Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-02-14

ouan, event. hsve proved be well grounded that 1t
a m only the most adyan agsous which could he made
for tie interests Of Tie Government but preseh'eu u
that lime connection with the arFangeiheht 'oI '''
mode oil paying the bond due in September 1000 ''c
only means by which failure 10 meet Inc pecuhafy en-
cagsmen,s Of the u s., or the alternative oil an"ieT
call of Congress by The President, could be avoided
Uuder these circumstances, aud "!h lhese c"h''c'"'
va 1t 10 be my duty TO USE my besl rnTh'u'H "
ass, ia bringing the negotiation Tor the sale oi The bond
10 the Bank successful issue, esptciay as 'i"ss
fluids we're reIlI,d 10 the important operations
If This DspiftEirt which, at i'ai particular period
The peace aud the character oil The county 3" essentially
GeTCHGed
From the facts here stated, learn that lie Bank. IN
mukinr its propositions .0r anticipating the payment oil
second bond. Ia become due IA SrpirihrT LES, rs
we'll : purchase H." rw0 bonds witch Odd net fall
due unti! September, 1889. and c30, Kept steadily III
virw ihr Disbursements OF The War Department, and
constantly manifested III" intention at making The pay.
,nrnIS hy nIee,lHI those disbursements lience, in April
wtei, M hiacae holding his corresp' nF with
The Secretary of he Treasury, aud making hiss PROPOSE
r"rs as the agent II Tie Bank oT antic Paing III pay
tnen MS t. pnn Tie bond, hch correspondence has
beer he trr particularly referred to- he nppl 10 The r
crrafy of ar is here stated To ascertain IN" qup
~, MS o that Department, Tor the residue oil The year
c;c and, finding they would be large urged that lie
bank uurds should be gued 10 thai Department, that
the negotiations OF the Bank might be carried on whit
i-iug Informed that such an assignment could not he lie
na.Y made the negotiation was prosecuted 10 lis Hisn:
c,sslul termination with the Secretary Oi the iIrasary,
as has been before seen On the 2lst Of July, and after
the law had passed for the sale Of ihr lhlrd and fourth
bonds a negotiation opened 5y the Bank with lie
Secretary Of the Treasury for the sale OF those bonds
again appears by Tie above statements Q" the Sc
Cieary U! War the npnr"is were made 10 him. and
tie saue desire expressed, That lie payments ny The
Bank might be made in 'hr Disbursements Of his De-
oaT;meui Being convinced HAT payments IN that
ner would by The Eark hr made essential condition
The negotiation. the Secretary expressed his Wiling
ness TO accept TIE payments desired provided such
an arrangement should nre. the appreciation Of The Sc
creiary OF the Treasury
On the Odd day oiJuIy ar. Manchester rr-oprned The
negotiation with the Secretary OF the Treasury Tor an
arrangement 10 the payments upon thu second bond
which negotiation continued open until the 10th Ol
August, hen closed by agreement that that
bond should be paid IN three monthly instruments "i
equal amounts and that the drafts Of the Treasurer for
The mory, should be met by the Bank, at the pisces
where they should BE- made pay able, which pia aud
the amount Of drafts be drawn upon each constituted
a material part Of the treaty.
IT, now, we bar III rind TINT the same mode oi pay
lru, Of The purchase money Tor the third bond WAS The
OIL; CT OF the collateral negotiation carried on with The
Secretary If ar anterior 10 the purchase OF that bond
by the i;auk shall be able 10 understand The facts,
without the danger 81 becoming confused by blending
the two distinct Transactions. The Secretary Of Wa!
tell, US that being convinced it necessary to Ia
voab! Issue OF The pending negotiation Tor the sale If
this laird bond II" entered into the stipulation Ia have
the proceeds al This bond Devoted 10 the disbursements
of he War Department.; to have The payments made al
stipulated places in The South and West IN sl1nated
anou4s al cach place, and 10 draw but about $500 UjO
monthly from this source, upon the condition that the
Secretary Ui he Treasury should comsrn, :" the aIlng
mcn,: that Ec supposed the matter was subsequently
submuri! so III" Secretary If the Treasury and coli
cnrr,a 10 hy him; aud he thinks the agent Of the
Bank closed the contract fer the purchase vi the bond
with this understanding and that the successful ler-
nation Of l!al negotiation IN great measure depended
upon that c"a!erh! arrangement He also eXpn
ms full conviction Of The necessity of the sale OF this
b5L far tie successful prosecution nj The Affairs 81 90
vrrnnent entrusted 10 his charge, ION which 1T that
particular PERIOD The peace and character OF the country
so es>cGiIny depended.
