported amendments 10 the bill now under consio-
eration OF the Committee Of the Whole.


Mr.. KENNEDY of Md. from the Committee on
Commerce, reported bill making provision tor
the warehousing of imported goods. DE stated
that the bin met the unanimous concurrence OF the
members of the Committee, although this was not
the case with some of the arguments OF the ac-
comparing report. motion to print 5000 ex-
ira copies of the report, which is understood to
be one of much ability, lies over.


Mr. WISE presented several memorials from
Buffalo and other parts of Ere County in favor OF
the Exchequer.


The anli-Exchequer resolution from the Com
mittee of Ways and Means was taken up at the
instance of AIR. FILLMORE, who expressed the
hope that the question would be taken to-day


Mr.. PEsDLEToS made sensible speech in op-
position to the Ezchequer scheme.


Mr.. WISE replied to MIR. Marshall, Ia defence
of Mr. Webster from Mr.. Ms. charge OF inconsls-
tency, in having long and uniformly directed his
mighty powers of intellect and argument in oPpo.
sition to Government Bank, and then when In
power, of recommending the very thing which ne
had thus condemned. He attempted 10 prove that
the Exchequer was not Government Bank-that
it partoek no more Of the qualities of such bank
than the Treasury itself, or than the present sys-
TEN Of Government tinancia! operations under the
control of the Treasurer of the United States, ac-
cording to the law of 1889, &c.


Mr. ArHERToS, (the author with Mr.. Pickens
of the minority report in favor of the Sub-Treasury)
occupied his hour in an exhibition of the beauties
of that system, so sgnally repudiated By the peo-
pie in 1910.


Mr. PROFIT advocated the adoption of the
Exchcquer scheme.


Without action the House adjourned.
In SENATE, Hon. ARTHUR P. BAGBY OF Ala.
bema made his first appearance for the session.
Petitions for and against the repeal of the Bank
rupt Law, for the Exchequer, &c, were pre-
seated.


variety OF private business was disposed of,
by adverse reports, indefinite postponements, NC.
Mr. BAYAKp, from the Committee on Naval
Affairs reported a billstoamend the Act reorgan-
izng the Navy Department.


The consideration Of the Oregon bill was re-
sumed, and Mr.. LINN, (thc in,roducer, as will be
recolected, of the bll,) at some length advocated
its passage, and replied to various arguments OF
gentlemen preceding him. He referred to the
delays of Congress from time to lime in action on
this subject to the fact that through the encroach-
ments of Great Britain by her Hudson Bsy Com
pany and in other ways the annual value of our fur
trade there had diminished since 800 from four
or FIVE hundred thousand dollars to the compare
lively insignificant amount of tOro or three thons-
ana, to various evidences of the great produc.
,iyeness, fertility and value of the country and
urged the policy of encouraging settlements by
grants Of land, protection, Sc. He denounced the
course Of Great Britain in reference to the Nc
Leoa case, the question of the search Of vessels,
and other questions, considering her pacific dispo-
ston subordinate to her seltishness and rapaci;y,
and arguing thesce that we should no, hesitate in
boldly asserting and maintaining our rights, &c.
&c. The Senate adjourned. ARGUS.