The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-12-07

and the Presidents replies. We advise the Col
onel to look into this, or he may find himself
in a most awkward predicament.
They were answers to other letters, and de-
clined taking the Bonds in the course ofnegotia.
ton, for good and sufficient reasons therein
mentioned, among which were, the pressure
in the money market there, the prospects OF u
short crop, and their lack ofconfdence in the
manner in which things appeared TO be managed
in his country. They however looked for
waid to the time when American stocks would
regain their woAted credits when a change oil
Administration would restore that confidence
which was formerly had in American State
stocks sc, sc. These, believe were about
the ideas expressed, and nothing more-certain-
ly nothing worse, and it will be hard to make
more, or worse, out of the correspondence.
They were Just such letters as prudent bust
ness men would write, whether Englishmen or
Americans. However, as they are ordered
to be printed, you will see them, it is hoped, in
few days.
After this disposal of the letters, Mr. Ster-
ling Price (speaker) offered the following Joint
resolutions:
RESOLVED, By the House of Representatives,
the Senate concurring: /. That the Bonds Of
the State of Missouri, in the hands ofFrederick
HUH s, Co., London, be recalled, and taken out
of the European Market.
?. That the two letters from Frederick HUH
& Co., dated London, June 3, and September
18th, 1910, dispose the evidence of direct in
reference on the part of British capitalists, in
the internal politics of the United States, and
especially in the Presidential election of 1910,
and in favor of changing the American Execu-
tive.
8. That the said letters contain internal evil
dence Of a belief in the minds Of British capt.
talists, that the value of American Bonds and
Stocks in their hands, will be increased by the
election of the Federal candidate to the Presi-
dency in 1910.
L. That the said letters contain Internal evil
dence of design on the part of British capt.
talists, to bride the American people with their
own money.
s. That any legislation on the part of Con-
gress to increase the value of American Bonds
and Stocks, in the hands Of British capitalists,
will be an alarming compliance with the belief,
and expectation of said capitalists, and will be
a reward to them for their interference in our
elections, and an encouragement to continue
their interieTences in time 10 come.
6. That any assam tion or guarantee of said
debts, or any provision for paying them, on
the part of the General Government, or any
attempt to appropriate the public land revenue
to their payment, will be an invitation to Brit
ish capitalists to interfere in our Legislature as
well as elections, and an inducement to them
to use all the means known to the moneyed
power to obtain the passage of laws favorable
TO their interests, and tending to enhance the
value of Stocks and Bonds held by them.
Z. That all the modes of assuming, guaran-
teeing. or providing for the payment of the
State debts in Europe, the most Objectionable
and injurious would be by appropriating the pub
lie land revenue TO that object as thereby, in
addition to all evils Of an actual assumption Of
said debts, the public lands would become viz
tually nortgaged to foreigners who would i'm
feel an interest in the sale and dis
position ofsad lands, adverse to the interests of
the people, their influence in Congress TO pro-
cure the same to be sold for the highest posi-
Bile price,an to prevent all equitable reductions
of price, and also preventing all donations and
to actual settlers.
8. That it is unconstitutional, degrading to
the character of the States, tending to consoi
iation, and involving corrupt practices on the
part of foreigners, for Congress to engage in
any schemes to sustain State credit in Eu-
rope.
8. That copy of these resolutions, and Of
the two others to which they refer, be furnish
ed to the Missouri delegation in Congress; and
that the same be spread on the journals of this
House.
The resolutions were laid on the table and
ordered TO be printed; and after the transaction
of sundry matters of minor importance, the
House adjourned until Tomorrow morning, at
8 o'clock.