Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-12-11
POLITICAL.

sub]oiDed letters have been brought 10 llSnt !hey
90 far to sustain the charges which have been mac by
the Democratic party of an interference the pc Of
foreign capitalists and foreign moneyed institnt pns,
with our elections, and should awaken the scrlou at
tenton Of every American. That immense sun oil
money have been used in the late contest no mar can
doubt and that much Of received from 10 'isn
sources, who has any claim to intelligence can
question The Wing party in the Legislature oil rs-
souri, thrown into considerable confusion 'hen
they found that the Democrats in possessf' OF
the fact that such letters in existence and chen
they called for by resolution Of the House and
the President of the Bank required to furnish aem,
attempt made TO suppress them, and setd to
the world garb!ed and imperfect account q the
cement Of the Bank We give below IT, lei
iers referred to and Of the remarks the coca
sion.-Baitimorc Republican.
Per Great Utstcrn.1
LosDoS, June 3. i ~.
Jons SMITH, Esq, Pres't ofthe Bank
of the State Of Missouri, st. Louis:
Sir: We refer to our last of May ID, and have now
the pleasure of acknowledging the receipt Of your
ieemed letter of I7th April The box with the con-
Pons Of the Bonds in our possession has also reached
W. within these few days; the contents have not yet
been examined, but we have doubt OF these beng
found correct.
We assure you that not unmindul oi your
anxious wish either to realize y"nr bonds at sa;;siac
tory price receive advance upon then but we
regret TO say This is still out OF power; ther" are
hardly any transactions in American securities even IN
The stocks and rs Ia the introduction ut any
stock IN The market We should not CONSIDER crr
advisable creda'lc, We as yet !ore'rl
the period when a material improvement may be rSieci
ed We should consequently in making an advance, lock
up capital for indefinite PERIOD and for ii'> ~
confess, the value Of money is too great at present
AND OTHERS ENGAGED IN AMERICAN AZ
FAIRS IS NOW TURNED TO YOUR INT Err.
NAL POLITICS. AND II THE PROSPECTS
FOR YOUR NEXT PRESIDENTIAL ELEC.
TION HELD OUT BY THE LAST ACCOUNTS
SHOULD BE REALIZED, THIS ClRCUM.
STANCE WILL CONTRIBUTE MORE THAN
ANY OTHER TO RESTORE GENERAL con-
FIDENCE. The payments Of the dividends on Pe:in-
svvania stock has produced good effect, but even
now tha, stock (Which few years ago was prefer
red to all Others and sold high l20 O-0,) can be
purchased from .6 10 Is 90, which viii show you
what could he apectcd for Missouri Bonds. Indiana
dollar stock has been sold at G6 90, Illinois per cent
stock "a 90 but at these rates no large sales
could be effected
We remain respectfully, Sir,
Your nb't. serv't.
FRED. HUH \ co.
rPcr Great Ueytfrn.
LoyDoS, Sept. J. 1870
Jons SMITH, Esq, President Of the Bank
of the State Of Missouri st. Louis:
DEAR SIN: We have duly received your favors Of
July q from ST. Louis, and July - from New ! ork,
and mus; regret still continue unable to meet your
wishes regards sale of your Bonds or loan on the
security nf them The war with which we are threat
encd BY France again dverts the attention OF our capt.
tasts from permanent investments, and all AnerI-
can securities appear quite forgotten. Indiana five
per cent dollar stock was offered at sixty seven
and half 90: and Missouri, being less known, could
not even be sold in the same proportlon II, HOW
EVER, YOUR ELECTIONS FOR THE PREsl
DENTsHlP SHOULD HAVE THE RESULT
NOW ANTICIPATED, IT Is VERY PROBABLE
THAT AN IMPULSE WILL BE GIVEN TO
ALL STATE STOCKS, AND THE MOMENT
MAY THEN ARRIVE WHEN YOUR BONDS
CAN RE INTRODUCED UNDER FAVORABLE
AUSPICES though not at the limit YOU have fixed,
whilst Illinois per cent. sterling bonds can be pur'
chased much lower the price asked at present inF
this latter stock is Sc 90, being nearly 10 90 under
your limit. AFTER YOU HAVE WAITED 50
LONG, WE THINK 1T WOULD BE \ PITY TO
RECALL THE BONDS WITHOUT SEEING
WHAT EFFECT A CHANGE IN YOUR Exc
CUTlvE WILL PRODUCE, IN WHICH POINT
WE MAY EXPECT TO FORM A FAIR JUDO
MENT ABOUT THE BEGINNING OF NEAT
YEAR. II, however, you wish the bonds, or portion
o them, 10 be returned please give US your instructions
and they will be punctually followed.
We remain respectfully, dear Sir,
Your oheGient servant,
FREDERICK HUTH & CO.
Mr.. Bogy of St. Louis, rose and said would like
to know, Mr. Speaker, how il has been discovered that
these letters contain the matters attributed 10 them
would ask, if the committee, or any member of the
committee, has made The disclosure; and would fur
Their ask what right had the committee or any OF It's
members, to let out the information. IT IS the Duty
sir of the committee TO tell the House if the commu
nication has come from them. II they have gone so
far as to do this they have violated their duty, and BE-
iravcd the trust rcposed in them am wiling sir, TO
eo for vote OF censure them, if such be The fact
Mr.. Smith Of Lincoln perfectly willing that
The gentlemen from ST. Lnuis Mr. b., or any other
member, should introduce resolution OF crnsurc
sucb rs had been spoken Of lie hoped the gentleman
miuht have permission do As to his own course
his own heart sanctioned his conduct and, having the
appreciation Of his own conscience, he cared not Tor
thousand censnres from another quarter He had shown
these British letters 10 his colleagues on the committee
TO his colleague Col Wood who differed with Inn
in politics fe had shown them because he wished, IN
view Of his duty as 4 public agent, TO make the best
possible disposition Of them for the benefit OF his constr
tuenis and of the Stale In the investigation oi the nj
fairs Of the Bank of Missouri, he stood above all party
feeling He recognized nothing of the spirit of party
Whenever 4 charge had been communicated 10 me
committee against director, or circumstance had
been mentioned connected with the management OF The
Bank he had made IT his business to call Tor an ex
planaiion and he cared not whether that explanation
raised up or pulled down a Wing, elevated or drs
troyed a Democrat. lie sought only 10 pursue the
strict line of duty. II necessary Tor hun To make
an explanation the House concerning these letters
At ST. Louis he heard nothing OF them ana oil course
lad no data for suspicion. But between the time OF his
leaving ST. Louis and his arrival at Jefferson, nc heard
that such letters had been written 10 the President oil
the Bank He inquired Of The President II II was the
fact The President expressed aston;sbmen That the
information had got of the Bank 1t being strict
rule of the Bank not to disclose anything Of the bust
ness arrangements of the Bank.
The President, however, promptly admitted the TACT
or course he could deliver them to the committee
or to the order Of this House For this purpose The
proposition had been made Tuesday calling for the
letters. The committee have them, and they
ought to go the world Upon consultation with his
colleague he had not deemed necessary 10 insert
them the report-he had thought the report could be
made satisfactory without them. If the House pre-
ierred reference he would gladly in lis wish
es He had heard before of correspondence in other
States with foreign capitalists and when the first rumor
reached his ear that Missouri too had been assaulted
with the same temptation through her banking ,nst't
ons he wanted to know it ALL and TO have il all made
known TO eyery freeman in Missouri. These two let
tiers were what he wished to see standing by them