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a this subject. IN q speech which was delivered
from the throne during tho administration OF
Earl Gray, and which expressed the most $50.
lutte determination to uphold the Union. The
present government, he said, would exercise for
this purpose all the powers vosted in them under
the existing law; and though not desirous Of
disparaging the constitution by applying for new
and extraordinasy powers until those Of tho ex-
istiug law should be found practically INSULT
cient, they would not hesitate, should that Insult.
fciency become apparent, to appeal to Parlia-
ment for such enactments as would cffectually
obviate the OWL; for they wore persuaded thu Ro
object attempted was not merely, as some called
il, tho repeal of q statute, but the dismember-
ment of the empire. The application to Par
lament, should it come to be necessary, would
be made, he was sure. with the greater success,
in consequence Of the forbearance of ministers
to make it until the necessity should have been
manifested by experience of the inadequacy OF
the existing law. ei1-


Financial. Secretary Spencer has some
novel plan afoot in regard to the currency we can
scarce doubt, from the various notices OF it which
we see in the Northern papers. What it is we
will not take It upon ourselves to assert; the fol-
lowing notice of il is from the correspondent OF
the u. s. Gazette.-Pic.


Mr.. Spencer has grand scheme Of FINANCE
and circulation on foot. to issue ten millions OF
Treasury notes, all of $50, all reIeemabe at


be made deposit banks, The plan is fixed and
settled, and il is intended as movement against
q United States Bank, by giving circulation to
the country in the form of their notes. Great
importance is attached to it by the Cabinet as a
political move, and it will probably be the nucleus
on which to build great political machine, en-
bracing discounts, exchanges, &c.