Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-08-04

Rothsehild A. Sons, dated the 26ih OF MAY; letter
80 the Secretary Of from the Charge Affairs
OF The Un,cd States al the Hague, dated the ltth OF
Nav; letter from Henry / Williams to the Secre-
tary oil Safe dated i4h OF June Tsess letters not
appearing TO require any answers, none have been
gwen.
Respectfully submitted.
DANIEL WEBSTER.
To the President.
LoNDov. April ,. l94l.
Sir We had the honor addressing Lesser 10
YOU the 9Th OF March, and we take the liberty
ol making you the present communication IA rea-
uon . subject connected with the financial
Affairs OF the United States of America, which
comes particularly under our cognizance. ana
which " deem in several points TO be OF ve:y con
siderable importance.
Accos4sng II The information We have late :
received relative TO the securities OF TIE United
States. We observe there Is considerable difficulty
pending n The proceedings OF the Indiana FUND
Commissioners, Tor providing sufficient means 10
taeet the payment OF he hal yearly interest dne
The iifsi july next, on tue debt OF that state W
understand that, on The part o. the Si.te Govern
nient as well Of ihe Fund Commissioner. q
great deal Of eXerion has been MADE 10 raise lne
necessary amount OF 'unds and that TIE tax wtic4
has been established ~ the State VIII be usIic.ea
WIN fully levied - provide Tor al the divi-
bends; tut roh time being required 10 carry A.
effect there are seTioas apr lris.or= entes
aimed That The commissioners vii not be asle 10
derive sufficient asss from il 10 make up til
sum necessary tor the payment OF the oge now
approaching. J. is estimated he deficiency VIII
~ shc, ~ .iI0 600. which forms icur-Iiths
OF The Whole anonn: OF dividend Tue uptavosa-
Die reports which have circulated IN respect ID the
inadequate provision for tie payment OF the inter
es, have already had material effect IN depress-
ing the stock OF Indiana, and Tie price has ialie n
ZEN 30 fifteen per ceat. 1.-THE nom ymoni should
lt,aa lie r4. non
the consequences would te extremely rreJuicial,
and would not only be strongly felt in the case Of
The credit OF this individual state but doubtless a.
. in that OF The credit OF al ihe states IN the
Union. and we fear would greatly injure, likewise,
the commercial credit OF the country. The pune.
tusity which the States have shown hitherto IN
The discharge OF their obligations, has had the cor
responding effect OF procuring tor them consid-
cradle share OF public favor ~ lhs well other
European markets, and The ia cstmcnis an then
securities have, IN consequence, been extended 70
the immense sums they at present amount to- buf
the omission on the part OF State Government to
fulfil the important duty O. discharging the nferes:
due on is debt would be calculated to destroy a
favorable impression OF long standing regarding The
confidence meriied 10y all the States, ana 10 s,Tne
blow 10 american cFcd.l IN every branch ct Goa
merce and finance.
The high sense expressed IN your inugural al.
dress OF the Importance OF the various ~taie> 81 the
OF their engagements, and The enlightened views
expressed IA regard to the intimate connection OF
their proceedings with the honor OF the republic
have produced mucl general satisfaction and a p
p-obauoni ana although aware how much ia,
grca concerns ,on have TO direct mr-t engf0,,
your attention, we are emboliened ty thcs iavor
able sentiments 10 bring &c your nclice thc crcu,
stance oil The deficiency IN the means OF The STAT,
ct Indiana Tor tne payment Of her neyi dlvideut
\ word from you. or The least iuicrposuion IA hci
favor, could not lal 10 afford relief n the pr.sen
cxigency; and it appears 10 that in order 10 oe
elective, sone measure should bee adopted " nh as
little delay a. possible. large portion al the stock
amounting 10 $1,000 600; has had the interest and
principal madr payable with oar house, and II
would De desirable Tor us TO be prepared, by the l.
June, with the necessary funds tor the payment o
The next dividend.
We hope YOU viii consider tho subject @, ihs
present iccr be OF su icient Importance IA
Your attention, as We are assured YOU would no
tail 10 besiow II upon any point YOU deemed 10 bs
connected with the interests OF the great republic
YOU preside over; and we trust the importance
attach TO it will torn our excuse wih yo1
Tor entering fully into The explanation OF our opn
ions.
We beg leave to rrescui TO YOU the assurance o
our high esteem aud respect, and We nave IA,
honor to remain, sir, your obedient and humble
servants,
u ". ROTuSCulLD & SONS.
WM. II. liAERIsoN, President OF the l.. :. OF Amer
lea, &c, Washington.