Alexandria Gazette

POLITICAL REVELATIONS.—The organ of the Government at Washington favors the world with a glimpse of Mr. Polk's message to the next Congress, as now in embryo. It seems from the revelations there that Mr. Polk is to recommend that—

Congress assume the debts of Texas and take the lands, or that

Congress take the lands in trust and pay the debts as far as her lands will go.

Mr. Donelson, too, we learn from the same source, acted in the promises he made to Texas upon general instructions, which the President will carry out so far as he can, by urging their fulfilment upon Congress.

This proposed assumption of the debts of Texas must open in Congress the assumption of the debts of other States; and it may lead to the success of Col. Johnson's proposition for a general assumption of the State debts. It is pretty certain that "the democracy" of Michigan, Illinois, Indiana, and Mississippi will not readily agree to pay off the debts of "the democracy" of Texas, unless there is to be some reciprocity.

It will be urged, however, that the Texas debt is a peculiar debt, and, indeed, that there will be no "assumption" if the United States takes her lands to discharge the debt. But Texas, in this respect, is not peculiarly situated.— Maine has public lands, so has (or had) Massachusetts; both of which States, we dare say, would like to have the Federal Government take their lands and pay their debts. Again, the new States all own more or less of public lands, the gift of the United States for school and public improvement purposes; how gladly they would give up their lands, if Congress would secure them from insolvencies and pay their debts!

The "democracy" will be a little puzzled, too, in redeeming some of Mr. Donelson's other promises, viz: those that promise the expenditures from the Federal Treasury for internal improvements in Texas. The "democracy" of '98 in Virginia, and South Carolina, and all along that region there, deem such appropriations "unconstitutional;" and "the democracy" of Northern Ohio, Indiana, and Illinois, with the "democracy" of Michigan and Wisconsin, demand—that is the word, demand—appropriations for their light-houses, harbors, &c. before Texas can be supplied. They will be apt to reason that, if it is constitutional to clear out the bar at Galveston, it is more constitutional still to make a good harbor at Milwaukie, on the Maumee, or Sheboygan.

The "democracy," however, must settle their own troubles. Texas is pretty much in the Union, but, a sugar-growing State as it must be, and full of improvable rivers, we are inclined to think it will turn out a Trojan horse for the Free Trade, and "the Free and Equal," as well as the antiquated '98 "democracy."—N. Y. Express.