AMERICA.

Southland Times, Volume III, Issue 263, 21 May 1866, Page 2

AMERICA.

Nfw Toek, March. 10 Money is abundant. Grold. 132. Exchange on London, 143. Cotton dull. President Johnson has taken a bold stand against these who oppose his policy admitting representation of the. Southern States to Congress, &o. He sticks to the Constitution, aad denounces several lead-

ing men by name as wishing to overthrow, it, and who countenance his assissinatiori Memorials, deputations, and addresses flowed to him from all quarters, supporting his policy. He has vetoed the Freedman's Bureau, a measure ostensibly to Make provision for the negroes, but which would effectually place most of the Southern States under military law, overriding the civil authorities. The President declares his desire for a full enjoyment of freedom and equality by freedom ; but the bill 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 war. , On the following day, the bill with veto appended was discussed in Senate, amid tremendous excitement. Mr Wade proposed to amend it making any President in* return for his veto rendering any President ineligible for reelection after serving one term. After a long debate, amidst profound silence and great anxiety, the billwas negatived by thirty to eighteen, with enthusiastic applause. „ .

Mass meetings were held in favor of the President's policy to preserve the Union, his wise and beneficent policy towards the South converting them to his views.

The Radicals and Abolitionists are utterly crest-fallen, and obliged to submit. Mr Johnson's triumph is complete.

Eecruiting for the Mexican Eepublic is reported as progressing in New Orleans. A criminal indictment has been found against Maekenna 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.