Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-12

acouanedwth the subject ana are wv, .s,yes TO be
I;nh,aned policy of any new country lna' asp
Eat nation, as they founded on Tie most
PRINCIPLES and experience oil EUROPEAN amd wealth
Ta ,ycr. calculated give you population ana wealth.
M .yo,lyinr from the sales OF your puoi'c uo"'
,J fnr e,ngra,ion and the payment OF your Pu"i'o
IN concluding this narrative, might, with prop'e
:, s,op here if | had not learned since my 'e,hin :"
reYas that my conduct has been The SUBJECT VI i"ro
,,,;ons full of dstrust and suspicion
/, has been asserted that had written to Inc 90
,arnment and individuals that the Loan was actaauy
o,J J,fni.siy negotiated In my oihcal oesPatcm -
the Government and TO the Editors OF the New iosn
,nsrs all that asserted was that had cohc.uaeu
on,r,ct with Nlessrs Laliite ~ Co, for the lex'ah
nan This in point of fact strictly as well as
technically true In my first contract with Laih'e
Co., the third article is as follows ,,...
uall mowers are given by these presents TO ness,s
,a;,e l. Co. to issue for sum not exceeding 81 mn
lions of francs, provisional certificates Oh one
froncs each which shall be binding on the Republic oil
To ras as if they were signed by their own Commission
orc. and Gen Hamilton engages to have sent, al 'ne
l,e. bv the Isl of January, 1912, certificates authenl
GATED by the Government of Texas, reerating Tue ph
c;n,l conditions Of The loan, to be exchanged against
the provisional cerlica'es Oh tue SUM anu 001'
toned in article I'd ~,
NV these certificates of stock signed and issued by
AIessrs. LATTE & Co., although founded on the secur'-
Ties of Texas knew from the credit OF The mouse mat
they would the contract price be equivalent 10 y
10 the Republic and be at once susceptible Oh fea@
o, in cash at the Paris Bourse. In subsequent con-
tract this condition varied but after the lapse 81
Two months In all my letters, both public ana pr,
vate | always spoke of the loan as one TO De lu'ieu
by ption and OF lis total and dehntVe III
vestment by the contractors. .c-,..
Il has also been said that the contract was manliesty
unlayorabe to the Republic, and that it would have
been runous!y burdensome II so happened mar 'e'e
were but four States in the American Cohieoe'acs
that could have made equally prop'tIous contract
from the sales of their stocks III European ha'hets
The contract, if Messrs Laite and Co. haa oeeh ao,e
to carry out the negotiation, would have yieidea oS1
per cent nett the Republic which was some 'h'ee of
Tour hundred per cent than your securities were
sellinp for in the New Orleans market. Inc proVi-
sion which it contained, of committing each oohu 1t u
prce higher than the minimum fixed by Iopefnmen.
far the public domain formed the most salutary OF all
sinking funds for the extlngmshnent OF the loan IL
there is truth and philosophy IN the remark lhal sue
cess sanctions every thing, there equal VI
the observation that there IS seldom TO oe founu i'll
ory for failure. The misfortune OF my colleague anu
myself was that the loan became in the arena OF the
politics Of the Republic party question untllt became
popuar for both parties 10 Willy It, The most injurious
graphs from the papers OF Texas were repnosheu
in the London and Paris prints which threatened IN
advance reputation of the contract winch was cal
cuaed to defeat the subscr and render hopeless
the neootiaton But have not complaint TO utter,
or prief to express knew very well the hazar dous
die was about cast when accepted the agency;
My colleague and myself, with families at home, ana
LARGE domestic duties discharge, would have required
guardians it, in the event of success, we had not ST.
pnlated for large compensation. As 1t IL, we get
heavy losses large sacrifices, and large expenses, for
our pains Long before | could have anticipated GER
tainly profitable connexon with yonr country, trust'
placed beyond doubt my sincere and d'snteres'ed at
tachment TO your cause.
In lS37 when your Government had not dollar !
raised in Charleston, with my means, and the as
sisance Of my friends sixteen thousand dollars, 10
send our Minister 10 France, for which received
Land Scrip, now comparatively worthless; 1t was all
your Government had to gvr and 1t was taken almost
as an unbongh token of my desire TO serve you
In 1898 reversed the expression OF the legislative
opinion of South Carolina, regard 10 the integrity OF
our cause, by taking ground in the Senate oil that
State against the opinion of one Of the Dearest most
esteemed and distinguished friends have on earth
| In 1899, without salary n stipulation for one
farthng of compensation, | left my family, and the
prosperous administration of large estate, to go 10
Europe procure your recognition by IT'S tlrst row.
ers. My friend, General Henderson, will am sure
do Justice to my Cordial Jealous, and efficient CO.
operation in the first Of the SERIES for recognition oil
| the French Government | concluded, in the next
year. four Treaties for you, and obtained the recogn
lion of England, the Netherlands and Belgium. The
outfits and salaries of these Missions separately, would
| have cost you fifty thousand doars-ior which, and
the expenses, | have not charged cent For the
last years have supported your missions both 10
the u. S. and France, aware that 1t these le-
cations broke down for want of the means for theIrsup
port it would be fatal 10 the credit OF the country ana
nv negotiations and also contributed means for two
Missions Of public and the other OF private ma
ture to Mexico, 10 treat for peace. 10 accomplish
these objects compelled TO use iund winch IN
wolves so sacred obligation, that although your Co.
vernmen cannot refund the large advance II owes me,
vet repayment must be made at the sacrifice OF every
thing have on earh and the entire vassaage of the
labor Of the rest Of my life if il becomes necessary
| But it has been said, that have made large for
by the contract for the purchase OF the Steamer
Zavan. should like this fact to be made out as clear
" for INV satisfaction, las been for The credulty
of others In 1898, Messrs. Burnly 81 Williams APP
plied to me in New York, TO return to Europe IN the
spring, their unofficial associate IN the negotiation
of loan AS Texas had lost her last vessel, and Mex
leo had several efficient, well armed cruisers, men
toned to these gentlemen that Mexico should block
ade the coast OF Texas all hope of such negotiation
must be at end. They informed me that they had
the authority of the Government TO purchase an armed
steamer. few days after one was offered to them IN
Philadelphia, but the difficulty was to procure the
money | succeeded in inducing friend, highly
opuent and respectable English Banker, to advance
the money for its purchase and equipment at the rate
of one dollar in your bonds for every fifty cents in spe-
Gle actually expended this was at period when your
bonds could not be sold in New York for thirty cents
on The dollar The gentleman who agreed to advance
the money, called me the day previous to Messrs
his authorized agent, he informed that he desired
me- with another friend, TO take half The contract,
which would afford him the best evidence that
thought well of the operation and, would see him out
However nconvenent, | could not as a point Of
honor Decline especially his consent to hazard
his money depended upon my acquescence We
expended $4,000 in specie or its equivalent, to the
purchase and equipment of this naval steamer; not one
cent which, either in the shape ofpncipal interest
has been repaid If this be so propitions bargain
as to excite the envy OF single in the Republic
| will make this offer: If any man, woman or child, car
be found give me- for my share of the contract The
fifty cents which paid in specie its equivalent, will
cheerfully surrender tie dollar in the ten per cent
bonds which have been transferred to me- will more
over, give him or her, n premium of Ia per cent. in
cash. and if procure it, the freedom OF the city o.
Galveston in gold box. If this offer is not accepted il
60 days. shall expect every backbiter, from the Sa
bine 10 the Rio Grande forever after to hold his peace
and allow to pocket my loss with what philosophy
can
n,.J 81, hoap