Mt Senator III li, seals cor moment, mis-
take the :,aGrnEi and delicate interests 10 which thr
Secretary Of War refers, using this language. None
here can forget the intense interest felt throughout The
whole country in the successful removal OF the
uid powerful tribes 81 Indians tTcin the South aud
: ,:hw western States. None Eere are Ignorant II the
vast sums Of mrney the Government had stipulated 10
pay extngmsh the lite Of these Indians 10 their lands
within The States, 10 pay the expenses U the removal
al to subsIsl their homes; and none, any
where. Tho know any thing Of the Indian character,
can be ignorant Of The Necessity of having, at the
nrui the money srulatd 10 be paid 10 CT for him II
money due 10 the lrd:an he must have money; and
he must have it when you have stipulated /" pay II. or
your business transaction with him at end f0n
canno, t, han of rmbarrasSments or di:appontmPnts
You cauru, talk 10 hm ii credit, beyond The letter #
your bond aud re,ain hs confidence who, the n, will
ho urpTIsed al NE Anxiety manifested and The RESPONSE
h,i,y assumed by thu Secretary" War 10 secure by liz
sale u hs bond, the requisite funds IN the Treasury 10
accomplish Tia, peie removal Of hese great tribes
which has been accomplished during the past year. and
winch does. amd VIII, reflect much honor upon that
capable aud roTscreri"g public ser"ant'
am aware that s"mc OF tie correspondence woulG
seem 10 i!npy some misunderstanding the Se.
crr,rr,Cs Of he Treasury aud Of War relation 10 this
c"iaca arrangement applied 10 the proceed Of the
;dtI bond, and the esp"ndence renders more Than
proabn that the one the other had labnred under
"a ,Acrsrn, and had interpreted verbal convcrsa-
tons intended 10 be applied 10 the mode and manner Of
payment 81 III" third bond relating 10 the mode aud
manner Of making the anticipated payments upon l';t
second bond Sill The llc's show that the agent OF The
bank made these sIul.Ons essential TO the closing of
his in both cases. and that he uhUrzrd 10
believe that Hey understood by all the parties 10
constitute component part Of that contract The facts
also shGw that HE money To he derived rom both
ROTATIONS indispensable 10 the bralIhtul operations
Of tie pmbc Treasury, While national interests of the
gravest character drpeEtCd upon The ability of The rea
sury 10 r'G deem tie pighied faith Of the country.
What. then, | ask, Mr. President, with some conf.
cence, Is the ndguen 10 he rendered upon these trans
actions? Are tie Executive officers Of the Country t.
be ccnsuTcd and condemned for having entered into
any negotiations with This Bank in relation to the pay
ment o; these bonds, and the supply Of an Exhausted
Treasury irn tina, source and lisa, upon what ground?
Had Mr. Wo Ghu'y said 10 MIR. Dlddie, % ], sir. "p
pn:rd 10 year Bank: the political party to which belong
and with which act and feel strongly opposed to
aad sill not therefore, nrgo,iaie with you about your
bonds w''l not sell 10 you upon any terms, he the
Consequences VIVA, they ngy My political hostility and
the hostility Of my political party, forbid that should
have any business Transaction with you Had our ST.
crrary 81 the Treasury taken this course, and failed In
reaZr the money upon She bonds IN lime 10 meet the
calls Upon The Treasury. IN that event he must and
bad returned here and found the Creeks and Cheio
KEGS not removed from Georgia, Alabama an! Tennessee
,:!r nliIiI:, force withdrawn from Florida for want Of
sm'siscrce--IL" Western and Northern frontiers
guarded, and the pubic works ahand,ncd sYhat would
have been The pubic Jndg upon the conduct OF the
Secretary then: What would haze been the Judgment
I'll this body: Who. then wou!d have stood up here 10
defend The conduct OF III" Secretary Of The Treasury, and
10 to and condemn hIm'
Sir so broad and untrnahc ground as this w! moi he
assume d. bar IT may he saIdhat tile informal and col
lateral undt T.iahGing. 10 which the Secretary OF War
party, has riiird the transactions and gives
far n>ure Let us, for moment look at the facts
The cnuL Le reaz.d the bonds. I'M time