NEW YORK.

West Coast Times, Issue 212, 24 May 1866, Page 2

NEW YORK.

Maroh 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, flee. 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 Freedmen's Bureau Bill, 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 freedmen ; 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. President in 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, the bill was 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 tho South converting them to his views. Tho Radicals and Abolitionists are utterly crest fallen, and obliged to submit. Mr Johnson's triumph is complete. Recruiting for tho Mexican Republio is reported as progressing in New Orleans. A criminal indictment has been found against Mackenna and Rogers, Chilian agents, for breaoh of neutrality. Advices from New York via Panama, state that peace propositions were submitted by Spain to Chili, but declined by the latter.