AMERICA.

Grey River Argus, Issue 58, 26 May 1866, Page 3

AMERICA.

Nsw. York, March 10. Money is abundant. Gold 123. .Exchange on London, 143. Cotton dull. President Johnson has taken a bold stand against those who oppose his policy admitting representation of the Southern States to Congress, &c. He sticks to the Constitution, and denounces several leading men by name as wishing to overthrow it, and who countenance his assassination. Memorials, deputations, and addresses flowed to him from all quarters, supporting his policy. He has vetoed the Freedinen's Bureau Bill, a measure ostensibly to make provision for the negroes, but which would effectually place most of the Southern States under military lawy overriding the civil authorities. The President declares his desire for a full enjoyment of freedom and equality by freedom ; but. the biU gives, power to a President to set aside, trial by jury, appeals to superior courts, and general protection to citizens, making trial by court-martial final and absolute, which he considers too great to be conferred on any one man, and only to be -justified if the [nation, is in a state of wjftr. On the foJ■■|M^^^he bill wijfi veto appended amid treMr Wade proin return

for his veto rendering any President ineligible for re-election after serving one term. After a long- debate, amidst profound silence and great anxiety, tiie bill was negatived by thirty to eighteen, with enthusiastic applause. Mass meetings were held in favor of the President's policy to preserve the Uniou, his .wise and beniticent policy towards the South converting them to his views. The Radicals and Abolitionists are utterly crestfallen, and obliged to submit. Mr Johnson's triumph is complete. Recruiting far the Mexican Republic is reported as progressing ju New Orleans. A criminal indictment has' been found . against Mackenna and Rogers, Chilian agents, for breach of neutrality. Advices from New York via Panama, state that peace propositions were submitted by Spain to Chili, but declined by the latter.